Is it not a wonder to comprehend that Director YOLO’d used the Netflix budget to create $27 million dogecoin? Well, the reports are accurate to the facts! According to the New York Times, Carl Erik, a renowned director who has directed the Netflix sci-fi series Conquest, reportedly used $4 million from the show’s budget to make a whopping $27 million. […]

Singapore’s MAS introduces new rules for Digital Payment Token (DPT) service providers. MAS requires DPT service providers to discourage cryptocurrency speculation by retail customers. MAS prohibits incentives for cryptocurrency trading, margin or leverage transactions, and requires risk awareness. In a big move, Singapore’s Monetary Authority (MAS) has announced new rules for Digital Payment Token (DPT) service providers in the country. […]

Around $46 million in various crypto assets has seemingly been drained from the decentralized KyberSwap exchange in the latest decentralized finance exploit. On Nov. 23, the Kyber Network team alerted its users stating in an X (Twitter) post that KyberSwap Elastic “has experienced a security incident.” It advised users to withdraw their funds as a precaution and added it was […]

United States-based cryptocurrency exchange Coinbase has renewed its call to compel the Securities and Exchange Commission (SEC) to respond to the company’s petition to create rules on crypto, using the regulator’s recent enforcement action against Kraken to back up its claims. In a Nov. 22 filing in the U.S. Court of Appeals for the Third Circuit, lawyers representing Coinbase filed […]

Major cryptocurrency tracking website CoinGecko is scaling its data offering by acquiring the nonfungible token (NFT) data infrastructure platform Zash. CoinGecko plans to integrate Zash’s NFT data into its Application Programming Interface (API) by the second quarter of 2024, the firm announced on Nov. 21, though the deal terms have not been disclosed. “API users will be able to enjoy […]

OpenAI and Microsoft are facing a lawsuit alleging the improper use of nonfiction authors’ work to train AI models, including OpenAI’s ChatGPT service. Author and reporter Julian Sancton sued the companies on Nov. 21.  OpenAI allegedly utilized tens of thousands of nonfiction books without authorization to train its extensive language models in responding to human text prompts, according to Julian […]

On November 18, OpenAI unexpectedly ousted its CEO, Sam Altman. The decision followed a thorough review by the company’s board of directors, which concluded that Altman’s communication with the board had not been consistently candid. They said, “The board no longer has confidence in his ability to continue leading OpenAI,” a statement from the company read. “This decision was not […]

A New Zealand dollar-pegged stablecoin has gone live through a partnership with New Zealand crypto exchange Easy Crypto and Australian blockchain development firm Labrys. In a Nov. 22 announcement, Labrys and Easy Crypto said the NZDD will be backed 1:1 with cash in trust and regulated by the New Zealand Financial Markets Authority. It’s initially live on Ethereum but has […]

Binance and its founder Changpeng”CZ” Zhao has admitted to violating United States laws around money laundering and terror financing — agreeing to pay $4.3 billion in fines The Here’s what happened. Feb. 15: Binance was under suspicion since 2018 Reports emerged that Binance is the target of several United States law enforcement investigations — some dating back to 2018. March […]