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August Highlights: ForkLog's Anniversary and the EU AI Act

August Highlights: ForkLog’s Anniversary and the EU AI Act

On the last day of July, ForkLog magazine has curated its traditional calendar of significant events for the upcoming month. August 1 — The EU Artificial Intelligence Act comes into effect. August 6 — Hearing on the settlement of the dispute between FTX and the CFTC. August 14 — Release of the Consumer Price Index […]

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SEC Accuses BitClout Founder of Fraud

SEC Accuses BitClout Founder of Fraud

The United States Securities and Exchange Commission (SEC) has charged the founder of the DeSoc project BitClout, Nader Al-Naji, with fraud.

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Hamster Kombat Developers Allocate 60% of Tokens to Players

Hamster Kombat Developers Allocate 60% of Tokens to Players

Sixty percent of the total issuance of Hamster Kombat tokens is earmarked for players, according to the project’s white paper, reports The Block.

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Crypto Industry Losses to Hackers and Scammers Surpass $1 Billion in 2024

Crypto Industry Losses to Hackers and Scammers Surpass $1 Billion in 2024

Since the beginning of 2024, cryptocurrency companies have faced 149 incidents of hacks and fraud, resulting in losses exceeding $1.19 billion. This is according to a report by Immunefi, as reported by The Block. In July, hackers obtained $269.4 million through 14 incidents, making it the second most damaging month after May. The majority of […]

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A listing boom: why quantity has not meant quality

A listing boom: why quantity has not meant quality

The number of new coins on exchanges is soaring. In the first half of 2024, listings on CEX already surpassed the tally for all of 2023. According to Bloomberg’s estimates, the trading rosters at leading venues added 240 coins and tokens over the past six months. Experts attribute the frenzy to bitcoin’s rally after the […]

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Binance Labs Selects Four Startups for Funding

Binance Labs Selects Four Startups for Funding

The venture arm of the cryptocurrency exchange Binance has selected four projects — Astherus, Cycle Network, Dill, and EigenExplorer — for the seventh season of its incubation program. We’re thrilled to unveil the first batch of projects that we admitted into Season 7 Incubation@AstherusHub@cyclenetwork_GO@dill_xyz_@EigenExplorer Note: Incubation admission isn’t the same as Labs investments. Learn more […]

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Bernstein Projects $20 Billion Bitcoin Mining Equipment Market in the US

Bernstein Projects $20 Billion Bitcoin Mining Equipment Market in the US

Sales of equipment for mining the premier cryptocurrency in the US could reach $20 billion over the next five years, according to estimates by Bernstein. Bernstein says mining hardware is a $20 billion opportunity amid Trump’s push to ‘make bitcoin’ in the US https://t.co/vx9CfR2VID — The Block (@TheBlock__) July 30, 2024 The impetus for these […]

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AI Bots Invade OnlyFans, Reports Suggest

AI Bots Invade OnlyFans, Reports Suggest

Some adult content creators on OnlyFans are employing chatbots to interact with subscribers, according to an investigation by Reuters. The agency reports that performers are using services from specialized firms to communicate with their audience. An example is the American company NEO Agency, which has developed an AI-based chatbot called FlirtFlow. The firm claims that […]

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KuCoin Unveils GemSlot Platform for Earning Project Tokens

KuCoin Unveils GemSlot Platform for Earning Project Tokens

The cryptocurrency exchange KuCoin has launched the GemSlot platform, which rewards clients with tokens from new projects for completing tasks, according to a press release.

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Russia Legalises Cryptocurrency Mining: Implications for the Industry

Russia Legalises Cryptocurrency Mining: Implications for the Industry

On July 30, the Russian State Duma passed a bill regulating cryptocurrency mining in the country during its second and third readings. The legislation will take effect on September 1. ForkLog discussed the new regulations and their impact on miners with industry experts. What Does the Bill Include? The bill defines terms such as “mining,” […]

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Decentralized Exchanges Reach Record Trading Volume Share

Decentralized Exchanges Reach Record Trading Volume Share

In July, the spot trading volume on decentralized exchanges (DEX) relative to centralized exchanges (CEX) reached a historic high, surpassing 14.3%. This is according to data from The Block Dashboard. The last time the figure approached these levels was in May 2023, at 13.7%. In monetary terms, July’s trading volume on DEX reached $144.2 billion. […]

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Argentina Registers First Company with Bitcoin and USDC Capital

Argentina Registers First Company with Bitcoin and USDC Capital

Argentina’s Ministry of Justice has registered a legal entity with a capital of 0.00457621 BTC and $194.99 in USDC. This marks the first instance following the adoption of the relevant regulation. According to Bitcoincom, Argentina’s Ministry of Justice reported that a company has been registered using cryptocurrency, the first in the country after a regulation. […]

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