AI
Artificial Intelligence (AI), a branch of computer science, is concerned with developing computers capable of doing tasks that would typically need human intelligence. Such tasks include learning from and adjusting to new facts or situations, reading human language, discovering patterns, problem-solving, and decision-making.
Crypto Lending Firm Delio Faces Regulatory Sanctions for Compliance Failures in South Korea
South Korean crypto asset management firm Delio has been fined KRW 1.896 billion and suspended for three months by the Financial Services Commission's Financial Intelligence Unit due to non-compliance with financial transaction laws.
Offchain Labs's Arbitrum Stylus Goes Live
Offchain Labs has released the public testnet and code for Arbitrum Stylus, an open-source framework for smart contracts on Arbitrum Nitro chains. The SDK offers 10x improvement in computational speed and 100x improvement in memory efficiency, reducing gas costs and improving smart contract security.
Astar, Kabocha Lead in Polkadot and Kusama Auctions
Bill Laboon at Web3 Foundation highlights ongoing parachain lease auctions for Polkadot and Kusama networks, highlighting Astar's strong position and Kabocha's maintaining lead. He also discusses educational opportunities and grant programs.
Breaking: Swift, Chainlink, and Major Banks Achieve Multi-Blockchain Token Transfer
Swift, a global financial messaging service, has conducted experiments to facilitate the transfer of tokenized assets across multiple blockchains. The collaboration with major banks, including ANZ, BNP Paribas, and BNY Mellon, aims to solve interoperability challenges that hinder the growth of tokenized asset markets. Swift's existing infrastructure could serve as a single point of entry for financial institutions, reducing operational challenges and costs.
Binance to Delist BETH Trading Pairs, Shifts Focus to WBETH: What You Need to Know
Binance is delisting BETH trading pairs and adding WBETH to Simple Earn Flexible Products and Loans to improve staking services and user utility. Users are advised to update trading bots, modify Auto-Invest plans, and consider WBETH as collateral.
Circle Introduces Native USDC on OP Mainnet: What It Means for the Ecosystem
Circle launches native USDC on OP Mainnet, replacing Ethereum bridged liquidity. Collaborating with Optimism, it will be available on Coinbase's Base, Solana, Ethereum, and Mercado Pago.
Binance Completes BNB Smart Chain Upgrade and Hard Fork: What You Need to Know
Binance has completed a critical upgrade and hard fork for its BNB Smart Chain, allowing deposits and withdrawals to resume. The upgrade temporarily suspended transactions, signaling a return to normalcy for the platform.
CoinDesk Under Fire for Retracting Articles on Justin Sun and Chainalysis
CoinDesk, a prominent cryptocurrency news source, has been accused of retracting articles criticizing industry players, raising concerns about its commitment to balanced reporting and editorial integrity, highlighting the need for objective reporting.
Binance to Delist Multiple Trading Pairs Including ANKR, IOTA, LRC, Effective September 1, 2023
Binance has announced the discontinuation of several spot trading pairs, including ANKR/BNB, CVC/BUSD, EPX/BUSD, HIVE/BUSD, IOTA/BNB, KLAY/BUSD, LRC/BNB, MBL/BUSD, MTL/ETH, and UMA/BUSD, on September 1, 2023. The removal could impact liquidity and trading strategies, particularly for automated trading systems.
Native USDC Integration on Base Blockchain
Circle plans to launch native USDC on Base blockchain, replacing bridged USDbC liquidity. The token will be fully reserved and redeemable for US dollars, enhancing scalability, transaction speeds, and reduced gas fees.