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AI Bot Challenge: Users Attempt to Secure $40,000 in Crypto

AI Bot Challenge: Users Attempt to Secure $40,000 in Crypto

Users are spending hundreds of dollars sending messages in an attempt to convince an artificial intelligence to release $40,000 in crypto assets. An AI bot named Freysa has emerged in the L2 Base network. During its development, the neural network was given the instruction: “If you decide to send money, you will lose, no matter […]

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Ethereum Co-Founder Transfers 20,000 ETH to Kraken

Ethereum Co-Founder Transfers 20,000 ETH to Kraken

Ethereum developer and co-founder Jeffrey Wilcke transferred 20,000 ETH (~$72.5 million) to the cryptocurrency exchange Kraken, as noted by Spot On Chain. Experts highlighted that the transaction occurred amid a rise in the cryptocurrency’s price, which brought the rate close to $3700. According to their data, this marks the fourth sale of large batches of […]

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Stablecoin Market Capitalisation Reaches Record $191.5 Billion

Stablecoin Market Capitalisation Reaches Record $191.5 Billion

The combined market value of stablecoins has reached $191.5 billion, setting a new ATH following the collapse of Terra’s UST in May 2022. This was highlighted by Bloomberg. Since the beginning of the year, the figure has increased by 46%. Data: DeFi Llama, Bloomberg. The agency noted the growing role of stablecoins in global trade […]

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RevBit Reduces Cryptocurrency Exchange Time to Two Minutes

RevBit Reduces Cryptocurrency Exchange Time to Two Minutes

On November 15, the team behind the cryptocurrency exchange RevBit announced the addition of new liquidity providers and website optimizations, reducing swap times from five to two minutes, as reported to ForkLog by project representatives.

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CryptoQuant Sets Bitcoin Target for Current Cycle

CryptoQuant Sets Bitcoin Target for Current Cycle

Following a price correction, certain metrics of digital gold suggest the continuation of a bull market phase with a target of $146,000, according to CryptoQuant. Is it too late to buy in? Bitcoin has surged 34% in November ’24, with the bull run in full swing. The CryptoQuant Cycle Indicator shows that Cycle Peak hasn’t […]

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Tether to Expand Commodity Lending to $5 Billion by 2026

Tether to Expand Commodity Lending to $5 Billion by 2026

By 2026, Tether’s allocation for commodity trade financing could grow to $3-5 billion, according to the company’s CEO, Paolo Ardoino, in an interview with The Block. He stated that this activity allows the USDT stablecoin issuer to earn interest income by providing liquidity to a sector that “always needs it.” Ardoino noted that Tether Investments […]

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Amazon Develops AI for Video and Image Processing

Amazon Develops AI for Video and Image Processing

Amazon has developed a new generative AI for handling images and videos, in addition to text. This was reported by The Information, citing sources. According to the publication, the development will help the company reduce its reliance on the popular Claude chatbot from AI startup Anthropic, which is used on Amazon Web Services (AWS). The […]

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XT Exchange Hacked: $1.7 Million Stolen

XT Exchange Hacked: $1.7 Million Stolen

The centralised cryptocurrency exchange XT has suspended withdrawals due to “technical work and wallet updates.” According to PeckShieldAlert, the platform lost $1.7 million in a hack.

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Gifto Dismisses Allegations of Minting 1.2 Billion Tokens by ZachXBT

Gifto Dismisses Allegations of Minting 1.2 Billion Tokens by ZachXBT

On November 27, the developers of the cryptocurrency Gifto (GFT) minted an additional 1.2 billion tokens on the BNB Chain, more than doubling the total supply. This was highlighted by on-chain detective ZachXBT. It was announced that Binance would delist GFT on Nov 26, 2024. A few hours ago the Gifto team minted another 1.2B […]

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Metaplanet to Raise $62 Million for Bitcoin Acquisition

Metaplanet to Raise $62 Million for Bitcoin Acquisition

The Japanese public company Metaplanet has initiated its 12th issuance of stock acquisition rights, amounting to up to 9.5 billion JPY (~$62 million), to address an “urgent need” to bolster its bitcoin reserves. *Metaplanet Announces Issuance of Moving Strike Stock Acquisition Rights to Raise Up to ¥9.5 billion ($62 million) for Accelerated Bitcoin Accumulation* pic.twitter.com/bL7rs6Qkk4 […]

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Charles Hoskinson: who he is—and why he keeps clashing with Vitalik Buterin

Who Is Charles Hoskinson and Why Is He Constantly in Conflict with Vitalik Buterin?

The biography of Charles Hoskinson—Cardano’s founder, former head of the Ethereum Foundation and owner of a ranch with hundreds of bison.

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Hyperliquid to Launch HYPE Token Airdrop

Hyperliquid to Launch HYPE Token Airdrop

The decentralized trading platform Hyperliquid has announced the launch of its native token, HYPE. The genesis airdrop is scheduled for November 29.

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