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- Has the crypto 'arms race' 💪🏼 begun?
Has the crypto 'arms race' 💪🏼 begun?
This Week in Crypto
🎙️Australia’s No.1 Crypto Podcast has hit 160 episodes! This week is jam packed with:
Market Moves It’s getting muddy again!
AI Agents Becoming VC's? AI16Z and Sekoia specifically
Stablecoin Wars In a galaxy, far, far away!
The big question is - are you Crypto Curious, A Seasoned Addict or an Industry Insider?
Markets at a glance.
X marks the spot.
Good articles.
Artificial Intelligence. Augmented Reality. Crypto. Three of the most hyped buzzwords of modern tech have been weaved together in a way no one saw coming.
Crypto things you didn’t know you didn’t know.
The FBI created its own shitcoin.
In May, the United States Federal Bureau of Investigation (FBI) created a fake AI-related token to catch fraudsters engaged in market manipulation.
The “trap token,” NexFundAI (NEXF), was designed to act as bait, targeting people engaged in fraudulent cryptocurrency activities, particularly pump-and-dump schemes.
The FBI, masking as scammers, told traders it wanted help in manipulating the token’s trading volume to fool investors into believing that NEXF was more popular than it was.
At least 18 people have been charged from the FBI’s sting operation.
The FBI may have engaged in copyright infringement, as the source code it used wasn’t licensed, Rikka Law managing partner Charlyn Ho told Cointelegraph.
Source: Cygaar
But the FBI would probably be fine if an action were brought against it in court, as the MIT license it used was “broadly designed to give people broad rights to use the software.” (story via Cointelegraph)
In Other Crypto News!
How do you like them Apple(s)?
Sony Debuts Singapore-Based Public Blockchain Platform Soneium.
Sony has launched the Soneium mainnet, an Ethereum Layer 2 blockchain built with Optimism's OP Stack, bridging Web2 and Web3 seamlessly.