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Pertsev’s detention extended as Tornado Cash hits $2.8B in deposits
Alexey Pertsev, the developer of Tornado Cash, will remain in pre-trial detention for an extended period of time. The core developer expressed his sadness, stating that the decision would affect his ability to prepare for an appeal. Pertsev announced the news on his X account. He stated that he will remain determined to fight for […]Cryptopolitan
Nov 24, 2024
$8.2 billion raised through crypto fraud penalties: SEC’s 2024 report
In 2024, the SEC collected a record $8.2 billion in penalties and returned $345 million to victims. A large part of the funds came from major cases like Terraform Labs. While the number of cases went down, the financial watchdog continued to focus on punishing wrongdoers and protecting investors, especially in areas like cryptocurrency, AI, […]Cryptopolitan
Nov 24, 2024
AI startup O.XYZ accused of inflating its technology capabilities
AI startup O.XYZ has been accused of various offenses including adopting aggressive tactics to reduce dissent in the company and illegally inflating its technology claims. Although the firm’s CEO Ahmad Shadid has refuted all the allegations, sources familiar with the company’s operations have strongly stated otherwise. According to O.XYZ, it is a super AI ecosystem […]Cryptopolitan
Nov 24, 2024
Sticky US inflation binds Fed’s hands – What if it doesn’t get better?
The Federal Reserve can’t escape inflation’s grip. Sticky price pressures are making policymakers squirm as they get closer to their December meeting. The personal consumption expenditures (PCE) price index — excluding food and energy, the Fed’s favorite inflation gauge — is projected to rise 0.3% for October. That’s not even the worst news. On an […]Cryptopolitan
Nov 24, 2024
ECB says Federal Reserve’s decisions won’t derail its policy plans
The European Central Bank (ECB) doesn’t care what the Federal Reserve is up to. That’s the message François Villeroy de Galhau, a member of the ECB’s Governing Council, delivered in an interview with Ouest-France. He emphasized the ECB’s independence under Christine Lagarde. “The decisions we make at the ECB with Christine Lagarde are independent of […]Cryptopolitan
Nov 24, 2024
Pro-Bitcoin Matt Gaetz says he’ll expose stock market corruption in US Congress
Matt Gaetz, America’s newly-appointed Attorney General, is on a warpath. His latest target? Corruption in Congress. Gaetz has vowed to blow the lid off what he calls rampant stock market manipulation by lawmakers. He’s calling their actions “treason” and “betrayal,” accusing them of exploiting insider information to line their own pockets while the American public […]Cryptopolitan
Nov 24, 2024
State Street flags Bitcoin rally as a threat to gold’s safe-haven appeal
Bitcoin’s latest rally has State Street Global Advisors’ chief gold strategist, George Milling-Stanley, raising an eyebrow. Investors, he says, are falling for a dangerous illusion, mistaking Bitcoin’s meteoric rise for stability. According to Milling-Stanley, Bitcoin doesn’t even come close to matching gold’s time-tested safety, and the current frenzy is all about returns, not reliability. “Bitcoin, […]Cryptopolitan
Nov 24, 2024
Silicon Valley CEO compares AI to the dot-com bubble, says OpenAI could vanish
Tom Siebel, CEO of C3.ai, warns that the AI market, worth billions, is in a bubble like the dot-com era, with companies like OpenAI, valued at $157 billion, getting funding based more on hype than real innovation. In an interview with Fortune, Tom Siebel, the CEO of C3.ai, shared the current state of artificial intelligence […]Cryptopolitan
Nov 24, 2024
