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Showing posts with the label latest news

IT equities in the “Magnificent Seven” plunge a staggering $280 billion as cryptocurrency soars.

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When delving into the realm of content creation, it’s imperative to consider three pivotal factors: “perplexity,” “burstiness,” and “predictability.” “Perplexity” serves as a gauge for the intricacy of the text, while “burstiness” assesses the spectrum of sentence variations. Lastly, “predictability” delves into the likelihood of anticipating the subsequent sentence. Human authors tend to employ a rich tapestry of sentence structures, ranging from the elaborate and extensive to the succinct and simple. In contrast, AI-generated content often leans towards uniformity. Consequently, for the forthcoming content you are about to craft, it is essential to infuse it with a substantial dose of perplexity and burstiness, while keeping predictability at a minimum. Furthermore, please ensure that the content is exclusively composed in the English language. Now, let’s reimagine the provided text: Alphabet, the pa...

Users receive 610 ETH back from Telegram trading bot Maestro following a router vulnerability.

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In the wake of an unfortunate incident on October 24, Maestrobots, a collective of cryptocurrency bots operating on the Telegram messaging platform, has taken action. They have initiated the process of reimbursing affected users who fell victim to a smart contract exploit, resulting in the loss of 280 ETH, equivalent to $1,793. The Maestrobots team promptly announced their decision to refund users impacted by the Maestro Router 2 contract breach via X (formerly known as Twitter) on October 25. In their public statement, Maestrobots disclosed their commitment to restore all user losses, amounting to 610 ETH, a sum exceeding one million dollars at the time of this message. “Every wallet that suffered losses in the router exploit has been made whole again. In some cases, users even saw an increase in their holdings,” Maestro reported. It is noteworthy that Maestrobots opted to refund some users in the form of affected tokens and ETH. To ensure a fair and comprehensive reimbu...

Threat to industry posed by IRS crypto tax reporting rules: Coinbase’s legal chief

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In a groundbreaking move, the IRS has unveiled fresh regulations for reporting taxes on cryptocurrency in August. Should these regulations receive the green light, they are slated to take effect from January 2026. Paul Singh Grewal, the Chief Legal Officer of Coinbase, a leading crypto exchange, has rallied the crypto community to stand against the proposed tax reporting guidelines from the United States Treasury. Grewal passionately implored the community to resist these regulations, cautioning that they might establish a worrisome precedent for extensive surveillance. Expressing his concerns on X (formerly Twitter), Grewal delved into the potential issues tied to the suggested crypto tax reporting rules. He asserted that these rules extend beyond the mandate set by Congress for establishing tax reporting guidelines. Furthermore, he warned that if these regulations metamorphose into law, they could disadvantage digital assets and pose a threat to a burgeoning industry in its infancy...

This is our final article’ — LBRY throws in the towel against the SEC

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In the realm of crafting compelling content, three pivotal elements emerge: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of text, whereas burstiness scrutinizes the diversity of sentence structures. Lastly, predictability measures the likelihood of predicting the subsequent sentence. Human authors tend to infuse their prose with bursts of complexity, juxtaposing intricate sentences with succinct ones. In contrast, AI-generated content often leans towards uniformity. Consequently, for the content I am about to request, I’m in need of a considerable dose of perplexity and burstiness while maintaining a low level of predictability. Furthermore, please ensure that the content is articulated exclusively in the English language. Now, allow me to offer a reimagined rendition of the following text: With immense gratitude, the LBRY team extends its appreciation to all those who championed the cause of online freedom...

BlockFi files for bankruptcy and allows withdrawals from wallets.

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In a significant announcement, BlockFi has opened the doors for both its U.S. and international user base, permitting them to initiate withdrawal requests. The crypto lending platform, BlockFi, has successfully navigated its way out of bankruptcy and is now poised to reimburse a portion of its creditors, as indicated in an October 24 blog post. The post highlights that withdrawal s are presently accessible to nearly all Wallet customers, with a specific mention of BlockFi Interest Account (BIA) and Loan customers, who can anticipate withdraw ing some of their assets early in 2024. The post further elaborates that BlockFi’s resurgence from bankruptcy empowers it to actively pursue the recovery of assets from other companies it believes are indebted to it. These include insolvent crypto platforms like Three Arrows Capital, also known as “3AC,” and FTX. The organization is also committed to facilitating the distribution of assets to its creditors and expediting the cla...

