The battle between the music industry and artificial intelligence (AI) continues as reports claim Spotify is taking down AI-generated music. A Financial Times (FT) report revealed that the music streaming platform had removed 7% of songs created by the AI music startup Boomy, amounting to “tens of thousands” of songs. Spotify is also AIGeneratedDeletesReportedlySongsSpotifyThousands Read More
Authorities have arrested 29 people, including 13 foreign citizens in connection with the fraudulent network known as "HoggPool."
Source 620KCryptoDefraudsEgyptInvestorsReportScamThousands Read More
A former school assistant facilities director in Cohasset, Massachusetts, has been accused of operating a cryptocurrency mining operation inside a crawlspace at Cohasset High School. The Cohasset Police Department alleges that Nadeam Nahas stole nearly $18,000 in electricity to power the crypto mining scheme.
Former Cohasset School Employee Faces Charges for AccusedBitcoinCampusCohassetCrawlspaceElectricityEmployeeHighNewsSchoolStealingThousands Read More
Bitcoin miner CleanSpark is growing its mining capacity in the United States with the purchase of 20,000 new Antminer S19j Pro+ units for $43.6 million. The acquisition is expected to boost the company’s computing power by 37% and brings the total number of miners purchased during the bear market to BitmainBoostsCleanSparkComputingPowerRigsThousands Read More
In 2021, Iranian authorities banned mining and seized related equipment to deal with power shortages. Last year, the power utility, Tavanir, also clamped down on illegal crypto mining farms as power demand climbed during the summer, according to the reports. The utility has closed 7,200 illegal crypto mining centers and CourtsCryptoIranianmachinesMiningOrderReportsReturnSeizedThousands Read More
There’s a silver lining to the crash in the NFT market — millions of dollars of potential tax-savings.
To help NFT investors claim their tax-savings before the end of the year, CoinLedger recently launched an NFT tax-loss harvesting tool. Let’s break down how the tool works and how it can HarvestingLossesNFTSaveTaxesThousands Read More
According to blockchain analysis company Chainalysis, funds stolen from the FTX crypto exchange are now being converted from ETH into Bitcoin. On Nov. 20, Chainalysis took to Twitter to encourage exchanges to freeze these coins, should the thief attempt to convert them into fiat or further obfuscate the assets through BitcoinConvertsETHFTXFundsMoveThiefThousands Read More
Some 10,000 BNB tokens were converted into 2,000 ether, worth over $2.4 million at current rates, and a total of 19,714 BNB became $5 million of BUSD over two transactions. The BNB and BUSD tokens form the backbone of BNB Chain, a blockchain network closely related to the crypto exchange BNBBUSDCryptoEtherExploiterFTXStolenSwapsThousandsTokens Read More
Almost 4,000 people have used a CryptoLaw petition app to demand that Congress investigate United States Securities and Exchange Commission head Gary Gensler’s “actions in the FTX fraud,” the organization claimed in a tweet on the morning of Nov. 14. The CryptoLaw website is run by lawyer John Deaton, who is AllegedBitcoinCongressionalcryptoexchangeExchangesGenslerSBFinvestigationLinksPetitionThousands Read More
Celsius Network, the bankrupt crypto lender, accidentally doxxed all of its users. Last week, more than 29,000 pages of court documents hit the servers, revealing the financial details of hundreds of thousands of users that kept money on the “neobank” Celsius.
Source CelsiusDoxxedHundredsThousandsUsers Read More