Day: 22 May 2023

A recent case of fraud in northern China has raised concerns about the potential misuse of advanced "deepfake" technology for financial crimes. The incident involved the use of AI-generated voice and facial data to deceive a man into transferring 4.3 million yuan ($622,000) to a fictitious acquaintance. According to a ...

The Securities Commission Malaysia (SCM) has ordered Huobi Global to cease its operations in Malaysia. As part of the enforcement action, Huobi has been directed to remove its website and mobile apps from the Apple Store and Google Play and halt its communication with Malaysian users via email and social ...

Ethereum co-founder Vitalik Buterin has raised concerns about the potential overload of Ethereum's social consensus in a recent blog post titled "Don't Overload Ethereum's Consensus." Published on May 21, 2023, Buterin discussed the significance of this issue and outlined remedies and techniques to address it. Buterin stressed the critical nature ...

Zonda, a popular cryptocurrency exchange in Eastern and Central Europe, has announced its rebranding as Zondacrypto to highlight its strategic shift towards becoming the premier digital asset exchange in the European Union. According to the company, the decision to rebrand as Zondacrypto was driven by the evolving landscape of digital ...

ConsenSys, the developer of the popular web3 wallet MetaMask, has addressed rumors circulating on social media about the platform demanding taxes from cryptocurrency investors. The company strongly refuted these allegations, stating that they are false information and clarified that there have been no recent changes to MetaMask's terms of service ...

Bitget has launched three new blockchain courses on Bitget Academy as part of activities to commemorate Bitcoin Pizza Day. The courses, namely Introduction to Blockchain, Inside a Blockchain Future, and Blockchain Applied, are also part of Bitget's broader initiative called Blockchain4Youth. This project aims to promote youth involvement in blockchain ...

Gemini Crypto Exchange is considering offering forbearance to Digital Currency Group (DCG) after DCG missed a repayment of $630 million. The ‘forbearance’ agreement would provide DCG with temporary relief by reducing or pausing their mortgage payments so they can repay them later. According to Gemini, the decision to grant forbearance ...

Hotbit has announced that it will cease operations on May 22, 2023. The cryptocurrency exchange urged users to withdraw their funds on or before June 21, 2023, 4:00 UTC.  Hotbit cited worsening operating conditions as the reason for its closure. The exchange's woes started when law enforcement authorities began investigating ...