SoFi Taps BlockFi Co-Founder Flori Gilroy to Help Lead Renewed Crypto Push

Postquant Labs, in partnership with D-Wave Systems, has introduced Quip Network, a quantum-classical blockchain testnet for mining cryptocurrency using quantum computers. Miners solve optimization problems instead of hash-based calculations, earning QUIP tokens for accessing quantum computing time.

Coinbase announced plans to refine services after receiving conditional approval for a national trust bank charter from the OCC. The charter will provide regulatory uniformity for custodying assets, enabling the exchange to create new products for individuals and institutions.

Vitalik Buterin detailed his private and secure AI setup, running it on local hardware to prevent unauthorized actions. He uses a custom tool with a large language model for added security, emphasizing the importance of human approval for AI actions.

A hoax about the death of Jonathan, a nearly 200-year-old tortoise, went viral on April Fool's Day, causing confusion and prompting a clarification from the Governor's Office. Despite the fake news, Jonathan remains a beloved symbol on St Helena, with a dedicated team monitoring his well-being.

The CFTC has finalized a disgorgement order against former FTX engineering head Nishad Singh, requiring him to pay $3.7 million for misappropriated customer assets. Singh also faces a five-year trading ban and an eight-year registration ban.

Over $600,000 in cryptocurrency was recovered and forfeited by the U.S. Attorney's Office for the District of Connecticut from a fraud scheme involving a phishing scam targeting a Ledger hardware wallet user. The FBI and state police traced the funds, leading to the seizure of $600,000 in USDT stablecoin.

Geopolitical tensions in the Middle East have impacted the crypto market, causing volatility and uncertainty. The conflict has led to fluctuations in oil prices, inflation concerns, and shifts in risk sentiment, affecting the performance of cryptocurrencies like Bitcoin and Ethereum.

An expert suggests that criminals find USDT difficult to trace, leading to demands for payment in the stablecoin for revenge attacks in South Korea. Criminals infiltrated a delivery firm to access personal data for executing attacks, with police struggling to cope with the rise in crypto-powered revenge incidents.

SoFi is introducing SoFi Big Business Banking, a platform allowing companies to manage both traditional and crypto funds in one place. This service enables firms to hold U.S. dollars, convert them to stablecoins, and transfer funds 24/7 within SoFi's regulated bank, streamlining operations for businesses in the crypto space.

Coinbase's Chief Legal Officer mentioned progress on the Clarity Act, a bill that has caused controversy due to its stablecoin yield provisions. The bill's fate could impact the crypto market and Coinbase's stock, with negotiations ongoing to address concerns.