Artificial intelligence (AI) has developed at a furious pace—and has become undeniably proficient at everything from creating visual effects in television shows and movies to writing and producing award-winning pop songs to coming up with new memes. While the benefits and challenges of AI for early adopters are many, even those outside of the AI world must reckon with the…
A scammer using zero transfer phishing attack managed to steal $20 million worth of USDT stablecoin on Aug. 1, before getting blacklisted by the stablecoin issuer Tether. According to an update from on-chain analytic firm Peckshield, A zero transfer scammer grabbed 20 million USDT from the victim address 0x4071…9Cbc. The intended address that the victim planned to send money to…
The government of Ukraine has recently approached the local cryptocurrency industry with a new request to provide certain financial information. The National Bank of Ukraine (NBU) had demanded four local crypto firms — Kuna, CoinPay, GEO Pay and Qmall — to provide financial statements for the first two quarters of 2023. The NBU has demanded the crypto businesses to provide…
As the Big Tech giant Meta focuses on retaining its users, it plans to launch several AI-powered chatbots with different personalities and functions. Source: https://cointelegraph.com/app/public/index.php/news/meta-to-launch-ai-chatbots-with-personalities
ChatGPT is a cutting-edge language model powered by the GPT-3.5 architecture, which can generate human-like text and engage in conversations on a wide range of topics, including cryptocurrencies. As the crypto space gains traction, exploring artificial intelligence (AI)-generated insights can offer valuable perspectives and ideas. However, comprehending ChatGPT’s output on crypto-related matters requires a nuanced approach. In this article, we…
LeetSwap, the leading decentralized exchange by trading volume and liquidity on Base, an Ethereum layer-2 solution by Coinbase, paused trading on its platform due to potential exploitation of the platform’s liquidity pools. The decentralized exchange’s team said in a tweet this morning that some liquidity pools on the DEX “might have been compromised” and trading will remain paused as they…
FTX Trading Ltd., under the leadership of its new CEO John J. Ray III, has unveiled a new draft plan to “reboot” the collapsed crypto exchange. The proposal, released on Monday, offers FTX.com claimants the chance to hold equity securities, tokens, or other interests in a newly formed offshore company. The draft plan outlines the debtors’ strategy to categorize claimants…
The United States’ top tax authority, the Internal Revenue Service (IRS), has issued a new ruling clarifying the treatment of income earned via staking crypto. According to the Revenue Ruling 2023-14, cryptocurrency staking rewards—along with all other forms of income, including money, property, and services—are now considered gross income and must be reported as such in the year they were…
While Curve Finance is still weathering the aftermath of the recent $47 million hack, another issue concerning holders of the decentralized finance (DeFi) protocol’s token has surfaced on the internet, sparking theories on how a massive dump can potentially happen. On Aug. 1, crypto research firm Delphi Digital published a Twitter thread detailing the loans taken by Curve Finance founder…
The Securities and Exchange Commission of Nigeria (SEC) issued a warning for local investors against using one of the world’s largest crypto exchanges, Binance. It refers to the previous circular, issued against the fraudulent company, which had been illegally using Binance brand. On July 28, the SEC issued a warning against investing with Binance. The Commission insists that the platform…
