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AWS Outage Disrupts Binance and KuCoin Withdrawals In a significant disruption, crypto exchanges Binance and KuCoin temporarily halted withdrawals as Amazon Web Services (AWS) faced network issues affecting their operations. Users have reported difficulties not only with withdrawals but also in placing trades during the outage that impacted thousands of customers. Background and Context The…
Decentralized Exchange KiloEx Loses $7 Million to Attack KiloEx, a popular decentralized exchange, suffered a massive attack on Tuesday, resulting in losses exceeding $7 million due to security vulnerabilities in its price oracle system. The sophisticated exploit, identified by blockchain analysis firms, highlights ongoing risks within decentralized finance ecosystems. Background and Context The recent attack…
Monitoring Japan’s Bond Yields: A Potential Shift for Bitcoin As Japanese bond yields hit a two-decade high, the impact of Japanese bond yields on Bitcoin markets is stirring investor concerns. With the 30-year yield at 2.88% and rising volatility, Bitcoin’s resilience may soon face new challenges. Understanding the Impact of Japanese Bond Yields on Bitcoin…
How Ethereum Can Revolutionize AI Transparency In a world where artificial intelligence is increasingly shaping our lives, Ethereum emerges as a transformative force, leveraging its transparent smart contracts to tackle the pervasive ‘black box’ dilemma in AI systems. Eric Connor, a former Ethereum developer, highlights the potential for Ethereum to offer decentralized solutions that counteract…
The Sudden Slump and Recovery of Crypto Tokens In a shocking trading event, Story Protocol’s IP tokens experienced a dramatic 20% slump, plummeting from nearly $4 to $3.27, only to rebound back above $4 within hours. This unusual volatility, occurring amidst a stable broader crypto market, raised eyebrows and speculation about potential insider trading activities….
Northern Mariana Islands Governor Vetoes Stablecoin Bill Northern Mariana Islands Governor Arnold Palacios has vetoed a pivotal bill aimed at allowing the territory’s local government to launch a US dollar-pegged stablecoin, citing legal issues and concerns over potential unconstitutional elements. Background and Context The recent veto by Northern Mariana Islands Governor Arnold Palacios of the…
Meta’s AI Training Receives EU Green Light Amid Controversy Meta has secured approval from the European Union’s data regulator to leverage publicly shared user content for training its AI models, while strict guidelines ensure private communications remain untouched. This move aims to enrich AI understanding of European cultures, as the tech giant integrates diverse nuances…
US Explores 5 Funding Options for Bitcoin Reserve The US government is actively seeking innovative funding strategies for the Strategic Bitcoin Reserve, led by White House crypto council executive director Bo Hines. These options aim to enhance Bitcoin holdings without relying on taxpayer dollars, potentially transforming the nation’s approach to digital assets. Background and Context…
Impact of US Recession Fears on Cryptocurrency Market As recession fears escalate, the cryptocurrency market faces unexpected turbulence, with Dogecoin dropping 3% while Bitcoin and Ether hold steady. Betting markets now suggest a 40% to 60% chance of a US recession by 2025, raising vital questions about crypto’s future resilience. Background and Context The impact…
How to Protect Crypto Assets from Zoom Scams Emblem Vault CEO Jake Gallen has issued a stark warning after losing over $100,000 in digital assets due to a Zoom scam orchestrated by a malicious actor known as “ELUSIVE COMET.” As cyber threats increase, understanding how to safeguard your crypto assets against these video meeting vulnerabilities…
