Nigeria’s Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, has announced a $1.5 million initiative to boost the country’s Artificial Intelligence (AI) development. This fund, supported by Luminate, a global foundation, will be launched on Oct. 7 in Abuja. The move came after the Ministry launched a $61,780 AI Fund in collaboration with Google,…Read More

Europol and multiple countries have taken a significant step against the notorious Lockbit ransomware group with four key arrests and international sanctions. A collaborative effort between France, the UK, and Spain led to the detainment of critical individuals, including a developer and a hosting administrator. The operation is part of a larger international crackdown known…Read More

XRP could see a 4,000% rally in the next bull market cycle, according to a fractal pattern reminiscent of its 2017 price surge. XRP (XRP) has declined by nearly 15% so far in October, with its losses driven primarily by the United States Securities and Exchange Commission’s (SEC) renewed appeal in the Ripple lawsuit. However,…Read More

The U.S. Attorney’s Office and the FBI announced on Friday that Yanbing Chen, a 30-year-old from Brooklyn, N.Y., pleaded guilty to his involvement in an international money laundering and drug trafficking conspiracy. The organization, led by Jin Hua Zhang of Staten Island, laundered over $25 million in drug proceeds and illegal funds. Chen delivered $50,000…Read More

The Federal Bureau of Investigation (FBI) has issued a warning about Ichcoin, a fraudulent cryptocurrency platform that is deceiving investors across the U.S. by luring them in through social media, then tricking them into wiring large sums of money. Victims are led to believe their investments are growing but are ultimately left with nothing, often…Read More

Institutional investors and wealth managers anticipate a sharp increase in digital asset fund launches, with 70% of those surveyed expecting a rise over the next 12 months, according to new research by Nickel Digital Asset Management. 92% of respondents also foresee traditional financial institutions entering the sector with their own funds, driven in part by…Read More

The mysterious Bitcoin whale has now sent $3.58 million worth of Bitcoin to Kraken’s crypto exchange, Arkham Intelligence said. An “ancient” Bitcoin whale that mined BTC in the Bitcoin network’s first two months of existence has moved more BTC to cryptocurrency exchange Kraken, a blockchain data firm says.“This Bitcoin was mined ONE MONTH after Bitcoin’s…Read More

David Carmona was the “mastermind” behind IcomTech’s “Ponzi scheme,” which netted an estimated $8.4 million from victims. David Carmona, the founder of the cryptocurrency “Ponzi” scheme IcomTech, has been handed a 10-year prison sentence for conspiracy to commit wire fraud.Carmona was the “mastermind” behind IcomTech, which “preyed upon working-class people by promising them complete financial…Read More

The late cryptographer and privacy advocate is in the spotlight because bettors on Polymarket think he may be identified as Satoshi Nakamoto.  Deceased computer scientist and privacy advocate Len Sassaman is unexpectedly in the limelight as bettors speculate on the upcoming HBO documentary that advertises itself as revealing the identity of the inventor of Bitcoin.…Read More

A dwindling consumer interest in chatbots caused a drop in AI-sector revenues during the second business quarter of 2024. A recent research study titled “Larger and more instructable language models become less reliable” in the Nature Scientific Journal revealed that artificially intelligent chatbots are making more mistakes over time as newer models are released.Lexin Zhou,…Read More