Fed Now System Challenges XRP’s Role in Cross-Border Payments
XRP may be viewed through an outdated perspective by the market. A significant external development impacting XRP emerged recently. On April 8, the Federal Reserve proposed a change allowing U.S.…
Coinbase’s VP of International Policy Joins OpenAI
Tom Duff Gordon, Coinbase’s vice president of international policy, is transitioning from the U.S.-listed cryptocurrency firm to a new role at OpenAI. According to a Coinbase spokesperson via email, Duff…
Exodus Legal Action Against W3C and CEO Garth Howat for $175M Acquisition Closure
Cryptocurrency company Exodus Movement (EXOD) has initiated legal proceedings against W3C, the parent entity of crypto payment firms Baanx and Monovate, along with its CEO, Garth Howat. The lawsuit aims…
White House Crypto Adviser Witt Reports Progress on Clarity Act Obstacles
Patrick Witt, the White House’s principal cryptocurrency advisor, discussed ongoing efforts to finalize a compromise that will advance the Digital Asset Market Clarity Act in the U.S. Senate. During an…
Trader Capitalizes on UFC Scoring Mistake to Turn $500 into Over $252K
A trader on Polymarket reaped a significant windfall by exploiting a scoring error in a UFC bout. This marks the second such incident within two weeks, where UFC announcer Bruce…
‘We Will Not Pay These Criminals’: Kraken Faces Extortion Threat Over Stolen Data
A criminal group is threatening to disclose stolen client data from the cryptocurrency exchange Kraken, as announced by the company on Monday through a social media statement. Kraken’s Chief Security…
Wall Street Faces Private Credit Turmoil as $20B Withdrawal Wave Spurs New Limitations Threatening Bitcoin Liquidity
The private credit sector has entered a perilous phase. Previously confined issues such as underwriting quality, isolated borrower stress, and sporadic redemption notices have escalated into something far more significant:…
Claude Mythos: A Real Cybersecurity Threat or Just Hype? Insights from AI Security Institute
Anthropic’s Claude Mythos Preview has undergone scrutiny by the UK’s AI Security Institute to evaluate its significant cybersecurity capabilities, revealing that it can autonomously execute advanced cyber attacks with high…
Meta Shifts Focus: From Cartoon Avatars to Photorealistic AI of Zuckerberg
In a notable change from his previous digital representation, Mark Zuckerberg has been involved in the development of a photorealistic AI clone designed for interaction with Meta employees. Following an…
SEC Clarifies No Broker Registration Needed for Crypto Wallet Software
The U.S. Securities and Exchange Commission (SEC) has clarified that software enabling transactions of crypto securities through user wallets does not require registration as a broker. This guidance is part…