MEV bot scam rides AI hype to return under new name, says SlowMist
Blockchain security firm SlowMist found a growing number of people lost funds to fake trading bots that use OpenAI’s ChatGPT in the name to build legitimacy.
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Alrosa, Tencent, Everledger Bring Diamonds on the Blockchain to WeChat
The world’s largest diamond mining firm, Russia’s Alrosa, has partnered with Tencent, the operator of Chinese social media app WeChat, on a new blockchain-based e-commerce project.Together with blockchain platform Everledger, Tencent and Alrosa will launch a new diamond-focused retail mini-program targeted at WeChat’s one billion active users, according to a Dec. 16 press release.In a…
Kamala Harris closer to running against Trump as 68% Democrats pledge support
Vice President Harris has secured more than enough backing to clinch her spot as the official Democratic nominee.
G20 Leaders Reaffirm Position on Cryptocurrencies in Statement
G20 leaders reaffirmed their previous stance towards cryptocurrencies in a declaration following the G20 Summit in Osaka on June 29In the declaration, the G20 leaders state that cryptocurrencies do not currently constitute a threat to monetary stability, and that technological innovation can deliver significant benefit to the economy.The participants also welcome the ongoing work on…
Binance CEO announces recovery funds conversion from BUSD to ‘native crypto’
Binance CEO says with recent “changes” in stablecoins and banks, the company’s recovery fund will be converted from BUSD to “native cryptos" such as BTC. 1359 Total views 12 Total shares Own this piece of history Collect this article as an NFTThe failure of three major crypto-backing banks, Silicon Valley Bank (SVB), Silvergate Bank and…
Bitcoin boon as US inflation hits 13-year high, wages fall to lowest in 21st century
It's grim news for economists and a bittersweet advertisement for Bitcoin this week after the latest CPI report. 1086 Total views 1 Total shares Bitcoin (BTC) gained more free publicity this week as inflation data showed that prices are rising faster than even experts had anticipated.The latest Consumer Price Index (CPI) report on June 10 from the…
How to tell if a cryptocurrency project is a Ponzi scheme
The crypto world has experienced an increase in Ponzi schemes since 2016 when the market gained mainstream prominence. Many shady investment programs are designed to take advantage of the hype behind cryptocurrency booms to beguile impressionable investors.Ponzi schemes have become rampant in the sector primarily due to the decentralized nature of blockchain technology which enables…
Grocery Involved in Nearly Half of all DLT Supply Chain Projects
The grocery sector is responsible for nearly half of all Distributed Ledger Technology-based (DLT) supply chain projects.UCL: grocery most active in DLT trackingResearch conducted by the University College London centre for blockchain and retail blockchain consortium and published on Aug. 4 shows that the grocery industry has the highest number of DLT-based supply chain tracking…
Future for State-Backed Brazilian Token Issuance Unclear as Bank Sees Leadership Reshuffle
On June 18, Brazil’s National Bank for Economic and Social Development (BNDES) announced the election of Finance Director José Flavio Ferreira Ramos as its interim president. Ramos will serve as the BNDES head until the inauguration of 38-year-old Gustavo Henrique Moreira Montezano, a former economist and the current deputy secretary of privatization and disinvestment. Montezano’s appointment followed…