Tag #AI
50 stories11.10
China has spent years building state-controlled blockchains. Now it wants yet another one
China has renewed its ambitions for a national blockchain network. It's not clear, though, what happens to the infrastructure it has spent years developing.
09.10
Tether froze, then unfroze THORChain's USDT vaults. Its blacklist still gives some targets time to move funds first
Tether quickly unfroze THORChain's USDT vaults, while its current blacklist process still leaves a measurable gap between proposing and executing many freezes.
09.10
Blast and Abstract couldn't cover the cost of running their chains. Here are the rivals with even smaller fee revenues
Blast and Abstract are preparing to close, but some surviving rivals collect even less in transaction fees.
08.10
Starknet's boss said "we're not leaving Ethereum." A year later, an exit is on the table
Ethereum's security helped sell Starknet, but its upgrade schedule could now push the network away.
08.10
Crypto braces for "bunker mode" as OpenAI pushes deeper into mathematics
OpenAI dropped more than 700 math papers. Now an Ethereum researcher wants crypto holders to prepare for "bunker mode."
07.10
Polygon links TRON's giant USDT economy with regulated US payment rails
TRON's vast USDT market is getting a more direct route into U.S. banking through Polygon's expanding payments stack.
05.10
Japanese stock traders turn to Hyperliquid to hedge their portfolios: Chainalysis
Japanese traders are increasingly pairing stock portfolios with Hyperliquid positions, using crypto perps to hedge the same macro risks they face in TradFi.
02.10
On-chain RWA lending has plenty of capital. But borrowing is still relatively light
On-chain lenders are sitting on $7.3 billion in deposits, but borrowers are using only about a third of that capacity.
01.10
BitMart said "no user assets will be harmed." Now it says the 2021 hack left a lasting $320M deficit
BitMart originally put its 2021 hack at about $150 million and promised to make users whole. Its new restructuring plan tells a completely different story.
28.09
Buterin says Ethereum may need a decentralized layer. And it's not a blockchain
Vitalik Buterin is floating a new layer between Ethereum and its users, though this one wouldn't be a blockchain.
27.09
A fake version of Upbit's unreleased blockchain pulled in $2M
Users sent roughly 766 ETH into a GIWA mainnet that GIWA says it never launched.
25.09
Bitget lost $352M. Nearly half of it is native XRP that can't be frozen on-chain
Bitget says it is trying to freeze and recover funds from its $352 million hack, but the biggest chunk has no on-chain freeze button.
24.09
Polymarket paid $112M for a regulated US comeback. New York says it's still illegal gambling
Polymarket spent $112 million securing a federally regulated route back into the U.S., but New York is testing whether that federal stamp protects it at all.
24.09
Binance took 664 days to list HYPE. A rival backed by CZ's investment firm waited just 19
HYPE is finally getting Binance spot trading, 664 days after launch and months after a public fight over the exchange Binance couldn't copy.
24.09
Blockstream CEO Adam Back called the original flaw in its Liquid sidechain a "non-critical bug." His company's report now says otherwise
Blockstream had two proposed fixes for a flaw in Liquid. It chose the one that introduced the bug hackers exploited.
19.09
Oracle provider Switchboard shuts down, blames AI and shrinking budgets weeks after breach
Switchboard is shutting down just weeks after an oracle compromise cost two DeFi protocols hundreds of thousands of dollars.
16.09
Payward paid up to $550M for Bitnomial. Now it wants to put the exchange on Hyperliquid
Just two weeks after Hyperliquid unveiled a way to gate its normally open builder markets behind allowlists, Kraken parent Payward says it wants to use the feature in the U.S.
14.09
Robinhood Chain finally lands on Etherscan 75 days after mainnet launch
Robinhood Chain finally has Etherscan support, 75 days after the brokerage giant launched its Ethereum-based blockchain.
12.09
$15M-backed crypto brokerage Cascade shuts down months after claiming $1B in beta trading volume
A crypto brokerage that raised $15 million is shutting down before establishing a broader public product.
