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Spenser Reed

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The city of Dubai in the United Arab Emirates has started offering commercial licenses to artificial intelligence (AI) and Web3 businesses at a 90% subsidy as it works to create the largest cluster of new-age tech companies in the Middle East and North Africa (MENA) region.

Dubai lures AI, Web3 enterprises with 90% subsidized commercial licenses

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In addition to attracting talent, Dubai has also given out operational licenses to crypto exchanges over the past several months. The city of Dubai in...
Crypto-assets and their related activities present key risks to the United States banking system and warrant closer supervision, warns a leading U.S. financial regulator.

Crypto highlighted as ‘novel and complex’ risk to US banks: FDIC...

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The Federal Deposit Insurance Corporation has warned that uncertainty around crypto's legal status, the likelihood of fraud and contagion present key risks to United...
Researchers from San Diego State University in California developed an artificial intelligence (AI) system to identify, track and expose free cryptocurrency giveaway scams on X (formerly Twitter).

Scientists used AI to find and track 95K ‘cryptocurrency free giveaway’...

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The San Diego State University team uncovered nearly a million dollars were scammed from victims via the Lists feature on Twitter — now called...
Payments giant PayPal, soon after launching the dollar-backed stablecoin PayPal USD (PYUSD), updated its terms and conditions to introduce Cryptocurrencies Hub — a feature that allows users to hold and interact with Bitcoin and cryptocurrencies in their PayPal account.

PayPal to roll out Cryptocurrencies Hub for select users

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The Cryptocurrencies Hub is key for PayPal to reinvent itself as a crypto-inclusive platform. The service will allow for the sale and purchase of...
A newly discovered vulnerability in the Libbitcoin Explorer 3.x library has allowed over $900,000 to be stolen from Bitcoin users, according to a report from blockchain security firm SlowMist.

Newly discovered Bitcoin wallet loophole let hackers steal $900K

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A series of attacks drained the wallets of BTC users by exploiting a faulty random seed generation algorithm. A newly discovered vulnerability in the Libbitcoin...
The United States could make up for 99.5% of the global trading volume for crypto-related exchange-traded funds — but only if spot Bitcoin ETFs are approved, according to a Bloomberg ETF analyst.

Bitcoin ETFs to push US slice of crypto ETF trading volume...

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Approval of spot Bitcoin ETFs in the United States will likely push the country's share of crypto ETF trading volumes even higher, says a...
Over 15 widely-used crypto wallet providers and projects have gaping vulnerabilities that could potentially see millions of crypto wallets drained, according to digital asset infrastructure firm Fireblocks.

Fireblocks discloses massive vulnerability affecting crypto wallets

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Fireblocks said the vulnerabilities affecting Coinbase, Binance and Zengo have since been fixed and has reached out to more than 12 others still at...