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In brief 2Wai’s app generates conversational video avatars from a few minutes of recordings, drawing comparisons to “Black Mirror.” Critics warn the tech exploits vulnerable mourners and operates in a legal gray zone with weak post-mortem privacy protections. The launch intensifies scrutiny of a grief-tech industry struggling with consent, data ownership, and the risks of AI-generated “digital ghosts.” An artificial intelligence startup co-founded by a former Disney Channel actor has launched a mobile app allowing users to create interactive digital replicas of deceased loved ones, prompting swift online condemnation and renewed scrutiny of the burgeoning “grief tech” sector.2Wai, founded by…
In brief Travis Ford received a five-year sentence and three years of supervised release for running a fraudulent crypto investment scheme. Wolf Capital, the investment firm he led, raised $9.4 million from 2,800 investors. Ford’s counsel said he was influenced online by an individual referred to as “0x.” Federal prosecutors have secured a five-year prison term for an Oklahoma resident who admitted to running a fraudulent crypto investment scheme that operated for eight months before collapsing.Travis Ford, 36, was sentenced on Thursday to 60 months in prison and ordered to pay over $1 million in forfeiture and over $170,000 in…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Quick Facts: ➡️ A whale bought $500K worth of Bitcoin Hyper ($HYPER), marking perhaps the biggest sign of confidence yet on the project. ➡️ Whale buys, particularly in early stages, typically precede broader retail interest and exchange listings. ➡️ The whale buy has helped push the Bitcoin Hyper presale to over $27.5M raised. ➡️ Hyper’s Bitcoin Layer-2, powered by Solana contracts, has attracted a lot of attention since the presale began. Smart money is making noise. Just a few hours ago, a whale wallet bought over $500K…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Elon Musk has again pushed his “everything app” vision for X into the spotlight, telling users that a native payments layer, X Money, is now close to launch – and reigniting questions over whether Dogecoin, Bitcoin or crypto at large will be part of it. In a post on Nov. 13, Musk announced a major technical milestone for the platform: “X just rolled out an entire new communications stack with encrypted messages, audio/video calls and file transfer. X Money comes out soon. Join us if you want…
Grayscale filed an S-1 form with the Securities and Exchange Commission (SEC) on Nov. 13 to list Class A common stock on the New York Stock Exchange under ticker symbol GRAY.The firm manages approximately $35 billion across more than 40 crypto products, including spot Bitcoin and Ethereum ETFs.As a public company, Grayscale will have to disclose more financials and face shareholder pressure, which could influence future fee decisions and product strategy.The filing does not specify share count or pricing range for the proposed offering. Morgan Stanley, BofA Securities, Jefferies, and Cantor will serve as lead managing bookrunners.Financial performance shows revenue…
In brief Emails show Jeffrey Epstein sought Steve Bannon’s help navigating and shaping U.S. crypto tax and regulatory policy in 2018. Epstein framed crypto as both a domestic tax issue and a global concern, urging Treasury to take action. Newly released documents portray him as actively engaged in early crypto policy debates, ranging from tax policy to Meta’s failed stablecoin project, Libra. Jeffrey Epstein was becoming increasingly concerned about tax policy in the United States related to Bitcoin and other cryptocurrency towards the end of his life—and hoped Steve Bannon could help, according to newly released emails from the convicted…
American Bitcoin (NASDAQ: ABTC), the cryptocurrency mining firm backed by Eric Trump and Donald Trump Jr., reported a strong third quarter. American Bitcoin posted revenue of $64.2 million, a 453% year-over-year increase, while net income soared to $3.47 million, reversing a $576,000 loss in the same period last year. The Miami-based miner, which became a standalone public entity after spinning out from Hut 8 and merging with Gryphon Digital Mining, has aggressively scaled its operations. During Q3, American Bitcoin expanded its mining capacity roughly 2.5 times to 25 exahash per second (EH/s), with its fleet achieving an efficiency of 16.3…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Office of the Comptroller of the Currency (OCC) has been pressured to turn down Sony Bank’s bid to enter US crypto banking. According to reports, letters from banking and community groups filed in early November have raised sharp opposition about the plan and its possible effects. Sony’s Bank Plan Sony Bank filed to form a national trust bank called Connectia Trust, according to filings and public reports. The plan would allow Connectia to manage reserves for a US dollar-pegged stablecoin and offer custody and asset-management services…
In brief Ethereum treasury firm BitMine Immersion Technologies has appointed Chi Tsang as CEO. The company holds over $11 billion worth of ETH, making it the largest corporate holder of the coin. Shares of BMNR continued sliding Friday alongside Ethereum’s own recent price dive. BitMine Immersion Technologies, the leading Ethereum treasury company with more than $11 billion worth of the cryptocurrency, announced Friday that it has appointed Chi Tsang as CEO and board member.Tsang, who succeeds previous CEO Jonathan Bates, was recently the founder and Managing Partner of venture fund m1720, and had previously spent a decade at HSBC, where…