United States Securities and Exchange Commission Chair Gary Gensler has reportedly stated that without some form of intervention, a financial crisis stemming from the widespread use of artificial intelligence is “nearly unavoidable.” The chair’s comments came during an interview with the Financial Times where, according to the article, Gensler said the crisis could come within a decade….

A steep collapse in the price of nonfungible tokens (NFTs) shouldn’t be seen as a sign of distress but rather a signal the technology is maturing, according to Web3 executives. “I wouldn’t say the NFT market has regressed,“ Decentraland Foundation executive director Yemel Jardi told Cointelegraph. “Rather, it’s maturing.” Jardi’s comments come after a September report…

The S&P 500 Index nudged higher by 0.45% to record its second positive week. While the United States equities markets were a slow mover, gold witnessed a massive run-up of more than 5% this week. Its rally of 3.11% on Oct. 13 was its best one-day performance since Dec. 1 of last year. However, the Bitcoin bulls…

Cybercriminals have discovered a new way to spread malware to unsuspecting users, this time by manipulating BNB Smart Chain (BSC) smart contracts to hide malware and disseminate malicious code. A breakdown of the technique known as “EtherHiding” was shared by security researchers at Guardio Labs in an Oct. 15 report, explaining that the attack involves compromising WordPress…

ProShares introduced a trio of Ether futures exchange-traded funds (ETFs) in recent weeks, and the fund’s latest offering — the Proshares Short Ether Strategy ETF (SETH) — is set to start trading in November. The ETF is scheduled for listing on the NYSE Arca exchange and aims to achieve daily investment outcomes that mirror the inverse…

According to a recent report from blockchain analytics firm Chainalysis, Latin America has a distinct inclination toward centralized exchanges when compared to the rest of the world, as opposed to decentralized exchanges. Published on October 11, Chainalysis stated that Latin America has the seventh-largest crypto economy in the world, trailing closely behind the Middle East and North…

The former CEO of a Miami-based investment firm has pleaded guilty to a conspiracy to commit commodities fraud involving crypto futures contracts and now faces up to five years in prison. In an Oct. 12 statement, the United States Department of Justice said that Peter Kambolin, former CEO of Systematic Alpha Management, operated a “cherry picking”…

Blockchain technology offers new horizons in terms of user governance and digital interaction between parties. It evolves with each iteration, adding new use cases and better functionality along the way. However, the technical requirements of becoming a participant in any given blockchain network, along with the complex nature of the technology itself,  often prevents newcomers from…

Coinbase has doubled down on its push for a court order compelling the United States Securities and Exchange Commission (SEC) to act on the firm’s crypto rulemaking petition. Coinbase wants a mandamus issued within 30 days to compel the SEC to give an official answer on whether it will accept or deny the petition. The SEC submitted a long-awaited…

Decentralized finance (DeFi) protocol Platypus has lost over $2 million in assets after suffering another flash loan exploit on its platform. The protocol suspended all of its pools in response to the attack. According to the blockchain security platform CertiK, the DeFi platform suffered three attacks, with $2.23 million taken across the exploits. On Oct….