Can ChatGPT-powered AI agents really trade crypto for you?

Can ChatGPT-powered AI agents really trade crypto for you?

ChatGPT can help build AI agents that trade crypto, but success depends on the strategy, risk management and market execution, not ChatGPT alone. ChatGPT-powered AI agents automate trading tasks using natural language prompts and API integrations, improving speed and consistency. Successes occur when ChatGPT is used as a support tool, not a fully autonomous trading…

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Microsoft takes legal action against infostealer Lumma

Microsoft takes legal action against infostealer Lumma

Microsoft says a US court gave it the green light to disrupt 2,300 websites critical to Lumma Stealer’s operations. Tech giant Microsoft says it has taken legal action against the information-stealing malware Lumma Stealer and has blocked thousands of websites related to the software. Microsoft said in a May 21 blog post that a federal…

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Synthetix scuttles M Derive deal after community concerns

Synthetix scuttles $27M Derive deal after community concerns

Derive tokenholders were worried about the exchange rate and the overall benefit to the platform, with one user claiming Derive generates more revenue than Synthetix. Decentralized finance platform Synthetix has axed its $27 million plan to acquire crypto options platform Derive after negative community feedback. A Synthetix spokesperson told Cointelegraph on May 22 that its…

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Australian regulator asks High Court to allow appeal in Block Earner case

Australian regulator asks High Court to allow appeal in Block Earner case

A Block Earner spokesperson told Cointelegraph that ASIC’s case against the firm has escalated to a “broader legal question” around the definition of a financial product. Australia’s financial regulator will seek the High Court’s permission to appeal a lower court’s ruling favoring fintech firm Block Earner, which found the company’s crypto-linked fixed-yield earning service is…

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VanEck to launch Avalanche ecosystem fund

VanEck to launch Avalanche ecosystem fund

Idle capital will be deployed onchain into real-world asset (RWA) projects, the asset manager said. VanEck plans to launch a private digital assets fund in June targeting tokenized Web3 projects built on the Avalanche blockchain network, the asset manager said in a statement shared with Cointelegraph. The VanEck PurposeBuilt Fund, available only to accredited investors,…

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Coinbase breach hit almost 70k users — Attorneys

Coinbase breach hit almost 70k users — Attorneys

A complaint filed with the Maine Attorney General’s office also alleges the attack was only discovered six much after it occurred. A recent filing with Maine’s attorney general sheds new light on Coinbase’s data breach, claiming that nearly 70,000 users were impacted and that the incident went unnoticed for nearly six months. According to the…

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Bank lobby is 'panicking' about yield-bearing stablecoins — NYU professor

Bank lobby is 'panicking' about yield-bearing stablecoins — NYU professor

Citing sources close to the banking lobby, Austin Campbell says financial institutions are spooked by stablecoins that pay interest. America’s powerful banking lobby is “panicking” over the potential of stablecoins to disrupt their traditional business model, particularly when it comes to yield-bearing stablecoins, according to Austin Campbell, a New York University professor and founder of…

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