The popular artificial intelligence (AI) chatbot, ChatGPT, has seen a decrease in user traffic worldwide for the third consecutive month this August, according to data from analytics company Simliarweb. In August, desktop and mobile site traffic to OpenAI’s popular chatbot from visitors worldwide decreased by 3.2% to 1.43 billion. This follows a 10% drop in traffic the two months prior.…
In an order issued on Thursday, the U.S. commodities regulator filed and settled charges against three decentralized exchanges (DEXs), imposing fines and issuing “cease and desist” orders. The Commodities and Futures Trading Commission (CFTC) acted against three DeFi protocols, Opyn, ZeroEx (0x) and Deridex, for “illegally offering leveraged and margined retail commodity transactions in digital assets,” among other charges. The…
Commodity Futures Trading Commission (CFTC) Commissioner, Commissioner Summer K. Mersinger, has said that he is concerned that the United States CFTC is considering enforcement actions related to decentralized finance (DeFi) protocols rather than engaging with the public. In a public statement issued on Sept. 7, the dissenting commissioner expressed his misgivings about the approach taken by the CFTC in these cases,…
Zero-knowledge (ZK) proof solutions have proved critical in helping scale the Ethereum ecosystem, but proto-danksharding is expected to drastically reduce the cost of rollups, according to Consensys’ zkEVM Linea head Nicolas Liochon. Speaking exclusively to Cointelegraph Magazine editor Andrew Fenton during Korea Blockchain Week, Liochon estimated that proto-danksharding could further reduce rollup costs by 10 times. Proto-danksharding, also known by its…
The former CEO of Turkish crypto exchange Thodex, Faruk Fatih Özer, was sentenced to 11,196 years in prison by a Turkish court on charges of “establishing, managing and being a member of an organization”, “qualified fraud”, “laundering of property values”. The Anatolian 9th High Criminal Court sentenced Ozer along with his two siblings to the same jail sentence of 11…
Institutions are not only oblivious to the crypto bear market—they are outright bullish. That’s according to crypto data provider Amberdata, which teamed up with global financial services analyst Coalition Greenwich to research how asset managers are approaching digital assets. In their Digital Assets: Managers Fuel Data Infrastructure Needs report, published Wednesday, the firms assessed sixty asset managers from the U.S. in its…
Our weekly roundup of news from East Asia curates the industry’s most important developments. $500B firm partners with Polygon South Korea’s Mirae Asset Security Token Working Group, with over $500 billion in assets under management (AUM), is collaborating with Ethereum layer-two scaling solution Polygon (MATIC) for security tokenization initiatives. According to a Sept. 7 press release, Mirae Asset Securities has…
Bitcoin (BTC) is about to test hodlers with a “mid cycle lull” before starting a bull run in late 2024, a new BTC price model states. According to its creator, popular analyst CryptoCon, the “November 28th Cycles Theory” demands the BTC price all-time high in 2025. Countdown to BTC price “bull run launch” Amid debate over the nature of the…
Zero-knowledge proof (ZK-proofs) solutions have proved critical in helping scale the Ethereum ecosystem, but proto-danksharding is expected to drastically reduce the cost of roll ups according to Consensys’ zkEVM Linea head Nicolas Liochon. Speaking exclusively to Cointelegraph Magazine editor Andrew Fenton during Korea Blockchain Week, Liochon estimated that proto-danksharding could further reduce rollup costs by 10 times. Proto-danksharding, also known…
With millions of dollars worth of assets being lost to phishing attacks after signing malicious permissions, the threat of losing crypto assets from questionable links is very real. When these are paired with platforms allowing hidden links, users are subjected to a different kind of risk. On Sept. 4, Web3 security provider Pocket Universe shared how scammers are able to…
