Month: July 2023

Binance Australia offices reportedly searched by local regulator

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Binance Australia is working with local authorities on meeting compliance requirements amid reports alleging that the company’s offices were searched on July 4. “We are cooperating with local authorities and Binance is focused on meeting local regulatory standards in order to serve our users in Australia in a fully compliant manner,” a spokesperson for Binance Australia told Cointelegraph. The Australian Securities and Investments Commission (ASIC) conducted searches at Binance Australia locations on Tuesday, Bloomberg reported. The investigation was part of an ongoing probe of Binance’s now-defunct Australian derivatives business, the…

Crypto Twitter will see less exposure on Google due to rate limit slash

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Twitter’s new rate limits severely affect the indexing and display of tweets on Google’s search engine, limiting the reach of the information shared on the microblogging site. According to web search industry outlet Search Engine Land, Google Search has dropped more than half of the indexed URLs from Twitter over the past few days. On July 3, it noted the number of tweets indexed by Google dropped by more than 60% from 471 million to 180 million. On July 4, The Verge shared a statement from a Google spokesperson who said,…

Darknet bad actors work together to steal your crypto, here’s how — Binance CSO

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Lurking in the shadiest corners of the dark web is a “well-established” ecosystem of hackers that target cryptocurrency users with poor “security hygiene,” according to Binance’s chief security officer. Speaking to Cointelegraph, Binance CSO Jimmy Su said in recent years, hackers have shifted their gaze toward crypto end-users. Su noted when Binance first opened in July 2017, the team saw plenty of hacking attempts on its internal network. However, as crypto exchanges continued to beef up their security, the focus has shifted. Phishing scams are particularly prevalent in emails. They…

Meta’s Twitter rival Threads to launch July 6, but will the crypto community budge?

Meta is planning to launch its new Twitter rival, Threads, on July 6, only days after Twitter’s “rate limit” debacle which has temporarily capped how many posts users can read per day. The platform, which is heavily tied to the photo and video-sharing social network Instagram, is expected to be released on Thursday according to a Meta-launched countdown site. Threads has also appeared for pre-order on Apple’s App Store bearing an expected date of July 6. Screenshot of Threads’ listing on the App Store. Source: Apple Despite an arguably well-timed…

Mark Cuban, John Reed Stark clash over the cause of FTX’s collapse

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Billionaire entrepreneur Mark Cuban has again locked horns with former securities chief John Reed Stark, this time over who was ultimately to blame for FTX’s collapse and the impact on creditors. During a heated back-and-forth exchange, Cuban argued had the United States Securities and Exchange Commission set “clear regulations,” no one would have lost money from its collapse. Stark earlier suggested cryptocurrency and stablecoins — including central bank digital currencies — solve no problems and that the crypto industry operates without regulatory oversight, consumer protections and audits, among other things.…

OpenAI pauses ChatGPT’s Bing feature, as users were jumping paywalls

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ChatGPT’s Browse, a Bing-based search engine feature, has been temporarily disabled by OpenAI after a loophole enabled users to bypass paywalled content. In a July 4 tweet, OpenAI notified users of the temporary halt so it could patch the issue and “do right by content owners.” “We’ve learned that ChatGPT’s ‘Browse’ beta can occasionally display content in ways we don’t want, e.g. if a user specifically asks for a URL’s full text, it may inadvertently fulfill this request. We are disabling Browse while we fix this.” We’ve learned that ChatGPT’s…