Tesla Reveals More Information About Robotaxi Ride-hailing App
Elon Musk, CEO of electric vehicle manufacturer Tesla, and the company unveiled new information regarding its long-awaited robotaxi ride-hailing service on Tuesday. A rider could request a vehicle, adjust the interior temperature, determine the vehicle’s location, and select audio during a pre-launch version of the ride-hailing application that the company unveiled during an earnings presentation […]
‘Sybil Attacks’ Target Cryptocurrency Airdrops Projects
Several cryptocurrency projects have experienced an increase in “Sybil attacks,” or “fake farm accounts,” following increased prices. These fraudulent accounts generate fabricated network activity to acquire the most significant number of tokens possible during airdrop events, which have grown substantially profitable. “We have recently banned around 2,000 users who we suspect were farming Degen,” the […]
Advisers Invest $40M in Fidelity Bitcoin ETF
Fidelity’s Bitcoin exchange-traded fund (ETF) has received $40 million in a single investment from two financial advisers, making it the largest investment in a Bitcoin fund. Financial advisers United Capital Management of Kansas and Legacy Wealth Management have recently invested $20 million in Fidelity Wise Origin Bitcoin Fund (FBTC) shares, becoming the fund’s top shareholders, per Bloomberg […]
SEC Delays Franklin Templeton Spot Ether ETF
The US Securities and Exchange Commission (SEC) has delayed the decision regarding Franklin Templeton’s application for a spot Ether exchange-traded fund (ETF). The Securities and Exchange Commission (SEC) announced on April 23 that it had extended the period for comments on a proposed rule change that would permit the Cboe BZX Exchange to list and […]
Crypto.com’s Launch in South Korea Faces Regulatory Delay
Crypto.com’s South Korean launch will be delayed due to anomalies in the platform’s money laundering data, as regulators have identified. Crypto.com’s data contained Anti-Money Laundering (AML) vulnerabilities, prompting South Korean authorities to conduct an “emergency on-site inspection” to oversee the cryptocurrency exchange’s activities. A Financial Services Commission (FSC) representative informed the local publication Segye Ilbo: […]