The Shiba Inu project has opted to secure insurance coverage amounting to $2 million to address potential fund retrieval challenges upon the restart of Shibarium. Shiba Inu’s Layer-2 Shibarium network has resumed block production following a nearly day-long transaction pause. As per Shibariumscan.io block explorer, Shiba Inu’s layer-2 blockchain Shibarium (SHIB) has reactivated and is...Continue Reading

A community member has argued that FTX’s BIT tokens should not be automatically converted because of disqualifying factors. A community member started a discussion among participants in the Mantle decentralized autonomous organization (DAO), proposing to restrict the collapsed FTX exchange and Alameda Research from converting their BitDAO (BIT) tokens worth $43 million to Mantle (MNT)...Continue Reading

The company provides two enterprise chatbot solutions, Cogent and Cora, which are tailored for diverse applications. David Ferrucci, the artificial intelligence (AI) researcher who led the team behind IBM Watson’s development, has successfully raised nearly $60 million for his Elemental Cognition AI startup. According to a submission on Aug. 17, the company has finalized equity sales amounting...Continue Reading

Solana-based Cypher Protocol has managed to stop around $600,000 of stolen funds from exiting various centralized exchanges. Solana-based decentralized futures exchange Cypher Protocol has managed to freeze $600,000 worth of crypto stolen from an Aug. 7 security exploit. In an X (Twitter) post on Aug. 18, Cypher Protocol reported that more than half of the...Continue Reading

OpenSea’s royalty enforcement tool Operator Filter is going to be turned off, according to the NFT marketplace’s founder and CEO, Devin Finzer. Nonfungible token (NFT) marketplace OpenSea is sunsetting its on-chain royalty enforcement tool — Operator Filter — that allows creators to blacklist NFT marketplaces that don’t enforce royalties. The change is set to take...Continue Reading

Melbourne-based crypto lender Helio Lending had previously pleaded guilty to falsely claiming it had an Australian credit license. Australia-based crypto lender Helio Lending has been sentenced to a non-conviction good behavior bond for a year for falsely claiming it had a local credit license. On Aug. 17, the Australian Securities and Investments Commission (ASIC) said...Continue Reading

The SEC seeks to question Daniel Shin on Do Kwon and Chai Corporation’s relationship with Terraform Labs. The United States Securities and Exchange Commission has been granted a motion to seek assistance from South Korea to question Terraform Labs co-founder Daniel Shin — as it builds its case against the firm and co-founder Do Kwon. ...Continue Reading

The price of Bitcoin fell around 8% in just 10 minutes on Aug. 17, down to levels not seen since June 20. The price of Bitcoin (BTC) fell around 8% in a span of 10 minutes, causing the cryptocurrency to dip well under $26,000, before partially recovering. BTC was hovering around $27,677 on Aug. 17 at...Continue Reading

The United States Securities and Exchange Commission isn’t likely to block the debut of Ethereum futures ETFs, according to sources. The price of Ether (ETH) surged around 11% to $1,700 following news that the United States Securities and Exchange Commission is set to allow the first exchange-traded funds (ETFs) based on Ether Futures. According to an...Continue Reading

Sources reveal the real reason China is ramping up efforts to stamp out Bitcoin and crypto. And a year’s worth of 3AC court orders nixed. Our weekly roundup of news from East Asia curates the industrys most important developments. On Aug. 11, a Chinese individual known only as Mr. Chen was sentenced to nine months...Continue Reading