Crypto News
SEC Charges Novatech in $650 Million Crypto Fraud Scheme
The U.S. Securities and Exchange Commission (SEC) has charged the masterminds behind Novatech with running a fraudulent $650 million crypto scheme. Novatech allegedly operated as a multi-level marketing and crypto asset investment program, where most investor funds were misappropriated to pay existing investors and promoters. SEC Charges Novatech Ltd. in $650 Million Crypto Fraud CaseSource link
AI Search Engine Perplexity Teams up With Predictions Market Giant Polymarket
On Aug. 12, 2024, the startup behind Perplexity, an AI-driven search engine and chatbot, revealed a new partnership with Polymarket, a blockchain-powered predictions market. With this integration, users searching for events on Perplexity will now find news summaries accompanied by real-time probability forecasts sourced directly from Polymarket. Perplexity and Polymarket Unite The AI-focused search engineSource link
How to Run the Powerful Flux AI Image Generator on Less Powerful PCs
Flux, the open-source image generator launched last week, required huge amounts of computational power to run. The community has pared it down so you can run it, too. Here's how.Source link
El Salvador Announces $1.6 Billion Investment That Will Kickstart ‘Bitcoin City’
One of two seaports that will be transformed sits near the site of the country's planned tax-free crypto haven.Source link
WBTC Custody Changes Prompts Defi Moves, Bitgo CEO Disregard Concerns
The recent announcement of the custody change of WBTC, a wrapped version of bitcoin, has prompted a negative reaction in decentralized finance (defi) protocols that reject Justin Sun’s disclosed relation with the project. Bitgo is moving WBTC custody to a joint venture with Bit Global, another custodian, to diversify custody locations and decentralize private keysSource link