Judge issues temporary stay in Kalshi v. CFTC election betting case
Judge Jia Cobb said the court would hold a hearing on Sept. 12 to address competing motions filed by the CFTC and Kalshi over betting on US elections.
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Zurich Uni’s secret AI experiment manipulated Redditors’ opinions
Researchers at the University of Zurich have been accused of undertaking an unauthorized four-month-long experiment on a Reddit board using artificial intelligence-generated comments to test whether AI could alter people’s opinions. As part of the experiment, AI-powered accounts faked a variety of personas, including a rape victim, a person opposed to specific social movements and

How Mantra’s OM token collapsed in 24 hours of chaos
Mantra’s OM token collapsed by more than 90% overnight, and the crypto world can’t agree on why. On April 13, OM’s price plummeted from over $6 to below $0.50, wiping out more than $5 billion in market cap and triggering widespread panic across the crypto industry. The sudden crash drew comparisons to Terra’s LUNA implosion

FTX presentation shows ‘massive shortfall’ in firm’s assets
FTX and FTX US together have billions in deficits in their exchange wallets and fiat accounts, uncovered in a "huge effort" according to the exchange's CEO. 53 Total views 1 Total shares Own this piece of history Collect this article as an NFTBankrupt cryptocurrency exchange FTX has revealed a "massive shortfall" in its digital asset…

South Korean exchange traffic has risen sharply since June — Is this why?
The boost may come down to the popularity of one specific token. Data indicates that Coinone, a South Korean exchange, saw its user base rise by about 10,000 people per month after listing Kakao’s klaytn (KLAY) token in June. The token was listed after Kakao, a tech giant who runs the most popular chat app in…

PlanB: ‘Rare Opportunity’ Can See Bitcoin Price Hit $10K in December
Bitcoin (BTC) returning to $10,000 next month may feel unlikely, but should not surprise anyone, says the creator of one of its most accurate price models.In a tweet on Nov. 25, PlanB, the Twitter analyst known for his Stock-to-Flow Bitcoin price charts, suggested BTC/USD could easily retake five figures before 2020.PlanB: $10K BTC bounce “wouldn’t…

Japanese crypto traders ditching XRP and MONA for Bitcoin
Most Japanese crypto traders may be leaving altcoins behind entirely. 1806 Total views 18 Total shares The vast majority of Japanese crypto traders who started getting into the market in the last year may be investing solely in Bitcoin.According to data published on Aug. 19 from the Japan Virtual and Crypto Assets Exchange Association (JVCEA),…

AI-generated news anchors to present personalized reports on Channel 1 AI in 2024
The media company “Channel 1 AI” is rolling out a brand new newsroom in 2024, but with a catch - it’s powered by generative artificial intelligence (AI) and manned by AI-generated news anchors who will deliver personalized AI-generated content. On Dec. 12, the channel released a teaser video of its upcoming segments on the social media

Bakkt investors file class-action lawsuit after loss of Webull, BoA contracts
The lawsuit against Bakkt alleged investor losses in part due to the company misrepresentating "revenue was substantially dependent on a single contract with Webull." A group of investors with cryptocurrency custody and trading firm Bakkt Holdings filed a class-action lawsuit alleging false or misleading statements and a failure to disclose certain information. Lead plaintiff Guy