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Further, Binance appears to be overcollateralized for many of the largest assets on its books, like bitcoin (BTC), ether (ETH), tether (USDT) and others, meaning Binance’s net balances are more than it owes customers. In other words, if every Binance customer withdrew every bitcoin they owned, the exchange would have
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Binance founder and former CEO Changpeng "CZ" Zhao has been released from custody on a $175 million personal recognizance bond. Source
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Decentralized finance (DeFi) protocol dYdX founder Antonio Juliano took to X (formerly Twitter) to share some of the findings of the investigation into the loss of $9 million in insurance funds, in what many suspected was an exit scam that took place on Nov. 17.Juliano noted that the actual dYdX
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Additionally, Blur founder Tieshun Roquerre raised $40 million to contribute to the Blur ecosystem. Tieshun Roquerre, the founder of NFT marketplace Blur (also known as “Pacman”), is launching a new layer-2 network where users can reduce transaction costs for digital collectibles. In a thread posted to X on Nov. 21, Roquerre
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The OpenAI board has been at loggerheads with Altman, thus putting the ChatGPT project in limbo as other competitive AIs like Grok from the X platform gain momentum. The initial team that founded OpenAI Inc, an American artificial intelligence (AI) research organization, has slowly been moving away and starting new competitive
Read MoreOpenAI recently announced a shocking leadership change with Sam Altman being ousted as CEO. After five years of being at the helm
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Decentralized exchange (DEX) dYdX was forced to use its insurance fund to cover $9 million in user liquidations on Nov. 17. According to dYdX founder Antonio Juliano, the losses resulted from a "targeted attack" against the exchange. Based on reports from the dYdX team on X (formerly Twitter), the v3 insurance
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Artificial intelligence (AI) and machine learning (ML) are demanding huge amounts of computing resources as interest in the space grows, but conventional Bitcoin (BTC) miners are not jumping on the bandwagon just yet.Speaking to Cryptox journalist Joe Hall at Web Summit 2023 in Lisbon, Portugal, Heatbit founder Alex Busarov believes
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For many crypto firms that are currently exploring layer-2, they have found that it opens up potential new revenue streams. Charles Hoskinson, the founder of Cardano blockchain may be eyeing a potential partnership with top US crypto exchange Kraken. This follows after Kraken announced that it plans to improve its technological
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"It's no secret that I have a wallet with 250,000 Ethereum units," Lõhmus said in an interview with Estonian national radio channel Vikerraadio in late October. Source
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