• Hong Kong securities regulator warns unlicensed virtual asset trading platforms may face steep fines, imprisonment
• Tim Cook says AI, machine learning are part of ‘virtually every product’ Apple is building
• MakerDAO DAI supply gains $200M as interest rate surges to 8%
Hong Kong Securities Regulator Warns Unlicensed Virtual Asset Trading Platforms
The Hong Kong securities regulator has warned that unlicensed virtual asset trading platforms may face steep fines and imprisonment. The regulator also stated that any person operating an unauthorized platform would be subject to legal action.
Tim Cook Says AI, Machine Learning Are Part of ‚Virtually Every Product‘
Apple CEO Tim Cook recently announced that Artificial Intelligence (AI) and machine learning are now a part of „virtually every product“ the company is building. He stated that Apple was focused on using its technology to make its products more accessible and user-friendly for everyone.
Curve Attacker Begins to Return Stolen Funds After Bounty Issued
After Curve Finance issued a bounty for information leading to the return of stolen funds from a recent attack, the attacker has begun returning some of the stolen funds. It is unclear how much money has been returned or if the attacker will continue giving back stolen funds.
New York Attorney General Probing Digital Currency Group in Relation to Genesis Global Capital: Report
According to reports, the New York Attorney General’s office is probing Digital Currency Group in relation to Genesis Global Capital’s offering documents and other activities related to initial coin offerings (ICOs). The investigation comes after DCG purchased Genesis earlier this year.
MakerDAO DAI Supply Gains $200M as Interest Rate Surges To 8%
MakerDAO’s decentralized stablecoin, Dai (DAI), saw its market cap increase by $200 million after its interest rate surged up 8%. This high yield rate was available with no additional risk and saw 611 million DAI deposited into the protocol’s Dai Savings Rate contract – up from 339 million recorded just one day prior.