TikTok’s Chinese owner, ByteDance, has agreed to hand control of its US operations to a new US-led company to avoid a ban. The deal gives American and global investors 80.1% ownership, while ByteDance keeps 19.9%, and the joint venture will manage US data, algorithms, and content locally.
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AlexCoinbase is suing Michigan, Illinois, and Connecticut, saying only the federal government via the CFTC can regulate prediction markets. CEO Brian Armstrong argued state rules block access to federally regulated products as the company plans to expand its event-based trading in the US.
AnaisMoMA has added eight CryptoPunks and eight Chromie Squiggles to its permanent collection, marking a major recognition of NFTs as legitimate art. The works were donated by creators and collectors and will be displayed alongside other digital and experimental media at the museum.
WeatherlyA 23-year-old man from Brooklyn, Ronald Spektor, has been charged with a $16 million crypto phishing scam that targeted nearly 100 Coinbase users across the US. He allegedly tricked victims into sending their cryptocurrency to wallets he controlled and is now in custody while authorities work to recover the stolen funds.
AnaisFraudsters are using AI to create fake art documents, such as sales invoices and certificates, that look real and trick galleries, insurers, and collectors. These AI-generated forgeries make it harder to check provenance and increase the risk of financial loss in the art market.
WeatherlyHong Kong’s insurance regulator plans to allow insurers to hold cryptocurrencies and stablecoins, with strict capital rules. The proposal also offers incentives for insurers investing in local infrastructure projects.
WeatherlyA South Korean man who laundered money for a voice phishing gang using cryptocurrency has been sentenced to four years in prison after an appeal cancelled his suspended sentence. The court said he was a middle manager in the scam and previous offences meant a harsher punishment was needed.
WeatherlyOpenAI has launched “Your Year with ChatGPT,” a feature that gives users a personalised summary of their activity, including awards, poems, and images based on their chats. It is available to Free, Plus, and Pro users in select English-speaking countries, and participation is optional with privacy controls in place.
AnaisTencent has gained access to Nvidia’s banned Blackwell AI chips by using data centres in Japan and Australia, instead of bringing the hardware into China. The setup lets Tencent keep training advanced AI models while staying outside US export rules.
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