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xAI, Elon Musk’s artificial intelligence company, experienced a significant incident involving its Grok chatbot. On May 14th, an unauthorized modification to Grok’s prompt resulted in the AI generating responses referencing political and racial tensions in South Africa, specifically mentioning a…
A major cryptocurrency crime spree resulting in the theft of 4,100 Bitcoin (worth approximately $263 million) has led to the indictment of twelve individuals. This superseding indictment, announced by the Department of Justice (DOJ) on May 15, expands upon the…
Despite the absence of the typical hype associated with previous crypto bull runs, Jason Guthrie, WisdomTree’s head of product, expresses optimism about the market’s current state. Unlike prior cycles driven by speculative frenzies surrounding Initial Coin Offerings (ICOs), Non-Fungible Tokens…
Deepfake technology is being weaponized in sophisticated phishing campaigns targeting US federal and state officials and cryptocurrency founders. The FBI issued a warning on May 15th detailing a campaign active since April, where hackers use deepfake voice and text messages…
Méliuz, a Brazilian fintech company, has become the first publicly traded Bitcoin treasury company in Brazil after its shareholders approved a plan to significantly increase its Bitcoin holdings. The company purchased 274.52 Bitcoin (BTC) for an average price of $103,604,…
The US Department of Justice (DOJ) is proceeding with its case against Tornado Cash founder Roman Storm, though a minor portion of the indictment has been dropped following a recent policy shift. In a May 15 letter to Judge Katherine…
The Wisconsin Investment Board (SWIB), manager of Wisconsin’s retirement funds, fully liquidated its holdings in BlackRock’s iShares Bitcoin Trust ETF (IBIT) during the first quarter of 2025. This involved the sale of over 6 million IBIT shares, valued at approximately…
Coinbase’s chief legal officer, Paul Grewal, recently commented on the complexities surrounding the GENIUS Act and the influence of President Trump’s crypto ventures. Speaking at the Consensus conference in Toronto, Grewal acknowledged “hiccups” in Congress following the Senate Banking Committee’s…
Kevin O’Leary, speaking at Consensus 2025, highlighted the disruptive potential of stablecoins for the multi-trillion dollar foreign exchange (FX) and payments market. He argued that regulated stablecoins offer a cheaper, faster alternative to traditional cross-border transfers, posing a significant threat…
Chainlink co-founder Sergey Nazarov predicts asset tokenization will significantly increase capital flow across traditional markets, boosting velocity in asset classes like treasuries, equities, private credit, commercial debt, and real estate. This prediction, shared at Consensus 2025, highlights the need for…
