AI deepfakes make trust crypto’s scarcest asset. Proof-of-humanity can become the currency powering finance, governance and markets in the imitation economy. Opinion by: Kirill Avery, founder and CEO of Alien AI-generated voices are already being used in ransom scams. Synthetic agents now trade, vote and interact on blockchain networks. In this environment, the greatest threat...Continue Reading

An Australian court ordered Binance Australia Derivatives to pay $6.9 million after misclassifying retail clients and exposing them to high-risk crypto products. The Federal Court of Australia has ordered Oztures Trading Pty Ltd, trading as Binance Australia Derivatives, to pay a 10 million Australian dollar ($6.9 million) penalty after the company admitted to misclassifying more...Continue Reading

US Bitcoin ETFs saw significant outflows of $171 million on Thursday as market participants feared another weekend escalation in the US-Israel conflict with Iran. US spot Bitcoin exchange-traded funds (ETFs) logged $171 million in outflows on Thursday, their biggest day of redemptions since March 3, when they posted $348 million in outflows.  BlackRock’s iShares Bitcoin...Continue Reading

Vietnam detained ONUS-linked suspects in an alleged token fraud case as police described price manipulation, false promotions and centralized market control. Vietnamese authorities have detained multiple ONUS-linked suspects after alleging they used false promotions and manipulated token trading to misappropriate investor funds through the crypto platform. The Ministry of Public Security said Thursday that the...Continue Reading

Tether has reportedly hired KPMG for its first full independent audit of USDT’s reserves and brought in PwC to help, as the stablecoin giant eyes a multibillion-dollar equity raise. The Financial Times reported Friday that Tether has hired KPMG to conduct its first full audit of USDT’s financial statements and brought in PwC to help...Continue Reading

Not all whales have been accumulating; two moved tens of millions of dollars to exchanges on March 19 as Bitcoin fell amid an escalation of the Iran conflict. Large Bitcoin holders accumulated 61,568 more Bitcoin over the past month against the backdrop of escalating conflict in the Middle East and macroeconomic uncertainty.  Whales and sharks,...Continue Reading

It’s estimated that Xinbi processed more than $19.9 billion in illicit flows between 2021 and 2025 and that the platform is deeply interconnected with a range of other illicit services. The UK government is cracking down on a $20 billion Chinese-language crypto guarantee marketplace, with sweeping sanctions aimed at cutting the platform off from crypto...Continue Reading

The bill proposes to prohibit government officials from using insider information to bet on prediction market contracts, with fines up to double the amount of profits. US lawmakers have introduced a second bill this week aimed at curbing prediction market insider trading by government officials, amid growing concerns over such activity on major platforms such...Continue Reading

Kalshi has already listed specific markets that ARK Invest is interested in, such as non-farm payroll markets and deficit-to-GDP (gross domestic product) ratio markets. Tech-focused asset manager ARK Invest said it will start using Kalshi’s prediction market data to improve how it makes its investment decisions, one of the latest cases demonstrating the broader value...Continue Reading

Judge Rita Lin said it was not until Anthropic raised concerns about how its technology could be used that the US government announced a plan to “cripple Anthropic.” A US federal judge in San Francisco has granted Anthropic’s request for temporary reprieve after the Pentagon’s designation of the company as a supply chain risk. In...Continue Reading