Singaporean national Malone Lam has appeared in court in the United States after being charged for allegedly stealing over 4,100 BTC, currently valued at approximately $274 million, from a private investor in Washington, according to local media. Lam, 20, and his co-conspirator, Jeandiel Serrano, 21, are accused of executing a sophisticated social engineering scheme that The post Scammer who stole 4,100 Bitcoin appears in US court charged with wire fraud appeared first on CryptoSlate.

The decentralized prediction market platform Polymarket has clear outlines for resolving bets on the 2024 US Presidential Election in the event of contested results. The platform’s market, focusing on whether Donald Trump or Kamala Harris will win the presidency, will be resolved based on calls from three major news organizations: the Associated Press, Fox News, The post What happens to Polymarket bets if result of US Election is contested? appeared first on CryptoSlate.

Bitcoin proponents have issued a detailed rebuttal to a European Central Bank (ECB) paper that criticized its viability and economic impact. In the working paper by ECB officials Ulrich Bindseil and Jürgen Schaaf, Bitcoin is described as a speculative asset lacking intrinsic value, contributing to wealth concentration, and failing to enhance economic productivity. Researchers Dr. The post Satoshi Action Fund rebut ECB Bitcoin critique, highlighting flaws in recent analysis appeared first on CryptoSlate.

A major fraud trial involving crypto and diamond investments has opened in France, bringing over 20 defendants to court on charges of defrauding 1,300 individuals and several top-tier football clubs. According to local media, the proceedings began on Oct. 21 in a conference center in Nancy, eastern France, due to the large number of plaintiffs The post $28 million international crypto fraud from 2018 kicks off trial in France appeared first on CryptoSlate.

SolidityBench by IQ has launched as the first leaderboard to evaluate LLMs in Solidity code generation. Available on Hugging Face, it introduces two innovative benchmarks, NaïveJudge and HumanEval for Solidity, designed to assess and rank the proficiency of AI models in generating smart contract code. Developed by IQ’s BrainDAO as part of its forthcoming IQ The post OpenAI GPT 4o ranked as best AI model for writing Solidity smart contract code by IQ appeared first on CryptoSlate.