“ORDI is a relatively new token that poses a higher-than-normal risk, and as such will likely be subject to high price volatility,” Binance said in a Tuesday announcement. “Please ensure that you exercise sufficient risk management, have done your own research in regard to ORDI’s fundamentals, and fully understand the project before opting to trade the token.” Source
Scams facilitated on BNB Smart Chain (BSC) decreased from $55.4 million in the second quarter of 2023 to $13.6 million in the third quarter, according to an AvengerDAO report contributed to by security firm HashDit. This represents a 75% drop in the amount lost to scams. According to the security firm’s analysis, the drop can be attributed to various factors, including an increase in overall awareness among community members, an uptrend in security products flagging malicious websites and activities, and community members identifying scams early and giving warnings before the…
Kenya might become the first country in the world where the industry’s representatives would develop the regulatory framework for crypto. According to the Blockchain Association of Kenya (BAK), The National Assembly’s Departmental Committee on Finance and National Planning has directed it to prepare the first draft of “what could become a virtual asset service provider’s bill.” On Oct. 31, the Committee on Finance and National Planning invited the BAK representatives to discuss the digital assets regulation. BAK’s legal and policy director, Allan Kakai, shared the details behind the meeting with…
To make the product widely accessible for developers, OpenAI said the new model comes with a more affordable pricing structure than its predecessor GPT-4. In a groundbreaking move, OpenAI has announced the launch of a cutting-edge platform that allows users to create personalized versions of the popular AI chatbot ChatGPT, which made history months after its debut as the fastest-growing consumer app. The company made the announcement during the DevDay conference hosted in San Francisco on November 6. No Coding Experience Needed According to the company’s blog post, the new…
The “multi-million dollar” acquisition gives Austria-based Blockpit a footprint in the U.K. Source
Oasys recently formed a strategic alliance with Adventure Gold DAO (AGLD DAO). This collaboration aims to improve the world of fully on-chain games while also supporting the growth of Autonomous Worlds. Oasys, a game-optimized blockchain that utilizes Ethereum’s Layer-2 scaling solution, has announced a strategic partnership with Singularity, a cross-chain payment solution. This alliance is set to provide gamers with a seamless and convenient payment experience within the Oasys ecosystem, reinforcing the platform’s dedication to enhancing the gaming experience. Partnership Paving the Way for Fiat Payments Singularity’s all-in-one integrated payment…
Fiat payment rails and neobanking services are becoming a vital cog in driving mainstream adoption and acceptance of the wider cryptocurrency space, according to key industry figures at the intersection of traditional finance and Web3. Executives from OpenPayd, Ramp Network and Damex unpacked the increasing importance of third-party payment rails and banking platforms in conversation with Cointelegraph during the recent European Blockchain Convention hosted in Barcelona. OpenPayd CEO Iana Dimitrova outlined how their firm processes over €3 billion of monthly transaction volume and has issued over 2 million accounts, including…
Part of the shortlisted investors that want to relaunch FTX includes Proof Group. After former FTX boss Sam Bankman-Fried (SBF) was found guilty of all the charges by a court jury last week, reports have emerged of shortlisted venture capital firms seeking to relaunch the former top-rated cryptocurrency exchange. According to Kevin Cofsky, a partner at Perella Weinberg, three investment firms have been shortlisted to take over FTX assets including the 9 million customers. Reportedly, a Silicon Valley-based firm Proof Group, which was part of the Fahrenheit consortium that won…
Cathie Wood said that Bitcoin can outperform in both inflationary and deflationary environments and praised its performance during this year’s banking crisis. In her latest interview, Ark Invest‘s Cathie Wood stated that Bitcoin serves not only as an inflation hedge but also as a deflationary hedge. During an appearance on Merryn Somerset Webb’s Bloomberg podcast last week, Wood argued that Bitcoin is devoid of counterparty risk due to its decentralized nature and the transparency of all network transactions. She drew a sharp contrast between this and the opaque intricacies of…
Floki was released in 2021 as a meme coin named after Elon Musk’s pet, Shiba Inu, but has morphed over time to position itself as a serious decentralized finance (DeFi) project. Decentralized finance is an umbrella term for lending and borrowing carried out on the blockchain without the use of intermediaries. Source