Binance’s Ethereum layer-2 scaling platform, opBNB, is now publicly available, following extensive testing of the OP Stack-based platform. The BNB Chain blockchain ecosystem is set to tap into Optimism’s rollup technology, powering its newly launched opBNB layer-2 scaling platform. BNB Chain announced the public mainnet launch of its Ethereum Virtual Machine (EVM)-compatible L2, which delivers...Continue Reading

Many contend that DAOs have failed to deliver on their promises, but developers are coming up with novel solutions. Ask 10 different people to define a decentralized autonomous organization (DAO), and youll likely get 10 different definitions. But there is at least one thing most agree on: DAO governance is a mess. At best, its...Continue Reading

Huobi’s new name HTX stands for exchange, the blockchain project Tron and the company’s 10th anniversary. Cryptocurrency exchange Huobi is celebrating its 10th anniversary with a controversial marketing move — the firm is rebranding from “Huobi” to “HTX,” echoing the name of the bankrupt exchange FTX. Huobi officially announced its rebranding on Sept. 13, renaming the...Continue Reading

BTC’s price clings to $26,000, with Bitcoin traders braced for the Wall Street open, following the latest CPI report. Bitcoin (BTC) saw snap volatility on Sept. 13 as United States macroeconomic data showed inflation beating expectations. BTC/USD 1-hour chart. Source: TradingView Fuel, shelter boost August CPI beyond target Data from Cointelegraph Markets Pro and TradingView...Continue Reading

The Record Academy executive clearly stated that the track is “not eligible” and cited that the vocals were not legally obtained nor were they cleared by the label or artist. The CEO of the Recording Academy, which hosts the yearly Grammy Music Awards, has cleared up misconceptions regarding the eligibility of an artificial intelligence (AI)-generated...Continue Reading

DCG suggests a new deal in Genesis bankruptcy, offering unsecured creditors 70%–90% baseline recovery; if approved, it would involve the renegotiation of a $630-million loan between Genesis and DCG. Digital Currency Group (DCG) has proposed a new agreement plan for the creditors of the now-bankrupt Genesis Global that would also see Gemini Earn users recover...Continue Reading

Ponzi schemes promise returns generated from the money of future investors, while in pyramid schemes, income flows up through recruitment. Ponzi vs. pyramid schemes Both schemes defraud investors by making alluring but false promises, and the majority of participants ultimately suffer large financial losses.  Individuals can protect themselves from these fraudulent schemes by understanding their...Continue Reading

Security firm SlowMist estimated that at least $55 million in digital assets were taken by the CoinEx hackers. The attack on crypto exchange CoinEx which drained at least $55 million was carried out by the North Korean hacker group Lazarus, according to blockchain security firm SlowMist and on-chain investigator ZachXBT. The hacker group was identified...Continue Reading

Adobe, IBM, Nvidia and five other companies have joined the initiative, unveiled in July, aimed at preventing the misuse of AI’s capabilities for harmful purposes. Adobe, IBM, Nvidia and five other companies have endorsed U.S. President Joe Biden’s voluntary artificial intelligence (AI) commitments, including watermarking AI-generated content.  This announcement was made by the White House...Continue Reading

The total assets held in PayPal USD custody “meet or exceed the token balance,” with total tokens outstanding amounting to $44.4 million as of Aug. 31, Paxos report states. Stablecoin issuer Paxos has published the first transparency report for the Ethereum-based stablecoin PayPal USD (PYUSD), stating that the coin is fully backed by assets. According...Continue Reading