Stanford University will return millions of dollars in “gifts” that it received from collapsed crypto exchange FTX at the behest of FTX founder Sam Bankman-Fried’s parents. The school was offered gifts from the collapsed crypto exchange via the FTX Foundation and FTX-related companies “largely for pandemic-related prevention and research,” a spokesperson for the institution told Fortune. They added that the…
Cryptocurrency exchange CoinEx is set to resume deposit and withdrawals for its users more than a week after it suffered a $70 million hack due to compromised hot wallet private keys. In previous correspondence with Cointelegraph, the exchange outlined its priority to build and deploy a new wallet system to facilitate activities for the 211 blockchains and 737 tokens that it…
Curiosity might have killed the cat, but for musicians, it’s often the launchpad of creativity and innovation. 2023 saw the rapid growth of OpenAI’s powerful ChatGPT artificial intelligence tool, and technologies like Midjourney and Dall-E have provided content creators the ability to literally become a one-man band — or a one-person production studio. Keeping pace with the rapid evolution of…
Meta has refuted claims that its artificial intelligence (AI) model Llama was trained using copyrighted material from popular books. In court on Sept. 18 Meta asked a San Francisco federal judge to dismiss claims made by author Sarah Silverman and a host of other authors who have said it violated copyrights of their books in order to train its AI…
The front-end websites of popular decentralized exchange (DEX) Balancer were hit by a Domain Name System (DNS) attack on September 19. Hackers compromised Balancer’s domain names to redirect users or their transactions to a malicious destination. The Balancer team first alerted users about interacting with the balancer UI yesterday at 7:49 pm EST. The balancer team updated in a recent…
Binance CEO Changpeng Zhao has disputed a recent report that claimed the executive took a $250 million loan from BAM Management, a firm that acts as Binance.US’ holdings company. On Sept. 19, a report from the media outlet Decrypt interpreted court documents related to a lawsuit between Binance and the United States Securities and Exchange Commission (SEC). The report said…
Rashawn Russell, a former investment banker at Deutsche Bank, has pleaded guilty to charges of misappropriating funds from investors who were lured by promises of significant returns from cryptocurrency trading, according to the U.S. Justice Department. Russell’s guilty plea comes after he was charged with orchestrating an elaborate fraud scheme in April. He now faces the possibility of up to…
If you’ve recently received an email from “aidrops@decrypt.wal” directing you to a DCPT token swap, don’t click on it; it is a scam. First and foremost: do not click on any links in these emails. These links may lead you to phishing websites designed to steal your personal information or cryptocurrency. Do not share any personal information, wallet addresses or…
Major cryptocurrency investment firm Grayscale has finally taken a decision to abandon all the rights to the post-Merge proof-of-work (PoW) Ethereum tokens (ETHPoW). Announcing the news on Sept. 18, Grayscale said that the firm has “irrevocably abandoned” all the rights to ETHPoW tokens on behalf of the record date shareholders of each product. After thorough review, Grayscale determined that the…
On-chain data suggests that Bitcoin (BTC) holders are accumulating BTC with exchange holdings down to yearly lows and the percentage of inactive BTC supply at all time highs. According to Glassnode’s Bitcoin supply last active chart, inactive BTC that has not moved from an address for more than 1, 3 and 5 year time frames has been at all time…
