CryptoNews

SEC Regrets Confusion Over 'Crypto Asset Securities' — Ripple and Coinbase Weigh In

September 16, 2024
Coinbase and Ripple legal chiefs, Paul Grewal and Stuart Alderoty, have criticized the U.S. Securities and Exchange Commission (SEC) for its inconsistent approach to classifying tokens as securities. Grewal referenced Footnote 6 in the SEC’s amended complaint against Binance, where the agency admitted creating confusion by labeling tokens as securities. He also pointed out the SEC’s…
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CryptoNews

FBI Seizes Websites Linked to Crypto Recovery Fraud

September 16, 2024
The Federal Bureau of Investigation’s San Diego office has seized websites linked to three fraudulent cryptocurrency recovery services. The scam preys on victims of crypto fraud by promising recovery of lost funds, often charging significant fees without delivering…
CryptoNews

Brazil Police Bust $9.7B Crypto Rings, Use AI to Spot Tax Fraud

September 16, 2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazilian police dismantle $9.7 billion crypto laundering rings, Brazil uses an artificial intelligence (AI) tool to detect tax fraud linked…
Cleantech & EV'sNews

Tesla reveals its modular 'unboxed' EV manufacturing process in a patent

September 13, 2024
Tesla has revealed its modular ‘unboxed’ EV manufacturing process that will be used in its upcoming Robotaxi in a new patent application. At Tesla’s 2023 Investor Day, the automaker unveiled a new car manufacturing system, which CEO Elon Musk claimed would be faster, more efficient, and enable the production of cheaper electric vehicles. Tesla is calling it the “Unboxed Process”: The…
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AI & RoboticsNews

Pixtral 12B is here: Mistral releases its first-ever multimodal AI model

September 13, 2024
Mistral AI is finally venturing into the multimodal arena. Today, the French AI startup taking on the likes of OpenAI and Anthropic released Pixtral 12B, its first ever multimodal model with both language and vision processing capabilities baked in. While the model is not available on the public web at present, its source code can be downloaded from Hugging Face or GitHub to test on individual…
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CryptoNews

Coinbase Launches Wrapped Bitcoin for Ethereum and Base Networks

September 13, 2024
Coinbase has unveiled Coinbase Wrapped Bitcoin (cbBTC), giving users a gateway to decentralized finance (defi) apps on Ethereum and Base, using bitcoin (BTC). The cbBTC token is essentially a wrapped version of bitcoin, fully backed by BTC held in Coinbase’s custody. Coinbase Wrapped Bitcoin Opens New Defi Opportunities According to the San Francisco-based crypto exchange, cbBTC opens up new…
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