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Dunamu’s Upbit Reports 81% Profit Drop in Q3 2023

Dunamu’s Upbit Reports 81% Profit Drop in Q3 2023

The revenues of Dunamu, the parent company of Upbit, one of the most prominent cryptocurrency exchanges in South Korea, dropped by an astounding 81% during the third quarter of 2023, according to the company's report. The performance of the corporation during the same...

Bittrex Global to End Trading on Dec 4, 2023

Bittrex Global to End Trading on Dec 4, 2023

Bittrex Global, headquartered in Liechtenstein, has announced its decision to wind down operations. This process will begin with a cessation of all trading activities effective December 4, 2023. This announcement follows a period of regulatory challenges and legal...

RSS3 aggregating Farcaster & Lens to MetaMask Snap

RSS3 aggregating Farcaster & Lens to MetaMask Snap

    RSS3 is developing a MetaMask Snap which aggregates, streams, and displays decentralized social information, such as content from Farcaster and Lens Protocol. This Snap aggregates all supported decentralized social graphs and provides close to real-time...

Seize control of your data with Akord

Seize control of your data with Akord

Seize control of your data     With news of data breaches and scandals around the misuse of people’s data becoming a worrying norm, one company is working to put data ownership back in the hands of individuals and organisations.     Akord is a web3 platform offering...

Congressional Memo Challenges SEC’s SAB 121

Congressional Memo Challenges SEC’s SAB 121

A memorandum submitted by several U.S. Congress members, including chairs from key financial committees, has called into question the enforceability of the Securities and Exchange Commission (SEC) Staff Accounting Bulletin 121 (SAB 121). This development follows a...

Dubai’s VARA Appoints Matthew White as CEO

Dubai’s VARA Appoints Matthew White as CEO

Dubai's Virtual Asset Regulatory Authority (VARA) has announced a change in its leadership. Matthew White has been appointed as the new Chief Executive Officer (CEO), taking over from Henson Orser. This transition comes at a pivotal time, as Dubai intensifies its...

Meta Unveils Next-Gen AI Emu Video and Emu Edit

Meta Unveils Next-Gen AI Emu Video and Emu Edit

The realm of generative AI is witnessing rapid advancements, with 2023 marking a significant stride in the domain. Meta, formerly Facebook, has introduced Emu, a groundbreaking foundational model for image generation, at this year’s Meta Connect event. This technology...

SushiSwap CEO Proposes New Token Model

SushiSwap CEO Proposes New Token Model

SushiSwap CEO Jared Grey has initiated a pivotal proposal titled "Deploy new tokenomics for Sushi." This initiative, which seeks to overhaul the platform's existing token economic model, has now entered the crucial stage of community voting on Snapshot. The voting...

Uniswap’s Front-End Fees Surpass $1 Million

Uniswap’s Front-End Fees Surpass $1 Million

Uniswap, a leading decentralized exchange (DEX), has reached a significant milestone. The protocol's front-end fees have accumulated over $1 million, a feat achieved within just 24 days. This article delves into the details of this achievement, its implications, and...

What is HyperWrite AI? | Blockchain News

What is HyperWrite AI? | Blockchain News

Introduction HyperWrite AI is a cutting-edge AI-powered writing assistant that has emerged as a significant player in the realm of digital writing tools. It leverages advanced artificial intelligence to enhance writing efficiency and creativity, catering to a wide...

SEC Chair Gensler Open to Lawful Revival of FTX

SEC Chair Gensler Open to Lawful Revival of FTX

During a CNBC interview at DC Fintech Week, SEC Chair Gary Gensler discussed the potential revival of the bankrupt cryptocurrency exchange FTX, emphasizing the importance of operating within legal boundaries. The context for this comes in the wake of FTX founder Sam...

NEAR and Polygon Partner to Launch zkWASM

NEAR and Polygon Partner to Launch zkWASM

The NEAR Foundation and Polygon Labs have announced a collaborative effort to develop a zero-knowledge (ZK) prover for Web Assembly (WASM) blockchains. This initiative, termed "zkWASM," is poised to bridge the gap between WASM-based chains and the Ethereum ecosystem,...

Xbox Teams with Inworld AI for Game Dev AI Tools

Xbox Teams with Inworld AI for Game Dev AI Tools

Xbox and Inworld AI have announced a multi-year alliance aimed at infusing game development with the transformative capabilities of Generative AI. This partnership promises to arm game creators with cutting-edge tools to design intricate narratives and dialogues,...

