Cryptopolitan
33213 Articles
Founded in 2018, Cryptopolitan has grown from a popular blog into a trusted source of news and analysis for millions of readers worldwide. Over the years, we have expanded our coverage to include a wide range of topics, from market trends and technological innovations to regulatory changes and industry events.
Our team includes seasoned journalists, industry experts, and passionate crypto enthusiasts who are committed to delivering high-quality news.
Cryptopolitan is continuously expanding its network and offerings to reach a global audience across the cryptocurrency, AI, gaming, blockchain and web3 markets.
DOJ warns prosecutors of weaker Binance help, rattling global crypto enforcement
Binance, which makes up about 39% of the overall spot trading volume for cryptocurrencies in the month of May, may become harder for investigators to depend on in the near future. The Information, which looked over an internal memo from the US Department of Justice (DOJ), stated that prosecutors dealing with cases regarding cryptocurrency were...
Thu, Jul 9
China’s ChangXin launches $4.3B memory IPO into an AI-driven chip boom
ChangXin Memory Technologies (CXMT) is about to open subscription for its Shanghai IPO worth about 29.5 billion yuan (approximately 4.33 billion dollars) on July 16. This is significant not only because CXMT is the largest DRAM producer in China, but also because investors can use this event to evaluate the potential of the company in...
Thu, Jul 9
Kalshi loses New York court battle as Google bans prediction market extensions
Kalshi has lost another round in court. A federal judge has turned down the company’s request to stop New York from applying its gambling laws to the prediction markets platform. U.S. District Judge Analisa Torres in Manhattan issued the ruling on Tuesday. She said Kalshi was not entitled to a preliminary injunction. She reasoned that...
Thu, Jul 9
Democrat Wyden sides with crypto industry over BRCA as it becomes Clarity Act's make-or-break fight
Sen. Ron Wyden, the Oregon Democrat sent a letter this week to Senate Majority Leader John Thune and Senate Democratic Leader Charles Schumer. His ask: keep Section 604 in future drafts of the Clarity Act. The disputed section is the Blockchain Regulatory Certainty Act, known as BRCA. BRCA began as its own bill. It later...
Thu, Jul 9
OpenAI rolls out full-duplex GPT-Live voice to ChatGPT consumer users
OpenAI began rolling out a rebuilt voice mode to ChatGPT consumer users on Wednesday, replacing Advanced Voice Mode with two models, GPT-Live-1 and GPT-Live-1 mini, that can hear a user and respond at the same time. The update will be made available to free and paid consumer accounts and comes one day prior to the launch of...
Thu, Jul 9
Meta to build $13 billion AI data center in Alberta, its first in Canada
Meta will build a 1-gigawatt AI data center in Sturgeon County, Alberta, the company’s first in Canada and, by its own account, its largest outside the United States. Meta puts the investment at more than CAD $13 billion, or roughly $9.2 billion in US dollars. The company confirmed the project on Wednesday, July 8, at...
Wed, Jul 8
Mistral AI to launch robotic model in physical AI push
AI company Mistral AI unveiled an 8-billion-parameter model, called Robostral Navigate, that steers robots with a single camera on Wednesday, marking the French company’s first move into physical A. The launch is intended to challenge the sensor-heavy navigation systems used across warehouses and factories. Mistral AI builds novel navigation system with AI The Paris-based startup,...
Wed, Jul 8
Ethereum flashes rare death cross as Bitcoin hovers around $62K
The 50-week moving average of Ethereum crossed below the 200-week average, creating a “death cross.” This is seen as a long-term bearish indicator. Meanwhile, Bitcoin is struggling to stay above $62,000 after being unable to break through the $64,000 to $65,000 resistance area. Such a pattern matters for the retail investors who flocked into crypto...
Wed, Jul 8
Perpetuals.com explores buying Trump-linked AI Financial's Canadian unit
Perpetuals.com Ltd (Nasdaq: PDC) has signed a non-binding term sheet to explore buying the Trump-linked fintech, Alt5 Sigma Canada, Inc. The fintech company was known as ALT5 Sigma Corporation until April. If the deal closes, it could be worth up to $15 million and function as a lifeline for the company that has warned it...
