The two founders of former Singapore-based cryptocurrency hedge fund Three Arrows Capital (3AC) have been barred from financial activity in the island city state for nine years, according to a press release by the Monetary Authority of Singapore (MAS). The founders, former CEO Su Zhu
Taurus–a Swiss fintech for enterprise-grade crypto services–has announced an agreement with Deutsche Bank to establish digital asset custody. Alongside crypto custody, Deutsche Bank will also use Taurus’ infrastructure to offer tokenization services for its customers, as per a press release shared with Decrypt. “We look
Two commissioners of the U.S. Securities and Exchange Commission (SEC), Mark T. Uyeda and Hester M. Peirce, have published a public letter of dissent on September 13 against the regulator’s decision to regard the sale of Stoner Cats NFTs as a securities sale. The Republican
With no end in sight to the ongoing actors’ strike in Hollywood, a California lawmaker introduced legislation Wednesday that, if passed, would give actors a way out of contracts that require the use of their likeness to create digital avatars using artificial intelligence. The bill, AB459,
A UK-based internet watchdog group is sounding the alarm over a surge in the amount of AI-generated child sexual abuse material (CSAM) circulating online, according to a report by The Guardian. The Internet Watch Foundation (IWF) said pedophile rings are discussing and trading tips on
Crypto infrastructure provider Paxos has claimed responsibility for a Bitcoin (BTC) transaction that needlessly paid a $510,000 fee to the network earlier this week. In an email to Decrypt, a Paxos spokesperson confirmed that the company “overpaid the BTC network fee on Sept. 10, 2023,”
In a play to market its futuristic vision, Coca-Cola has invited global enthusiasts to not merely taste, but experience what the year 3000 might hold: a blend of flavors created with the help of AI. Coca-Cola Y3000 Zero Sugar is the result of a blend
Game development tech firm Unity, the company behind the widely used video game engine of the same name, has announced changes to its pricing model—sowing discord and fury among video game developers who call it harmful and “gross,” among other descriptors. One day after the
Artificial intelligence (AI) is not only revolutionizing technology but also stirring up debates in the financial sector. Goldman Sachs has been adamant that there isn’t an AI bubble. But there are still plenty of analysts who are nervous at the major growth of interest in