SEC sues Mining Automatic and founder over alleged $22M crypto mining scheme 
Exodus to cut 25% of staff in company reorganization 
IREN jumps 16% after raising AI cloud revenue target above $4B 
Trader maintains $67K BTC price target: Five things to know in Bitcoin this week 
Hut 8, IREN deals lift AI-focused Bitcoin mining stocks Shrapnel Web3 shooter won’t let US users cash out, thanks to Gensler
As soon as a gamer cashes out an in-game asset, they realize monetary value, which…
Blog
Adobe, IBM, Nvidia join US President Biden’s efforts to prevent AI misuse
Adobe, IBM, Nvidia and five other companies have joined the initiative, unveiled in July, aimed…
PayPal PYUSD stablecoin is 100% backed: Paxos transparency report
The total assets held in PayPal USD custody “meet or exceed the token balance,” with…
Web3 game Gods Unchained releases ‘Sealed Mode’ to mimic paper card games
Immutable’s Gods Unchained game launched a new tournament mode that allows players to build a…
SWIFT enrolls 3 central banks in CBDC interoperability beta test, expands sandbox
The bank messaging network has seen a dramatic increase in processing speed and is developing…
Ripple says security incident accelerated its acquisition of Fortress Trust
A multimillion-dollar security breach involving a third-party vendor hastened Ripple’s acquisition of Fortress Trust on…
EU parliament votes overwhelmingly in support of DAC8 crypto tax reporting rule
The measure received 535 votes for with 57 against and 60 abstentions in a plenary…
Grammy CEO clarifies AI Drake song ineligible for award over copyright issues
The Record Academy executive clearly stated that the track is “not eligible” and cited that…
Alibaba launches its ChatGPT-like AI model for public use amid loosening restrictions in China
The launch comes just weeks after Chinese authorities began accepting applications for public-facing AI systems….
Court approves sale of FTX digital assets
Assets will be sold off weekly, with special handling for BTC, ETH and “insider-affiliated tokens.”…
Paxos confirms it’s responsible for $500K mistaken Bitcoin transaction
The account that paid $500,000 to move $2,000 worth of Bitcoin was a Paxos server,…
Google to allow NFT game ads, metaverse ‘hot’ in Asia: Nifty Newsletter
Google will allow NFT game advertisements that do not have any gambling or gambling services…
Cosmos Hub upgrades to offer liquid staking
The upgrade introduces a liquid staking module, eliminating a 21-day locking period applied for unstaked…
SEC charges company behind Stoner Cats NFT series with unregistered securities sale
The animated series, accessible only to NFT holders, had a cast that included Vitalik Buterin,…
Bitcoin at $25K: Discount or disaster?
This week, The Market Report discusses Bitcoin’s recent dip below $25,000 and what it means…