Month: June 2023

More than just a ‘token’ bridge – Cointelegraph Magazine

boss

This “Crypto City” guide looks at Sydney’s crypto culture, the city’s most notable projects and people, its financial infrastructure, what retailers accept crypto and where you can find blockchain education courses — along with a history of its crypto controversies. Jump to: Crypto culture, Projects and companies, Financial infrastructure, Where can I spend crypto? Controversies and collapses, Education, Notable figures. Fast facts City: SydneyCountry: AustraliaPopulation: 5.2 millionEstablished: 1788 Sydney is Australia’s first, oldest and second-most populous city (just), world-famous for its harbor views and iconic landmarks, such as the Opera…

Honk if you love Bitcoin! Lightning takes the wheel of a European rally car adventure

boss

A Bitcoin-mobile (BTC) piloted by the “Bitcoin Ambassadors” team is competing in the 8,000-kilometer Baltic Sea Circle Rally race, orange-pilling competitors and campsites along the way.  The car is adorned and sponsored by Bitcoin companies. Source: Cercatrova Two Bitcoin advocates, Cercatrova, the democratically elected president of German-speaking Bitcoin community Einundzwanzig, and his copilot Daktari, set off on the orange-pilling adventure this week, attempting to pass through 9 Northern European countries in their Bitcoin-branded car. Speaking to Cointelegraph from somewhere above the Arctic Circle, Cercatrova explained: “The whole rally is a…

SAP Clients Testing Cross-Border Payments with Circle’s USDC

Customers will receive a designated amount of USDC along with an invoice, enabling them to experience the benefits of fast, affordable, and reliable cross-border payments. In a significant move towards revolutionizing cross-border payments, German software giant SAP SE (ETR: SAP) has made an exciting announcement in this sphere. In a blog post, the company revealed its collaboration with Circle, a leading digital currency firm, to test the use of its stablecoin, USD Coin (USDC) as a means of facilitating international transactions. For businesses engaged in international trade, cross-border payments have…

Crypto scammers and the need for tools to prevent theft: World Token Summit

boss

Digital fraud is a huge problem in social media. Each day, scammers create new accounts mimicking popular content creators, and attempt to get fans and other unsuspecting victims to send them money. To solve the problem, some turned to the blockchain to try to create and implement a decentralized social identity verification system.  At the recent World Token Summit 2023, Cointelegraph spoke to Matthias Mende, the co-founder of the Dubai Blockchain Center and a speaker at the event. During his speech, Mende talked about one of the center’s projects implementing…

Bitcoin mining heats water in Brooklyn Bathhouse, users flip out

boss

A bathhouse in Brooklyn, New York, has left users on Instagram and Twitter divided after it revealed that it is using Bitcoin (BTC) mining rigs to heat its spa. In a June 21 Instagram post, Bathhouse explained it is running Bitcoin mining rigs at its location in Brooklyn, which generates heat as a byproduct. In the post, it described in three steps how the heat is taken by heat exchangers and used to heat the venue’s pools via a circulating system. Bitcoin mining is the process of creating valid blocks that…

K5 Global Sued to Court by FTX, May Pay $700 Million

The suit was filed at the United States Bankruptcy Court for the District of Delaware. Bankrupt FTX exchange has filed a lawsuit against K5 Global – an investment firm owned by a former aide to Hillary Clinton. According to a Reuters report, the suit was filed at the United States Bankruptcy Court for the District of Delaware. It contains 16 counts against the defendants and seeks to recover about $700 million from them. According to the filing, the defendants include K5 Global, Mount Olympus Capital, SGN Albany Capital, their affiliates,…

More than 100,000 ChatGPT Credentials Are Leaked on Dark Web

Group IB’s analysis showed that most of the stolen ChatGPT login credentials were done by the notorious information-stealing malware Raccoon info stealer. OpenAI’s chatbot ChatGPT has been hit by one of the most common forms of cyber attacks, causing the leakage of more than 100,000 login credentials. Singapore-based cybersecurity firm Group-IB revealed in a report that the login credentials were gradually released over the past year. Global-IB’s Report Reveals Compromised ChatGPT Login Credentials According to the June 20 report, Global-IB discovered 101,134 devices with saved ChatGPT credentials on the dark…

Binance.US Solves USD Withdrawal Problems but Warns that Solution Is Only Temporary

Binance.US withdrawals are now fully operational on the exchange, even as it warns users to convert all USD to USDT. Binance.US has announced that users can now resume USD withdrawal, as it has solved the problem. The US arm of the world’s largest crypto agency also said that by working with banking partners, it has almost completely resolved all previously delayed withdrawal requests for USD. However, the exchange warns that this resolution may not be permanent. In an official announcement, Binance.US noted that its systems are fully operational and that users…