Venezuelan President Nicolas Maduro discussed the possible future of the national cryptocurrency system following the so-called PDVSA-Crypto scheme, which resulted in the loss of $20 billion in unaccounted oil sales paid in crypto. Maduro stated that the country needed to retake the crypto path but gave no indications regarding the revival of the national cryptocurrency asset, the…
Coinbase Legal Chief Criticizes SEC's Vague Position on FTX Plan — Says Investors Deserve 'Way Better'
September 3, 2024
Coinbase’s chief legal officer has criticized the U.S. Securities and Exchange Commission (SEC) for its ambiguous position regarding FTX’s proposal to repay creditors using stablecoins or other cryptocurrencies. Although the SEC did not explicitly deem these transactions…
What lessons did the US Army learn from the Gaza aid pier mission?
September 2, 2024
It was their most challenging mission.
U.S. Army soldiers in the 7th Transportation Brigade had previously set up a pier during training and in exercises overseas but never had dealt with the wild combination of turbulent weather, security threats and sweeping personnel…
Tesla's Oct 10 Robotaxi event will be at Warner Bros studio in LA
September 2, 2024
Tesla will unveil its Robotaxi product at Warner Bros. studio in Burbank, CA, on October 10th, according to a report by Bloomberg.
Tesla has been using its Giga Texas facility for its unveilings in recent years, after many years of doing them in Calfornia, where the company was founded and where its design and engineering departments remain.
Many of these happened in or around Hawthorne…
At the DataGrail Summit 2024 this week, industry leaders delivered a stark warning about the rapidly advancing risks associated with AI.
Dave Zhou, CISO of Instacart, and Jason Clinton, CISO of Anthropic, highlighted the urgent need for robust security measures to keep pace…
Why we need to check the gen AI hype and get back to reality
September 2, 2024
For the past 18 months, I have observed the burgeoning conversation around large language models (LLMs) and generative AI. The breathless hype and hyperbolic conjecture about the future have ballooned— perhaps even bubbled — casting a shadow over the practical…
South Korean police arrested a man in his 40s for orchestrating a cryptocurrency scam that defrauded 158 investors of 16 billion won ($12 million). Operating from November 2021 to June 2022, he promised an 18% monthly return on investments in a fake cryptocurrency scam business. The scam resulted in individual losses ranging from 1.2 million to 250 million won. After failing to appear at a…
Court Approves BTC Loan for Bankrupt Bitcoin Mining Firm
September 2, 2024
Rhodium Encore LLC, a bankrupt bitcoin mining company, has received court approval for a unique debtor-in-possession financing plan that allows borrowing in either U.S. dollars or bitcoin. Galaxy Digital Holdings Ltd., a blockchain firm led by Mike Novogratz, has offered to…
Coinbase Reports Its First AI-to-AI Crypto Transaction
September 2, 2024
Coinbase CEO Brian Armstrong announced the platform’s first AI-to-AI crypto transaction, highlighting a new application of digital currency by artificial intelligence agents. Armstrong believes this advancement will enhance AI’s capacity to independently obtain resources…
The Bitcoin layer two (L2) network Stacks protocol has completed its Nakamoto upgrade, finalizing a series of enhancements that began in April 2024. This latest phase, delivered on August 28, 2024, introduces stronger transaction finality guarantees, reduces miner extractable value (MEV) opportunities, and improves network resilience. Additionally, the upgrade prepares the network for the…
