Headlines

Inmate Accused of Moving $290,000 in Crypto Already Forfeited to US Government

Key Takeaways Prosecutors allege Rossen Iossifov helped remove approximately $290,000 in cryptocurrency forfeited to the federal government. Authorities say multiple exchanges, mixing services, and a foreign bank obscured control of the seized assets. Further proceedings will determine whether prosecutors can prove the new property-removal and money-laundering charges beyond reasonable doubt. Federal Indictment Targets Alleged Transfer…

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OpenAI sold AI to Pentagon-blacklisted Chinese firms, raising alarms

OpenAI has reportedly supplied AI technology to Chinese companies on the Pentagon’s military-linked blacklist, adding fresh scrutiny to U.S. controls over advanced artificial intelligence exports. Summary OpenAI and Google reportedly provided AI access to Chinese firms on the Pentagon’s Section 1260H blacklist. The reported access has renewed debate over U.S. AI export controls and cloud-based…

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OpenAI’s Head of Safety Is Leaving the Company

OpenAI’s head of safety systems, Johannes Heidecke, told staff this week that he’s leaving the company, WIRED has learned. Heidecke’s departure follows a reorganization that sought to integrate OpenAI’s safety and research teams. In a memo to staff seen by WIRED, chief research officer Mark Chen said OpenAI’s safety teams will now report to the…

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SWIFT Launches Blockchain-Based Ledger for 24/7 Cross-Border Payments, Pilots With 17 Global Banks Using Tokenized Deposits

Swift, the cooperative behind the world’s dominant financial messaging network, announced on July 9, 2026 that its blockchain-based ledger has moved from pilot concept to operational readiness, opening the door for round-the-clock cross-border payments powered by tokenized deposits. Seventeen banks spanning six continents are now preparing to run live transactions on the new infrastructure, marking…

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US cybersecurity agency CISA had to build its incident playbook during the incident, agency reveals

U.S. federal cybersecurity agency CISA said it did not have a prepared response plan for how it should handle a cybersecurity incident in May, after an investigative reporter notified the agency that a contractor had publicly exposed sensitive keys and credentials for accessing U.S. government systems. CISA, the Homeland Security unit tasked with defending federal…

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Morgan Stanley Targets Ethereum and Solana ETF Market Share Amid Intensifying Fee Competition

Key Takeaways Morgan Stanley’s ethereum and solana filings extend the bank’s proprietary crypto ETF strategy beyond its existing Bitcoin fund. The proposed pricing suggests crypto ETFs are shifting from product novelty toward competition for investor assets. Both trusts would include staking and institutional custody but remain preliminary offerings without confirmed launch dates. Why the Crypto…

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Kraken launches AI investing assistant to challenge traditional advisors

Kraken has launched an AI-powered investing assistant that delivers personalized portfolio recommendations and market insights while keeping final trading decisions in users’ hands. Summary Kraken has launched an AI investing assistant that delivers personalized portfolio recommendations while requiring user approval for every trade. The platform builds investment plans using users’ financial goals, risk tolerance, funding…

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Sony Bank Gains U.S. Approval for Stablecoin Trust Bank

Sony’s online banking arm has secured conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank subsidiary, positioning the Japanese entertainment and technology giant to issue and manage a dollar-denominated stablecoin in the United States. The new entity, Connectia Trust, National Association, will be based in…

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