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FCA arrests two suspects involved in a $1.2 billion illegal crypto asset exchange, highlighting the agency’s efforts to combat financial crime.

FCA busts suspects in $1.2B illegal crypto asset business

The Financial Conduct Authority (FCA) in the United Kingdom

2 months ago

Meta cited a section of a 1996 federal law in an attempt to escape a crypto ad lawsuit from Australian billionaire Andrew Forrest, but a U.S. federal judge said it wasn’t enough.

Meta loses bid to wriggle out of billionaire’s crypto scam ad lawsuit

A United States judge has rejected Meta Platform’s bid to toss a lawsuit from billionaire Australian mining tycoon Andrew Forrest over Facebook ads that used deep fakes in his im...

2 months ago

The ETP issuer says a Tuesday CoinSnacks report was likely “commissioned by short sellers,” which the crypto-focused newsletter has denied.

DeFi Technologies slams ‘defamatory’ report that tanked its stock 28%

Exchange-traded product provider DeFi Technologies Inc. has slammed a “defamatory” and “misleading” report earlier this week that claimed its stock “isn’t ral...

2 months ago

Fair launch tokens could help the industry return to the true ethos of crypto, according to Arweave's founder.

AI computing protocol attracts $158M within a week after 'fair launch'

An Arweave-based computing protocol for artificial intelligence (AI) applications, AO, has attracted over $158 million worth of deposits within a week after its ‘fair launch.’ ...

2 months ago

This edition of Cointelegraph’s VC roundup features Plural Energy, Everclear, Ava Protocol, GoPlus and other startups.

VC Roundup: Investors double down on funding for crypto, blockchain startups

Venture capitalists are increasingly raising capital to pour into blockchain-based startups. Over the past two weeks, Paradigm closed a third fund to invest $850 million in early-stage...

2 months ago

The new company will develop AI safety and capabilities in tandem.

Ex-OpenAI chief scientist Ilya Sutskever launches SSI to focus on AI safety

Co-founder and former chief scientist of OpenAI, Ilya Sutskever, and former OpenAI engineer Daniel Levy have joined forces with Daniel Gross, an investor and former partner in startup accelerato...

2 months ago

LandBridge has a huge amount of land in the middle of America’s oil country, but it also says it can make big money off crypto miners.

Oil land buyer LandBridge makes a nod to crypto miners in $320M IPO

LandBridge, a United States firm that acquires large swaths of land for oil and gas production, says it intends to court crypto miners as part of its future strategy — amid the launch of i...

2 months ago

The alternative DApp store wants to offer features for Web3 enthusiasts while focusing on due diligence when listing apps.

APhone introduces DApp store combining Web2 and Web3 apps

The relationship between app distribution platforms and developers has been a topic of conflict for several reasons, including excessive sales fees and competition restrictions that limit develo...

2 months ago

Blockchain and Web3 reimagine the travel industry by unifying different stakeholders on the same, decentralized communication platform.

Bridging local experiences with global reach: How blockchain can help

Imagine a private surf school in Bali seamlessly connecting with major airlines and travel agencies worldwide, offering its services to a global audience with just a few clicks. This is not a fu...

2 months ago

The SEC argued Ripple’s proposed lower civil penalty wouldn’t be enough, and there’s no comparison to its settlement with Terraform Labs.

SEC shoots down Ripple’s argument for a lower penalty

The United States Securities and Exchange Commission (SEC) has criticized Ripple Labs’ latest argument for a lower penalty, saying it wouldn’t be enough. On June 13, Ripple...

3 months ago