Helium’s HNT Token Lists on SwissBorg

Helium’s HNT Token Lists on SwissBorg

The Helium Foundation, a trade association under the 501(c)(6) designation focused on promoting decentralized wireless access, announced the listing of its HNT token on SwissBorg, a notable cryptocurrency platform in Europe. The announcement, dated November 2, 2023,...

ADGM Launches Pioneering DLT Foundations Regime

ADGM Launches Pioneering DLT Foundations Regime

The Registration Authority (RA) of Abu Dhabi Global Market (ADGM) has pioneered the unveiling of the Distributed Ledger Technology (DLT) Foundations Regulations 2023, marking a crucial phase in the regulatory evolution of digital assets both regionally and...

PayPal Acquires UK Crypto License

PayPal Acquires UK Crypto License

PayPal, a notable player in the global payments realm, has secured approval from the Financial Conduct Authority (FCA) to offer cryptocurrency-related services in the United Kingdom. The authorization was disclosed on the FCA's website, affirming that PayPal has been...

CertiK: Crypto Social Media Scams Surge

CertiK: Crypto Social Media Scams Surge

In light of the increasing number of cryptocurrency scams permeating social media platforms, blockchain security company CertiK has delineated a comprehensive examination of this menacing trend. On October 26, 2023, CertiK took to Twitter to elucidate how the meld of...

Snowtrace to End Etherscan-Powered Service by Nov 30

Snowtrace to End Etherscan-Powered Service by Nov 30

On October 30, 2023, Snowtrace.io, a popular blockchain explorer tool dedicated to the Avalanche C-Chain, announced that it would be discontinuing its Etherscan-powered explorer effective from November 30, 2023 (00:00 UTC). This announcement came through a series of...

Japan Freezes Assets Linked to Hamas Funding

Japan Freezes Assets Linked to Hamas Funding

On October 31, the Japanese government announced the freezing of assets belonging to nine individuals and one cryptocurrency trading company accused of financially aiding the Palestinian militant group Hamas, as per Kyodo News. This action comes amidst an ongoing...

Ethereum Devnet 10 Testing Paves Way Towards Mainnet

Ethereum Devnet 10 Testing Paves Way Towards Mainnet

On October 26, 2023, Ethereum protocol developers convened to discuss the recent results of devnet 10 testing. Initially, an update was presented by @parithosh_j and @BarnabasBusa regarding the successful launch of the network earlier in the week, according to Tim...

Hong Kong FinTech Week 2023 “Fintech Redefined”

Hong Kong FinTech Week 2023 “Fintech Redefined”

  Hong Kong FinTech Week 2023 "Fintech Redefined."   ***************************************************************   Invest Hong Kong (InvestHK) today (October 18) unveiled details of Hong Kong FinTech Week 2023 (HKFW). The eighth edition of HKFW, themed "Fintech...

Scroll Launches zkEVM Mainnet | Blockchain News

Scroll Launches zkEVM Mainnet | Blockchain News

On October 17, 2023, Scroll, an open-source, community-centric Ethereum scaling solution, unveiled its mainnet, marking a pivotal stride towards augmenting scalability and propelling developer adoption on the Ethereum blockchain. This comes after two years of...

dYdX Transitions to Public Benefit Corporation

dYdX Transitions to Public Benefit Corporation

In a bid to realign its organizational structure with the broader interests of the web3 community, dYdX Trading Inc. has amended its charter to transition into a Public Benefit Corporation (PBC). This change was publicly announced on 17 October 2023 by Antonio, the...

Why Multicoin Capital Invested $5.7M in Squads Labs

Why Multicoin Capital Invested $5.7M in Squads Labs

On October 16, 2023, investment firm Multicoin Capital divulged its latest funding round for Squads Labs, amounting to $5.7 million. This investment surge elevates the total funding for Squads to $12.5 million, marking a significant financial milestone for the core...

Mastercard Unveils Interoperable CBDC in Australia

Mastercard Unveils Interoperable CBDC in Australia

Mastercard, in collaboration with the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC), has unveiled a pioneering solution that fosters the interoperability of Central Bank Digital Currencies (CBDCs) across diverse blockchain...

Google Unveils IP Indemnity for Generative AI Users

Google Unveils IP Indemnity for Generative AI Users

On October 13, 2023, Google Cloud's VP Legal, Neal Suggs, and VP of TI Security & CISO, Phil Venables, unveiled an industry-first two-pronged intellectual property (IP) indemnity initiative aimed at safeguarding users of its generative AI services from potential...

