In a surprising turn of events, a trial involving two brothers from MIT ended without a clear answer. The case was about a huge sum of money, $25 million, linked to cryptocurrency. The brothers, James and Anton Peraire-Bueno, were accused of fraud and money laundering. But after three days, the jury couldn't agree on a verdict. This is not the first time this year th...
Brazil is stepping up its game in the crypto world. The central bank has just rolled out new rules for trading virtual assets, including cryptocurrencies. These rules aim to tackle money laundering and terrorism financing, extending existing regulations to virtual-asset service providers. Crypto has been booming in Brazil, and the central bank is taking notice. Gove...
AI is growing fast, but it's facing some big problems. It's using too much power, keeping things secret, and making it hard for small players to compete. Crypto might just be the solution. By using blockchain, we can make data more open, share computing power, and even fight bias in AI. Right now, a few big companies control most of the AI world. They own the cloud ...
Strategy has been on a shopping spree, snapping up more Bitcoin. This time, they grabbed 487 coins, dropping around $50 million. That's a lot of digital cash! Now, they're sitting on a massive 641, 692 Bitcoins. That's worth over $67 billion. Not too shabby, right? Last week, they bought 397 Bitcoins. That's a tiny 1. 8% more than the week before. Some big players a...
October saw a massive influx of money into US exchange-traded funds (ETFs), with a record-breaking $166 billion in net new assets. This surge was led by Vanguard, which had its best month ever, pulling in over $50 billion. The largest share of these inflows went into US stock ETFs, with large-blend ETFs capturing the most attention. Vanguard's S&P 500 ETF, VOO, was ...
A big shake-up happened in the crypto world. The boss of Samourai Wallet, Keonne Rodriguez, got a five-year prison sentence. Why? He ran a service that mixed up Bitcoin to hide where the money came from. Prosecutors say this service laundered a huge amount of money—over $237 million. Rodriguez and his partner, William Lonergan Hill, were arrested last year. They wer...
BitMart, a major player in the cryptocurrency world, just got a big boost. Their CEO, Nathan Chow, has been invited to join the Forbes Business Council. This isn't just any club; it's a group of top business leaders who share ideas and set trends. Chow's invitation shows how far BitMart has come and how much they're doing to make digital money accessible to everyone....
Hamster Kombat, a play-to-earn (PTE) game, has taken the world by storm, with over 300 million users since its launch in March 2024. But in Iran, where the local currency has lost value, the game's appeal is even stronger. A recent study looked at why so many Iranians are playing Hamster Kombat and what risks come with it. The study focused on 529 Iranian players, m...
The GENIUS Act is now law, and it’s shaking up the world of stablecoins. This new rule means stablecoins will face stricter regulations, and the battle over how these rules are applied is just getting started. The act sets the stage for a two-year fight over how $250 billion in stablecoins will be handled. The main question is whether these digital coins will be con...
Zcash, a cryptocurrency known for its privacy features, saw a huge jump in value recently, reaching as high as $715. This is the biggest increase since 2018, and it has caught the attention of many in the crypto world. One of the main reasons for this surge is the growing interest in privacy-focused cryptocurrencies. More people are using Zcash's privacy features, w...