A series of attacks drained the wallets of BTC users by exploiting a faulty random seed generation algorithm.
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Newly discovered Bitcoin wallet loophole let hackers steal $900K — SlowMist
A series of attacks drained the wallets of BTC users by exploiting a faulty random seed generation algorithm.
Binance invests $5M in Curve token as hacker partially returns funds
Binance Labs, the venture arm of cryptocurrency exchange Binance, has invested $5 million in Curve (CRV), the namesake token of the decentralized stablecoin trading platform.
“Curve is the largest stableswap and second-largest DEX [decentralized exchange], with approximately $2.4B in total value locked and $215M in daily volume at the time of writing," Binance Labs said in the Aug. 10 announcement. Yi He, Binance’s co-founder and head of Binance Labs, said the firm is pledging its full support to the DEX “given recent events that have impacted the protocol."
The firm says in exchange for the investment, Curve will deploy to BNB Smart Chain. The protocol currently operates on multiple chains, having been originally based on Ethereum, and serves as one of decentralized finance's (DeFi's) biggest market makers with several hundred pools in use.
On July 30, Curve was drained of $73.5 million from its stable pools due to a reentrancy vulnerability in its underlying programming language, Vyper. On Aug. 4, the hacker behind the exploit wrote via Ethereum: “I’m refunding you not because you can find me, it’s because I don’t want to ruin your project. I’m smarter than all of you, fuck!!”
Soon after the message, 73%, or around $52.3 million, of the stolen assets were returned to Curve by the hacker. Since the full amount was not returned, Curve subsequently issued a $1.85 million bounty for information pertaining to the whereabouts and identity of the hacker. The return of funds, although partial, prevented the liquidation of $100 million in loans on various DeFi protocols originating from Curve founder Michael Egorov, of which CRV was used as the underlying collateral.
Circle preps $1B war chest to deal with market threats from PayPal and others
Stablecoin issuer Circle has a $1 billion cash reserve pegged as insurance against a declining market capitalization and fresh competition from the traditional finance and technology industries, said CEO Jeremy Allaire.
In an interview with Bloomberg, Allaire revealed the war chest and shared his views on the uptick in competition from organizations such as PayPal that are new to the stablecoin space:
“I expect you will see many many, not just internet payments firms, but also all kinds of financial services companies and others begin to get more involved in this. It’s great to have this new competition. I do think it’s going to drive more and more companies into the field.”
Related: PayPal launches PYUSD stablecoin for payment
Circle is best known for its USDC (USDC) stablecoin, a digital token similar in design to regular cryptocurrency but backed entirely by fiat — in this case, the United States dollar.
Chinese police to crackdown on crypto and deepfake AI
The move comes as several prominent Chinese blockchain executives have been arrested this year.
Alex Mashinsky faces electronic monitoring while on bail, judge signs off on protective order
Prosecutors and defense lawyers agreed to a bail modification having the former Celsius CEO under electronic monitoring and largely be restricted from moving funds over $10,000.
Stablecoins could be key to upholding US dollar's global reserve status: Report
In an opinion piece in The Wall Street Journal, Brian Brooks and Charles Calomiris claim that U.S. stablecoin legislation is crucial to re-dollarizing the world.
US and China AI-tech standoff shows signs of spreading to other countries
The ongoing spat between the United States and China over emerging tech like AI continues as U.S. President Joe Biden restricts investments.
FTX debtors and UCC clash over asset control in restructuring
FTX strongly criticized the UCC's pursuit of asset control, as it recommended that debtors allocate nearly $2.6 billion from cash reserves into short-term Treasuries.
AI Eye: Apple developing pocket AI, deep fake music deal, hypnotizing GPT-4
Apple developing AI to run locally on your phone, researchers ‘hypnotize’ GPT-4 to turn it evil, and Google negotiates a deep fake music deal.
AI Eye: Apple developing pocket AI, deep fake music deal, hypnotizing GPT-4
Apple wants to put an AI in your pocket
Apple has been playing its cards close to its chest when it comes to AI. While rival Microsoft has jumped on the ChatGPT bandwagon and is integrating AI into everything despite the bugs and hallucinations, the acronym didn’t even get a mention at Apple’s Worldwide Developers Conference in June.
Reports emerged in July, however, that Apple was working on its own generative AI tool, dubbed internally “Apple GPT,” which uses a large language model (LLM) framework called Ajax. On this week’s quarterly earnings call, CEO Tim Cook said Apple was enthusiastic about the technology and has incorporated AI into forthcoming iOS17 features like Personal Voice (voice cloning and text-to-speech) and Live Voicemail (live transcription). He added:
“We’ve been doing research across a wide range of AI technologies, including generative AI, for years. We’re going to continue investing and innovating and responsibly advancing our products with these technologies, with the goal of enriching people’s lives. That’s what it’s all about for us. As you know, we tend to announce things as they come to market, that’s our M.O., and I’d like to stick to that.”
