A deepfake video showing Australian tycoon Andrew Forrest endorsing a scam cryptocurrency platform, ‘Quantum AI’, has sparked outrage after appearing on Facebook. This incident is the newest addition to a growing list of bogus advertisements featuring manipulated visuals of well-known personalities, thereby fueling distrust in media. Identified by Cybertrace, the video distorts Forrest’s words and actions from a prior ‘fireside chat’ held by the Rhodes Trust in October 2023. Despite Meta, the pa

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Congress members Mike Flood, Wiley Nickel, and Senator Cynthia Lummis have introduced measures to repeal the Staff Accounting Bulletin 121 (SAB 121) from the U.S. Securities and Exchange Commission (SEC). The ‘SEC crypto custody rule,’ as it’s widely referred to, imposes constraints on banks that aim to safeguard their customers’ cryptocurrency assets, requiring them to record these digital assets in the balance sheet. This trio initiated a resolution under the Congressional Review Act on Februa

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Although the Solana SOL price saw a 9.8% fall between January 30 and February 1, the activity on the network is on the rise. In the past month, SOL’s value has decreased by 10.7%, lagging behind EtherEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. (ETHEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH.) and BNB, which experienced a decrease of 1.2% and 2.6% respectively. This downward trend has led to doubts about SOL’s performance, particularly when the robustness of its network fundamentals is taken into account. The crypto market in general has been under pressure following the U.S. Feder

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