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The ENS company announced the launch of a second-layer blockchain network "Namechain" using zero-knowledge technology to reduce costs and improve scalability, with the launch scheduled for the end of 2025 🚀
ENS company is developing a second-layer blockchain network "Namechain" that will use zero-knowledge technology for scaling and is scheduled to launch at the end of 2025. The network will allow transactions to be conducted off the main Ethereum network, reducing costs while maintaining its security. Namechain will use Ethereum Virtual Machine-compatible infrastructure. The ENS upgrade, including the transition to the second-layer (ENSv2), will ensure compatibility with the current version and reduce user fees.
DeltaPrime loses $4.75 million in second hacker attack since September, vulnerability in contract on Arbitrum and Avalanche leads to theft of funds 💸
DeltaPrime, a decentralized crypto protocol supported by Avalanche and GSR Markets, lost $4.75 million in tokens when several pools on Arbitrum were drained, blockchain analysts warn.On November 11, it was reported that the platform was hacked due to a vulnerability in the peripheral adapter contract. CertiK analysts noted that the stolen funds are located at address 0x56…634c. DeltaPrime confirmed the incident, stating that hackers exploited vulnerable pools on Avalanche and Arbitrum to steal $4.75 million.This is the second attack on the platform: in September, hackers stole $6 million by exploiting weak private key security.
FTX filed a lawsuit against Binance and Changpeng Zhao, demanding $1.8 billion for fraud involving $1.75 billion in FTT, BNB, and BUSD tokens in 2021 🚨
FTX filed a lawsuit against Binance and its former CEO Changpeng Zhao, demanding $1.8 billion for alleged fraud in July 2021. According to the lawsuit, Binance and its executives received $1.75 billion from Sam Bankman-Fried in the form of FTT, BNB, and BUSD tokens through a fake FTX share buyback agreement. This is part of FTX's efforts to recover lost funds in its bankruptcy proceedings.
WalletConnect Foundation and Reown have introduced WalletGuide and WalletConnect Certified: 19 cryptocurrency wallets received certification, including Binance Web3 Wallet, MetaMask, and others🔐
WalletConnect Foundation and Reown have introduced WalletGuide – a resource for navigating cryptocurrency wallets, as well as WalletConnect Certified – UX standards to improve the design and interfaces of blockchain wallets. 19 wallets, including Binance Web3, MetaMask, and others, have received certification.Pedro Gomes, director of WalletConnect Foundation, explained that the UX standards were developed based on user feedback, focusing on minimizing clicks, reducing transaction friction, and ensuring compatibility. The CAIP-25 standard played a key role in this process.
Tim Cook revealed that he has held Bitcoin for three years, but emphasized that his interest in cryptocurrency is personal, and Apple does not plan to integrate Bitcoin or other cryptocurrencies into its business in the near future 💼
The hacker with a rubber mask failed to take over a Kraken client's account after an unsuccessful video verification with incorrect answers to questions about cryptocurrency assets 🕵️♂️
Near Protocol has announced the creation of an artificial intelligence model with 1.4 trillion parameters, surpassing Meta's Llama, with crowdsourcing and monetization through token sales, costing $160 million 💰🧠
FTX sues SkyBridge Capital, demanding the return of $67 million invested in 2022 after the crypto market decline 💼
AI will bring $164 billion to the banking sector by the end of 2024 💰: North America and Asia lead with $50 billion and $49 billion in profit, expected growth of $20 billion 📈
Spirit Blockchain Capital Inc. acquires Dogecoin Portfolio Holdings Corp. to drive Dogecoin (DOGE) growth and support its decentralized future 🚀
Bolt deactivated more than 5,000 drivers in 2023 as part of database clean-up – evaluation system stays despite drivers' union protests 💬
Norway supports the EU MiCA regulation and is considering the implementation of a Central Bank Digital Currency (CBDC) to enhance financial stability and improve cross-border payments 💶
Saudi Arabia invests $100 billion in the artificial intelligence project "Project Transcendence" to create AI infrastructure and attract talent 🌐
Saudi Arabia plans to invest $100 billion in the artificial intelligence project "Project Transcendence," which will become part of the Vision 2030 program. The project will involve building AI infrastructure, attracting talent, and supporting startups. Project Transcendence competes with the UAE in AI and includes the creation of a national AI agency. The Saudi PIF fund is investing in the project and collaborating with Google, which will contribute between $5 and $10 billion to develop an Arabic large language model. Saudi Arabia aims to rank among the top 15 countries in AI adoption by 2029.
Hong Kong launches testing of anonymous KYC system for Chinese residents, enabling stablecoin use and tokenized financial products 💸
As part of the trials, the Chinese platform RealDID is used for anonymous user verification. This solution, based on zero-knowledge (ZK) technology, will allow Chinese visitors to Hong Kong to register in stablecoin applications and purchase tokenized products, such as HKDA, without disclosing personal information.The project aligns with future digital currency regulations in Hong Kong and will provide Chinese users with access to financial services without traditional documentation.
