Trump Plans AI Force and Czar to Coordinate Sector Without New Rules
President announces initiative modeled on Space Force to manage rapid AI growth while avoiding measures that could hinder progress
Newsroom
Latest updates, press releases, and insights from the volatile world of digital assets.
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Trump Rejects AI Industry Calls to Slow Development, Citing China Competition
President Trump dismissed appeals from Anthropic, OpenAI and xAI leaders to pace frontier model advances, arguing the United States must maintain its lead over China
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Solana Co-Founder Questions Profit Motives in AI Slowdown Push
Anatoly Yakovenko responded sarcastically to calls from leading AI executives for paced development of frontier models, linking the stance to potential profitability at high valuations
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Thailand SEC Finalizes Crypto Travel Rule Effective February 2027
Digital asset operators must identify senders and recipients in all transfers, verify self-custodial wallet control, and retain records for five years or risk losing authorization
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Cosmos Labs Admits Error in Clearing EVM Bug Linked to $5.7 Million Multi-Chain Exploit
A vulnerability reported in April was deemed non-threatening to live networks, allowing attackers to drain funds from six blockchains in late August after a delayed patch release
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Hong Kong Records 25 Crypto Romance Scams With Nearly $9 Million in Losses
Authorities reported 25 investment fraud cases in late July involving romance tactics and fake crypto platforms, with one victim losing more than HK$26 million
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India Orders GitHub Takedown of Jack Dorsey’s Offline Messaging App Bitchat
Authorities cite surveillance concerns over the Bluetooth mesh app’s use by student protesters during internet shutdowns in Delhi, prompting criticism from digital rights groups
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Thailand Cracks Down on High-Value USDT Trades in Grey Capital Fight
Thailand’s central bank and securities regulator are stepping up checks on large cash movements and stablecoin transactions to curb hidden capital flows, with new rules targeting deposits over 5 million baht and closer review of USDT activity
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160 Security Veterans Urge Senate to Pass CLARITY Act for Stronger Crypto Oversight
Over 160 former national security and law enforcement officials have joined the Blockchain Association in calling on the US Senate to advance the CLARITY Act, arguing the legislation provides critical tools to combat illicit finance while bringing digital asset markets under clear American rules and oversight
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Zcash Rapidly Fixes Critical Orchard Bug as ZEC Price Surges Over 10%
Zcash developers executed a swift two-stage emergency upgrade to address a serious vulnerability in the Orchard shielded pool. The flaw, discovered during a routine audit, raised concerns about potential invalid transactions but was contained before any exploitation occurred
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