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View More NewsIn brief Bitcoin’s brief rally to $66,921 failed at the golden zone and price has since fallen back to $63,422—a pattern that looks less like a recovery and more like a textbook bull trap. Every major indicator on the daily chart is bearish. Myriad traders are betting on $55K before $84K. Crypto markets opened the day red—and then got redder.South Korea’s KOSPI index fell more than 8% at the open and triggered a circuit breaker, sending a risk-off shockwave through global markets before New York traders had finished their coffee. Bitcoin’s response was fast: a drop to $62,684 in early…
In brief Filipino artist Elmer Saflor has sued Memes Apps, which runs Memes.ai, over what he says was the sale of his comic as an advertising template. The complaint pleads direct, contributory and vicarious infringement, and seeks an injunction and the platform’s profits. Unlike the Stability AI and Midjourney cases, the claim does not turn on how a model was trained. A Filipino cartoonist has sued the company behind AI ad generator Memes.ai, alleging it sold access to his best-known comic as a template for advertising. Elmer Saflor, aka “Superelmer,” filed the complaint on July 1 in the Central District…
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The United States and Iran appear to be on the brink of renewing full-scale warfare, following a week of limited but steadily expanding hostilities. Tehran has fired at ships attempting to traverse the Strait of Hormuz, while American jets, drones and cruise missiles have targeted Iranian anti-aircraft missile systems and rocket and drone launch and storage sites, mainly with the aim of degrading Iran’s ability to control the strait. Yet Iranian truculence has not diminished, and the Americans, meanwhile, have been reinforcing their aerial deployments around the Middle East: a new squadron of F-16 fighters reached Jordan over the weekend,…
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Strategy’s (MSTR) cash reserve now stands at $3.75 billion after the company raised $544.5 million last week.That $3.75 billion is enough for 2.1 years…
Binance ‘red teams’ its own staff every month to keep hackers outCryptocurrency exchange Binance has been running simulated phishing attacks against its own employees…
from the what-would-Jane-Austen-say? dept Persuasion plays a key role in society. Whether it is political or financial decisions, workplace or family choices, or simply…
Stablecoin issuer Circle (CRCL) has acquired nearly 1,000 issued blockchain-anchored patents from IBM, a deal the firm said makes it the largest holder of…
In brief Elon Musk predicts AI will surpass the combined intelligence of humanity within about five years. He says humans are unlikely to remain…
from the state-department-is-run-by-white-nationalists dept This story was originally published by ProPublica. Republished under a CC BY-NC-ND 3.0 license. For decades, the U.S. Department of State gave money to groups…
American chipmaker Nvidia and 36 other major technology companies launched an alliance on Monday to build open-source security tools for AI systems, citing an…
Binance’s Android app is unavailable on Google Play in some EU markets amid scrutiny over MiCA compliance. Read the full article here
In brief The odds that the Fed pushes for “no change” on interest rates has fallen sharply on prediction markets in the last 24…
Thailand’s Securities and Exchange Commission (SEC) alleged that cryptocurrency exchange Bitkub and two former directors concealed a cyberattack that led to the theft of…
The banking-as-a-service provider will power X Money’s peer-to-peer payments, FDIC-insured accounts and Visa debit cards as the platform expands its financial services. Read the…
In brief A searchable database built from New York City’s public property records has sparked backlash. Crypto executives say organizing public records into a…