Fracture Labs, creator of the Web3 game Decimated, has filed suit against market maker Jump Crypto for allegedly orchestrating a pump-and-dump scheme using its in-game currency, DIO. In a complaint filed on Oct. 15 in the United States District Court for the Northern District of Illinois, Eastern Division, Fracture Labs alleges that Jump Crypto conspired […]
Security News
ETH held in accumulation wallets jumps 65% since the start of 2024
Just over $50 billion worth of Ether is currently locked in accumulation wallets — nearly 65% more than the beginning of 2024, according to a crypto analyst. “By October 18, 2024, the total amount of Ethereum in accumulation addresses surpassed 19 million,” CryptoQuant contributor Burakkesmeci wrote in an Oct. 20 analyst note. 11.5M ETH increase in […]
ECB paper claims older Bitcoin holders are exploiting new holders
A recent paper published by the European Central Bank on Oct. 12, 2024, claimed that older Bitcoin BTC$68,362 holders profit at the expense of newer holders and argued that the scarce decentralized currency should be regulated to prevent its price from rising or outright banned. The authors claimed that those who acquired BTC at an earlier date, […]
Crypto market sentiment not as bullish as ‘echo chamber’ suggests, trader says
Bitcoin’s BTC$68,373 price nearing $70,000 has sparked a shift in market sentiment, with a surge in bullish posts among traders. However, one trader warns that the market isn’t quite there yet and still has a way to go before it can truly be called bullish. “I don’t think the sentiment is that bullish currently,” independent crypto analyst […]
Crypto events turn to regulation and politics as US election looms
With less than a month until the people of the United States decide who will represent them in the House of Representatives, Senate, and the Presidency, some crypto events seem to be focused on regulation and politics. Attending the Permissionless III conference in Salt Lake City, Utah, and Ripple Swell in Miami, Florida, in October, […]
Anthropic says AI could one day ‘sabotage’ humanity but it’s fine for now
Artificial intelligence firm Anthropic recently published new research identifying a set of potential “sabotage” threats to humanity posed by advanced AI models. According to the company, the research focused on four specific ways a malicious AI model could trick a human into making a dangerous or harmful decision. Source: Anthropic Ultimately, the new research turned out […]
US Treasury used AI to recover $4 billion in fraud over past year
The United States Department of Treasury said it used artificial intelligence to sift through data and recover $4 billion in “fraud and improper payments” in the 2024 fiscal year. The Treasury said on Oct. 17, that its uptake of AI saw it recover nearly four times as much compared to the previous fiscal year, where it recovered […]
Researchers hack AI-enabled robots to cause ‘real world’ harm
Researchers have hacked artificial intelligence-powered robots and manipulated them into performing actions usually blocked by safety and ethical protocols, such as causing collisions or detonating a bomb. Penn Engineering researchers published their findings in an Oct. 17 paper, detailing how their algorithm, RoboPAIR, achieved a 100% jailbreak rate by bypassing the safety protocols on three different AI […]
Worldcoin unveils new Layer-2 network ‘World Chain’
The Sam Altman-founded “proof-of-humanity” project Worldcoin — which rebranded to World — has launched an Ethereum layer 2 blockchain it dubbed World Chain. In an Oct. 17 statement, World said the 15 million users who have verified their identity by scanning their iris for a “World ID” could now use the network. The firm launched World […]
Crypto funding drops 20% in Q3 due to ‘barbell market’ — Galaxy Digital
Crypto venture capital funding fell 20% to $2.4 billion over the third quarter, driven by a “barbell market” where Bitcoin and high-risk memecoins led, leaving mid-tier projects seeking funding overlooked, says Galaxy Digital. The funding fall was accompanied by a 17% decrease in deals, with 478 made during Q3, the crypto investment firm’s head of […]
