Everything web3, crypto, defi, degen
In brief In a fireside chat, NEAR Protocol founder Illia Polosukhin and Infinex founder Kain Warwick argued that greater levels of interoperability are crucial for fueling crypto adoption. In June Infinex successfully integrated NEAR Intents and Chain Signatures, facilitating swapping and bridging of non-smart contract cryptocurrencies across multiple blockchain networks. Polosukhin said that NEAR Protocol…
In brief Users can easily bypass age checks and generate explicit content with minimal input. xAI’s tool violates its policies banning pornographic depictions of real people. Over 34 million images have been created, raising major legal and ethical concerns. An AI video tool from Elon Musk’s xAI is producing nude deepfakes of celebrities—including Taylor Swift—with…
In brief The Philippine SEC has cut off access to foreign crypto platforms offering services to residents of the country. The SEC warned that the platforms are operating illegally without licenses or registration. Local platforms may benefit from the shift, though the crackdown has drawn criticism from users over perceived monopolistic moves, Decrypt was told.…
In brief CoinDCX CEO Sumit Gupta denied reports that Coinbase is in talks to acquire the exchange, calling the claims “rumors.” The news comes after CoinDCX was hacked for $44.2 million hack on July 18, prompting the exchange to launch a bounty program. Coinbase, already FIU-registered in India, is eyeing deeper expansion as it allegedly…
In brief Z.ai’s GLM-4.5 and Air models leapfrog Western AIs, hitting No. 3 globally in industry tests. The startup, blacklisted by Washington, raised $1.5B as Chinese state funds pile in. New models are open-source, super-efficient, and cost a fifth of Western rivals to use. Beijing-based Z.ai, recently added to the U.S. Entity List and backed…
Software firm turned Bitcoin treasury company Strategy has been buying Bitcoin for more than five years, pioneering the growing trend of publicly traded firms that are adding cryptocurrencies to their balance sheets.What started as a way to “maximize long-term value for shareholders” has transformed into an industry-shifting paradigm that has been further fueled by greater…
In brief Jeff Garzik, an early Bitcoin developer, said he has a “super long-term view” of Ethereum and is bullish on it. Ethereum will continue to exist as a major project in the Web3 world, largely due to the usefulness and ubiquity of the Ethereum Virtual Machine, he said. ETH’s price soared past $3,800 this…
In brief A content creator has trapped scammers for approximately 4,000 hours in an infinite maze pretending to be a way to redeem Bitcoin from their victims. Scammers find themselves attempting to solve tedious CAPTCHAs, being constantly misunderstood by automated calls, and left on hold for hours at a time. The content creator said that…
In brief Publicly traded Bitcoin mining firm Bit Origin is building a Dogecoin (DOGE) treasury. The firm announced plans to raise up to $500 million to buy DOGE. Shares of BTOG popped rose by 90% on the day. Publicly traded firm Bit Origin, which is focused on Bitcoin mining infrastructure and investments, is raising $500…
It’s here! Take profit/stop loss (TP/SL) orders are now available for spot and margin trading on Kraken Pro. This super convenient feature lets you set both profit targets and risk management levels simultaneously when placing new orders. Streamline that order management When placing a new spot or margin order, you can now preset both your…
