The cryptocurrency exchange CoinEx has fallen victim to a massive hack, resulting in the loss of an estimated $53 million worth of Ethereum (ETH), TRON (TRX), and Polygon (MATIC). This cyber heist has left the exchange and its users reeling
In a landmark ruling, U.S. Bankruptcy Judge John Dorsey has given crypto exchange FTX the go-ahead to liquidate up to $3.4 billion in cryptocurrency assets. The decision sets a legal precedent and serves as a lifeline for FTX to repay
PayPal’s cryptocurrency partner Paxos overpaid $510,750 for a transaction on the Bitcoin network. The so-called “fat finger” mistake, implying human error, is now thought to be a bug. The smoke clears A crypto payment blunder originally attributed to PayPal was
Apple has launched the iPhone 15, one of the most anticipated smartphone series of the year. Along with many changes and updates in the new series, the tech giant added extra color to the new animations, and the ‘like’ button
Payments processor PayPal is further integrating cryptocurrency into its services. The payments giant has now launched crypto-to-USD conversions (aka off-ramps) for customers in the U.S. According to a blog on the PayPal website, the off-ramp service will increase access to
The crypto community is wallowing in the misery of a protracted bear market so bad that some are calling it the ‘worst’ in history. Bitcoin peaked at $69,044.77 on Nov. 10, 2021, and remains 60% down from its all-time high,
The U.S. Commodity Futures Trading Commission (CFTC) has unleashed a series of penalties against prominent decentralized finance (DeFi) platforms, including Opyn, 0x, and Deridex, citing breaches of federal digital asset derivatives trading laws. These actions have ignited a heated debate
As generative AI continues to gain popularity, the technology’s water consumption is also skyrocketing. The technology, whose intake of energy is high, also consumes large volumes of water to cool off the generative AI servers. This is despite the fact
Meta Platforms is reportedly working on a new and more powerful large language model (LLM) that will exert competition in the generative AI industry. According to reports, the new model is expected to be more powerful than ChatGPT-4 from OpenAI.
Prince Faisal Bin Bandar Bin Sultan is setting sights on eSports in Saudi Arabia, targeting growth in an industry worth 50 billion riyals ($13 billion) to his nation’s economy. The Saudi royal also revealed that the country wants to attract
Riot Platforms Inc., a Bitcoin mining company in Texas, has found a surprising source of revenue in the state’s recurring energy crises. During the August heatwave, Riot made $31.7 million from power credits, courtesy of the Electric Reliability Council of
Investors and crypto enthusiasts on the X platform (formerly Twitter) have been abuzz with questions and speculation after Genesis Global Trading announced it will be winding down its U.S.-based spot trading crypto services by Sept. 18. The move has left
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