Crypto recovery specialists reveal how lost wallets, passwords and seed phrases can sometimes be recovered — but that’s of no help if the money was never there in the first place. When a client named Rusty contacted crypto recovery specialist Chris Brooks in 2021, he said he and two others had won 5,000 Bitcoin in a court case, worth around $53 million at the time. They immediately set up a Zoom call to discuss the case. “There were three guys on the call, and one of them holds up a phone. It has like $53 million in a Bitcoin address,” says Brooks, founder and chief executive of CryptoAssetRecovery.com. Read more
VARA and Securitize signed an MoU to foster more tokenization innovation in Dubai and explore how tokenized financial innovation should be regulated in the region. Dubai’s Virtual Assets Regulatory Authority (VARA) and BlackRock-backed tokenization platform Securitize signed a Memorandum of Understanding (MoU) to advance tokenization and digital asset infrastructure across the United Arab Emirates and Dubai. The MoU will establish a collaborative framework to support regulated tokenization initiatives, foster institutional participation and strengthen Dubai’s digital asset ecosystem, the companies said in a Thursday announcement shared with Cointelegraph. VARA and Securitize seek to support tokenization initiatives in Dubai, including projects initiated by VARA, to attract more talent and explore how tokenized financial products should operate under Dubai’s regulatory framework. Read more
Nvidia agreed to buy Hugging Face for $12.93 billion, gaining a platform used by more than 18 million developers to share and deploy AI models. Update (Sept. 3, 1:30 PM UTC): This article was updated to clarify details of the acquisition. Nvidia has agreed to acquire Hugging Face for $12.93 billion, extending its reach into the software and tools developers use to build artificial intelligence. The chipmaker agreed to acquire Hugging Face, which serves more than 18 million developers and hosts over 3 million models, Nvidia CEO Jensen Huang said in a Thursday announcement. Read more