Musk denies that Tesla will license xAI’s technology in exchange for revenue-sharing

Tesla CEO Elon Musk’s artificial intelligence (AI) startup xAI will not be licensing out its technology to the carmaker, Musk noted in an X post on Sunday. His post refuted a Wall Street Journal article published on Sept. 7, which claimed that the two companies owned by Musk had chalked out a deal. WSJ’s claims […]
The post Musk denies that Tesla will license xAI’s technology in exchange for revenue-sharing appeared first on CryptoSlate.
Cryptocurrency

Coinbase scores partial victory in legal battle against the SEC

Crypto exchange Coinbase secured a partial victory in federal court this week in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). In a filing dated Sept. 5,  the US District Court for the Southern District of New York, Judge Katherine Failla partially granted Coinbase’s motion to compel the SEC to hand […]
The post Coinbase scores partial victory in legal battle against the SEC appeared first on CryptoSlate.
Cryptocurrency

Telegram might be an unencrypted treasure trove of data and Pavel Durov might just be a geopolitical pawn

The following is a guest post by Kadan Stadelmann, CTO of Komodo Blockchain. Pavel Durov, the CEO of Telegram, was arrested this week after a four-day interrogation related–publicly at least–to the existence of illegal activity on his app, including child pornography. The ensuing media frenzy painted Telegram as an almost esoteric, privacy-centered app, which is […]
The post Telegram might be an unencrypted treasure trove of data and Pavel Durov might just be a geopolitical pawn appeared first on CryptoSlate.
Cryptocurrency

Bitcoin recovery trends show steady growth amid declining volatility

Onchain Highlights DEFINITION: Bitcoin price performance since cycle low Bitcoin’s price has demonstrated varying degrees of performance across several cycles, with 2022 marking a significant comparison point for assessing recovery trends. Notably, the 2011 to 2015 cycle saw a sharp rise from cycle lows, as prices surged dramatically during that period. The 2015 to 2018 cycle […]
The post Bitcoin recovery trends show steady growth amid declining volatility appeared first on CryptoSlate.
Cryptocurrency

Indian regulators to clear offshore crypto exchanges after strict AML review

India’s Financial Intelligence Unit (FIU-India) is reportedly set to approve two more offshore crypto exchanges to resume operations in the country by the end of the 2025 fiscal year, following a thorough review of their compliance with anti-money laundering (AML) laws. The development comes as the FIU continues to assess requests from four exchanges previously […]
The post Indian regulators to clear offshore crypto exchanges after strict AML review appeared first on CryptoSlate.
Cryptocurrency

VanEck shifts focus to spot Ethereum ETF, phases out futures fund EFUT

Asset management firm VanEck announced plans to close and liquidate its Ethereum futures exchange-traded fund (ETF) EFUT, according to a Sept. 6 statement. VanEck cited performance, liquidity, assets under management (AUM), and investor interest as factors behind its decision. The firm also noted the recent approval of its spot Ethereum ETP, ETHV, by the US […]
The post VanEck shifts focus to spot Ethereum ETF, phases out futures fund EFUT appeared first on CryptoSlate.
Cryptocurrency

Chamber of Progress demands clarity on crypto from presidential hopefuls

The Chamber of Progress, a technology industry coalition advocating for digital innovation, has urged moderators of the upcoming ABC presidential debate to include a critical question on crypto regulation. In a letter sent to moderators Linsey Davis and David Muir on Sept. 5, the organization highlighted the growing role of digital assets in the US […]
The post Chamber of Progress demands clarity on crypto from presidential hopefuls appeared first on CryptoSlate.
Cryptocurrency

Coinbase to face shareholder lawsuit over SEC risks, judge rules

A federal judge has rejected Coinbase’s motion to dismiss a proposed class action lawsuit by shareholders, Reuters reported Sept. 6. The lawsuit accuses the largest US crypto exchange of downplaying the likelihood of being sued by the US Securities and Exchange Commission (SEC). US District Judge Brian Martinotti ruled on Sept. 5 that shareholders adequately […]
The post Coinbase to face shareholder lawsuit over SEC risks, judge rules appeared first on CryptoSlate.
Cryptocurrency

Bitcoin active address momentum slows, echoes post-peak declines of 2018 and 2021

Onchain Highlights DEFINITION: This metric, compares the monthly average 🔴 of new addresses against the yearly average 🔵 to underline relative shifts in dominant sentiment and help identify when the tides are turning for network activity. Monthly 🔴 > Yearly 🔵 indicates an expansion in on-chain activity, typical of improving network fundamentals and growing network […]
The post Bitcoin active address momentum slows, echoes post-peak declines of 2018 and 2021 appeared first on CryptoSlate.
Cryptocurrency