Hong Kong securities regulator warns unlicensed virtual asset trading platforms may face steep fines, imprisonment

The Hong Kong Securities and Futures Commission (SFC) issued a warning on Monday, Aug. 7, to virtual asset trading platforms (VATPs) involved in what it practices, emphasizing the potential legal and regulatory... Read more »

MakerDAO DAI supply gains $200M as interest rate surges to 8%

MakerDAO DAI‘s stablecoin supply increased by $200 million after its interest rate increased by 8% for holders depositing into the protocol. On Aug. 6, MakerDAO’s founder Rune Christensen revealed that Dai Savings... Read more »

OPNX submits bid to takeover troubled Singapore-based crypto lender Hodlnaut

Open Exchange (OPNX), a platform for crypto claims trading, has submitted an offer to take over troubled crypto lender Hodlnaut, Bloomberg reported on August 6. Hodlnaut filed for bankruptcy protection last August... Read more »

PoS layer 1 protocols must make 3 ESG changes to improve the user experience

The following is an op-ed by Maria Eisner, the ESG & Sustainability Lead at Concordium. As Web3 strives for mass adoption, layer 1 protocols should treat users – especially their developers –... Read more »

Curve attacker begins to return stolen funds after bounty issued

The attacker who targeted Curve Finance, a decentralized finance (DeFi) protocol, has begun returning some of the stolen funds. The attacker sent 4,821 Ethereum (ETH), worth approximately $9 million, in a series... Read more »

Former Celsius CEO Alex Mashinsky loses motion to dismiss civil fraud lawsuit

Alex Mashinsky failed to get the civil lawsuit brought against him by New York Attorney General Letitia James thrown out in court on August 4. A Manhattan state court judge gave the... Read more »

Tim Cook says AI, machine learning are part of ‘virtually every product’ Apple is building

In a recent quarterly earnings call on Aug. 3, Apple CEO Tim Cook emphasized the company’s extensive use of artificial intelligence (AI), a technology dramatically reshaping the tech industry. Cook said during... Read more »

Matter Labs CEO dismisses Polygon Zero claims of zkSync plagiarism

Matter Labs CEO Alex Gluchowski described Polygon Zero’s allegation that zkSync copied their code without proper attribution as “unfounded, misleading, and extremely disappointing,” according to an Aug. 4 post on X, formerly... Read more »

New York Times objects to gag order on Sam Bankman-Fried leading up to trial

On Aug. 3, the New York Times raised objections against interim and potential future gag orders imposed on Sam Bankman-Fried, the former CEO of FTX, who is charged with multiple felonies in... Read more »

Social media bots suspected in possible FTX crypto price manipulation, reveals report

A new report by the Network Contagion Research Institute (NCRI) suggests that social media activity, especially from inauthentic accounts, may have significantly amplified the value of certain cryptocurrencies listed on the now-defunct... Read more »