Crypto news

The United States Commodity Futures Trading Commission (CFTC) filed a complaint against former CEO of Voyager Digital, Stephen Ehrlich, alleging that the ex-chief committed fraud and failed to register the bankrupt crypto lender with the agency. In a related development, another US regulatory body, the Federal Trade Commission (FTC), announced that it reached a settlement with Voyager Digital. CFTC’s Charges Against Stephen Ehrlich The CFTC announced the lawsuit in a press...

TL;DR Loom Network (LOOM) saw a 30% price surge, reaching a 5-year high of $0.28, possibly influenced by an Upbit investor purchasing over 21M LOOM worth around $6 million. This investor now holds 653 million LOOM assets, equating to 50% of the total circulating supply. Major cryptocurrencies like Bitcoin, Ether, and others are on a decline, with global market capitalization dropping below $1.1 trillion. The cryptocurrency market seems to be in a bearish mode, but a few...

BarnBridge is the latest crypto project that found itself entangled in legal proceedings initiated by the US Securities and Exchange Commission (SEC). With potential financial penalties on the horizon, the project turned to its token holders. The details of any specific order sent by the financial regulator have not been disclosed. Voters Decide on SEC’s ‘Order’ The DeFi protocol kicked off a voting process on October 10th, centered around a proposal to allow its creators –...

Beluga, a Multichain AMM protocol, recently fell victim to a malicious hacking attack that scooped about $175K in crypto a few hours ago. This is just the latest hacks and cyber attacks that have been clouding the crypto space in 2023, stealing over a billion. Beluga Protocol Attacked As per the reports, this attack targeted the Beluga protocol deployed on the Arbitrum network. The news broke when security firm PeckShield reported the incident on X, mentioning that the...

TL;DR BitPay now allows users to purchase tickets for Taylor Swift’s upcoming “Eras Tour Movie” concert using various cryptocurrencies, including XRP, SHIB, BTC, and ETH. To buy tickets, users should visit the AMC website, select the desired concert, and choose the crypto payment option during checkout. Increasing adoption of cryptocurrencies like XRP and SHIB may lead to a potential price rally, despite their recent price dips. Buying Tickets in Crypto The cryptocurrency...

Layer 1 Oracle network – Flare – is all set to burn 2.1 billion FLR tokens in a bid to support ecosystem health. This figure represents almost 40% of the original token allocation for investors. After permanently removing more than 2% of FLR’s total supply from circulation, the developers behind the network expect to prevent the dilution of community token holdings while increasing incentives for new users to join FLR Token Burn According to the official announcement shared...

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions on Thursday targeting two tanker owners involved in shipping Russian oil that exceeded the established price cap.  In a recent development, oil prices saw a remarkable surge, rising by 4% earlier today, following the United States’ decision to intensify sanctions against Russian crude exports. According to reports, International benchmark Brent crude futures, set to expire in December, traded...

JPMorgan figures for Q3 2023 exceeded expectations like it did in Q2. However, figures like revenue and EPS were higher last quarter. JPMorgan Chase (NYSE: JPM) has published an earnings report for the year’s third quarter. The reported figures show that JPMorgan scaled analysts expectations for profit in Q3 2023. JPMorgan Q3 2023 JPMorgan reported earnings per share (EPS) at $4.33 for the quarter, higher than the estimated $3.86. The bank also said its profit jumped to $13.15 billion,...

The developers elaborated on their decision, stating that cloning Reczek’s voice was a tribute to the legendary voice actor, recognizing him as “one of the best Polish voice talents”. CD Projekt RED, the developer of Cyberpunk 2077, has embarked on a groundbreaking creative endeavor by bringing a deceased actor’s voice back to life. The Polish video game developer has ventured into the realm of artificial intelligence (AI) to preserve the legacy of the late Polish voice actor Miłogost...

Google’s announcement comes amid rising concerns over the copyright issues that have been linked with using generative AI. Google is making it its business to legally protect users of generative artificial intelligence (AI) systems within its Google Cloud and Workspace platforms. That is if they are ever faced with copyright infringement allegations. The announcement reads in part: “If you are challenged on copyright grounds, we will assume responsibility for the potential legal risks...