Decentralized AI Society plans regulatory pilot, venture fund: Co-founder

46-year-old New York resident Patrick McDonnell admitted to stealing funds obtained from his clients instead of investing them in cryptocurrency, Bloomberg reports on June 21.Per the report, McDonnell — who calls himself the “coyote of Wall Street” — pleaded guilty to wire fraud on Friday in federal court in Brooklyn. He allegedly declared:“I claimed to…

An Elliptic report commissioned by Nikkei says Asian countries account for over 60% of losses to North Korean hacker and ransomware users; lax security played a role. 110 Total views 1 Total shares Japan is the biggest loser of cryptocurrency to North Korean hackers, according to a study by blockchain analyst Elliptic. Asian countries make…

The U.K.’s finance regulator, the Financial Conduct Authority (FCA), may ban cryptocurrency derivatives such as futures as part of its “most comprehensive response” to the industry, financial trading news outlet Finance Magnates reported Nov. 20.In a speech at a London conference Tuesday, FCA executive director of strategy and competition Christopher Woolard said the organization would…

In the rapidly evolving world of cryptocurrency, regulatory shifts, legal battles and groundbreaking policy proposals are shaping the industry’s future.  The premiere episode of The Clear Crypto Podcast by Cointelegraph and StarkWare brings in a legal expert specializing in the crypto industry to help shed light on the state of crypto regulation in the US

"The timing of the charges and his arrest raise serious questions about the SEC’s process and cooperation with the Department of Justice," said Representatives McHenry and Huizenga. Own this piece of history Collect this article as an NFTTwo members of the United States House Financial Services Committee are calling on Securities and Exchange Commission chair…

Galaxy Digital CEO Mike Novogratz argued that institutional interest would push Bitcoin (BTC) price back to its all-time highs of $20,000 before the end of 2019. Novogratz delivered his comments in an interview with Bloomberg on July 25.  Speaking about where Bitcoin price will be going by the end of the year, Novogratz recalled the coin’s…

The number of U.S. crypto investors is set to almost double in 2021, according to a new survey by Gemini. 828 Total views 22 Total shares Nearly two-thirds of adults in the United States are interested in learning more about cryptocurrencies like Bitcoin (BTC) or holding them soon, according to a new survey.Gemini, a crypto…

China continues to up its blockchain game with an independently developed blockchain-based identification system for cities as part of its smart city infrastructure.On Nov. 4, Chinese daily tabloid newspaper Global Times reported that the newly developed identification system was jointly launched by three institutes in the city of Shijiazhuang.The blockchain-based identification system will assign a…

According to a recent report, OpenAI is currently trying to raise funds from private investors at a $150 billion corporate valuation.