Market
Exchanges
South Korean UPbit counters 1,800% surge in hacking attempts with AI-driven security measures
UPbit has introduced an artificial intelligence-backed Fraud Detection System (FDS) that would help it prevent financial fraud.
Regulation
HTX, KuCoin among exchanges on UK’s FCA unauthorized operators list
The regulator stated that all financial firms serving UK customers must be authorized or registered with it.
Legal
Sam Bankman-Fried Trial: DOJ forbids SBF from highlighting Anthropic investment in defense
The value of SBF's $500 million investment in Anthropic could jump to more than $4 billion if the AI company secures new funding.
Bankruptcy
CFTC weighing charges against ex-Voyager Digital CEO Stephen Ehrlich
The CFTC determined that Ehrlich violated derivatives regulations before the company's bankruptcy.
Technology
Charles Hoskinson defends Hydra as Cardano DeFi thrives
Despite recent concerns within the Cardano community, decentralized finance (DeFi) activity on the network continues to thrive.
AI
OpenAI gears up to combat AI chip shortages by exploring in-house production
OpenAI ChatGPT relies heavily on AI chips for their operations.
DeFi
THORSwap moves to ‘maintenance mode’ to halt proliferation of unlawful transactions
Cryptocurrency researcher Tayvano reported that more than 50% of the Ethereum moved through the THORSwap router during the last four months were stolen funds.
Legal
SEC initiates legal action against Elon Musk over Twitter stock disclosures
The regulator said the billionare failed to honor a subpoena that has been served since May.
Bankruptcy
FTX backdoor reportedly discovered by US-based employees: WSJ
Alameda Research's former CEO Caroline Ellison is said to have confirmed knowledge of the use of customer funds.
DeFi
Solana DeFi ecosystem rallies amid strong headwinds
Solana's ecosystem is enjoying notable growth this year, scoring adoptions from Visa, Shopify, and other major traditional institutions.
Technology
Friend.Tech bolsters security as more users report SIM-swap attacks
ZachXBT said four Friend.Tech users lost $385,000 to SIM-swap attacks.
Bankruptcy
FTX creditors hope Google’s potential $2B investment in Anthropic will boost recovery prospects
Anthropic, in which FTX and Alameda Research invested a combined $500M, could see a $30 billion valuation if it secures new investments from Google.