Yang Bin, former Forbes-ranked second-richest man in China, was sentenced to six years in prison in Singapore on 26 August for running a crypto Ponzi scheme that caused over $5 million in losses.
KikyoRussia is set to begin trials on 1 September 2024, to test cryptocurrency exchanges and digital token payments using its National Payment Card System. This initiative follows recent legislation legalising crypto mining and aims to address payment difficulties exacerbated by international sanctions.
AnaisViggle AI, which turns static images into animated videos, just secured $19 million in Series A funding led by Andreessen Horowitz (a16z) and Two Small Fish. The funds will drive its growth and innovation, while the company's use of YouTube data has sparked legal concerns.
JoyMeta CEO Mark Zuckerberg revealed that Facebook faced pressure from the Biden administration to censor COVID-19 content during the pandemic—a decision he now regrets. His admission has prompted varied reactions on X, highlighting a sense of missed opportunities.
CatherineGold surpassed $2,500 to reach a new all-time high, but it is still not close to the adjusted price that gold traded at in 1980. The safe-haven market is facing an innovation, and Bitcoin is no longer considered such an asset.
AlexPixelverse is launching the "Black Puma" NFT collection on the TON blockchain, featuring unique bot avatars with special skills and rewards. Early adopters and those completing tasks in the Pixelverse Dashboard and PixelTap have a higher chance of obtaining rare Black Puma bots.
WeatherlyCoinbase, following past outages, has introduced a new machine learning model to predict traffic spikes and scale resources automatically, aiming to prevent crashes during volatile market conditions. Its effectiveness will be tested in future fluctuations.
KikyoSingapore is emerging as a key hub for Bitcoin, driven by favourable regulations, rising digital literacy, and growing awareness of DeFi.
CatherineMeta is scaling back its high-end metaverse projects due to significant financial losses, including scrapping the La Jolla mixed-reality headset. Instead, the company will focus on more affordable VR devices like the Quest 3S and upcoming Orion AR glasses, aiming to make its technology more accessible.
AnaisThe TON Society has called on French authorities to release Telegram CEO Pavel Durov, denouncing his imprisonment as a violation of human rights and free speech. The letter also urges tech companies to resist state censorship, while crypto leaders worry about the broader impact on the digital asset landscape.
Catherine