The CEO of collapsed Turkish crypto exchange Thodex has been sentenced to 11,196 years, 10 months, and 15 days in prison. He purportedly absconded with more than $2 billion in cryptocurrency belonging to more than 400,000 customers. The court found his crypto trading platform to be a criminal organization.
Thodex Chief Sentenced to 11,196 Years in Prison
The CEO of collapsed Turkish cryptocurrency…
What Are Stablecoins? A Simple Explanation of the Digital Asset Bridging Crypto and Fiat – Learning - Insights Bitcoin News
September 10, 2023
Stablecoins occupy a unique space within the realm of finance, straddling the worlds of traditional and cryptocurrency finance. These digital assets aim to achieve price stability by tethering their market value to external references such as fiat money. Stablecoins blend…
'Islamic Coin's Legitimacy as a Sharia-Compliant Cryptocurrency Is Proven by Its Fatwa' — Co-Founder – Interview Bitcoin News
September 10, 2023
According to Mohammed AlKaff AlHashmi, the co-founder of “Islamic Coin,” Muslim scholars will increasingly view cryptocurrencies as being “Shariah-compliant” if they function as a store of value or are used as a medium of exchange. Alhashmi added that Islam’s…
Royal Air Force faces significant aircraft shortfalls, report finds
September 10, 2023
LONDON — British lawmakers say the Royal Air Force now lacks capabilities across combat, air transport and early warning aircraft.
A Ministry of Defence command paper in 2021 ordered cuts to aircraft numbers that are creating a combat air shortfall in jet numbers that will persist into the 2030s, the Parliamentary defence committee said in a report on aviation procurement released Sept. 10.
The…
Generative AI: A pragmatic blueprint for data security
September 10, 2023
The rapid rise of large language models (LLMs) and generative AI has presented new challenges for security teams everywhere. In creating new ways for data to be accessed, gen AI doesn’t fit traditional security paradigms focused on preventing data from going to people who…
Coinbase Seeks Expansion in Markets With Clear Crypto Rules Unlike US – Exchanges Bitcoin News
September 10, 2023
America’s leading cryptocurrency exchange, Coinbase, plans to expand its business in jurisdictions that are adopting clear regulations for the sector. These include markets in Europe, Asia and the Americas as opposed to the United States which, the company says, is…
Is Ethereum Outshining Bitcoin in Terms of Fees? Crypto Voices Share Thoughts – Featured Bitcoin News
September 10, 2023
Lately, the crypto sphere, with bitcoin aficionados in particular, has been buzzing with chatter about the fees pocketed by BTC miners. They’re pondering if these fees will adequately offset the impending 2024 halving and the accompanying drop in revenue. On the other hand, Ethereum, the runner-up in the crypto world, is raking in significantly higher weekly fees. Here’s an insight into the…
Ride1Up adds throttle to its popular low-cost electric bike
September 10, 2023
Unlike in much of Europe and Asia, electric bikes sold in the United States can benefit from the inclusion of a hand throttle, which allows riders to power an e-bike’s motor without pedaling. These make up the vast majority of e-bikes in the US, and now the value electric…
Fortnite steward Donald Mustard will retire from Epic Games
September 10, 2023
Donald Mustard said on social media he will retire from his role as chief creative officer at Epic Games this month.
That’s a big change for Mustard and Epic, as Mustard was in charge of the Fortnite, which has generated billions of dollars in revenue over the years.
As regulators talk tough, tackling AI bias has never been more urgent
September 10, 2023
The rise of powerful generative AI tools like ChatGPT has been described as this generation’s “iPhone moment.” In March, the OpenAI website, which lets visitors try ChatGPT, reportedly reached 847 million unique monthly visitors. Amid this explosion of popularity, the level of scrutiny placed on gen AI has skyrocketed, with several countries acting swiftly to protect consumers.
In…
