Month: November 2023

Celsius grants access to withdrawals for eligible crypto holders

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Celsius, the cryptocurrency lending platform that declared bankruptcy in July 2022, has initiated withdrawals for select users. This development signifies a crucial juncture for the company and its clients amid financial instability and legal issues. According to the filing, participants in the Custody Program falling under “Class 6A General Custody Claims” and “Class 6B Withdrawable Custody Claims” are now eligible for fund withdrawals, with a deadline set by the platform for these transactions until Feb. 28, 2024. Eligible participants can withdraw 72.5% of their cryptocurrency holdings, subject to transaction fees…

KyberSwap hacker demands complete control over Kyber company

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Update Nov. 30 1:10PM UTC: This article has been updated to add details on the hackers demands. The hacker behind the $46 million KyberSwap exploit has finally released their conditions for the return of the stolen funds, which includes “complete executive control” over the Kyber company.  On Nov. 30, the KyberSwap hacker sent an on-chain message addressing all relevant and interested parties. The hacker laid out demands, including control over the company, temporary full authority and ownership of its governance mechanism, the KyberDAO, all documents related to the company and…

Brazil Approves Proposed 15% Income Tax on Crypto Earnings Held on Foreign Exchanges

The move to regulate and tax cryptocurrencies held on foreign exchanges comes as digital assets are gaining popularity in Brazil. The Brazilian Senate recently gave the green light to a new tax reform aimed at imposing a 15% tax on cryptocurrencies held on foreign exchanges. The proposed bill on crypto income has already received approval from the nation’s Chamber of Deputies, a federal legislative body, and the lower house of the National Congress of Brazil. It is now awaiting final approval from the country’s President, Luiz Inácio Lula da Silva.…

The Benefits of Building Apps On-Chain

But with each of these single-player examples, it’s important to note that the problem to be solved should never really be viewed as a “crypto” problem. Rather, the framing should be to use crypto as an enabling technology for whatever industry the application actually lives within: restaurants, entertainment, sports, content creation, etc. The most compelling short-term benefits are often best described relative to the context of each industry. Source

Sam Altman Returns as OpenAI CEO after 12 Days of Unemployment while Microsoft Gets Board Seat

Altman shared his strategic vision for the future of OpenAI. He noted that the firm will renew its commitment to research, improving its products, and better serving its customers. OpenAI CEO Sam Altman has officially returned to his role after being temporarily ousted by the company board. At the time, the board cited communication breakdowns with Altman as their reason for his removal. The removal triggered 97% of OpenAI employees who asked for the reinstatement of Altman and the resignation of the board. On November 22, the board agreed in…

Amazon Joins AI Image Creation Race with New Model Titan

Amazon’s Titan Image Generator offers a user-friendly interface akin to using Stable Diffusion (SDXL), providing a solid blend of control and versatility. American multinational technology company Amazon.com Inc (NASDAQ: AMZN) has entered the growing field of generative Artificial Intelligence (AI) with the launch of its latest innovation, the Amazon Titan Image Generator. This new addition is part of the broader Amazon Titan suite, a collection of multimodal foundation models available through Amazon Web Services (AWS). The announcement made by AI and ML educator Antje Bartha in an official blog post…

Rare Signal Predicts Next XRP Price Move: Crypto Analyst

The XRP price has been treading water in recent days. After XRP rose by more than 52% in just 18 days from mid-October to early November, the price is currently in a clear consolidation phase in the shorter time frames. However, a look at the 1-month chart of the XRP/USD trading pair shows that the XRP price has exhibited strong bullish months. In this sense, Crypto analyst Egrag has drawn attention to an extremely rare phenomenon in the XRP monthly price chart. The pattern in question is a series of…

Sending DraftKings Millions to Run Failed Validator

By this point, DraftKings was rolling in MATIC rewards. In eight months, the validator’s token stake had grown 120% to 5,578,691 MATIC ($6.3 million at the time). No other Polygon validator had earned that much for itself over that time. Then again, none of the other validators had been charging 100% commission on so many tokens delegated from Polygon. Source

Google DeepMind’s AI predicts 2 million novel chemical materials for real-world tech

Google DeepMind has utilized artificial intelligence (AI) to forecast the structure of over 2 million novel chemical materials, marking a breakthrough with potential applications for enhancing real-world technologies soon. In a scientific paper released in the Nature Journal on Wednesday, Nov. 29, the AI company owned by Alphabet reported that nearly 400,000 of its theoretical material designs may soon undergo laboratory testing. Possible uses for this research encompass the development of batteries, solar panels, and computer chips with enhanced performance. According to the paper, identifying and creating new materials is…