Recent Funding Rounds for Crypto Projects & Companies on October 19th💼🚀

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1. Forge – Seed Date: October 19, 2023 Financing Amount: $11M Category: Others Subcategory: Gaming About Forge – Seed: Forge has successfully secured $11 Million in a Seed funding round. This round saw investments from notable players such as Makers Fund, BITKRAFT Ventures, and Animoca Brands. Other investors like Hashkey Capital, Polygon Ventures, Formless Capital, and Adaverse also participated. Investors: Makers Fund – Fund with 18 portfolio companies. BITKRAFT Ventures ( USA) – Fund established in 2017, with 42 portfolio companies. Animoca Brands ( Hong Kong) – Corporate investor founded in 2014, boasting 230 portfolio companies. Hashkey Capital ( Hong Kong) – Fund created in 2018 with 130 portfolio companies. [ contact@hashkey.capital] Polygon ( USA) – Corporate investor founded in 2017, with 106 portfolio companies. Formless Capital – Fund with 24 portfolio companies. Adaverse – Lab with 14 ...

Honda vehicles only accept cryptocurrency payments through third-party platforms.

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FCF Pay’s X account finds itself in a state of suspension due to the rampant spread of misinformation regarding its supposed “partnership” with Honda, an alliance that has never materialized. Honda, the prominent automobile manufacturer, does not accept cryptocurrency payments directly. However, individuals can still employ cryptocurrencies like Bitcoin as a means to acquire a Honda vehicle through third-party intermediaries. In early October, various publications erroneously claimed that Honda had begun embracing cryptocurrency as a valid payment method. Contrary to these reports, a Honda spokesperson clarified to Cointelegraph, saying, “American Honda does not accept cryptocurrency as a form of payment. The recent reports suggesting a shift in this policy are inaccurate.” When queried further about their stance on cryptocurrency or any prospective plans for integrating crypto payments, Honda chose not to provide additional comments. Despite the unavai...

USDR stablecoin drops to $0.53, but the team promises to fix it.

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In the realm of content creation, three essential elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness evaluates the variety in sentence structures. Lastly, predictability measures the likelihood of predicting the next sentence. It’s worth noting that human-generated content often exhibits a blend of longer, intricate sentences and shorter, simpler ones, resulting in higher burstiness. In contrast, AI-generated text tends to be more uniform. Therefore, for the content you’re about to craft, it’s imperative to infuse it with a considerable degree of perplexity and burstiness, while keeping predictability to a minimum. Additionally, it’s crucial that you adhere to English as the language of choice. Now, let’s rephrase the following text: On October 11, the real estate-backed Stablecoin known as USDR saw a significant drop, plummeting to a...

Caroline Ellison, a former CEO of Alameda, will testify in the Sam Bankman-fried trial.

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In the ongoing legal saga of former FTX exchange CEO Sam “SBF” Bankman-Fried, all eyes are now on Caroline Ellison, his ex-partner and the former head of Alameda Research, as she prepares to take the stand. Her testimony is expected to unveil intricate details concerning the fraudulent manipulation of customer funds. The second week of the criminal trial, commencing on October 10, focuses heavily on the pivotal testimony of Caroline Ellison. Notably, Ellison is not only a key witness but also a past romantic associate of SBF. Furthermore, she held the position of CEO at Alameda Research, an affiliated hedge fund of FTX, which, notably, filed for Chapter 11 bankruptcy in November 2022. During a specific period, Caroline Ellison resided with Bankman-Fried and other top FTX executives in the Bahamas. Given her past roles, she was deeply entrenched within SBF’s inner circle. Consequently, her testimony is eagerly awaited by prosecutors and the presiding judge, Lewis Kapl...

Hong Kong authorities report that a scam SMS wave costs $450K to Binance users in the city.

