Day: June 3, 2023

Binance likely updated bitcoin confirmation process, on-chain data reveals

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied New on-chain data has picked out activity surrounding Binance’s consolidation transactions. As observed, the latest batch of these transactions has been subjected to a replaced-by-fee (RBF) shift, escalating from 13.5 sats/vb to 56.4 sats/vb.  It is despite these transactions failing to “signal BIP125 replaceability”, suggesting that Binance, the world’s largest exchange, could be running a Full-RBF Peering Bitcoin core advocated by Peter Todd. RBF is a standard protocol in the Bitcoin network allowing the sender to increase the…

Solana rallies past $20, InQubeta presale drawing attention in the AI industry

The InQubeta (QUBE) presale can go a long way in reshaping the artificial intelligence (AI) industry. Currently, people are exploring the project’s potential, with many considering it for investment. In the meantime, other altcoins are hinting at growth. Among them is solana (SOL), which recently broke the $20 mark.  The InQubeta presale is successful because it offers a solution that allows investors to overcome obstacles that typically hinder them from using traditional investment methods, such as requiring costly minimum investment amounts or relying on inside connections. By making it easier for investors…

Is Biden’s controversial Bitcoin mining tax dead or set to rise from the ashes?

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Bitcoin (BTC) miners in the United States can breathe a sigh of relief after a proposed tax on crypto mining did not make it into a bill to raise the U.S. debt ceiling that appears set to pass. The Digital Assets Mining Energy (DAME) excise tax proposal sought to charge crypto miners a tax equal to 10% of the cost of the electricity they used for mining in 2024, before scaling up to 30% in 2026. The tax was highly controversial, with critics arguing that it had the potential to…

Binance CEO hints at Bitcoin Lightning Network integration 

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Changpeng Zhao (CZ), the CEO of Binance, engaged with the crypto community in a Twitter Spaces session, addressing questions and shedding light on various topics. Among the key highlights was CZ’s discussion on the potential integration of the Bitcoin Lightning Network, a layer-2 scaling solution. Binance eyes Lightning Network integration  Binance CEO Changpeng Zhao (CZ) recently participated in a Twitter Spaces session, where he answered various questions from the audience. One of the highlights of his discussion was…

Marathon Digital Holdings mined $33.8 million of bitcoin in May

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Marathon Digital Holdings, Inc., a bitcoin mining and blockchain technology company, shared updates regarding its bitcoin production and mining operations for May 2023. The firm also revealed that it mined 1,245 bitcoin (BTC) in May, a 77% increase from April and a 366% jump compared to May 2022. The company increased its operational hash rate by 9% to 15.2 exahashes per second (EH/s) and raised its installed hash rate by 13% to 20.1 EH/s. These augmentations…

OpenAI commits $1M to support AI-driven cybersecurity initiatives

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The adverse effects of artificial intelligence (AI) technology in the hands of criminals, enabling the creation of deep fakes and malware, have heightened the urgency for action.  OpenAI, the creator of ChatGPT and Dall-e, has announced a $1 million cybersecurity grant program to enhance and measure the impact of AI-driven cybersecurity technologies. The AI company has consistently emphasized the importance of AI regulation to thwart potentially malicious applications. In an ongoing digital arms race, OpenAI appears to be taking proactive measures to ensure positive forces do not lag behind. OpenAI…

Crypto influencer on TikTok pleads guilty to $1.2 million fraud

A former TikTok crypto influencer has been forced to forfeit a gold physical bitcoin and more than $17,000 in cash after pleading guilty to wire fraud, aggravated identity theft, and money laundering charges. TikTok star splurged stolen cash on crypto Denish Sahadevan, also known as Danny Devan on social media, reportedly ran an elaborate scheme through which he defrauded lenders and the Small Business Administration (SBA) of over $1.2 million in funds from the Paycheck Protection Program (PPP) loans and Economic Injury Disaster Loans (EIDL). The U.S. Attorney’s Office for…

Fraudsters impersonate executives and create fake website

Hayden Adams, the creator of the Uniswap protocol, recently expressed his surprise on Twitter regarding a scam where individuals created a fake Uniswap website. In a tweet, Adams showed his astonishment at the elaborate nature of the scam, emphasizing that it required a significant amount of effort. He further disclosed that the scammers had gone to the extent of incorporating Chinese community content into their scheme and even included links directing users to the legitimate Uniswap app on their deceptive website. To add an extra layer of credibility to their…

NFT hacker’s new technique introduces new feature to Blur market

A hacker known as “Pink Drainer” has discovered a method to enable private sales on Blur, a platform that typically does not offer this feature. This revelation, first shared by Twitter user Quit, has the potential to alter the dynamics of the NFT marketplace significantly. Pink drainer has learned how to hack his way into enabling private sales on Blur. Normally, Blur doesn’t offer private listings. Any listing you create is open to be fulfilled by anybody. But lately, Pink has been buying items for 0 eth on Blur. How?1/🧵…