Lilian Wen, Vice President of Research and Safety, announced her departure from OpenAI after 7 years of service: another outflow of key AI security specialists 👩💻
Lilian Wen, Vice President of Research and Safety at OpenAI, announced her departure from the company after seven years of service. Her last working day is November 15. Wen expressed pride in the achievements of the safety team and confidence in its future.This is another departure of a key AI security specialist from OpenAI. Previously, Ilya Sutskever and Jan Leike, leaders of the Superalignment team, left the company.
Polkadot Blockchain Academy launches PBA-X course for Web3 education: 4 weeks, starting January 6, available with no technical skills required, covering cryptography, economics, and Polkadot SDK ⚙️
Polkadot Blockchain Academy has announced the launch of the PBA-X initiative aimed at accelerating Web3 education and preparing the new generation of blockchain professionals. This 4-week online course, requiring no prior technical skills, will be available to anyone, regardless of location or experience. The first cohort will begin on January 6.The course covers key blockchain topics, including cryptography, economics, governance, Polkadot SDK, and blockchain basics. Classes will include both pre-recorded lectures and live webinars. Participants' knowledge will be assessed through online tests. Upon completing the course, students will gain the necessary skills to start in the Web3 industry and can continue their education with the more advanced PBA Campus course for developers.
Best news of the last 10 days
Roman Sterligov has been sentenced to 12.5 years in prison for organizing the Bitcoin Fog money laundering service, through which over 1.2 million bitcoins, worth 400 million dollars, passed 💰
Tether helped recover stolen cryptocurrency worth 10,000 Canadian dollars (CAD) through cooperation with the Ontario Provincial Police (OPP) 💰🚔
Tether announced the financing of a $45 million deal in physical oil between a major oil company and a commodity trader, completed in October 2024, including the transportation of 670,000 barrels of oil from the Middle East 🚢
Chinese official Wang sentenced to life imprisonment for espionage after selling state secrets to foreign agents for over 1 million yuan in cryptocurrency to cover losses from failed investments in crypto 💰
Binance Labs invested in BIO Protocol: a first step in decentralized science aimed at accelerating the treatment of rare diseases and long COVID 💰🔬
Binance Labs invested in BIO Protocol, a protocol that transforms the funding and commercialization of scientific research using blockchain. This is Binance Labs' first investment in decentralized science (DeSci).BIO Protocol connects scientists, patients, and investors to co-fund and develop new drugs through Bio-Decentralized Autonomous Organizations (BioDAOs). There are already seven BioDAOs in the BIO network working in various fields, including rare diseases and mental health.The new funding will help expand the BioDAO ecosystem, including support for new projects and service providers. “BIO Protocol is a significant step in DeSci that will help free minds from bureaucracy and focus on solving global problems,” noted Paul Kolias, founder of BIO Protocol.
The Federal Court in Abuja found Egomsinachi Road Autos Limited and Chimera Log & Haulage Services Limited guilty of illegal conversion of USDT to naira without a license 💰 and confiscated 50 million naira 💵, as well as imposed a fine of 1 million naira ⚖️
The Federal Court in Abuja found two Nigerian crypto companies, Egomsinachi Road Autos Limited and Chimera Log & Haulage Services Limited, guilty of illegal conversion of USDT to naira without a banking license. Judge Joyce AbdulMalik issued the ruling following an agreement with the Economic and Financial Crimes Commission (EFCC) and ordered the confiscation of 50 million naira held in the companies' accounts.The companies were accused of failing to report their operations to the Special Control Unit Against Money Laundering (SCUML) of the EFCC. The director of the companies, Chukwubuka Felix Ogumba, admitted guilt. The court imposed a fine of 500,000 naira and required the director to provide an affidavit of good behavior.
The federal court in New York dismissed a copyright infringement lawsuit against OpenAI over the use of news articles to train ChatGPT, allowing it to be refiled with additional evidence 📄⚖️
The federal court in New York dismissed a copyright infringement lawsuit against OpenAI related to the use of news articles to train ChatGPT. Judge Colleen McMahon noted that the plaintiffs, Raw Story and AlterNet, did not provide sufficient evidence of damage but allowed the claim to be refiled with new evidence.The plaintiffs' attorneys are confident they can address the deficiencies in an amended lawsuit. Previously, they claimed that thousands of articles were illegally used to train the chatbot. Additionally, in December 2023, The New York Times filed a lawsuit against OpenAI for using "millions" of its articles.
TRON DAO officially launched TRON-Peg USD Coin on the TRON blockchain to simplify cross-border transfers and expand the stablecoin ecosystem 💱
TRON DAO has launched TRON-Peg USD Coin on the TRON blockchain to simplify cross-border transactions and expand the stablecoin ecosystem. The new token allows for convenient transfers of USDC between Ethereum and TRON networks.TRON-Peg USD Coin provides free cross-chain transactions and full transparency of reserves, guaranteeing a 1:1 exchange with USDC on Ethereum. A security audit from ChainSecurity confirms the stability and reliability of the system.