FBI flags Bitcoin wallets 🏴, World Mobile on Google Play 🎊, Chinese official gets life sentence 🇨🇳
Daily Crypto, Blockchain & Web3 Update 2023-08-23
CRYPTOCURRENCY
FBI flags 6 Bitcoin wallets linked to North Korea, urges vigilance in crypto firms (3 min read)
The United States Federal Bureau of Investigation (FBI) has flagged six Bitcoin wallets linked to the North Korean state-backed hacking group Lazarus. The six wallets contain 1,580 BTC worth $40 million, believed to have been hoarded from various cryptocurrency hacks over the past year.
Australian CBDC may be useful for payments, tokenization: Central bank (2 min read)
Australia’s central bank has completed its pilot of a central bank digital currency exploring use cases for a potential digital dollar, finding it useful in four main areas, including enabling complex payments and asset tokenization.
World Mobile launches on Google Play for customers in Australia, Canada, UK and US (2 min read)
Decentralized wireless (DeWi) network operator World Mobile announced the launch of its app on Google Play for users in the United States, the United Kingdom, Australia, Canada and Tanzania on Aug. 22.
Chinese official sentenced to life in prison for Bitcoin mining, corruption (2 min read)
A Chinese government official has been sentenced to life in prison for illegitimate business operations related to running a 2.4 billion Chinese yuan ($329 million) Bitcoin mining enterprise and for unrelated charges of corruption.
BUSINESS
Atomic Wallet faces lawsuit over $100M crypto hack losses: Report (2 min read)
A group of disgruntled cryptocurrency investors have launched a class action against Atomic Wallet, which suffered a major breach and $100 million in losses in June.
QUICK LINKS
CBDCs offer faster settlements: Citi survey of global securities firms (3 min read)
Discussions about shortening local financial settlement cycles within the next five years have most securities firms eyeing central bank digital currencies (CBDCs).
Stellar joins Bytecode Alliance to help develop EVM alternative Wasm (3 min read)
Stellar Development Foundation joins the Bytecode Alliance, promoting WebAssembly development. Wasm is a competitor to the Ethereum Virtual Machine (EVM) used by the Ethereum ecosystem. It is also used in non-blockchain, browser-based applications.
OpenAI gets lukewarm response to customized AI offering (3 min read)
OpenAI has introduced the option of fine-tuning for GPT-3.5 Turbo, enabling artificial intelligence (AI) developers to enhance performance on specific tasks using dedicated data. However, developers have expressed criticism as well as excitement about the development.
Hollywood studios offer new proposal for AI and data transparency to curb strike (2 min read)
The Alliance of Motion Picture and Television Producers (AMPTP) released details of its proposal for striking actors and writers on Aug.22, which included standards for the entertainment industry surrounding the usage of artificial intelligence (AI) and data transparency.
Binance.US taps MoonPay as banking alternative to regain USD ramps (2 min read)
Two months after becoming a crypto-only platform, Binance.US has announced a new partnership with crypto payments firm MoonPay to allow users to buy the United States dollar-pegged stablecoin Tether to use on its platform.
OpenSea manager accused of insider trading sentenced to 3 months in prison, $50K fine (3 min read)
A federal judge has sentenced former OpenSea product manager Nathaniel Chastain to three months in prison for wire fraud and money laundering related to insider trading on the platform.