News
Net Bitcoin ATMs record an increase after 4 months of global downtrend
In the first four months of 2023, the net crypto ATMs worldwide declined by 5,850. In May, however, 1,397 machines were added back to the global crypto ATM network. Breaking the year-long trend of declining Bitcoin (BTC) and crypto ATMs across the globe, May recorded...
AI trends at all-time high on Google but Bitcoin still did it better
Google Trends data reveals that even though AI is the talk of the town, it still pales in comparison to Bitcoin in 2017. In China, it's a completely different story. Global search interest for the term “AI” has reached a new all-time high on Google, though it’s yet to...
Missing ‘Bitcoin Millionaire’ and ONFO coin co-creator found dead: Report
The body of Dr. John Forsyth has been found following a week-long search but police reportedly said foul play did not appear to be a factor. The co-founder of referral-based crypto project ONFO coin who went missing in Missouri on May 21, has been found dead around a...
Could Ben.eth’s PSYOP tokens face legal scrutiny? It depends, say lawyers
Michael Kanovitz, a lawyer threatening to file a class action against Ben.eth, says the PSYOP scheme bear similarities to cases that have seen SEC enforcement. Ben.eth, the pseudo-anonymous memecoin creator behind at least three controversial token launches in recent...
Temasek slashes compensation for execs responsible for its $275M FTX investment
While “no misconduct” was determined by Temasek’s internal review, staff involved with the FTX investment will see a dent in their pay package. Singapore investment firm Temasek Holdings has reduced compensation for the execs responsible for the firm’s investment into...
Biden reaches ‘tentative’ U.S. debt ceiling deal: Report
United States President Joe Biden has urged both the United States House and Senate to "pass the agreement right away." Amid growing concerns of a potential default by early June, the United States President Joe Biden and Republican Kevin McCarthy have reportedly...
JPMorgan Chase enters generative AI race with IndexGPT trademark
JPMorgan's ChatGPT rival, IndexGPT, will be used across various business units, including advertising, business consulting and various finance-focused software as a service (SAAS) services among others. Finserv giant JPMorgan Chase filed a trademark application for...
Crypto hacks falling in Q1 is but a ‘temporary reprieve’ — Blockchain firm
It was warned that the amount stolen in Q1 2023 mirrors Q2 2022, which was followed by a “record setting number of hacks.” The crypto community is being urged not to let their guard down despite a significant decline in crypto hacks during the first quarter of 2023 —...
Attacker hijacks Tornado Cash governance via malicious proposal
The total control over Tornado Cash governance allows the attacker to withdraw all of the locked votes, drain all of the tokens in the governance contract and brick the router. Adding to the existing roadblocks of the decentralized crypto mixer Tornado Cash, an...
Strike moves global headquarters to El Salvador, expands to 65 countries
According to Strike CEO Jack Mallers, the expansion drive aims to counter the “clouded world of crypto exchanges and hidden, unregistered licensing regimes and 1,000 different coins.” Strike, a Chicago-based Bitcoin (BTC) payment provider, expanded its services to 65...