The CEO of the Recording Academy that hosts the yearly Grammy Music Awards has cleared up misconceptions regarding the eligibility of an artificial intelligence (AI)-generated Drake song for award nomination. On Sept. 8 Harvey Mason Jr. took to Instagram and released a video clearly stating that the track is “not eligible for Grammy consideration” and wanted to be extra clear…
Lighting Network helps Bitcoin solve its scalability problem and compete against newer cryptocurrency projects that promised comparatively faster and cheaper tr… Source: https://cointelegraph.com/public/index.php/news/coinbase-bitcoin-lightning-network-integration-brian-armstrong
The attack on crypto exchange CoinEx which drained at least $55 million was carried out by the North Korean hacker group Lazarus, according to blockchain security firm SlowMist and on-chain investigator ZachXBT. The hacker group was identified after they mistakenly connected their address to the recent Stake and Optimism hacks. It appears North Korea is also responsible for the $54M…
A pyramid scheme is a dishonest investment plan that lures people with claims of large profits, usually by recruiting new participants. Individuals involved in a pyramid scheme are required to make an initial financial investment, and rather than engaging in genuine product or service sales, their primary emphasis is on convincing others to become part of the scheme. A hierarchical…
The judge overseeing Sam Bankman-Fried’s trial has rejected the FTX founder’s plea for pretrial jail release. In court filings published on Tuesday, Judge Lewis A. Kaplan detailed why he considers that Bankman-Fried’s arguments for pretrial release lacked substantial weight. “Defendant largely ignores the fact that he had extensive access to most of the ESI (electronically stored discovery and other material)…
Polygon co-founder Sandeep Nailwal believes the layer 2 blockchain firm is reaping the benefits of allocating $1 billion to develop zero-knowledge proof (ZK-proof) powered scaling solutions for the Ethereum ecosystem. Speaking at a keynote address during the latest edition of the Token2049 conference in Singapore, Nailwal touched on the development of ‘Polygon 2.0’ scaling efforts and the promise of recursive…
The web platform Opera revealed its plans to launch a non-custodial stablecoin wallet integrated into its mobile web browser which will be made available to its user base in Africa. On Sept. 13, the web services provider introduced the MiniPay wallet integration, built on the Celo blockchain, that allows users in Africa to send or receive stablecoins by using their…
Crypto exchange CoinEx has suspended withdrawals from its platform after a suspected hacker drained millions of dollars’ worth of tokens from the site. After several cybersecurity firms raised the alarm yesterday on X, formerly known as Twitter, Coinex said it had “detected anomalous withdrawals from several hot wallet addresses used to store CoinEx’s exchange assets.” Initial alerts indicated that the…
In the midst of the global fintech market downturn, the crypto and blockchain sector managed to become a leader in investments in a number of major European markets. According to the report “State of European FinTech”, released by the Amsterdam-based fintech venture fund Finch Capital, Europe, Middle East and Africa (EMEA) region experienced a 50% drop in fintech investments in the…
Adobe, IBM, Nvidia and five other companies have endorsed U.S. President Joe Biden’s voluntary artificial intelligence (AI) commitments, including watermarking AI-generated content. This announcement was made by the White House on Tuesday, Sept 12. The White House Chief of Staff, Jeff Zients, emphasized the urgency of leveraging AI’s advantages, mitigating its risks and rapid action, stating, “We’re collaborating with the…