STEPN Integrates Apple Music into Web3 App

STEPN Integrates Apple Music into Web3 App

Apple and STEPN (with a utility token called GST and a governance token called GMT)  have announced the integration of Apple Music into the STEPN application, marking yet another milestone in the ongoing partnership between traditional tech juggernauts and emerging...

Stars Arena Recovers Majority of Stolen Crypto

Stars Arena Recovers Majority of Stolen Crypto

Web3-based social media platform, Stars Arena, has made a significant recovery of the crypto assets lost during a security breach on October 7, 2023. As per the update shared on October 11, 2023, via a tweet, the platform successfully reclaimed approximately 90% of...

Report: TON and Telegram Forge Alliance in Q3 2023

Report: TON and Telegram Forge Alliance in Q3 2023

According to Report, the Open Network (TON) Ecosystem witnessed a momentous Q3 2023, marked by extensive user engagement, product launches, and a remarkable alliance with Telegram. The quarter's highlights reflect a vibrant growth trajectory for TON, encapsulating a...

Islamic Coin Plunges 100%, PeckShield Alerts

Islamic Coin Plunges 100%, PeckShield Alerts

PeckShield, a blockchain security company, alerted the crypto community about a significant dip in Islamic Coin’s value on the BNB chain. According to a tweet by PeckShield's alert handle, the coin plummeted by a staggering 100%, with a transaction swapping...

Circle Launches Native USDC on Polygon

Circle Launches Native USDC on Polygon

USDC has been natively introduced on the Polygon Proof of Stake (PoS) network, eliminating the necessity for bridging. With this update, both developers and users can now access USDC directly on Polygon PoS. The integration is facilitated through full support from...

Nansen CEO Predicts Six Key Trends in Crypto

Nansen CEO Predicts Six Key Trends in Crypto

In a recent Twitter thread, Alex Svanevik, the CEO of Nansen.ai, delved into six key trends he believes will significantly impact the cryptocurrency landscape in the coming cycle. The detailed thread, posted on October 6, 2023, underscored the blending of fintech with...

Stars Arena Tightens Security Following $3M Exploit

Stars Arena Tightens Security Following $3M Exploit

In the wake of a damaging security breach that saw a loss of nearly $3 million, Stars Arena, an Avalanche-based Web3 social media application, has taken significant steps to bolster its security infrastructure and restore users' trust. Following the exploit on October...

SlowMist Report: 10 Crypto Incidents Unveiled

SlowMist Report: 10 Crypto Incidents Unveiled

The blockchain and cryptocurrency domain continues to battle against a variety of security threats, as elucidated in the SlowMist Weekly Security Report for the period October 1 - October 7, 2023. The report sheds light on ten distinct security incidents impacting...

DOJ Targets SBF’s Jets for Forfeiture

DOJ Targets SBF’s Jets for Forfeiture

According to a document that was submitted by the United States Department of Justice (DOJ) on October 4, 2023, two luxury aeroplanes worth several millions of dollars that are held by Samuel Bankman-Fried are now potentially vulnerable to forfeiture. The petition...

Yield Protocol and Utopia Labs Announce Wind-Down

Yield Protocol and Utopia Labs Announce Wind-Down

Yield Protocol Cessation The team behind Yield Protocol has announced the discontinuation of their service post a collective dialogue with relevant stakeholders. The March 2024 fixed rate series will not see a launch, as declared on their official channel dated 17...

Sygnum Singapore Secures MPI License from MAS

Sygnum Singapore Secures MPI License from MAS

Sygnum Singapore's announcement on 3rd October 2023 concerning its acquisition of a Major Payment Institution Licence (MPIL) from the Monetary Authority of Singapore (MAS) echoes a burgeoning narrative of regulatory evolution in the city-state's digital asset sector....

Coinbase CLO Responds to SEC’s Opposition

Coinbase CLO Responds to SEC’s Opposition

Paul Grewal, the Chief Legal Officer of Coinbase, took to Twitter on October 4, 2023, to address the U.S. Securities and Exchange Commission's (SEC) recent filing against the company. The SEC has opposed Coinbase's motion to dismiss the case against it, a move that...

IMF Proposes Framework to Assess Crypto Asset Risks

IMF Proposes Framework to Assess Crypto Asset Risks

A recent working paper by the International Monetary Fund (IMF) titled "Assessing Macrofinancial Risks from Crypto Assets" has shed light on the complexities and potential risks in the rapidly growing crypto sector. The paper serves as a comprehensive guide for...

Hong Kong’s Crypto Rise: Harbinger for China?

Hong Kong’s Crypto Rise: Harbinger for China?

