In the ever-evolving world of technology, one threat looms large over the crypto industry – AI-enabled deepfake videos. Changpeng Zhao (CZ), the CEO of Binance, recently raised concerns about the significant risks these videos pose. Specifically, CZ referred to a video featuring Joshua Xu, the CEO of HeyGen, and expressed his unease regarding the implications
Blockchain
The recently launched Base, an Ethereum layer 2 blockchain developed by Coinbase, has made a remarkable start with inflows of just over $10 million within the first 24 hours. This influx of funds demonstrates the confidence investors have in this new platform and its potential to transform the decentralized finance (DeFi) landscape. A Growing Userbase
In the midst of the growing excitement around Bitcoin (BTC) spot ETF applications, a parallel surge of Ethereum (ETH) futures ETF applications is quietly gaining momentum. As of August 10, there are 14 different Ethereum futures ETF applications waiting for evaluation by the U.S. Securities and Exchange Commission (SEC), surpassing the number of Bitcoin spot
Financial privacy and anonymity have long been cherished principles within the blockchain community. From the beginning of Bitcoin, these ideals were central to the vision outlined in Satoshi Nakamoto’s white paper. However, recent actions from regulators have posed significant challenges to the preservation of these principles. Understanding the motives behind regulatory actions is essential in
The performance of crypto hedge funds in the first half of 2023 has been disappointing, as they have significantly underperformed Bitcoin. Furthermore, around 13% of these funds have already closed their operations this year. This article will delve into the reasons behind this underperformance and shed light on the challenges faced by these funds. According
In a significant legal victory for Tether and Bitfinex, Chief Judge Laura Taylor Swain of the U.S. District Court for the Southern District of New York dismissed a class action lawsuit brought against the stablecoin issuer. The lawsuit, filed by Matthew Anderson and Shawn Dolifka in 2021, alleged that Tether’s claims of its stablecoin, USDT,
In a rapidly evolving digital world, the boundaries between the physical and virtual realms continue to blur. The latest example of this convergence is the Game4Ukraine charity soccer match, which will not only take place in the real world but also in the virtual realm of the metaverse. This groundbreaking event, announced by Ukrainian President
The state of Wyoming is taking a decisive step in the world of cryptocurrencies by seeking an executive director for its new stablecoin project. This position comes with a lucrative offer—a generous annual salary of $150,000. Interestingly, this amount is $10,000 higher than what the state’s governor earns. The executive director will be responsible for
During a recent Twitter “Ask Me Anything” (AMA) session, Changpeng “CZ” Zhao, the CEO of Binance, expressed his intention to introduce smaller algorithmic Stablecoins to provide investors with alternatives to the existing global Stablecoin giants. CZ emphasized the concerns associated with large Stablecoins like Tether and Binance USD, citing a lack of transparency and audit
The Korea Financial Intelligence Unit (KoFIU) has called for the Korean cryptocurrency industry to intensify their efforts in combating illegal activities. In a recent meeting, KoFIU Commissioner Rhee Yunsu announced the establishment of a specialized team dedicated to conducting in-depth analysis of crypto-related crimes. The ultimate goal is to provide law enforcement and investigators with