Search
🥛 How to get exposure to crypto w/o owning crypto! 🎯
Today’s edition is brought to you by Stier Trade– an account abstraction-powered trading & automation platform that merges the best features of CEXs with the privacy of DEXs. Join the new meta of memecoin trading!GM! This is Milk Road, the crypto newsletter that's like that first Friday sip of your favorite drink—smooth, refreshing, and just what......
Tether Discloses $5.2 Billion Profit in First Half of 2024
Stablecoin issuer Tether has released its Q2 2024 attestation report. The report was independently verified by global accounting firm BDO, where the company shared details of its finances in the first half of 2024. Key points: Tether unveils a $5.2 billion profit in the first half of 2024. Group equity soared to nearly $12 billion.......
Golem Moves 36,000 Ethereum to Binance And Coinbase Amidst Market Uncertainty
Golem has transferred a substantial amount of Ethereum (ETH) to various cryptocurrency exchanges over the past month. Golem is one of the most prominent Ethereum Initial Coin Offering (ICO) projects. Key points: Golem transferred 36,000 ETH (approximately $115 million) to exchanges in 37 days. The project still holds 157,360 ETH, valued at about $530 million.......
FTX Reveals Plan to Reimburse Creditors, Most Will Receive 118% of Claims
The cryptocurrency exchange FTX has announced a reorganization plan that aims to fully compensate its creditors. Surprisingly, most creditors stand to gain more than they initially lost. In a late Tuesday court filing, FTX estimated its debt to creditors to be around $11.2 billion. However, it has managed to secure between $14.5 billion and $16.3......
Google Sues Alleged Chinese Scammers for Cryptocurrency Fraud
Alphabet Inc.'s Google has filed a lawsuit against two individuals based in China. The tech giant accused them of using the company's platforms to distribute and advertise fraudulent cryptocurrency apps, according to Bloomberg. The lawsuit, filed in federal court in New York on Thursday morning, alleges that the defendants engaged in racketeering, violating the Racketeer......
Portuguese Data Regulator Temporarily Limits Worldcoin
The National Data Protection Commission (CNPD), Portugal's data regulator, has decided to temporarily limit Worldcoin and its collection of biometric data through its Orb devices within the country. The measure aims to protect the rights of Portuguese citizens, particularly minors. This measure comes into effect immediately and will stay in place until the conclusion of......
🥛 Ethereum’s in the hot seat 🧐
Today’s edition is brought to you by DeepBrain Chain – a decentralized high-performance GPU computing network backed by a dynamic community uniting developers, investors, founders, and policymakers who are leading the charge in mainstreaming cryptocurrency. Visit DeepBrain Chain to learn more!GM. This is Milk Road, where we share crypto wisdom like passing down a family recipe......
Coinbase Report Urges Caution on Emerging Crypto AI Sector
A new report from Coinbase suggests the recent hype and growth around cryptocurrencies related to artificial intelligence may ultimately prove unsustainable long-term without additional progress. The analysis strikes a note of current market enthusiasm, pushing many AI tokens notably higher. Key details: It comes amidst notable gains for tokens tied to AI sector advancements, massively......
SEC Charges Crypto Trader With Defrauding Students of $1.2 Million
The U.S. Securities and Exchange Commission (SEC) charged crypto trader Brian Sewell and his firm Rockwell Capital Management with fraudulently soliciting $1.2 million from students under false pretenses and losing the money to hackers. Key details of the SEC complaint: Sewell allegedly promised students AI-powered crypto hedge fund returns through his "Rockwell Fund." 15 students......
Vitalik Buterin Outlines Potential Crypto + AI Use Cases and Risks
Ethereum co-founder Vitalik Buterin recently explored emerging intersections between crypto and artificial intelligence in an extensive blog post. He argued that certain applications appear to be far more robust than others currently. Buterin categorized crypto + AI opportunities into four types, ordered by viability: Most Viable AI participates trustlessly in blockchain mechanisms as players. Rewarded......
