XRP holder’s attorney and crypto advocate John Deaton criticizes supporters of former FTX CEO Sam Bankman-Fried (SBF) during his ongoing trials related to the collapse of their crypto venture. Deaton expressed on his official X platform that individuals characterizing Sam Bankman-Fried as a well-intentioned individual who made “errors” and attributing the company’s rapid expansion to his loss of control are…
Huobi Global’s crypto exchange HTX has confirmed the return of the funds stolen by a hacker in late September and issued a 250 Ether (ETH) bounty after resolving the issue. One of HTX’s hot wallets was drained of 5,000 ETH on Sept. 25, worth roughly $8 million at the time. Shortly after the hack occurred, the firm contacted the hacker…
Avalanche-based Web3 social media app Stars Arena announced that it has secured the funding to cover the $3 million hole left by an exploit on Oct. 6. The team also added that it will re-open the smart contract once a full security audit has occurred. In an announcement on X, the Stars Arena team noted: “We have secured the resources…
Top Stories This Week Opening arguments begin in Sam Bankman-Fried trial The trial of former FTX CEO Sam “SBF” Bankman-Fried kicked off on Oct. 4 in New York after jury selection began the previous day. Assistant United States Attorney Thane Rehn told jurors that SBF used FTX customer funds to enrich himself and gain credibility among politicians through donations. “The…
A bearish Ethereum fractal meets lower network activity as Ether’s price struggles to break above $2,000. Source: https://cointelegraph.com/app/public/index.php/news/ethereum-price-cant-break-2k-analysis
Neurotech startup Prophetic AI wants to provide people with a straightforward path into the world of dreams using the latest advances in neuroscience and artificial intelligence. The content of our dreams can say a lot about ourselves, what is going on in our lives, and what our subconscious is focused on. To mine these insights, Prophetic AI is developing a…
It was a week full of headlines in crypto, but they weren’t being made by market stalwarts Bitcoin and Ethereum. Their stable values suggest cryptocurrencies are less reactive to the current news cycle than they were during its heady 2021 bull run and subsequent 2022 crash. Market leader Bitcoin (BTC) grew a modest 2.7% over the seven days and now…
The past eighteen months have been dire for most stablecoins. Following last year’s collapse of Terraform and its native stablecoin UST, the entire market capitalization for these digital assets has registered a dizzying 35% drop. According to crypto data provider DeFiLlama, the market peaked at $189 billion in May last year, only to settle on $124 billion as of writing,…
Stars Arena, a social platform backed by Avalanche’s Contract Chain, has been hit with what the project calls a “major security breach.” Launched last month following the sudden popularity of Friend.tech, a social token-driven platform allowing users to create and monetize online communities, Stars Arena has been steadily increasing in popularity. Enabling influencers, online content creators, and public figures to…
Generative AI has made it easier for the average person to create artwork and other content. It has also made it much easier to spin out some truly wild and controversial stuff—like AI-generated images of SpongeBob SquarePants or Nintendo’s Kirby flying jetliners into the World Trade Center. While AI image generators have been used to create deepfake sexual material, such…
