Everything web3, crypto, defi, degen
In brief Coinbase has launched a new feature for developers. It will allow builders to include crypto wallets into their apps. The exchange said the feature will be well-suited to stablecoin-related apps. Crypto exchange Coinbase has debuted a feature for developers so they can easily build self-custodial wallets into their apps. Dubbed the Embedded Wallets software,…
In brief Bitcoin and Ethereum ETFs have experienced $1.9 billion in net outflows over a three-day period. Despite the outflows, analysts are unfazed and see potential inflow catalysts in the near future. Bitcoin and Ethereum have dropped 3.6% and 5.2% respectively over the course of the last week. Bitcoin and Ethereum exchange-traded funds have experienced…
In brief A UK police force has received a $665,000 (£500,000) windfall after seized Bitcoin soared in value. Thieves had converted stolen money into Bitcoin before it rose in value—but British law prevents victims from being overpaid. Lancashire Police will allocate the money to a special crime-fighting fund. “Crime doesn’t pay,” the old saying goes,…
In brief North Korean hackers have used fake IT job offers to breach cloud systems and steal millions in crypto, Google and Wiz found. The TraderTraitor campaign has evolved since 2020 to target crypto firms with malware and AI-generated lures. The groups have stolen $1.6 billion in crypto this year and continue to scale their…
In brief Cloudflare accused Perplexity AI of using “stealth crawlers” to evade bans, rotating IP addresses and mimicking regular browsers to access blocked websites. Cloudflare delisted Perplexity from its verified bots program and deployed new technical defenses to catch and block deceptive scraping. Perplexity denies the claims, calling Cloudflare’s evidence a “sales pitch” and disputing…
In brief Top U.S. companies like Coinbase and PayPal have recently doubled down on offering customers 3% to 5% rewards on stablecoin desposits. The GENIUS Act, passed last month, prohibits stablecoin issuers from offering yield to holders. But Coinbase no longer issues USDC, and PayPal lets a third-party company issue its native PayPal stablecoin, permitting…
In brief The agent uses a “Proof of Attribution” system to make its decisions transparent and fully auditable. Unlike most AI crypto tools, this agent won’t act unless its data sources are verified and traceable. The rollout starts in 60 days, aiming to make AI in crypto safer, and trustworthy. While most crypto bots rush…
In brief Municipal workers in Lugano recovered the vandalized Satoshi Nakamoto statue from Lake Lugano on Monday after it was stolen and thrown into the water over the weekend. Artist collective Satoshigallery offered 0.1 Bitcoin (over $11,000) for the statue’s recovery, vowing to continue their global mission despite the vandalism. The Lugano installation is part…
In brief 17-year-old Nathan Smith made ChatGPT help him pick micro stocks and documented his open-source AI experiment on Substack and GitHub. Wall Street firms are quietly rolling out their own AI copilots, but experts warn: bots are fast, but not always wise. Generally speaking, AI agents and chatbots are better at fundamental analysis than…
In brief Academic research points to a number of factors influencing Bitcoin’s value. They encompass programmed scarcity, network effects, and cost of production. Studies have also found that sentiment and belief play an outsized role in determining the value of Bitcoin. Professor Andrew Urquhart is Professor of Finance and Financial Technology and Head of the…
