Market
Crime
FBI charges Zort founder with bribing LA sheriffs to extort victims
The FBI affidavit reveals that Iza allegedly used fake warrants and intimidation tactics to exploit his victims.
AI
South Korea levies $860K fine on Worldcoin for compliance failures related to data collection
Worldcoin and Tools for Humanity, which operates WorldApp, violated several provisions of the country's Personal Information Protection Act.
Exchanges
WazirX granted 4-month $230 million debt repayment extension by Singapore court
WazirX co-founder Nischal Shetty said the exchange will use the time to focus on ‘resolution, recovery and restructuring.’
Adoption
UAE’s clear regulations have fostered a balanced, diversified crypto ecosystem – Chainalysis
With the establishment of Dubai's VARA in 2022, UAE has snagged the global spotlight, attracting crypto businesses and talents.
Crypto
BlackRock’s head of digital assets says Bitcoin is risky, but still a ‘risk-off’ asset
BlackRock exec Robbie Mitchnick believes that the long-term drivers of Bitcoin are significantly different from that of risk-on assets.
Adoption
Crypto custody is a growing market that could flourish if Trump wins
The risks associated with safeguarding crypto make it 10 times more costlier than traditional asset custody, but it also leaves room for business growth.
Adoption
Circle CEO claims US is on the path to becoming the “decisive leader” in crypto
Announcing that Circle is relocating its headquarters to New York, CEO Jeremy Allaire said that 2025 will be the year that stablecoins go mainstream.
Technology
Musk denies that Tesla will license xAI’s technology in exchange for revenue-sharing
Musk refuted the WSJ article, claiming that xAI’s models are far too big to run on Tesla cars.
Legal
Coinbase scores partial victory in legal battle against the SEC
The federal order could lead to Coinbase getting its hands on crucial documents related to the application of the Howey Test to crypto tokens by the SEC.
AI
Coinbase conducts its first AI-to-AI crypto transaction
In the transaction, an AI bot used crypto tokens to purchase AI tokens from another bot.
Technology
X goes dark in Brazil as tensions between Musk and Judge escalate
Social media platform X was banned in Brazil after Musk refused to comply with court orders.
Legal
Thailand authorities raid illegal mining operation west of Bangkok
The authorities conducted the raid, in which no arrests were made, after receiving several complaints of frequent power outages in the area.