A man jailed for a major crypto theft has had his prison sentence raised to 12 years after refusing to return any of the stolen funds. The judge criticised him for living in luxury without paying back the $20 million he owes.
WeatherlyBank of America has launched a new research series called On Chain to explore blockchain, stablecoins, and tokenised assets. The bank sees Ethereum and companies like Stripe as key to the future of digital finance and payment systems.
WeatherlyA male law student at the University of Hong Kong created over 700 fake pornographic AI images of women he knew, using their social media photos without consent. The university only gave him a warning, leading to public anger and calls for stronger action and legal reform.
AnaisAn AI-generated band called Velvet Sundown tricked millions of Spotify users into thinking it was a real folk-rock group. The creators later admitted it was an art project using AI tools, sparking debate over music transparency and platform rules.
WeatherlyCoinbase’s stock hit a record high as Bitcoin surged, pushing its market value above $100 billion. The jump was driven by growing investor confidence, political support for crypto, and strong earnings from stablecoin services.
AnaisStandard Chartered has started offering bitcoin and ether spot trading directly to institutional clients through its UK branch. This makes it the first major global bank to provide regulated crypto trading using existing foreign exchange systems.
WeatherlyU.S. regulators have closed their investigations into Polymarket without filing any charges, despite earlier concerns over unregistered trading during the 2024 election. This marks a major turnaround after an FBI raid and a previous fine, raising questions about changing enforcement under the current administration.
AnaisChina SanSan Media plans to apply for a stablecoin licence in Hong Kong ahead of new rules starting on 1 August. The company aims to use stablecoins to improve retail payments and reduce costs.
WeatherlyVitalik Buterin urged developers to simplify Ethereum Layer 2 networks by using Ethereum’s base layer for security and consensus. He said projects should stop rebuilding features Ethereum already provides and focus only on processing and verifying transactions.
WeatherlyKing, the maker of Candy Crush, laid off around 200 staff after using AI tools—built by its own teams—to replace roles in design, writing, and research. Many employees were shocked as the tools they developed ended up taking over their jobs.
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