Wed, Jul 8
BofA grants OpenAI $520 million loan,ahead of IPO
The Bank of America has offered a $520 million credit line to OpenAI, with the ChatGPT maker preparing to go public in an IPO. This move pulls one of Wall Street’s largest institutions deeper into the business of financing AI. This hands the Bank of America a foothold in what could become one of the...
Wed, Jul 8
Malaysia raids lead to seizure of 75,578 crypto mining rigs
Malaysian police have arrested 629 people and taken back 75,578 crypto mining machines in more than 3,000 raids since 2022.
Wed, Jul 8
States split $45M fraud settlement from Cash App parent company Block
Block (NYSE: XYZ) agreed to pay $45 million and rebuild Cash App’s fraud protections to settle claims from 46 state attorneys general that it misled users about the app’s safety and abandoned fraud victims, the coalition announced Wednesday. The bipartisan group, led by Oregon and Texas, said the payments company assured Cash App’s 56 million-plus...
Wed, Jul 8
Texans lost $56.8 million to crypto kiosk scams in a year
About 1,200 people in Texas lost a total of $56.8 million last year to scams that used cryptocurrency kiosks.
Wed, Jul 8
Scammers use Cristiano Ronaldo's face to promote a crypto scam
A video has been circulating since early July, using fake audio to make Cristiano Ronaldo appear to endorse a crypto token called USWR.
Wed, Jul 8
Meta’s Muse Image pulls public Instagram photos into AI unless users opt out
On July 7, Meta unveiled Muse Image, which is the first independent image generation model from Meta Superintelligence Labs (MSL). The new image generation capabilities are already incorporated into the Meta AI app, Instagram, and WhatsApp. Facebook and Messenger will gain the same feature in the coming weeks. Interestingly, a new default setting will enable...
Wed, Jul 8
KOR Protocol secures $7.5M from 1kx and Blockchain Capital to build AI-era IP infrastructure
Crypto capital is renewing its commitment to the complex relationship between AI and intellectual property. KOR Protocol has announced that it acquired $7.5 million in Series A financing led by 1kx and Blockchain Capital with a valuation of $100 million. It is working on creating an on-chain platform that will be used for registering creative...
Wed, Jul 8
CFTC charges North Carolina man over $14 million crypto fraud
U.S. Federal regulator, CFTC, has accused a North Carolina man of running a Ponzi-like scheme for almost four years, collecting more than $14 million from about 60 investors, some of whom trusted him with a large share of their savings. The Commodity Futures Trading Commission filed the civil complaint on Tuesday, according to a CFTC...
Wed, Jul 8
B.C. attorney general moves to sue OpenAI over the Tumbler Ridge school shooting
The province of British Columbia has engaged lawyers from both Vancouver and California to take legal action against OpenAI in connection with the Tumbler Ridge mass shooting on February 10 in which eight people were killed. Niki Sharma, attorney general of B.C., confirmed this during a news conference in Vancouver on July 7th, identifying CFM...
Tue, Jul 7
Onsemi to sell two chipmaking plants to cut production costs amid selloff
Onsemi (ON Semiconductor) has agreed to sell two of its manufacturing facilities as part of a broader effort to reduce operating costs and improve gross margins, the chipmaker announced on Tuesday. The company expects the sales to generate approximately $35 million in annual cost savings. Production plant sales on different timescales Onsemi plans to sell...
Tue, Jul 7
Payward asks Delaware court to enforce $22M award against Kraken's ex-auditor
Payward, the parent company of crypto exchange Kraken, has asked the Delaware Court of Chancery to enter final judgment against Mazars USA, moving to collect a $22 million arbitration award it won against the accounting firm that quit its audit in late 2023. A confidential arbitration, decided by a retired judge, produced the award. Kraken...
Tue, Jul 7