Eastern Asia has seen its cryptocurrency market dynamics shift significantly, with a notable decline in crypto activity over recent years, primarily attributed to China's restrictive stance. However, a wind of change may be blowing from Hong Kong, as the region...

Alpaca Debuts Private Equity Real Estate

Alpaca Debuts Private Equity Real Estate

According to a press release on September 29, 2023, the alternative investments management company Alpaca of New York presented its Alpaca Real Estate (ARE) private equity real estate platform to the public for the first time. The platform's first foray into the real...

How Bitcoin will react to US Government Shutdown

How Bitcoin will react to US Government Shutdown

Amidst an imminent government shutdown due to Congress's stalled federal appropriations bill for the fiscal year beginning October 1, 2023, the financial sector holds its breath. The potential shutdown's ripple effects are poised to stretch beyond traditional markets,...

FTX Hack Suspect Reactivates Wallet

FTX Hack Suspect Reactivates Wallet

Blockchain analytics firm Spot On Chain reported a significant movement in a crypto wallet associated with the historic FTX hack on September 30, 2023. The wallet, labeled 0x3e957, transferred 2,500 ETH (approx. $4.2 million) amidst the anticipation surrounding the...

OpenAI Enables Web Browsing for ChatGPT

OpenAI Enables Web Browsing for ChatGPT

Key Takeaways * OpenAI introduces web browsing capabilities for ChatGPT on September 27, 2023. * The feature is immediately available for Plus and Enterprise users. * OpenAI aims to address the existing knowledge gap in ChatGPT with this update.   OpenAI, an...

Mixin Network Suffers $200 Million Hack

Mixin Network Suffers $200 Million Hack

Key Takeaways Mixin Network's cloud service provider database was attacked on September 23, 2023, resulting in a loss of approximately $200 million. Blockchain security firm SlowMist is assisting in the ongoing investigation. Deposit and withdrawal services on Mixin...

What is ChatPDF? | Blockchain News

What is ChatPDF? | Blockchain News

Introduction ChatPDF is a specialized platform that utilizes ChatGPT technology to offer advanced PDF processing capabilities. Aimed at a diverse user base including students, researchers, and professionals, the service is engineered to summarize PDF content and...

BTC Implied Volatility Drops Post-Weekly Expirations

BTC Implied Volatility Drops Post-Weekly Expirations

Key Takeaways BTC implied volatility often decreases after weekly expirations. Samneet Chepal, a crypto derivatives quant trader, observed that 80% of the time, implied volatility (IV) drops 24 hours after Friday's 8 AM UTC expiry. The 'weekend effect' contributes to...

Reuters: Federal Reserve Announces Job Cuts

Reuters: Federal Reserve Announces Job Cuts

Despite public reassurances about the robustness of the U.S. economy, the Federal Reserve is preparing to downsize its workforce, according to Reuters. The central bank has confirmed plans to eliminate approximately 300 positions by the end of this year. This decision...

NGMI (Not Gonna Make It): A Comprehensive Overview

NGMI (Not Gonna Make It): A Comprehensive Overview

Definition "NGMI" is an acronym that stands for "Not Gonna Make It." Predominantly used within the cryptocurrency and blockchain communities, it refers to individuals, projects, or decisions perceived as unlikely to succeed, often due to hasty or uninformed choices....

OKX Joins Forces with Solana Mobile

OKX Joins Forces with Solana Mobile

Crypto exchange OKX has entered into a partnership with Solana Mobile. This alliance will see the OKX app becoming a part of the dApp store on the Solana Saga smartphone. With this integration, the OKX app is among the early exchange applications available on the...

Optimism Announces Third Airdrop Allocations

Optimism Announces Third Airdrop Allocations

On September 19, 2023, Optimism, a Ethereum Layer 2 solution, unveiled details of its third airdrop, termed "OP Airdrop #3" on Twitter. The announcement confirmed the allocation of 19 million OP tokens to 31,870 distinct addresses. This move is an effort to...

Naspers and Prosus Undergo Key Leadership Transition

Naspers and Prosus Undergo Key Leadership Transition

Global consumer internet group Prosus (AEX and JSE Share Code: PRX) and its majority owner, Naspers Limited (JSE: NPN), have announced a significant change in their executive leadership. Bob van Dijk, who has been at the forefront as the CEO and Board member of both...

What is Forefront AI? Everything You Need to Know!

What is Forefront AI? Everything You Need to Know!

