The amount of cryptocurrency lost to “rug pull” or “exit scams” — where founders suddenly up and leave with investors’ money — had outpaced the amount stolen from decentralized finance (DeFi) projects in May, a blockchain security firm has revealed. A June 1 report from Beosin said in May total losses from rug pulls and scams reached over $45 million…
Galaxy Digital CEO Mike Novogratz has described the broader crypto market as being “lackadaisical” — or lacking enthusiasm — due mainly to a shying away of institutional investors from cryptocurrencies. In a June 1 interview with CNBC, Novogratz said that while the relatively small retail buyers add some stability to the market with their modest holdings, the lack of large-scale…
Despite a 44% decline in Bitcoin (BTC) mining profitability over the last year, some Bitcoin mining companies have continued to build and increase production, according to recent announcements. On June 1, American Bitcoin mining firm CleanSpark announced that it had purchased 12,500 brand-new Antminer S19 XP units for $40.5 million. The deal worked out at $23 per terahash per second…
Global search interest for the term “AI” has reached a new all-time high on Google, though it’s yet to hold a candle to Bitcoin (BTC) peak mania in 2017, data has revealed. Artificial intelligence has dominated headlines over the past few months, with some suggesting that it’s the latest “tech fad” after crypto and the Metaverse. Most recently, OpenAI executives…
The crypto community on Twitter warned others not to click on a link posted on OpenAI CTO Mura Murati’s Twitter account, which promised a free airdrop. Source: https://cointelegraph.com/app/public/index.php/news/open-ai-cto-twitter-hacked-promoting-scam-airdrop
In a major step towards mainstream gamer adoption for crypto, Nike’s nonfungible token (NFT) platform .Swoosh will soon be integrated with EA Sports games, potentially allowing Nike’s virtual footwear and apparel to appear in games. In a June 1 statement, Nike said that its “virtual creations” — its way of saying NFTs — will start being incorporated into EA Sports…
The Twitter account of Mita Murati, the chief technology officer of artificial intelligence firm OpenAI, has seemingly been hacked with the latest tweet promoting a “scam” cryptocurrency token. On June 2, Murati’s account tweeted what appears to be a phishing link promising an airdrop of a purported ERC-20 token OPENAI named after the firm that created ChatGPT. We proudly present…
The United States Air Force (USAF) has been left scratching its head after its AI-powered military drone kept killing its human operator during simulations. Apparently, the AI drone eventually figured out that the human was the main impediment to its mission, according to a USAF colonel. During a presentation at a defense conference in London held on May 23 and…
intermediate Despite being named after a Roman god (or a planet, whichever one you prefer), Jupiter’s goal is to be the people’s blockchain. The project aims to be as widely accessible as possible while maintaining a high level of both security and usability. The network’s native cryptocurrency, JUP, hasn’t caused a roar on the crypto market yet. As a coin…
intermediate Chain XCN is a relatively new cryptocurrency that has been making headlines recently because of its rapid price appreciation. It is listed among the top 250 cryptocurrencies by market cap, and while some experts predict that the run-up is unsustainable and that the price will crash soon, others believe that Chain XCN still has much further to go. So,…
