Day: September 6, 2024

Trump Crypto and Bitcoin Capital: U.S. to Lead in Digital Assets

In a forward-looking speech at the Economic Club of New York, Republican presidential candidate Donald Trump declared his ambition to make the United States the “world capital of crypto and Bitcoin.” This bold statement aligns with his vision to foster significant technological advancements in the U.S. Proposal for a Government Efficiency Commission Trump announced his […]

Pavel Durov French Arrest: Telegram CEO Responds to Charges

Pavel Durov, the founder and CEO of Telegram, faced arrest upon his arrival at Paris–Le Bourget Airport on August 25. French authorities indicted him over allegations that Telegram was used for illegal activities such as drug trafficking, organized fraud, and the distribution of child pornography. They accused Durov and Telegram of failing to adequately respond […]

Bitcoin Price Drop & ETF Outflows: Market Heads Toward $50,000

Bitcoin’s price experienced a significant drop to just over $55,000 on Friday morning, with market analysts warning of a potential descent to $50,000. This downturn coincides with Bitcoin ETFs enduring a week-long streak of outflows, highlighting investor apprehension and a diminishing appetite for risk. Let’s understand the reason behind this Bitcoin Price Drop and ETF […]

Telegram FAQ Content Moderation Update Sparks Concern

Late Thursday, users observed changes in Telegram’s FAQ concerning the moderation of private group chats. The platform discreetly removed sections pertaining to the reporting mechanisms for illegal content within private chats, leading to a clarification on content moderation policies. Let’s understand the changes made in Telegram FAQ content moderation section. Details of the Modification Previously, […]

AI Music Fraud Scheme: North Carolina Musician Faces Charges

Michael Smith, a 52-year-old musician from Cornelius, North Carolina, faces charges of wire fraud conspiracy, wire fraud, and money laundering conspiracy. These charges stem from his involvement in a sophisticated scheme that manipulated music streaming platforms using AI-generated songs. Netting over $10 million in royalties. Details of the Scheme From 2017 to 2024, Smith allegedly […]