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The AI Fraud Deterrence Act is a bipartisan bill introduced by Representatives Ted Lieu and Neal Dunn to combat AI-driven scams, including deepfakes impersonating federal officials. It modernizes U.S. fraud laws by doubling penalties to $2 million and up to 20 years in prison, incorporating AI into definitions of mail and wire fraud. Expands penalties […]
Warner Music Group has settled its copyright lawsuit against AI music startup Suno, transitioning from legal conflict to a strategic partnership that includes licensed AI models and the acquisition of Songkick. Settlement ends lawsuit initiated by major labels over unauthorized use of copyrighted material in AI-generated music. Suno will launch licensed AI models in 2026, […]
President Donald Trump’s crypto ventures, including World Liberty Financial and the $TRUMP memecoin, have allegedly generated over $800 million for his family in the first half of 2025, according to a House Judiciary Committee Democrats staff report. World Liberty Financial raised $550 million through token sales and launched a $2.7 billion stablecoin. The $TRUMP memecoin, […]
Saudi Arabia’s deployment of its first quantum computer raises significant concerns for blockchain security, particularly for Bitcoin, as advanced quantum systems could potentially crack current encryption methods like ECC and RSA in the future. Saudi Aramco installs a 200-qubit quantum machine from Pasqal for energy and materials research. The system marks a milestone in the […]
The Texas Bitcoin Reserve marks the first U.S. state to acquire Bitcoin as a strategic government asset, purchasing $10 million worth at around $87,000 per Bitcoin. This initiative, executed via BlackRock’s IBIT ETF, establishes a precedent for public institutions embracing digital assets in financial policy. Texas pioneers state-level Bitcoin adoption by creating a dedicated reserve […]
MegaETH’s pre-deposit phase encountered multiple technical failures, including KYC system errors and a premature transaction, causing the fundraising to exceed its $250 million limit and reach $500 million before being halted. MegaETH pre-deposit failure stemmed from configuration errors disrupting user access. Rate-limit issues prevented verified users from completing deposits smoothly. The event raised $500 million, […]
The Monad mainnet launch introduced the native MON token to trading, surging over 62% on its debut day to reach $0.04, with $1.2 billion in early volume and over 100 apps deploying on the EVM-compatible Layer 1 chain. Monad mainnet launch key highlight: MON token debuted with 10.8 billion in circulation out of 100 billion […]
The Monad MON token price surged 19% to $0.042 on Tuesday after a highly anticipated airdrop, marking a 68% gain from its $0.025 public sale price. This rise occurred amid cooling broader crypto markets, highlighting strong investor interest in the high-performance layer-1 blockchain. Monad’s airdrop rewarded early adopters but disappointed some due to low allocations, […]
The JPMorgan crypto debanking controversy erupted when Strike CEO Jack Mallers accused the bank of closing his account and blocking customer deposits, citing alleged fraudulent activities. This incident reignites debates on “Operation Chokepoint 2.0,” where financial institutions restrict crypto firms, potentially driving innovation overseas. Senator Cynthia Lummis criticized the move as harmful to U.S. digital […]