Day: January 24, 2023

Microsoft Announces New Investments in OpenAI

Microsoft has been working on transforming Azure into an AI supercomputer, primarily through its investments in OpenAI over the years. American technology corporation Microsoft (NASDAQ: MSFT) has announced a multibillion-dollar investment in Artificial intelligence company OpenAI, which is also the maker of ChatGPT. The tech company noted that the investment is towards advancing AI breakthroughs to ensure the benefits spread across the world. Although Microsoft did not specify the amount invested in OpenAI, Semafor reported earlier this month that the agreement is worth $10 billion. Microsoft’s latest investment in the artificial intelligence…

FBI Confirms North Korea Was Behind $100 Million Harmony Hack

Hackers used a privacy protocol called RAILGUN to try to conceal their transactions. The Federal Bureau of Investigation (FBI) has concluded its investigations into last year’s crypto hack that saw US-based Harmony protocol, lose $100 million worth of crypto. According to the FBI, the investigation has revealed that the June attack was perpetrated by two North Korea-backed hacking groups. They are the Lazarus Group and the APT38. Interestingly, the finding is not far off from earlier suspicions that made the rounds shortly after the massive exploit happened. Meanwhile, the breakthrough…

South African Dispute Resolution Office Says It Now Considers Crypto-Related Complaints – Regulation Bitcoin News

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According to South Africa’s Office of the FAIS Ombud, an independent dispute resolution office, individuals with crypto-related grievances that occurred after Oct. 19, 2022, can now formally submit such complaints on the agency’s website. However, the Office of the FAIS Ombud insisted that all complaints that occurred before crypto assets were designated financial products will not be considered and should not be resubmitted. Code of Conduct for Crypto Asset Service Providers The South African government agency charged with investigating and resolving complaints in terms of the Financial Advisory and Intermediary…

Bitcoin’s Weekly Options Trading Volume Rises to Highest Since FTX’s Meltdown

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Uniswap holders ditch Ethereum for BNB Chain to deploy v3 protocol

Holders of Uniswap’s UNI (UNI) governance token have decided to deploy the third version of the decentralized exchange protocol on BNB Chain, a rival of the Ethereum network. In a proposal posted on Jan. 17, Ilia Maksimenka, CEO of the decentralized finance protocol Plasma Finance, argued why the Uniswap v3 protocol should be deployed to BNB Chain, writing: “We believe this is the right moment for Uniswap to deploy on BNB PoS Chain, for many reasons (one of them is License expiration).” After the discussion on the governance forum, the Uniswap…

Uniswap holders ditch Ethereum for BNB PoS Chain to deploy V3 protocol

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Holders of Uniswap (UNI) have decided to deploy the third version of the decentralized exchange (DEX) protocol on BNB Chain, a rival of the Ethereum network. In a proposal posted on Jan. 17, Ilia Maksimenka, the CEO of the decentralized finance (DeFi) protocol Plasma Finance, highlighted reasons why the Uniswap v3 protocol should be deployed to the BNB Chain. Maksimenka wrote: “We believe this is the right moment for Uniswap to deploy on BNB PoS Chain, for many reasons (one of them is License expiration).” After the discussion on the…

Logitech Posts Fiscal Q3 2023 Results, Sees Sales Slide 22% YoY

Computer mice, keyboards, and webcams maker Logitech has lowered its full-year sales outlook after an underwhelming fiscal Q3 2023 report.  Logitech International SA (NASDAQ: LOGI) recently posted its Q3 2023 earnings report, which showed a 22% drop in quarterly sales. The underwhelming performance also underscored Logitech’s preliminary results, with a halt in customer purchases of new equipment amid slowdown worries. For its fiscal Q3 2023, Logitech reported sales of $1.27 billion, with category sales declining 22% and 17% in both US dollars and constant currency. In addition, the Swiss-American computer…