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  • Aug 29, 2024

WazirX Sets Aside $12 Million to Recover Stolen Crypto, Pay Legal Costs

WazirX has set aside millions of dollars to cover legal costs related to the theft of hundreds of millions of dollars in crypto after a cyberattack in July brought the Indian exchange to its knees. On Wednesday, Singapore-based Zettai Pte Ltd,  the holding company of WazirX, filed an affidavit with the High Court of Singapore, requesting a 30-day moratorium to facilitate discussions with investors and creditors to stabilize the platform. The moratorium, if granted, is seen as essential for ensur...

  • Aug 29, 2024

Bitcoin ATM Growth Surges in Australia Following Years of False Starts

Bitcoin automated teller machines in Australia have surged in recent years, with the country now the fastest-growing market in the world. There were just 73 Bitcoin ATMs in the country in September 2022. That number has since surged to 1,162 installations, according to data from Coin ATM Radar. It places Australia third in total installs, behind only the U.S. and Canada, whose numbers dwarf that of the island nation, at 31,861 and 3004, respectively. The U.S. has had around the same number of ma...

  • Aug 29, 2024

Tesla, Musk Dodge $258 Billion Dogecoin Lawsuit as Judge Dismisses Case

On Thursday, a federal judge dismissed a class action lawsuit accusing Tesla and its CEO, Elon Musk, of market manipulation through public praise of Dogecoin. The plaintiffs, representing investors who claimed to have lost money due to Musk’s comments on social media in recent years, had sought $86 billion in damages, with a request for triple damages, bringing the total to $258 billion. The lawsuit centered on Musk’s various public statements about Dogecoin, primarily made via posts on X (forme...

  • Aug 29, 2024

OpenAI and Anthropic Open Up to US AI Safety Institute

The U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) has made a deal with top AI developers OpenAI and Anthropic to establish formal collaboration with the U.S. AI Safety Institute (AISI), the agency said on Thursday. The institute would “receive access to major new models from each company prior to and following their public release,” according to the announcement. Anthropic is developing Claude, while OpenAI offers ChatGPT. The arrangement will allow the Inst...

  • Aug 29, 2024

Gold Holds Gains as Traders Digest Data, Await Inflation Print

(Bloomberg) -- Gold held gains as traders assessed the latest US data while awaiting a key inflation gauge that may shed more light on the path of the Federal Reserve’s interest-rate policy.Most Read from BloombergTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowA Loud Warning From the Past A

  • Aug 29, 2024

Shell Set to Cut 20% of Jobs in Some Oil and Gas Divisions

(Bloomberg) -- Shell Plc is set to cut around 20% of its workforce in some oil and gas exploration and development divisions as Chief Executive Officer Wael Sawan works to boost efficiency and profitability. Most Read from BloombergTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowA Loud Warni

  • Aug 29, 2024

Art Is Not a Security

NFTs “expose the incoherence of the SEC’s understanding of what it’s authorized to regulate,” says law professor Brian L. Frye, following news yesterday that the SEC has issue...

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