Ponzi vs. pyramid schemes: What’s the difference?
Ponzi schemes promise returns generated from the money of future investors, while in pyramid schemes,…
Year: 2023
SWIFT enrolls 3 central banks in CBDC interoperability beta test, expands sandbox
The bank messaging network has seen a dramatic increase in processing speed and is developing…
Alibaba launches its ChatGPT-like AI model for public use amid loosening restrictions in China
The launch comes just weeks after Chinese authorities began accepting applications for public-facing AI systems….
EU parliament votes overwhelmingly in support of DAC8 crypto tax reporting rule
The measure received 535 votes for with 57 against and 60 abstentions in a plenary…
Cosmos Hub upgrades to offer liquid staking
The upgrade introduces a liquid staking module, eliminating a 21-day locking period applied for unstaked…
Court approves sale of FTX digital assets
Assets will be sold off weekly, with special handling for BTC, ETH and “insider-affiliated tokens.”…
Paxos confirms it’s responsible for $500K mistaken Bitcoin transaction
The account that paid $500,000 to move $2,000 worth of Bitcoin was a Paxos server,…
Google to allow NFT game ads, metaverse ‘hot’ in Asia: Nifty Newsletter
Google will allow NFT game advertisements that do not have any gambling or gambling services…
Ripple says security incident accelerated its acquisition of Fortress Trust
A multimillion-dollar security breach involving a third-party vendor hastened Ripple’s acquisition of Fortress Trust on…
Bitcoin at $25K: Discount or disaster?
This week, The Market Report discusses Bitcoin’s recent dip below $25,000 and what it means…
Huobi’s new name, HTX, raises community eyebrows
The name HTX represents the exchange, the blockchain project Tron and the company’s 10th anniversary….
Gemini Earn users could recover all funds in new DCG remuneration scheme
DCG suggests a new deal in Genesis bankruptcy, offering unsecured creditors 70%–90% baseline recovery; if…
Grammy CEO clarifies AI Drake song ineligible for award over copyright issues
The Record Academy executive clearly stated that the track is “not eligible” and cited that…
Sam Bankman-Fried’s Upcoming Trial: All About the FTX Founder’s Court Case
FTX, once a major cryptocurrency exchange, collapsed in November 2022 following financial misconduct between the…
Are DAOs overhyped and unworkable? Lessons from the front lines
Many contend that DAOs have failed to deliver on their promises, but developers are coming…
