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 […]
On October 5th, the Reserve Bank of Zimbabwe (RBZ) launched a new digital token called Zimbabwe Gold (ZiG) as a payment method. This initiative was first introduced by the central bank in April 2023, with the aim of encouraging local investors to invest in national assets rather than relying on the American dollar. The RBZ […]
Cardano founder Charles Hoskinson has criticized the media for giving former FTX CEO Sam Bankman-Fried a “free pass” and compared him to notorious fraudster Bernie Madoff. Hoskinson accused the media of ignoring evidence of misappropriation and theft of customer funds by Bankman-Fried and FTX. He specifically called out author Michael Lewis for his book on […]
In a recent Twitter thread, Conor Grogan, Coinbase’s director of product strategy and business operations, has shed light on how Alameda Research, a trading firm associated with FTX, played a significant role in the dominance of Tether’s USDT stablecoin. Grogan’s on-chain analysis revealed that Alameda minted a staggering $39.55 billion worth of USDT, accounting for […]
Charles Hoskinson, the creator of Cardano, has criticized the media’s favorable portrayal of Sam Bankman-Fried (SBF), the founder of FTX, who is currently facing a criminal trial. Hoskinson referred to SBF as “the Bernie Madoff of my generation” and expressed disapproval of the elite support he has received, particularly in a new book by Michael […]
Cardano’s Project Catalyst Fund10 recently concluded with record-breaking participation and a surge in community engagement. Over 400,000 ADA enthusiasts participated in the funding round, submitting 1,500 developmental ideas. However, amidst the ambitious funding requests and applications, controversies arose, highlighting the need for scrutiny and transparency in decentralized funding initiatives.Project Catalyst, known as the largest decentralized […]
The Bitcoin developer community has introduced a groundbreaking methodology called BitVM, which allows for Turing-complete Bitcoin contracts without modifying the network’s consensus rules. BitVM verifies computations rather than executing them directly on Bitcoin, similar to optimistic rollups. This development has sparked excitement and debate on online forums, with some suggesting that BitVM could render altcoins […]
In a recent security breach, Ordswap, a prominent marketplace for Bitcoin Ordinals, has lost control of its website, putting users at risk of phishing attacks. The compromised website directed users to a phishing link, aiming to trick them into revealing their private keys and sensitive information, posing a severe threat to their cryptocurrency assets. In […]
Trust Wallet Token (TWT) has experienced a significant 20% increase in value, standing out amidst a week of modest gains in the digital asset markets. Trust Wallet, a popular self-custody hot wallet for cryptocurrencies, has gained recognition for its reliability and user-friendly experience, accumulating over 70 million downloads since its acquisition by Binance in 2018. […]
