Everything web3, crypto, defi, degen
In brief The Federal Reserve had kept interest rates unchanged since last December. U.S. President Donald Trump has been hammering the Fed to cut rates. Crypto and other assets typically benefit from rate cuts that increase financial liquidity. The U.S. central bank, as widely expected, cut the federal funds rate by 0.25% Wednesday, amid recent…
In brief The couple raised funds from nearly 600 investors through INDXcoin and Sumcoin. Judge Heidi Kutcher found the tokens misrepresented as safe despite audit failures and no market value. A July grand jury indictment separately charged the Regalados with 40 felonies that could bring prison time. A Colorado court has entered judgment against a…
In brief Markets are expecting the Federal Reserve to cut interest rates on Wednesday. The price of Bitcoin has risen this week but some analysts aren’t expecting the asset to rise on the announcement. Instead, traders will be paying attention to Fed Chair Jerome Powell’s comments after the decision, analysts told Decrypt. Bitcoin has typically…
In brief DeepMind warns AI agent economies may emerge spontaneously and disrupt markets. Risks include systemic crashes, monopolization, and widening inequality. Researchers urge proactive design: fairness, auctions, and “mission economies.” Without urgent intervention, we’re on the verge of creating a dystopian future run by invisible, autonomous AI economies that will amplify inequality and systemic risk.…
In brief The U.S. conducted two recent strikes on alleged Venezuelan drug trafficking vessels, killing 14 people total and escalating tensions with President Maduro. Bitcoin remains relatively stable at $115,018 despite the geopolitical turmoil, though analysts warn traders to monitor resistance and support levels closely. Prediction markets show 90% of traders expect a 25-basis point…
In brief Google’s Gemini to #1 in app downloads this month and Search interests this week. This is the first time Gemini app dethrones ChatGPT. This also helped boost Google’s valuation to beat $3 trillion, just behind Nvidia, Apple and Microsoft. Google’s Gemini app hit the top of the Apple App Store on September 15,…
In brief Nathan Fuller was denied bankruptcy discharge after admitting to running a crypto Ponzi scheme through Privvy Investments LLC. Fuller spent investor funds on luxury goods, gambling trips, and a nearly $1M home for his ex-wife. Legal experts say the ruling shows bankruptcy won’t shield crypto fraudsters, though full recovery remains unlikely. A Texas…
In brief AI could speed up “Q-Day,” when quantum computers break today’s encryption—threatening crypto, cybersecurity, and global finance. Experts warn “Q-Day” may hit by 2030, as AI accelerates quantum advances that could crack RSA, ECC, and the backbone of blockchain security. Quantum + AI may soon outpace current encryption, raising urgent risks for crypto, banks,…
In brief Washington, D.C., Attorney General Brian L. Schwalb accused ATM operator Athena Bitcoin of ignoring scams targeting elderly residents. The firm faces two counts of violating the Consumer Protection Procedures Act through deceptive and unfair trade practices. The firm operates 4,100 Bitcoin ATMs in five countries. Washington, D.C., Attorney General Brian L. Schwalb unveiled…
In brief Porsche will unveil its 11 kW wireless charging system in Munich next week, the automaker said Thursday. Wireless charging will be offered in Europe from 2026, with global markets to follow. A floor pad transfers power to a receiver under the SUV; efficiency is ~90%, comparable to plug-in charging. Porsche will unveil its…
