Crypto for Advisors: Crypto Market – A Week in Review

August 29, 2024 Leave a Comment

A recap of the crypto market from August 11th to 17th.

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Fraudster who hid in London is jailed over £5.5bn bitcoin scam November 11, 2025
Zhimin Qian cheated 128,000 victims in China through a Ponzi scheme before going on the run for six yearsThe trail had been cold for five years – ever since Zhimin Qian narrowly escaped the police days after they raided her six-bedroom house in London. Then, in February 2024, detectives noticed a long-dormant bitcoin wallet flicker […]
Trump says he doesn’t know who crypto tycoon is despite having pardoned him November 3, 2025
Billionaire Changpeng Zhao pleaded guilty to enabling money laundering before president freed him last monthDonald Trump has said that he doesn’t know who Changpeng Zhao is despite pardoning the billionaire founder of cryptocurrency exchange Binance in October.The US president was asked in a 60 Minutes interview that aired on Sunday why he pardoned Zhao, who […]
‘He’s one of the few politicians who likes crypto’: my day with the UK tech bros hosting Nigel Farage October 25, 2025
The Reform UK leader is courting the crypto community in the hope it could become a campaign funding baseIt is a grey morning in Shadwell, east London. But inside the old shell of Tobacco Dock, the gloom gives way to pulsating neon lights, flashy cars and cryptocurrency chatter.Evangelists for Web3, a vision for the next […]
Surge in UK savings lost to investment scams, with fake crypto thought to top the list October 23, 2025
Banking industry data shows £629m was stolen in six months from fraud that included gold, wine and property The amount of money lost to investment scams by UK consumers has leapt 55% in a year as cryptocurrency fraudsters intensify their efforts to cheat people out of their savings, data shows.Official UK banking industry data shows […]
Trump pardons founder of Binance, world’s largest crypto exchange October 23, 2025
Changpeng Zhao pleaded guilty to failing to stop money laundering in 2023 and was sentenced to four monthsDonald Trump issued a pardon for the founder of the world’s largest cryptocurrency exchange on Thursday.“President Trump exercised his constitutional authority by issuing a pardon for Mr Zhao, who was prosecuted by the Biden administration in their war […]

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SoftBank Sells $5.8 Billion Stake in Nvidia to Pay for OpenAI Deals November 11, 2025
The move has further stoked concerns among some investors that the rally in artificial intelligence stocks was overdone.
Why Debt Funding Is Ratcheting Up the Risks of the A.I. Boom November 10, 2025
While the tech giants have plenty of money to build data centers, smaller outfits are taking on debt and taking big chances to work with them.
Blue Origin Scrubs Launch of NASA’s ESCAPADE Mission to Mars November 10, 2025
The second flight of the orbital rocket from Jeff Bezos’s space company was halted by weather. The company may try again on Wednesday.
Is A.I. a Journalist or Just a Newsroom Tool? November 8, 2025
A.I. has set off industrywide soul-searching about its potential and pitfalls.
Lawsuits Blame ChatGPT for Suicides and Harmful Delusions November 7, 2025
Seven complaints, filed on Thursday, claim the popular chatbot encouraged dangerous discussions and led to mental breakdowns.
China Resumes Some Chip Exports, Easing Fears of a Global Crunch November 7, 2025
A leading German automotive supplier said it was again allowed to ship semiconductors that Beijing had barred for export.
Vigilante Lawyers Expose the Rising Tide of A.I. Slop in Court Filings November 7, 2025
More lawyers are using artificial intelligence to write legal briefs. Some colleagues are publicizing the A.I.-generated errors.
We Met NEO, the Viral Humanoid Robot + HatGPT November 7, 2025
People have been waiting for a robot to do their chores since they watched “The Jetsons.” Can the company behind NEO finally make it happen?
Elon Musk Wins $1 Trillion Tesla Pay Package November 7, 2025
Tesla shareholders approved a plan to grant Elon Musk shares worth nearly $1 trillion if he meets ambitious goals, including vastly expanding the company’s stock market valuation.
OpenAI Races to Quell Concerns Over Its Finances November 6, 2025
The A.I. company faced pushback after a top executive raised the idea of government aid, amid concerns that the A.I. industry is headed toward a dangerous bubble.
Government Shutdown Blame Game Plays Out Online and on TV November 6, 2025
A blame game has played out on the internet and on television. President Trump has pulled out the stops.
Mark Zuckerberg and Priscilla Chan Restructure Their Philanthropy November 6, 2025
The Chan Zuckerberg Initiative said its restructured organization, Biohub, would lead its focus on artificial intelligence and scientific research.
Are A.I. Therapy Chatbots Safe to Use? November 6, 2025
Psychologists and technologists see them as the future of therapy. The Food and Drug Administration is exploring whether to regulate them as medical devices.
How A.I. and Social Media Contribute to ‘Brain Rot’ November 6, 2025
A.I. search tools, chatbots and social media are associated with lower cognitive performance, studies say. What to do?
Where You See a Fancy Fish, Engineers See Alan Turing’s Math November 6, 2025
Using a new computer model, scientists simulated the stripes, spots and hexagons on a species of boxfish, imperfections and all.
Would Elon Musk Work Harder for $1 Trillion Than $1 Billion? November 6, 2025
Economists and psychologists say that compensation may not provide as powerful an incentive as is often assumed.
How Trade Tensions Sent Automakers Scrambling for Chips November 5, 2025
Carmakers and their suppliers are piecing together new supply chains after a Chinese-owned company in the Netherlands was caught in the middle of the trade war, revealing European vulnerabilities.
Why Does So Much New Technology Feel Inspired by Dystopian Sci-Fi Movies? November 5, 2025
The industry keeps echoing ideas from bleak satires and cyberpunk stories as if they were exciting possibilities, not grim warnings.
IBM to Cut Thousands of Workers Amid A.I. Boom November 4, 2025
The technology supplier said it was shifting its focus to higher-growth businesses, including A.I. consulting and software.
The Editor Got a Letter From ‘Dr. B.S.’ So Did a Lot of Other Editors. November 4, 2025
The rise of artificial intelligence has produced serial writers to science and medical journals, most likely using chatbots to boost the number of citations they’ve published.

Crypto for Advisors: Crypto Market – A Week in Review

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