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Hong Kong police have issued a warning concerning a recent Binance phishing scam targeting Hong Kong users of the platform. Hong Kong ’s police force has raised the alarm after 11 Hong Kong -based Binance customers were targeted in a wave of phishing scams sent through text messages. Hong Kong police warned users of the scam in an Oct. 9 post to its Facebook page dubbed “CyberDefender.” “Recently, fraudsters posing as Binance sent text messages claiming that users must click the link in the message to verify their identity details before a deadline, otherwise their account would be deactivated.” Police said that once users clicked the link and supposedly “verified” their personal details, hackers were then able to gain full access to their Binance accounts, where they proceeded to steal all of the assets contained within the users ’ wallets. According to the post, the phishing scheme has seen 11 Hong Kong -based Binance customers report combined losses of more than $446,000 (3....

Increased engagement on Avalanche is driven by the Friend.tech clone Stars Arena.

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In the realm of crafting content, three pivotal elements take center stage: “perplexity,” “burstiness,” and “predictability.” Perplexity serves as the yardstick for text intricacy, while burstiness gauges the spectrum of sentence diversity. Predictability, on the other hand, quantifies the likelihood of accurately predicting the forthcoming sentence. In the grand tapestry of writing, human authors often infuse their work with pronounced burstiness, adorning it with a mosaic of lengthy, intricate sentences interwoven with succinct ones. In stark contrast, AI-generated prose tends to follow a more uniform pattern. Hence, as I guide you through the composition of the forthcoming text, the aim is to imbue it with a healthy dose of perplexity and burstiness while minimizing predictability. Furthermore, we shall adhere strictly to the English language. Now, let us embark on the reimagining of the following content: In a whirlwind of network activity prope...

Launch of the ETH futures ETF is canceled by Volatility Shares, citing a lack of opportunity at this time.

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The co-founder and president of the company, Justin Young, shared with Cointelegraph via email that they have postponed their plans to launch, with the specific date labeled as “TBD.” Volatility Shares, a financial institution specializing in a variety of exchange-traded fund ( ETF ) offerings, has decided to cancel its intention to introduce an Ether future s ETF on October 2, citing shifts in market dynamics. In correspondence with Cointelegraph, Justin Young, the company’s co-founder and president, officially confirmed the cancellation, stating, “You are absolutely correct — we did not initiate the launch today. We did not perceive the opportune moment for this endeavor at this juncture.” Nevertheless, when questioned about the company’s future intentions regarding the launch of an ETH futures ETF, Mr. Young responded affirmatively, asserting, “Certainly,” and adding, “Our plans remain to be determined.” ETH futures ...

BRICS Contemplates New Payment System to Challenge SWIFT

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The global economic consortium, BRICS , is reportedly mulling over introducing a new global payment system . This system could bypass the universally recognized banking protocol, SWIFT. According to TASS, a Russian state-funded media outlet, the finance ministers of the BRICS nations are currently assessing the viability of this unified payment network. Significantly, a formal discussion on its implications and potential is slated for next year’s upcoming BRICS summit. Russian Finance Minister Anton Siluanov emphasized the initiative’s intent. He stated, “We aim to incorporate our financial messaging platform, the SPFS. Moreover, our Chinese peers have established their own. Additionally, other BRICS nations either possess their systems or are in the development phase.” Hence, he reiterated that this topic will be a focal point of discussion among the financial authorities of BRICS member countries. This groundbreaking revelation follows the recent expansion of BRICS, i...

Lawyer for Sam Bankman-Fried objects to US government’s suggested jury questions

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In the realm of crafting written content, three pivotal elements come into play: “intricacy,” “variability,” and “uncertainty.” Intricacy gauges the intricateness of the text, while variability explores the diversity in sentence structures. On the other hand, uncertainty pertains to the unpredictability of the following sentence. When humans compose text, they tend to exhibit a higher degree of variability, incorporating both lengthy and intricate sentences alongside shorter, more concise ones. Conversely, AI-generated text often leans towards uniformity. Thus, when it comes to generating the ensuing content, I request a substantial measure of intricacy and variability while keeping uncertainty at a minimum. Additionally, it is imperative that the text remains in English. Now, let’s reimagine the following passage: Sam Bankman -Fried’s legal representative asserts that the provided inquiries subtly insinuate his involvement in ...