Ponzi vs. pyramid schemes: What’s the difference?
Ponzi schemes promise returns generated from the money of future investors, while in pyramid schemes, income flows up through recruitment....
Year: 2023
Tom Emmer Reintroduces Bill to Stop ‘Unelected Bureaucrats’ From Issuing A CBDC
Majority Whip Tom Emmer has reintroduced a bill to prevent ”unelected bureaucrats” from introducing a central bank digital currency (CBDC)...
Binance.US Cuts a Third Of Staff, CEO Departs As Regulatory Storm Shrinks Revenues
Binance.US CEO Brian Shroder left the company as it slashed a third of its workforce amid a regulatory storm that’s...
SWIFT enrolls 3 central banks in CBDC interoperability beta test, expands sandbox
The bank messaging network has seen a dramatic increase in processing speed and is developing technology to connect CBDCs. Three...
Alibaba launches its ChatGPT-like AI model for public use amid loosening restrictions in China
The launch comes just weeks after Chinese authorities began accepting applications for public-facing AI systems. Alibaba announced that its proprietary...
EU parliament votes overwhelmingly in support of DAC8 crypto tax reporting rule
The measure received 535 votes for with 57 against and 60 abstentions in a plenary session. Lawmakers in the European...
Cosmos Hub upgrades to offer liquid staking
The upgrade introduces a liquid staking module, eliminating a 21-day locking period applied for unstaked ATOM tokens. Cosmos Hub, a...
Senator Sherrod Brown Says FTX-Like Problems Are “Everywhere In Crypto,” Praises SEC Crackdown On Industry
Senator Sherrod Brown lambasted crypto at a hearing on the oversight of the industry regulator, underscoring the powerful political support...
Phisher who stole $24.2 Million Worth of Ethereum Transfers Funds to Tornado Cash, Peckshield Says
A phisher who stole about $24.2 million of staked Ethereum (ETH) from a crypto whale is transferring the assets to...
Ripple CEO Brad Garlinghouse Says U.S. Is Only Country Crypto Startups Should Avoid
The US is the worst place in the world for crypto startups and it must learn how to regulate from...
Tamadoge Announces 3D NFT Presale on 14th September, Following a No.1 Trending Spot on CoinGecko and a 25% Price Surge
Web3 games platform Tamadoge launched its 3D NFT presale on Thursday, September 14th, a fortnight after announcing the introduction of...
Court approves sale of FTX digital assets
Assets will be sold off weekly, with special handling for BTC, ETH and "insider-affiliated tokens." The Delaware bankruptcy court has...
Paxos confirms it’s responsible for $500K mistaken Bitcoin transaction
The account that paid $500,000 to move $2,000 worth of Bitcoin was a Paxos server, the company stated. The account...
Google to allow NFT game ads, metaverse ‘hot’ in Asia: Nifty Newsletter
Google will allow NFT game advertisements that do not have any gambling or gambling services included within the games. In...
Ripple says security incident accelerated its acquisition of Fortress Trust
A multimillion-dollar security breach involving a third-party vendor hastened Ripple’s acquisition of Fortress Trust on Sept. 8. The takeover of...
