Data shared by blockchain security platform PeckShield shows that more than $86.6 million in digital assets were transferred from the HECO Chain bridge to suspicious addresses. The security firm suggests that the bridge is compromised and an exploit is ongoing. In response to the incident, Tron founder Justin Sun announced that HTX will fully compensate users for any losses incurred…
An exclusive interview with Cointelegraph in 2018 highlighted growing scrutiny of Binance’s meteoric growth. Source: https://cointelegraph.com/news/did-binances-cz-predict-his-own-downfall
Major cryptocurrency tracking website CoinGecko is scaling its data offering by acquiring the nonfungible token (NFT) data infrastructure platform Zash. CoinGecko plans to integrate Zash’s NFT data into its Application Programming Interface (API) by the second quarter of 2024, the firm announced on Nov. 21, though the deal terms have not been disclosed. “API users will be able to enjoy…
Grayscale executives and lawyers met with the SEC to discuss a rule change to list the Grayscale Bitcoin Trust (GBTC). Source: https://cointelegraph.com/app/public/index.php/news/grayscale-meets-sec-to-discuss-bitcoin-trust
OpenAI and Microsoft are facing a lawsuit alleging the improper use of nonfiction authors’ work to train AI models, including OpenAI’s ChatGPT service. Author and reporter Julian Sancton sued the companies on Nov. 21. OpenAI allegedly utilized tens of thousands of nonfiction books without authorization to train its extensive language models in responding to human text prompts, according to Julian…
The SEC recently met with Grayscale Investments to discuss its bid to convert the Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF. According to a memo published by the SEC, the meeting took place between Grayscale principals including CEO Michael Sonnenshein and CFO Ed McGee, and officials from the SEC’s Division of Trading and Markets. It concerned “NYSE Arca,…
Amid ongoing confusion, uncertainty and rumors around the recent departure of Changpeng “CZ” Zhao as Binance CEO, his replacement, the new Binance CEO Richard Teng, took to X (formerly Twitter) to attempt to boost investor confidence. Soon after CZ announced he was stepping down, Binance critics on X shared their opinions on what lies ahead for the crypto exchange. While…
The crypto community on social media has greeted the news of the deal between Binance, CZ and the United States Department of Justice (DOJ) mostly positively, hoping it removes one of the last remaining obstacles before the long-awaited approval of a spot Bitcoin ETF. The $4.3 billion settlement between the U.S. and the world’s largest crypto exchange, Binance, for violating…
Belgium plans to accelerate the development of a European blockchain infrastructure during its presidency of the EU Council in early 2024, according to the goveernm. The proposal aims to facilitate the secure storage of official documents like driving licenses and property titles. The development of public blockchain for the pan-EU infrastructure is among the four priorities of Belgium’s upcoming presidency,…
Bitcoin dominance is a largely redundant metric — if you believe BTC and crypto “altcoins” should be in the same category at all that is. Source: https://cointelegraph.com/app/public/index.php/news/rethinking-bitcoin-dominance-51-misleading-metric
