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Zuckerberg’s moves: how Meta’s legacy is evolving—Aptos and Sui

Zuckerberg’s moves: how Meta’s legacy is evolving—Aptos and Sui

In early 2022 Meta abandoned work on its Diem stablecoin under regulatory pressure. The financial and intellectual assets of Mark Zuckerberg’s company, including the Move programming language, were sold to Silvergate Capital. When the “stablecoin” project was shuttered, Facebook had more than 2.5bn users. Diem, the blockchain meant to power financial operations on the social […]

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OKX Faces Compliance Challenges in Russia Amid Regulatory Pressures

OKX Faces Compliance Challenges in Russia Amid Regulatory Pressures

Star Xu, CEO of the cryptocurrency exchange OKX, is wary of following in the footsteps of former Binance chief Changpeng Zhao, making strict compliance a priority for the platform. This was stated by Blum co-founder Gleb Kostarev. Citing reliable sources within OKX, he noted that a large team is dedicated to compliance issues. Despite the […]

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Vitalik Buterin's Address Transfers $8 Million in Ethereum

Vitalik Buterin’s Address Transfers $8 Million in Ethereum

On August 9, an address associated with Ethereum co-founder Vitalik Buterin, known as vitalik.eth, moved 3,000 ETH (approximately $7.9 million), as reported by Lookonchain. vitalik.eth transferred 3,000 $ETH($8.05M) to a multi-sig safe wallet 20 mins ago, possibly as a donation.https://t.co/pw8ekIYSs1https://t.co/DW4Nhmbb6Z pic.twitter.com/7Y4Dx12cDP — Lookonchain (@lookonchain) August 9, 2024 The developer sent the funds to a multi-signature […]

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Do Kwon's Extradition from Montenegro Delayed Again

Do Kwon’s Extradition from Montenegro Delayed Again

The anticipated extradition of former Terraform Labs (TFL) CEO Do Kwon from Montenegro to South Korea has been postponed. This occurred at the request of the Supreme Court, which granted the plea of Justice Minister Andrija Milović, reports Vijesti. Milović also serves as the country’s chief prosecutor. His department filed a motion for the protection […]

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WazirX to Reverse Transactions Following $230 Million Breach

WazirX to Reverse Transactions Following $230 Million Breach

The Indian cryptocurrency exchange WazirX will reverse all transactions conducted on its platform following a $230 million hack and the suspension of withdrawals on July 18. ? Important Update: We are actively listening to your feedback and taking decisive action to address your concerns! After careful consideration of the situation and the feedback received from […]

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Bitfinex Identifies Bitcoin as a Safe Haven Amid Recession Risks

Bitfinex Identifies Bitcoin as a Safe Haven Amid Recession Risks

Bitcoin has the potential to serve as a safe haven during an economic downturn, even though the broader cryptocurrency market may suffer. This assertion was made by Bitfinex, reports The Block. Experts noted that over the past three months, central banks worldwide have implemented 35 rate cuts. Such a rapid pace reminded them of the […]

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Pump.fun Offers 0.5 SOL for Completing 'Bonding Curve'

Pump.fun Offers 0.5 SOL for Completing ‘Bonding Curve’

Pump.fun has eliminated the fee for creating meme tokens and promised a reward of 0.5 SOL (~$80) for completing the ‘bonding curve’. Today we’re introducing 2 HUGE changes to the pump fun mechanism (in beta) 1) Coin creation is FREE 2) Coin creators receive 0.5 SOL (~$80) when their coin completes its bonding curve How […]

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OpenAI Introduces Free Image Generator in ChatGPT

OpenAI Introduces Free Image Generator in ChatGPT

OpenAI has enabled the creation of two images in ChatGPT without a paid subscription. The company shared a risk assessment of its AI, which received a “medium” level in the area of political influence. In other categories, ChatGPT poses minimal threat. The AI startup OpenAI has introduced the ability to generate up to two images […]

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OKX Denies Targeted Account Restrictions for CIS Clients

OKX Denies Targeted Account Restrictions for CIS Clients

On August 8, the author of the Telegram channel “Tears of Satoshi,” Rafael Manvelyan, claimed that his account on the cryptocurrency exchange OKX was blocked, attributing this to a sudden policy shift by the platform towards users from the CIS. In response, the company’s CEO, Star Xu, cited client violations. According to Manvelyan, he had […]

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Solana Network Resolves Critical Vulnerability

Solana Network Resolves Critical Vulnerability

Developers, validators, and client teams of Solana have addressed a critical network vulnerability through a coordinated update. Anatomy of a patch In the past few hours a critical security vulnerability and patch were disclosed on Solana, this public disclosure occured after a supermajority of stake had already been patched to protect the network. Let’s look […]

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Bitcoin Surpasses $60,000 Mark

Bitcoin Surpasses $60,000 Mark

On the night of August 9, the leading cryptocurrency broke through the $60,000 mark. The asset climbed to $62,000 but quickly corrected. 15-minute BTC/USDT chart on Binance. Data: TradingView. At the time of writing, Bitcoin is trading around $60,800, having risen 6.5% in 24 hours. Its market capitalization stands at $1.2 trillion. Following the digital […]

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Donald Trump Jr. Unveils Platform Aiming to Challenge Banks

Donald Trump Jr. Unveils Platform Aiming to Challenge Banks

Donald Trump Jr. has disclosed details of a cryptocurrency and DeFi-related project he announced the previous day, according to Cointelegraph. The platform aims to address inclusivity issues regarding access to financial services. “We want to take on a large part of the banking world. I think there is a great inequality in that only certain […]

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