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September Highlights: Hamster Kombat Airdrop and CZ's Release

September Highlights: Hamster Kombat Airdrop and CZ’s Release

On the last day of August, ForkLog magazine compiled its traditional calendar of significant events for the upcoming month. September 1 — Fourth anniversary of the BNB Chain launch. September 1 — Enactment of the mining bill in Russia. September 4 — Polygon converts its utility token MATIC to the Polygon Ecosystem Token (POL) at […]

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Brazil Blocks X, Infostealer Targets Ethereum Wallets, and Other Cybersecurity Events

Brazil Blocks X, Infostealer Targets Ethereum Wallets, and Other Cybersecurity Events

We have compiled the most significant cybersecurity news of the week. Brazil blocked X. The US offered $2.5 million for a hacker from Belarus. The Meduza infostealer attacked cryptocurrency wallets of Russian corporations. Zuckerberg revealed Facebook was pressured into censorship by the White House. Brazil Blocks X The social network X, owned by Elon Musk, […]

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Australia's Bitcoin ATMs Surge Seventeenfold

Australia’s Bitcoin ATMs Surge Seventeenfold

Australia ranks third globally in the number of installed crypto ATMs, boasting 1,162 units. Over the past two years, this figure has increased seventeenfold, according to Coin ATM Radar. In 2022, there were only 67 Bitcoin ATMs. Data: Coin ATM Radar. According to TRM Labs, local authorities have identified this segment as vulnerable to money […]

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Legal Firms Reap Over $750 Million from Crypto Bankruptcies

Legal Firms Reap Over $750 Million from Crypto Bankruptcies

Twenty-two law firms engaged in seven cryptocurrency company bankruptcies under Chapter 11 of the U.S. Code have requested or received fees totaling $751 million, according to Bloomberg Law. Journalists analyzed court documents and reported figures as of mid-August. Leading the pack were Sullivan & Cromwell, Kirkland and Ellis, White & Case, and Cleary Gottlieb, which […]

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Cryptocurrency Mining Farm Discovered at Ski Base in Leningrad Region

Cryptocurrency Mining Farm Discovered at Ski Base in Leningrad Region

Law enforcement officials have uncovered an illegal cryptocurrency mining farm composed of graphics cards at the Kavgolovo training centre in the Vsevolozhsky district of the Leningrad region, as reported by 47news. The 25 devices, powered by a private gas-fired thermal power station, were located within an indoor ski tunnel with artificial snow. They were monitored […]

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Financial Times Reveals Telegram's Financial Losses

Financial Times Reveals Telegram’s Financial Losses

In 2023, Telegram reported an operating loss of $108 million, which increased to $173 million after taxes. Revenue amounted to $342 million, according to Financial Times (FT). Journalists noted that as a private company wholly owned by Pavel Durov, Telegram is not obliged to disclose its financial statements. The platform partially offset its 2023 losses […]

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The end of anonymity: who tracks crypto transactions, how, and why

The end of anonymity: who tracks crypto transactions, how, and why

The decentralised world is no longer as autonomous as it was a decade ago. Trends point to tighter regulation, closer identification of users and even individual wallets. In parallel, transaction-tracking tools are evolving—useful to some for crafting trading strategies, to others for exposing illicit activity, and to a third group for manipulating markets. ForkLog spoke […]

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Chinese Authorities Investigate CoinGecko's Counterpart Feixiaohao

Chinese Authorities Investigate CoinGecko’s Counterpart Feixiaohao

Chinese police are investigating the cryptocurrency market data aggregator Feixiaohao, a platform akin to CoinGecko. This was reported by journalist Colin Wu. Feixiaohao, the largest simplified Chinese cryptocurrency market data website similar to coingecko, was suspected of being arrested by the Chinese police. The reason is currently unknown and the investigation has lasted for more […]

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Butterflies Social Network Introduces AI User Clones

The social network Butterflies has launched a new feature called “Clones,” which transforms users into AI characters. CLONES are here! Social network Butterflies AI adds a feature that turns you into an AI character https://t.co/f0nrdj1noZ via @techcrunch — Butterflies AI (@butterflies_ai) August 29, 2024 Butterflies was launched in June by former Snapchat developer Vu Tran. […]

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Loka Mining Introduces Forward Contracts for Bitcoin Miners

Loka Mining Introduces Forward Contracts for Bitcoin Miners

Andy Fajar Handika, co-founder and CEO of Loka Mining, introduced the concept of forward contracts on future hashrate to attract funding for miners in an interview with Cointelegraph. Small industry players can sell their anticipated computational power for fiat loans, explained the entrepreneur, outlining the tool’s essence. Handika believes forwards will enable miners to finance […]

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ChatGPT Weekly Active Users Surpass 200 Million

ChatGPT Weekly Active Users Surpass 200 Million

The number of weekly active users of ChatGPT has doubled, exceeding 200 million. This was reported by OpenAI representatives in a conversation with Axios. According to their data, 92% of Fortune 500 companies use the AI startup’s products, and the use of the automated API has doubled since the release of GPT-4o mini in July. […]

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Bitcoin Retreats to $59,000 Amid ETF Inflow Weakness

Bitcoin Retreats to $59,000 Amid ETF Inflow Weakness

Negative trends in BTC-ETF persisted for the third consecutive day. The total exchange balance of bitcoins fell to a new low for the year. Traders remain cautious ahead of U.S. labor market data on September 6. On August 29, net outflows from spot bitcoin ETFs amounted to $71.7 million, according to SoSoValue. This was one […]

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