Crypto is down, but FET and AI tokens are up — Here’s why

Cybersecurity firm Trend Micro announced that it found a malware dubbed BlackSquid that infects web servers employing eight different security exploits and installs mining software. The findings were announced in a blog post published on June 3.Per the report, the malware targets web servers, network drives and removable drives using eight different exploit and brute…

Coinbase Ventures, the investment arm of the major crypto exchange, has invested an undisclosed amount into Titan, a developer of software and services targeted at industrial Bitcoin (BTC) mining.According to Titan’s announcement, the investment will help continue development of the company’s products and improve efficiency and profitability of Bitcoin mining companies.Ryan Condron, co-founder and CEO…

After issuing a warning against a Baht-pegged stablecoin produced by a South Korea-based firm, Thailand plans to introduce a series of regulations for stablecoins in 2021. 3542 Total views 17 Total shares The Bank of Thailand, or BoT, is upping its game on the stablecoin front. This week, the institution had warned citizens that Thai…

Covid-19 relief money does not seem to have been spent by many Japanese on cryptocurrencies. 1524 Total views 3 Total shares In April, the Japanese government began distributing 100,000 yen payments — about $930 —  to every household. But did the Japanese follow some in the United States and spend that money in crypto exchanges?…

GPT-4o is OpenAI’s most advanced AI model, surpassing its predecessors in speed, cost-efficiency and multimodal capabilities.

Last Monday, Chinese media reported that police in Guangdong froze thousands of bank accounts belonging to over-the-counter traders. 144 Total views 33 Total shares It was reported last week that thousands of bank accounts belonging to Chinese over-the-counter cryptocurrency traders were recently frozen by law enforcement. The police claimed that this was part of a…

Disclaimer: This article previously read that Gavin Brown was the co-founder of Blockchain Capital, when indeed he is the co-founder of a different firm, Blockchain Capital Ltd. The name of the firm has been changed to reflect the correct nomenclature.Blockchain Capital Limited co-founder Gavin Brown said that he expects that there will be only one…

China updated its cryptocurrency rankings on May 23 — with eos retaining the top spot and bitcoin moving up three places.The government-sponsored index assessed each blockchain on three criteria: technology, application and innovation.Joining EOS in the top five was tron, ether, steem and ontology.Despite its dominance in the crypto industry overall, Bitcoin was in 12th…

Edwin Bautista, president and chief executive of UnionBank of the Philippines, has forecast that the coronavirus outbreak will drive banks to shift towards digital currencies, leaving physical cash behind.As Euromoney reported on April 3, Bautista noted that the pandemic provoked a heightened demand in online banking services, pushing banks to revise their digitization strategy. “Certainly,…