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Crypto exchange Binance has created an automated smart contract to reimburse users following the events of the Xirtam rug pull.According to a Sept. 6 announcement, users affected by the Xirtam rug pull can receive their money by connecting their wallets to Etherscan, passing a verification check and calling the claim function
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Web3 infrastructure firm MoonPay branches off to create MoonPay Ventures, which will direct the firm to invest in web3 infrastructure and gaming. MoonPay, a web3 infrastructure firm, has launched an investment division named MoonPay Ventures. This new
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Bitcoin (BTC) has gone silent over the weekend. CryptoQuant CEO Ki Young Ju said in a recent post on X (formerly Twitter) that Bitcoin’s velocity has declined to a 3-year low. He said this could either be considered positive as whales were holding on to their positions or negative because
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Democrats from the United States House of Representatives have formed a working group on artificial intelligence aimed at introducing new legislation around the nascent tech sector. The 97-member New Democrat Coalition announced its AI working group on Aug. 15, stating it would work with President Joe Biden’s administration, stakeholders and
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In response to a shrinking market share and increasing competition, Circle is strengthening its position with a $1 billion cash buffer to counteract challenges posed by dominant non-crypto entities like PayPal. Circle’s USD coin faces market pressure The
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One can even imagine, for example, the U.S. Treasury Department’s Financial Crime Enforcement Network (FinCEN) using blockchain technology to create databases of financial records and dealings, and then applying an AI algorithm to analyze the data to detect cases of fraud or other abnormalities. In this scenario, the two technologies
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Blockchain gaming startup Spielworks has partnered with the Web3 platform Mycelium Network to launch a program that allows full refunds for nonfungible token (NFT) purchases. In an announcement sent to Cryptox, the team explained that within the program, users who acquire NFTs called "Reverties" are eligible to get a full USD
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Space and Time's technology, proof-of-SQL, "allows the data warehouse to generate a SNARK cryptographic proof of SQL query execution, proving that query computation was done accurately and that both the query and the data are verifiably tamperpoof," according to its website. Within Web 3 environments, this is particularly important because
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The company behind the popular artificial intelligence (AI) chatbot ChatGPT says it will be forming a team to rein in and manage the risks of superintelligent AI systems. In a July 5 announcement on its blog, OpenAI said the new team will be created to “steer and control AI systems much smarter
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