Day: August 4, 2023

Borroe presale attracting investors, Cardano remains volatile

The crypto world is constantly evolving. New platforms like Borroe are emerging to provide alternative funding solutions for web3 businesses and users. At the same time, established projects like Cardano (ADA) are facing challenges due to ongoing scrutiny from regulators. Expounding Borroe  Borroe is a platform that helps web3 businesses with their financial needs. It offers a solution allowing companies to turn future income streams into non-fungible tokens (NFTs) that investors fund. These NFTs provide businesses with the necessary capital to meet their immediate needs. Borroe’s platform has several advantages over traditional financing…

Curve Finance Exploiter Returns 61,000 ETH After Protocol’s Stern Warning

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In a surprising turn of events, the hacker known as the “Alchemix/Curve Finance Exploiter” has returned a total of 4,819.55 alteth and 6106 Ethereum (ETH) to Alchemix Finance, as reported by the journalist Colin Wu.   The hacker, who had gained unauthorized access to the protocol, had earlier demanded that the Alchemix Finance team confirm the address to which they wanted the stolen funds returned. Curve Finance Breach Ends On Positive Note Curve Finance has announced the return of stolen funds worth over $60 million, which were taken in a recent…

Curve Finance exploiter returns $12.7 million of stolen funds

Following the recent Curve Finance exploit, the perpetrator has made a surprising move by returning a significant portion of the stolen assets to the protocol. Reports indicate that the exploiter has sent around $12.7 million worth of 4,820 Alchemix Ethereum (alETH) and 2,258 Ethereum (ETH) to the Alchemix Finance platform. Hacker returns $12.7 million worth of alETH The events follow Curve’s request to the hacker on Aug. 3 to return the funds, after which the hacker requested that they confirm the address. The hacker labeled as “Alchemix/CurveFinance Exploiter” returned a…

The absurd AI mania is coming to an end

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AI large language models raised over $25 billion in the first half of 2023. The industry is starting to look like a bubble that’s about to burst. Venture capital interest in cryptocurrency has decreased significantly since the bull run of 2021. At $2.3 trillion in market capitalization, every VC wanted a piece of the industry. The picture is now very different. Another dominant force in the market has attracted the vast majority of venture funding over the past year: artificial intelligence large language models (LLMs). However, AI has already started…

CBDC supporter likely in White House next term, crypto divide not red v. blue: Grayscale

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The next president of the United States is likely to be in favor of central bank digital currency (CBDC), crypto asset manager Grayscale observed in a post on its website, as the current frontrunners in both political parties have expressed their support for it. Neither seems to like Bitcoin. Joe Biden and Donald Trump currently have healthy leads in the 2024 presidential polls among members of their respective parties. Both of them are “favorable toward exploring CBDC,” echoing conclusions drawn by Forbes earlier this year. Trump has called Bitcoin (BTC)…

Coinbase CEO says leaving US ‘not even in the realm of possibility right now’ — Report

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Brian Armstrong, the CEO of Coinbase, has reportedly given a mixed response about whether the cryptocurrency exchange plans to leave the United States amid regulatory uncertainty. According to an Aug. 4 report from the Financial Times, Armstrong said Coinbase was “staying in the United States” despite many other crypto firms considering leaving the country over the potential threat of legal action from federal regulators. Coinbase currently faces a lawsuit from the U.S. Securities and Exchange Commission, as well as scrutiny from 10 state regulators, many of whom issued cease and…

Coinbase CEO says leaving US ‘not even in the realm of possibility right now’: Report

Brian Armstrong, chief executive officer at Coinbase, has reportedly waffled about whether the cryptocurrency exchange plans to leave the United States amid regulatory uncertainty. According to an Aug. 4 report from the Financial Times, Armstrong said Coinbase was “staying in the United States” despite many other crypto firms considering leaving the country with the potential threat of legal action from federal regulators. Coinbase currently faces a lawsuit from the U.S. Securities and Exchange Commission as well as scrutiny from 10 state regulators, many of whom issued cease and desist orders…

XDC Token Continues To Record Higher Gains Daily, Can It Achieve $0.1 Mark?

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XDC Network is now on its way to the $0.1 target price after encouraging price movements over the past weeks. The token is now among the most searched cryptos ranking fourth on CoinMarketCap’s list of trending cryptocurrencies. However, the question remains: How long can XDC sustain these rallies? Are the bulls energetic enough to exceed the anticipated $0.1 price mark? Let’s see XDC Soars Amid Market Downturn, What’s Fueling Its Price Movements? XDC Network is soaring today, August 4, as the broader market slightly improved. With a bullish momentum, the…

Worldcoin plans to open source data, MicroStrategy preps for BTC halving, and more

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The launch of the controversial digital ID crypto project, Worldcoin, has stirred up a wave of attention and debate. Led by Sam Altman, the CEO of OpenAI, Worldcoin made headlines with its promise to introduce a futuristic digital identity system based on iris scanning, differentiating humans from artificial intelligence (AI) entities. The process — proof-of-personhood — generates a unique World ID, with all biometric data stored on a decentralized blockchain. The innovation lies in the zero-knowledge proof mechanism, which enables human verification without divulging the underlying data. Despite generating controversy…

Global X Refiles Spot-Bitcoin ETF Application, Naming Coinbase as ‘Surveillance-Sharing’ Partner

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If approved, the fund would grant investors “exposure to bitcoin with important protections that are not always available to investors that invest directly in bitcoin,” lawyers said in the filing. Global X’s spot-bitcoin applications marks the ninth active spot-bitcoin application filed with U.S. regulators, in addition to a petition by Grayscale to appeal the SEC’s rejection of its proposed spot-bitcoin ETF conversion (Grayscale is a subsidiary of CoinDesk parent company Digital Currency Group). Original