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BitGo set to transition Wrapped Bitcoin business to multi-jurisdictional custody

BitGo claims the move of its Wrapped Bitcoin business will make it the world’s first “multi-jurisdictional and multi-institutional custody.”

Morgan Stanley’s Bitcoin ETF push a 'death wish,' says former SEC official

Former United States Securities and Exchange Commission official John Reed Stark believes that Morgan Stanley’s Bitcoin ETF pitch could severely burden its compliance department.

XRP surges after Ripple ‘victory,’ Trump Jr. crypto platform plans, and more: Hodler’s Digest, Aug. 4-10

XRP surged 26% after Ripple scores a ‘victory,’ Donald Trump Jr. reveals plans to launch crypto platform: Hodler’s Digest

IBM’s new ‘Lightweight Engine’ could be a game changer for fintech

JP Morgan just rolled out ChatGPT to 60,000 employees, demonstrating the demand for generative AI in the financial services sector.

Celsius sues Tether seeking $3.5B over Bitcoin collateral selloff

The assets in question were evidently given to Tether as collateral.

Apple used Google’s chips to train its AI — where does that leave Nvidia?

Nvidia’s shrinking market cap could signal a shift in the generative AI developer’s market.

Nigerian activist receives local support in legal fight to use crypto

This lawsuit comes amid the Nigerian government’s increasingly hostile stance toward cryptocurrencies.

Harris campaign’s crypto ‘reset’ questioned amid Fed crackdown

Critics argue that the US Federal Reserve’s actions are a significant overreach and could stifle innovation in the cryptocurrency sector.

Gemini urges CFTC to withdraw proposed rule on event contracts

Gemini co-founder Cameron Winklevoss believes that cryptocurrency prediction platforms offer a level of integrity that other platforms can’t match.

SEC and Ideanomics settle crypto revenue reporting fraud charges

According to the report, all parties involved have agreed to settle the charges without admitting or denying the SEC’s findings

VC firms are slowing down crypto investments for a 'nuanced reason' — Venture Capitalist

Adam Cochran highlighted that crypto funding has slowed as venture capitalists prefer to focus on “breakout trends” rather than “moonshots.”

Bitcoin bull-bear cycle indicator flips bullish as price holds $60K

The Bitcoin bull-bear market indicator has turned green once more after Bitcoin's drop below $50,000 triggered its first bearish signal since January 2023.

AI offerings are a bad joke, and investors aren't laughing

Neither OpenAI nor other tech giants have produced systems capable of doing much, but that hasn't stopped them from pushing for massive new investments.

IRS updates draft of crypto reporting form for US taxpayers

The latest draft form eliminated asking US taxpayers the time of day a crypto transaction occurred and identifying the “broker type.”

Anthropic launches $15K jailbreak bounty program for its unreleased next-gen AI

The program will be open to a limited number of participants initially but will expand at a later date.

Increasing Ethereum network use strengthens the case for ETH price rally to $3K

Surging Ethereum network activity and growing adoption of layer-2 scaling solutions pave the way for an ETH price rally to $3,000.

Crypto Biz: Massive inflows to exchanges amid market turbulence

This week’s Crypto Biz examines Hong Kong’s crypto ETF market, Morgan Stanley’s green light for Bitcoin funds, Xapo Bank license in the UK, and Core Scientific’s billionaire deal with CoreWeave.

City of Santa Monica launches Bitcoin Office, plans October festival

The “Silicon Beach” wants to make sure Bitcoin has a place there, with help from a blue-collar-oriented nonprofit.

Will the Harris-Walz presidential campaign prioritize crypto policy?

With the US election in November and polls showing Harris in a dead heat with Donald Trump in battleground states, Democratic voices in the crypto industry are speaking up.

Scientists illuminate a path to quantum AGI with new light-based chips

Recent breakthroughs in photonic computing could finally make human-level AI possible.

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