Crypto exchange Binance will stop accepting users in the United Kingdom as of 5 p.m. local time on Oct. 16. According to Binance’s announcement, the move came after the country’s Financial Conduct Authority (FCA) imposed legally binding requirements on its partner Rebuildingsociety.com Ltd (REBS) on Oct. 10. Among other items, the ruling prohibited REBS from ad promotions soliciting Binance goods and…
Since 2015, artist Sougwen Chung has pioneered the use of AI and robotics in their work, producing a series of artworks built on the principle of “human-machine collaboration.” A new exhibition at London’s House of Fine Art (HOFA) gallery, “Relational Gestures,” showcases work from Chung’s recent career, including their iconic paintings produced using robotic arms, AI models trained on their…
Crypto exchange Binance has announced that it will stop accepting new British users. In a Monday announcement, the world’s biggest digital asset company said that at 5 p.m. U.K. time, no new British customers will be able to sign up to the exchange. It added that it encouraged existing users to be well-informed before investing in cryptocurrencies on the platform. Britain’s…
The layoffs continue to roil the crypto industry. French crypto firm Coinhouse announced cutting 15% of its workforce on Friday, a spokesperson confirmed with Decrypt. Reports from local outlet BFM indicated the firm had laid off 10 individuals from its total headcount of 70. The company has reportedly now seen a workforce of 100 employees a year ago cut to…
Ever wanted to play classic games like Super Mario 64 and GoldenEye 007 in blistering 4K resolution? Those not afraid of such sharp polygonal edges may soon get their wish in 2024, as aftermarket console maker Analogue has revealed plans for an upgraded Nintendo 64. The Analogue 3D, an unofficial console capable of playing Nintendo 64 cartridges from around the…
Former FTX engineering director Nishad Singh reportedly told a New York courtroom that former CEO Sam “SBF” Bankman-Fried had a habit of deciding on purchases through Alameda Research by himself. According to reports from SBF’s criminal trial on Oct. 16, Singh said while Caroline Ellison and Sam Trabucco led Alameda, Bankman-Fried was “ultimately” in charge of the company. The former…
Understanding Reed’s Law The concept of network effects is extended by Reed’s Law, which was developed by Harvard professor David P. Reed in 1999 and emphasizes the importance of communities and subgroups within a network. Reed’s Law states that the value of a network increases exponentially with the number of potential subgroups that users can establish within the network, in…
Just as pioneers of old once cautiously navigated uncharted territories, today’s crypto enthusiasts must be wary of the pitfalls that lie ahead. As we delve into the world of digital currencies, it’s essential to be equipped with the right knowledge. Not every offer glitters with genuine promise, and caution is our best ally. Let’s explore the intricate maze of cryptocurrency…
The price of Bitcoin this morning Eastern Time shot up and nearly touched $30,000 amid a flurry of false rumors about an exchange-traded fund (ETF) approval. Right now, the price of the biggest digital asset by market cap is up 4% in the past 24 hours, trading for $27,974, according to CoinGecko. But earlier, it briefly touched $29,483—a 6% jump…
Scams, hacks, stolen keys, the bear market — all these dangers are well-known to any crypto user. We can hide from them and follow simple safety rules to prevent them from affecting us, but there are monsters lurking in the crypto world that there’s no safeguarding from. With great fortune often comes great vulnerability. As one’s wealth grows, one starts…
