After years of rampant speculation and frantic tea-leaf reading by cryptocurrency fans—and Dogecoin fans in particular—tech billionaire Elon Musk coldly put to rest any prospects of Twitter (or X) launching its own crypto token. The news came not in a formal announcement, or even a Twitter post, but in a reply to another user. “Elon Musk and 𝕏 never launched…
Lending platform Alchemix has announced the return of all stolen funds by the Curve finance hacker. The attack took place on July 30 and resulted in over $61 million in cryptocurrencies drained, including $13.6 million from Alchemix’s alETH-ETH pool. Along with Alchemix, JPEGd’s pETH-ETH pool saw outflows of $11.4 million, and Metronome’s sETH-ETH pool was drained in over $1.6 million.…
Top Stories This Week The decentralized finance (DeFi) ecosystem experienced a challenging week after a seismic security incident led to over $61 million being stolen from Curve Finance’s pools, leaving several protocols facing broader contagion risks. This attack exposed vulnerabilities across DeFi projects and sparked efforts to recover stolen funds over the past few days, hammering the performance of tokens…
Digital Currency Group (DCG) is reportedly under investigation in New York for financial transactions involving its subsidiary, Genesis Global Capital. Source: https://cointelegraph.com/public/index.php/news/new-york-probes-transactions-genesis-ties-with-barry-silbert
Digital Currency Group (DCG) is now under scrutiny for its financial transactions involving its subsidiary, Genesis Global Capital. The investigation is reportedly being conducted by New York Attorney General Letitia James, Bloomberg reported, citing sources familiar with the matter. Federal prosecutors and the Securities and Exchange Commission are reportedly engaged in investigating, seeking interviews with potential witnesses associated with both…
Thanks to rapid developments in artificial intelligence, chatbots can now do everything from writing an essay, being a virtual girlfriend, serving as a meditation guru, and in the case of Kundli GPT, working as a personal tarot reader and psychic. Based on OpenAI’s ChatGPT, Kundli GPT is a chatbot that provides astrology advice to users based on their birthday and…
Bitcoiners rejoiced this week when KPMG, one of the “big four” worldwide accounting firms, published a report that underscored how the protocol can contribute in a positive manner to the three pillars of the ESG investing framework: environmental, social, and governance. KPMG’s research is pivotal, says CH4 Capital co-founder and renowned ESG analyst, Daniel Batten. “No matter what your view…
Experts warn children may form emotional bonds with AI, overshadowing human relationships and hindering social skills development. Source: https://decrypt.co/151434/ai-effects-on-kids-children
Crypto influencer Evan Luthra has brought a lawsuit against crypto exchange Bitget for freezing his account after a new token listing in March. According to Luthra, the exchange suspended his withdrawals, and froze $200,000 in Tether (USDT), while attempts to seek clarification went unanswered. Luthra’s involvement with the ReelStar project serves as a backdrop to these events. The influencer was…
Illustration by Mitchell Preffer for Decrypt. It was the sixth consecutive week of underwhelming price performance by leading cryptocurrencies. There was a dearth of adoption or regulation stories, which for crypto fans and holders made this one of the slowest weeks in recent memory. Market leader Bitcoin (BTC) fell 1.1% over the last seven days and currently trades at $28,972.…
