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Binance Permanently Removes Changpeng Zhao from Management

Binance Permanently Removes Changpeng Zhao from Management

The cryptocurrency exchange Binance has permanently removed former CEO Changpeng Zhao (CZ) from management. This was reported by Axios, citing the current head of the company, Richard Teng. The entrepreneur’s plea agreement with the U.S. Department of Justice mentioned a three-year term. CZ is serving a four-month prison sentence for charges related to money laundering […]

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AI Boom Set to Propel Semiconductor Industry Growth

AI Boom Set to Propel Semiconductor Industry Growth

Demand for chips designed for artificial intelligence is poised to drive growth in the semiconductor industry over the coming years, according to Scientech CEO Hsu Ming-chi in an interview with Bloomberg Television. The company head noted that the global chip market has grown by approximately 8% annually over the past two decades, and artificial intelligence […]

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Sui Developers Test Offline Cryptocurrency Transactions

Sui Developers Test Offline Cryptocurrency Transactions

Mysten Labs, a company associated with the Sui blockchain, is exploring the use of mobile networks and radio waves for offline cryptocurrency transactions, according to Cointelegraph. The initiative aims to reach users without internet access. “The more people who can access it, the stronger the network effects you create. If there is a way to […]

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Putin Warns Against Siberian Stagnation Due to Cryptocurrency Mining

Putin Warns Against Siberian Stagnation Due to Cryptocurrency Mining

The surplus of energy resources used for mining in Siberia should not hinder the region’s development. This was stated by Russian President Vladimir Putin during the EEF, reports RBC. He acknowledged that the country is one of the global leaders in cryptocurrency mining and that businesses in this sector are “earning quite well.” “Mining is […]

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“Cats, cats, cats”: Mantle’s GameFi chief on the clicker boom and Catizen’s listing

“Cats, cats, cats”: Mantle’s GameFi chief on the clicker boom and Catizen’s listing

In 2024 the total value locked of the Ethereum-based L2 Mantle Network exceeded $600m. Meanwhile, the Catizen mini-game on The Open Network (TON) and Mantle attracted investment from The Open Platform and Binance Labs, and its user base reached 26m. ForkLog spoke with the head of gaming at Mantle, who goes by Geezee. He shared […]

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Kamala Harris Embraces Cryptocurrency Donations via Coinbase

Kamala Harris Embraces Cryptocurrency Donations via Coinbase

Coinbase’s Chief Financial Officer, Alesia Haas, announced that U.S. presidential candidate Kamala Harris is utilizing the exchange’s payment platform to accept digital asset donations for her campaign, as reported by Fortune. A representative from the exchange clarified to the publication that the political action committee (PAC) Future Forward USA has initiated collaboration with Coinbase Commerce. […]

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NEAR Accused of Staging X Account Hack for Publicity

NEAR Accused of Staging X Account Hack for Publicity

Some members of the cryptocurrency community have accused the NEAR Protocol blockchain team of staging a hack of their X account to promote a conference. So, apparently, @NEARProtocol faked its account’s hack to generate hype and promote an event. It may have worked to create a short-term hype and engagement, but it damages the long […]

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EigenLayer Announces Second Airdrop

EigenLayer Announces Second Airdrop

The Eigen Foundation, the organization behind the restaking project EigenLayer, has announced the distribution of 86 million EIGEN tokens (~5.15% of the total supply) as part of the second season of the Stakedrop campaign. 1/ We’re excited to announce the EIGEN Season 2 Stakedrop in preparation for unlock! Season 2 will recognize key contributors and […]

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Kyiv Residents Suspected of Illegal Cryptocurrency Exchange

Kyiv Residents Suspected of Illegal Cryptocurrency Exchange

The Kyiv City Prosecutor’s Office announced suspicions against two organizers of an online cryptocurrency exchange operating with payment systems unregistered in Ukraine. According to the investigation, the 23-year-old individuals have been exchanging hryvnia for various cryptocurrencies and electronic money from sanctioned services since 2024, including those located in Russia. The transactions were conducted using bank […]

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Worldcoin Aims for Global Biometric Verification Expansion

Worldcoin Aims for Global Biometric Verification Expansion

Worldcoin’s primary objective is to expand biometric verification using iris-scanning orbs globally. This was stated by Alex Blania, CEO of Tools for Humanity, the company behind the project, as reported by The Block. “Projects like PayPal or Facebook, which emerged over the past couple of decades, became useful after reaching a certain scale. All we […]

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CFTC Fines Uniswap Labs $175,000

CFTC Fines Uniswap Labs $175,000

The Commodity Futures Trading Commission (CFTC) has fined Uniswap Labs $175,000 for offering digital asset derivatives through a DeFi protocol. .@CFTC Issues Order Against Uniswap Labs for Offering Illegal Digital Asset Derivatives Trading: https://t.co/Io0VP7c18U — CFTC (@CFTC) September 4, 2024 The company is also required to refrain from further violations of the Commodity Exchange Act. […]

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Nvidia Denies Receiving Subpoena from US Department of Justice

Nvidia Denies Receiving Subpoena from US Department of Justice

The AI chip manufacturer Nvidia has denied reports of receiving a subpoena from the US Department of Justice related to alleged antitrust violations. This was reported by CNBC, citing a company representative. “We have contacted the US Department of Justice and have not received a subpoena. However, we are happy to answer any questions regulators […]

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