Introduction Forefront AI is a software platform that acts as a service aggregator, primarily integrating advanced natural language processing (NLP) capabilities from ChatGPT and Claude. The platform enhances these foundational services by adding unique features,...

Magic Eden Embraces Compressed Solana NFTs

Magic Eden Embraces Compressed Solana NFTs

Magic Eden, a leading figure in the NFT marketplace, has unveiled its integration of cNFTs, a pioneering form of NFTs that are exclusive to the Solana blockchain. The term "cNFT" is an abbreviation for "compressed NFTs", underscoring their unique capability to be...

CZ Comments on Binance US CEO’s Departure

CZ Comments on Binance US CEO’s Departure

In a tweet that recently caught the public's eye, Binance's founder, CZ, provided insights into the leadership changes at Binance US. He verified that Brian Shroder, who led Binance US for the last two years, is taking a break. CZ highlighted Shroder's instrumental...

Is Character AI Safe? An In-Depth Analysis

Is Character AI Safe? An In-Depth Analysis

The rise of artificial intelligence has brought forth a myriad of tools and platforms, one of which is Character AI. According to a16z, CharacterAI is ranked 2nd in the top 50 GenAI web products, trailing only ChatGPT. It's a prominent companion platform to ChatGPT,...

BNB Chain Introduces Web3 Verification Tool

BNB Chain Introduces Web3 Verification Tool

In a recent development, BNB Chain has taken a proactive step to combat the increasing threats posed by malicious entities in the Web3 space. On September 14, 2023, the organization announced the launch of a verification tool designed to help users identify and...

Unstable Diffusion: What Does It Truly Mean?

Unstable Diffusion: What Does It Truly Mean?

Introduction Unstable Diffusion stands out as the NSFW (Not Safe For Work) counterpart to Stable Diffusion, offering an unrestricted avenue for generating images from text prompts. Comparable to platforms like ChatGPT NSFW and the hypothetical DAN (Do Anything Now)...

SEC Charges Stoner Cats Over NFT Offerings

SEC Charges Stoner Cats Over NFT Offerings

The U.S. Securities and Exchange Commission (SEC) has taken action against Stoner Cats 2 LLC (SC2), accusing the firm of conducting an unregistered crypto asset securities offering. The offering, which took place in the form of non-fungible tokens (NFTs), was intended...

Coinbase Suspends Trading on 41 Non-USD Pairs

Coinbase Suspends Trading on 41 Non-USD Pairs

On September 13, 2023, Coinbase Exchange affirmed its decision to suspend 41 non-USD trading pairs. The list encompasses the following: ALCX-USDT, BIT-USDT, BOBA-USDT, BOND-USDT, CLV-EUR, CLV-USDT CTX-EUR, CTX-USDT, DDX-USDT, DIA-EUR, DIA-USDT, DYP-USDT FARM-USDT,...

Ankr to Introduce Sei Blockchain RPC Connection

Ankr to Introduce Sei Blockchain RPC Connection

Ankr has revealed plans to augment its RPC service by integrating with the Sei blockchain. This development aims to facilitate developers keen on leveraging the Sei platform for the creation of swift and scalable decentralized applications (dApps). The integration...

Pahdo Labs Secures $15M Series A Funding led by a16z

Pahdo Labs Secures $15M Series A Funding led by a16z

New York-based game development studio, Pahdo Labs, has successfully raised $15M in a Series A financing round, according to its official blog. The round was spearheaded by Andreessen Horowitz (a16z) and saw participation from Pear VC, BoxGroup, Long Journey Ventures,...

Ethereum Layer 2: A Simplified Overview

Ethereum Layer 2: A Simplified Overview

Common Ethereum Layer 2 projects include Optimism, Arbitrum and zkSync. Tokens from some of these projects, such as ARB (Arbitrum) and OP (Optimism), have been available for trading. This article aims to explain the concept of Layer 2 in straightforward terms. As...

One Whale Trades Majority of Ethereum for Bitcoin

One Whale Trades Majority of Ethereum for Bitcoin

In the cypto world, the actions of significant players, often referred to as 'whales', can provide valuable insights into market sentiment. Just 8 hours ago, a notable crypto whale made a significant move by exchanging a large portion of their Ethereum holdings for...

Pepe Coin Hits Lowest Price Since Binance Listing

Pepe Coin Hits Lowest Price Since Binance Listing

Pepe Coin (PEPE), deriving its theme from the popular Pepe the Frog meme of the early 2000s, registered a decline in its value today, reflecting the broader Bitcoin downturn. The Dynamics in Depth After its Binance debut on May 5, 2023, PEPE surged to its zenith of...