In the aftermath of FTX’s collapse, the cryptocurrency industry was thrown into turmoil. Prices dropped, investors rushed to minimize their losses, and startup funding dried up. Amidst the chaos, all eyes turned to Changpeng Zhao, the founder of Binance, who became the last remaining tycoon in the crypto world after Sam Bankman-Fried’s swift downfall.With a […]
The Hong Kong Police Force has issued a warning after 11 customers of cryptocurrency exchange Binance fell victim to text message phishing scams. The fraudsters posed as Binance and sent malicious messages to users, convincing them to click on a link to verify their identity details. Unfortunately, by doing so, the users unknowingly gave the […]
He Jinbi, the founder of Chinese company Maike Metals International, has been arrested by Chinese authorities. This comes as part of President Xi Jinping’s ongoing crackdown on founders and executives of large firms. Maike Metals International, once China’s largest copper importer, has faced a liquidity crisis and filed for preliminary restructuring earlier this year. The […]
Crypto exchange Binance has complied with requests from Israeli law enforcement to freeze accounts linked to Hamas militants. The freeze specifically targets Hamas and not the people of Palestine, according to Yi He, co-founder of Binance. He explained that Hamas is designated as a terrorist organization by the United Nations, and therefore, banks and trading […]
Israeli authorities have reportedly frozen cryptocurrency accounts belonging to the Hamas group with the help of Binance. The funds seized from these accounts have been transferred to the state treasury, although the exact amount has not been disclosed. This is not the first time Israeli authorities have taken action against Hamas-related crypto accounts, as they […]
Binance’s Industry Recovery Initiative (IRI), which aimed to support the cryptocurrency industry following the collapse of FTX, may not have been as effective as hoped, according to a new report. Binance initially committed $1 billion in its BUSD stablecoins to the IRI, but only spent $15 million before moving the remaining $985 million back to […]
The King Abdullah University of Science and Technology (KAUST) in Saudi Arabia has partnered with two Chinese universities to develop an Arabic-focused artificial intelligence (AI) system. The system, called AceGPT, is a large language model designed to function as an AI assistant for Arabic speakers. It was built on Meta’s LlaMA2 and launched by a […]
In a challenging market environment for crypto firms, Hong Kong-based venture capital firm CMCC Global has raised $100 million for its Titan Fund, aimed at supporting Asian blockchain startups. This comes as global venture capital investments in crypto have declined by 70.9% year-on-year, with a 54.5% drop in the number of deals. The fund has […]
Pi Network’s native token, PI, has been experiencing a downward trend, currently trading around $30. This comes after a spike in mid-August when the price reached $57.7, its highest level since February 2023. However, the lack of bullish news from the developers has dampened the enthusiasm of Pi Network fans who have been promoting the […]
Reports from South Korea-based Yonhap News Agency have revealed that Upbit, one of the largest crypto exchanges in South Korea, experienced over 159,000 hacking attempts in the first half of 2023 alone. This marks a significant increase compared to previous years, with a 117% increase compared to the first half of 2022 and a 1,800% […]
