Month: September 2023

Binance to reimburse users $1M for Cyber Earn incident

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Crypto exchange Binance is refunding users 1 million Tether ($1 million) over its handling of the CyberConnect (CYBER) token incident. As narrated by the exchange on Sept. 7, a price discrepancy on listed CYBER tokens occurred the week prior due to a liquidity crunch constricting CYBER cross-chain bridges on Korean cryptocurrency exchange Upbit. This led to arbitrageurs borrowing CYBER from Binance to profit from the differential. In turn, Binance users who staked CYBER in its Flexible Earn Program were barred from redemptions as the staked assets had been borrowed, reaching…

UK Crypto Firms Can Apply for 3-Month Reprieve to Comply With Tough New Ad Rules

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Binance’s indecision to freeze BNB wallets drew controversy in this $11M rug pull

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A BNB Chain rug pull scams users out of $2 million ($11 million at today’s BNB prices). Users ask Binance for help. Binance says it has frozen the funds but then retracts the statement. The funds sat in the address for nearly two years when Binance suddenly took action to freeze the scammer’s wallet, which had grown to $10.8 million. Previously, Binance had stated that it could not freeze wallets outside exchange addresses due to BNB Chain’s decentralized nature. Users are unhappy and demand Binance to do more. This is…

Bitcoin Could Decline Further Before A Rebound, Here’s Why

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The pattern of an on-chain metric may suggest that Bitcoin could see more downside ahead before a rebound is found. Bitcoin STH SOPR Hasn’t Hit The Bottom Zone Yet An analyst in a CryptoQuant Quicktake post explained that the BTC short-term holders are selling at a loss. The relevant indicator here is the “Spent Output Profit Ratio (SOPR),” which tells us whether the Bitcoin holders are selling their coins at a profit or a loss. When the value of this indicator is greater than 1, it means that the average…

Creative AI art, Tomorrowland sells tomorrow’s future  – Cointelegraph Magazine

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Greg Oakford, co-founder of NFT Fest Australia, is your guide to the world of NFTs from a collector and fan’s perspective. Seventeen years ago, Pindar Van Arman built a robot that, like him, painted with a brush on canvas. He has built several robots since, with each iteration possessing a more sophisticated artificial intelligence that tried to paint “more like I painted.” The term OG can be thrown around often undeservedly, but Van Arman is truly that when it comes to AI art. He created his first crypto art project…

Opera GX Integrates AI Tool for Improved Gaming Experience

To use the AI tool, Opera GX users will have to enable “Early Brid” in their browser settings. Gaming browser Opera GX has announced an integration of the ChatGPT-powered AI feature Aria to improve the gaming experience for users. Aria was first launched on the flagship Opera browser in May to make it easier for users to search the web, find quick answers to questions and write code. It is currently available in over 180 countries and has over a million beta users. Opera GX Early Bird users will be…