ENS Accuses Unstoppable Domains of Unauthorized Technology Use
Ethereum Name Service (ENS) lead developer Nick Johnson has accused the Unstoppable Domains project of patenting technology that relies on innovations developed by ENS.
Large-Scale Bank Fraud Scheme Exposed in the U.S.
Three individuals in the United States have been arrested for allegedly stealing over $10 million from banks and financial institutions, with the stolen funds later converted into cryptocurrencies.
South Korea’s Trading Frenzy Takes the Lead
In South Korea, cryptocurrency trading volumes have seen a notable increase of 7.7% since early 2023, capturing 12.9% of the worldwide total. Leading this trend is Upbit, a dominant player in South Korea’s market.
U.S. Lawmakers Urge White House to Address Crypto in Terrorism
A bipartisan group of U.S. lawmakers has called on President Joe Biden and Treasury Secretary Janet Yellen to assess the use of cryptocurrency by the terrorist group HAMAS, including the volume of confiscated or blocked assets.
U.S. Regulators’ Readiness for FTX-Like Crises Questioned
The Chairman of the U.S. Commodity Futures Trading Commission, Rostin Behnam, recently declared that American regulators are yet to be equipped with the necessary powers to prevent a repeat of the FTX collapse.
YouTube Requires Labeling of AI-Generated Content
YouTube has announced new rules for AI-generated content to be implemented in the next few months. Channel owners will be required to specify in their video settings if their content includes realistic AI-generated images, faces, or voices.
HashKey Announces Minimum $50,000 Fee for Crypto Listing
Crypto exchange HashKey has unveiled its listing fee structure. Projects face an initial $10,000 charge for their application review. This fee is non-refundable, even if the application is rejected, and with no upfront listing guarantees.
Mutant Ape Planet NFT Creator Pleads Guilty
Aurelien Michel, the developer behind the Mutant Ape Planet digital collection, has admitted to orchestrating a $3 million fraud. Together with his accomplices, he launched a knock-off of the popular Mutant Ape Yacht Club series, duping investors with promises of perks and privileges for NFT owners.
dYdX Has Launched a Beta Version of Its Blockchain for Trading
dYdX Chain, a standalone Layer 1 platform based on Cosmos, has officially entered the beta-testing phase of its mainnet. This milestone follows a decisive governance vote, where over 99% supported the transition from post-trading to active trading.
The GROK Token Plummets Amid Fraud Allegations
GROK, a meme token inspired by Elon Musk’s artificial intelligence ventures, experienced a dramatic 50% drop in value after its developer was exposed.
Australia Tightens Regulations on Cryptocurrencies
The Australian Tax Office (ATO) has clarified its stance on decentralized finance, intending to impose capital gains tax on virtually any standard user activity.
MOON Token Surges 150% Amid Increased Project Decentralization
The value of the MOON token (Moons) has dramatically soared by over 150% following an announcement by the moderators of the r/cryptocurrency community on Reddit. They revealed a plan for complete decentralization and a major overhaul of the project’s strategy, moving away from the inflationary model.
FTX Employee Seeks Unpaid Bonus in Court
Ross Rheingans-Yoo, an ex-employee of the now-bankrupt crypto exchange FTX’s charitable arm, is pursuing legal action to claim the remaining $275,000 of a bonus he asserts was promised by Sam Bankman-Fried upon his recruitment. He has reportedly only received $375,000 for his tenure, which lasted less than a full year.
THORChain Vaults Ahead of PancakeSwap in Daily Volume
THORChain, a decentralized trading protocol, has seen its daily trading volumes skyrocket to $334 million, eclipsing PancakeSwap’s $286 million
Spanish Regulator Warns Social Network X
Spain’s National Securities Market Commission (CNMV) has alerted Social Network X to potential violations due to fraudulent cryptocurrency advertisements on the platform.
Tether Actively Prints USDT Amid Cryptomarket Growth
Tether, the issuer of stablecoins, has minted 4 billion USDT in the last 30 days, accounting for nearly 18% of all USDT issued in 2023.
OpenAI Seeks Additional Funding for Advanced AI Development
OpenAI, the creator of ChatGPT, is seeking additional investments from its primary investor, Microsoft, reports the Financial Times.
Coin Cloud Data Breach
An anonymous hacker group has reportedly compromised Coin Cloud, a Bitcoin ATM operator that declared bankruptcy earlier this year.
Former FTX Executives Launch Dubai-Based Crypto Exchange
The group will be focusing on a key aspect FTX was criticized for: safeguarding customer funds.
Digital Diva: AI Model Earns $4000 a Month on Instagram
Aitana Lopez, also known as Fit Aitana, has captivated over 110,000 followers on Instagram with a steady stream of photos that showcase only her. Yet, Aitana isn’t your typical social media influencer; she’s an AI-generated virtual model, the brainchild of Barcelona’s The Clueless agency. The company reports that Aitana’s virtual influence brings in about $4000 monthly.
Raft Falls Prey to Hacker, $3.3 Million Stolen
Raft, a platform in the decentralized finance realm, experienced a major exploit, losing $3.3 million. The hacker, however, lost the pilfered funds due to a peculiar mistake.
A Year Since FTX’s Bankruptcy: Reflecting on the Aftermath
A year has passed since November 11, 2022, the day Sam Bankman-Fried resigned as the CEO of FTX and the company filed for bankruptcy.
X’s Algorithm Update: Recommendation Revamp on the Horizon!
An update to the X recommendation algorithm, as announced by Elon Musk, is expected shortly, with a release window in the coming days. This new update code will be entirely open-source, allowing for public scrutiny by any online user.
DWF Labs Backs Velo Protocol with $10 Million Investment
The Velo Protocol project, which is working towards expanding the accessibility of cryptocurrency financial services and the wider adoption of digital assets, has received a $10 million investment from DWF Labs, a heavyweight in the market-making sector of cryptocurrency.
Genesis Proposes to Reduce 3AC Claims to $33 Million
The bankrupt crypto company Genesis has filed a court petition to approve a new settlement agreement with the insolvent hedge fund Three Arrows Capital (3AC).
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Who Is Crypto Kaleo: A Market Analyst with 700,000 Followers
Crypto Kaleo is a renowned crypto trader and one of the most followed influencers in the industry. Active since 2017, he has built a strong presence on X, TradingView, and other platforms, sharing technical analysis, market predictions, and insightful commentary on the crypto space.
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Zora Network Reviewed: A Testnet Guide
Are sky-high Ethereum fees getting you down? The folks at Zora have come up with an alternative, introducing their Layer 2 solution with lower transaction fees. This article will walk you through how to get involved with the project and earn some rewards.