Author: Dren.H

2023 saw a significant drop in crypto hacks, aided by improved security, law enforcement, and industry collaboration. 2023 witnessed a remarkable reduction in crypto hacks, as reported by TRM Labs. Despite a steady count of 160 attacks, the year saw a sharp drop in the total value stolen, plummeting to USD 1.7 billion from the previous year’s near USD 4 billion. This reduction, amounting to more than 50%, indicates a significant shift in the landscape of digital currency security. In the realm of cyberattacks on cryptocurrency infrastructures, these incidents constituted nearly 60% of the total thefts. The primary threat in…

Tether collaborates with DOJ and FBI, enhancing compliance and combating illicit use of its cryptocurrency. Recently, Tether has actively engaged with U.S. lawmakers and law enforcement agencies, including the Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI), to reinforce its commitment to legal compliance and the fight against illicit financial activities. This move comes amid heightened scrutiny of digital currencies and their potential misuse. Tether’s Engagement with U.S. Lawmakers and DOJ Recently, Tether, the entity behind the widely-used stablecoin USDT, has been addressing concerns raised by U.S. senators and representatives regarding the potential misuse of its digital…

Solana Labs experiences a sales surge of Saga smartphones, driven by BONK meme coin airdrop, prompting strategic planning. Solana Labs recently witnessed a remarkable increase in the demand for its Solana Saga smartphones. This surge primarily comes from an airdrop of BONK meme coins with the purchase of each phone. These coins currently hold a value surpassing the phone’s cost, fueling consumer interest. Initially, the Solana Saga, a high-end Android smartphone designed for enhanced cryptocurrency integration, entered the market at a steep price of $999. This launch coincided with a cryptocurrency bear market, leading to modest sales primarily among dedicated…

Alibaba Cloud launches I2VGen-XL, an AI text-to-video tool, advancing China’s role in global tech and AI innovation. Recently, Alibaba Cloud has made a significant stride by launching its innovative I2VGen-XL tool. A subsidiary of the global powerhouse Alibaba Group, Alibaba Cloud competes with leading cloud computing firms worldwide. Its newest AI tool, I2VGen-XL, stands out in the text-to-video technology arena, rivaling products from Pika Labs and Stability AI. Breaking Down I2VGen-XL’s Capabilities Alibaba Cloud’s I2VGen-XL model showcases a blend of cascaded diffusion models, a cutting-edge AI technique. This approach guarantees videos that are not just visually striking but also contextually…

In 2024, Ripple’s lawsuit with the SEC could resolve, impacting U.S. crypto regulations and industry innovation, according to Stuart Alderoty. Recently, the company’s Chief Legal Officer, Stuart Alderoty, has offered a forward-looking perspective on the cryptocurrency landscape heading into 2024. His views shed light on the anticipated developments in Ripple’s ongoing legal tussle with the U.S. Securities and Exchange Commission (SEC) and the broader implications for crypto regulation in the United States. Ripple vs. SEC: A Turning Point in 2024? Alderoty anticipates a pivotal year in 2024 concerning Ripple’s lawsuit with the SEC. He suggests the potential for a resolution,…

A recent hack on the NFT Trader platform led to a $3 million loss in stolen digital assets including rare NFTs. In a recent breach of digital security, the peer-to-peer trading platform NFT Trader experienced a major hack on December 16. This incident led to the theft of several high-value nonfungible tokens (NFTs), resulting in nearly $3 million in losses. Hackers successfully targeted outdated smart contracts on the platform, leading to the unauthorized transfer of multiple NFTs, including tokens from popular collections such as Mutant Ape Yacht Club and Bored Ape, along with VeeFriends and World of Women. NFT Trader…

Virginia Tech study reveals geographic bias from ChatGPT in providing local environmental justice information. A newly published study from Virginia Tech highlights a significant geographic bias in the artificial intelligence (AI) tool ChatGPT, especially concerning environmental justice issues. The research emphasizes the tool’s challenges in providing specific information tailored to local environments, with a noticeable disparity between urban and rural areas. Exploring the Disparity in Information Accessibility ChatGPT, a renowned AI chatbot, demonstrates a concerning trend in its ability to deliver detailed, local information on environmental justice. Researchers have observed that densely populated states, such as Delaware and California, experience…

The price decline of Bitcoin reflects overbought conditions and miner sell-offs amid a broader bullish consolidation pattern. Today’s crypto market showcases a decline, with the value of Bitcoin (BTC) experiencing a noticeable drop. On December 11, Bitcoin’s price plummeted nearly 7%, landing around $40,670. This sudden decrease in price can be attributed to a combination of overbought conditions and the actions of Bitcoin miners. Overbought conditions have been evident for some time. The daily relative strength index (RSI) of Bitcoin, a critical measure of market momentum, has consistently stayed above 70 since December 5. This indicates that Bitcoin has been…

Bitcoin’s recent dip hints at potential altcoin surge following a two-month bullish trend and market correction. Bitcoin’s recent price trajectory has been a focal point. Beginning in October, Bitcoin (BTC) experienced a remarkable surge, escalating its value by approximately $10,000 within a month. This robust momentum, however, faced a sudden setback on December 11th. According to TradingView data, a 7% dip in Bitcoin’s price led to a four-month low, setting the value as low as $40,670. This downturn not only erased the gains of the preceding week but also influenced the broader crypto market, particularly altcoins, which saw substantial double-digit…

Google’s Gemini AI demo faced criticism for editing content to exaggerate its capabilities, despite its advanced technology. Google’s recent release of the Gemini tech demo on December 7th sparked initial acclaim, but quickly shifted to controversy over its authenticity. The demo, which showcased the capabilities of Google’s new artificial intelligence model Gemini, has been under scrutiny for misrepresenting its real-time interaction capabilities. The Buzz and the Backlash Upon its release, the Gemini demo attracted significant attention, amassing 2.1 million views on YouTube. It featured an AI interacting seamlessly with a human operator, analyzing a duck drawing, responding to hand gestures,…