Of course, what everyday users want to know is whether Siri will be getting an AI upgrade. And they certainly appear to be working on it, with the Financial Times reporting that Apple is hiring dozens of researchers and engineers to work on “compressing existing language models so they can run efficiently on mobile devices, rather than in the cloud.” The ads indicated the company is fully focused on bringing LLM technology to mobiles.
Also read: Experts want to give AI human ‘souls’ so they don’t kill us all
AI Eye: Apple developing pocket AI, deep fake music deal, hypnotizing GPT-4
Apple wants to put an AI in your pocket
Apple has been playing its cards close to its chest when it comes to AI. While rival Microsoft has jumped on the ChatGPT bandwagon and is integrating AI into everything despite the bugs and hallucinations, the acronym didn’t even get a mention at Apple’s Worldwide Developers Conference in June.
Reports emerged in July, however, that Apple was working on its own generative AI tool, dubbed internally “Apple GPT,” which uses a large language model (LLM) framework called Ajax. On this week’s quarterly earnings call, CEO Tim Cook said Apple was enthusiastic about the technology and has incorporated AI into forthcoming iOS17 features like Personal Voice (voice cloning and text-to-speech) and Live Voicemail (live transcription). He added:
“We’ve been doing research across a wide range of AI technologies, including generative AI, for years. We’re going to continue investing and innovating and responsibly advancing our products with these technologies, with the goal of enriching people’s lives. That’s what it’s all about for us. As you know, we tend to announce things as they come to market, that’s our M.O., and I’d like to stick to that.”
Of course, what everyday users want to know is whether Siri will be getting an AI upgrade. And they certainly appear to be working on it, with the Financial Times reporting that Apple is hiring dozens of researchers and engineers to work on “compressing existing language models so they can run efficiently on mobile devices, rather than in the cloud.” The ads indicated the company is fully focused on bringing LLM technology to mobiles.
Also read: Experts want to give AI human ‘souls’ so they don’t kill us all
AI Eye: Apple developing pocket AI, deep fake music deal, hypnotizing GPT-4
Apple developing AI to run locally on your phone, researchers ‘hypnotize’ GPT-4 to turn it evil, and Google negotiates a deep fake music deal.
AI Eye: Apple developing pocket AI, deep fake music deal, hypnotizing GPT-4
Apple developing AI to run locally on your phone, researchers ‘hypnotize’ GPT-4 to turn it evil, and Google negotiates a deep fake music deal.
AI Eye: Apple developing pocket AI, deep fake music deal, hypnotizing GPT-4
Apple developing AI to run locally on your phone, researchers ‘hypnotize’ GPT-4 to turn it evil, and Google negotiates a deep fake music deal.
AI Eye: Apple developing pocket AI, deep fake music deal, hypnotizing GPT-4
Apple wants to put an AI in your pocket
Apple has been playing its cards close to its chest when it comes to AI. While rival Microsoft has jumped on the ChatGPT bandwagon and is integrating AI into everything despite the bugs and hallucinations, the acronym didn’t even get a mention at Apple’s Worldwide Developers Conference in June.
Reports emerged in July, however, that Apple was working on its own generative AI tool, dubbed internally “Apple GPT,” which uses a large language model (LLM) framework called Ajax. On this week’s quarterly earnings call, CEO Tim Cook said Apple was enthusiastic about the technology and has incorporated AI into forthcoming iOS17 features like Personal Voice (voice cloning and text-to-speech) and Live Voicemail (live transcription). He added:
“We’ve been doing research across a wide range of AI technologies, including generative AI, for years. We’re going to continue investing and innovating and responsibly advancing our products with these technologies, with the goal of enriching people’s lives. That’s what it’s all about for us. As you know, we tend to announce things as they come to market, that’s our M.O., and I’d like to stick to that.”
Of course, what everyday users want to know is whether Siri will be getting an AI upgrade. And they certainly appear to be working on it, with the Financial Times reporting that Apple is hiring dozens of researchers and engineers to work on “compressing existing language models so they can run efficiently on mobile devices, rather than in the cloud.” The ads indicated the company is fully focused on bringing LLM technology to mobiles.
Also read: Experts want to give AI human ‘souls’ so they don’t kill us all
Hashing It Out podcast: What does the future hold for BNB Chain?
Arno Bauer, the senior solution architect at BNB Chain, denies the “Ethereum killer” tag in a discussion highlighting new BNB Chain updates.
US bank reveals $170M in crypto holdings: Q2 earnings report
Sofi started offering crypto services even before it became a bank and its banking license might change the way it hodl crypto.
US bank reveals $170M in crypto holdings: Q2 earnings report
Sofi started offering crypto services even before it became a bank and its banking license might change the way it hodl crypto.
India plans to use crypto tokens in upcoming native web browser
Feature is envisaged in the project of national web browser, cherished by the Ministry of Electronics & Information Technology.