12.09
Charles Hoskinson-backed Midnight cuts its developer outreach team as it bets AI can replace the need for traditional coders
Midnight is winding down the team tasked with attracting developers, betting instead on AI tools.
12.09
Coinbase calls permissioned blockchains 'cloud' days before Circle launches Arc
Coinbase CFO Alesia Haas questioned the value of permissioned blockchains days before Circle, one of Coinbase's closest partners, launches one.
11.09
Zcash wallet drops 'trustless' claim as user's $589K remains frozen by swap provider
A Zcash wallet has removed claims that its integrated swaps are "trustless" after a user's funds became stuck in a compliance review at its swap provider.
10.09
Crypto tax manager CoinTracking suffered another email breach. Less than a year after the last one
Crypto tax service CoinTracking has been caught in a second third-party email security incident in 10 months.
07.09
Bitcoin's stock correlation hit a decade low by one measure. Bitwise says daily returns don't show it
Bitcoin's apparent decade-low break from U.S. stocks shows up in longer-term price trends, but not in their day-to-day returns, Bitwise told The Coinformer.
07.09
Bitcoin sidechain Liquid let one order pull nearly all of its BTC
Liquid lost nearly all of its BTC in one withdrawal after SideSwap said its peg service supported transactions "of any size."
05.09
Polygon advertises flexible time off. Its CEO says employees taking it 'pains' him
Polygon CEO Marc Boiron says he wants employees to take breaks. He also says it "pains" him when they do.
03.09
Coldcard hacker appears to use THORChain's official frontend months after wallet-screening pledge
A Coldcard hacker appears to have used THORChain's own swap site months after the project pledged to screen wallets for bad actors.
02.09
Thailand's crypto crackdown could leave transfers stuck until exchanges identify senders
Thailand's new crypto rules could leave incoming crypto unavailable for withdrawal until exchanges obtain information about who sent it.
01.09
Poland's biggest collapsed crypto exchange Zondacrypto faces €700M in claims
Zondacrypto's collapse has formally moved into bankruptcy, with its trustee estimating claims could exceed €700 million as thousands of former customers try to recover their money.
01.09
Base says tokenized stocks on the network crossed $236M in volume. But only about $9M sits on-chain
Base is celebrating $236 million in tokenized stock volume after roughly a week, though trackers show only about $9 million currently sitting on-chain.
31.08
Hyperliquid wants into the US through Kraken's parent. DPRK money keeps showing up on its rails again
Hyperliquid is getting closer to American traders, but the platform is bringing an old problem with it as wallets linked to DPRK show up on its rails again.
30.08
Crypto.com-linked L1 Cronos touts '24/7 settlement.' Its invite-only validators just halted the chain
Cronos halted its entire network after a Tectonic exploit, exposing how much control its invitation-only validator set has over a chain.
30.08
Uniswap unleashed over 11K tokens on Robinhood Chain in one day. Almost everything launched that week has gone quiet
Robinhood Chain had its biggest-ever day for new tokens just as Uniswap launched its own token factory. Weeks later, only about 1% of the chain's tokens born that week were still trading.
28.08
Hyperliquid's USDC push claims another casualty as $4B USDe venue shuts down
Hyperliquid's push toward USDC is squeezing out another alternative dollar, with $4 billion trading venue HyENA winding down.
28.08
Crypto exchange Bullish says AI credit is bigger than auto loans. Public data tells a different story
Bullish says AI infrastructure financing has grown larger than auto loans, but public debt data suggests the comparison is difficult to reconcile.
24.08
AI is reshaping crypto hacks, but sleuths say it still isn't laundering crypto
AI is increasingly helping crypto attackers break in, but it has yet to meaningfully change how stolen funds are laundered on-chain, according to TRM Labs.
24.08
TAC exploit drained nearly 3B tokens using same bug that hit MANTRA, researcher says
A researcher says the exploit that halted TAC drained nearly 3B TAC tokens and appears to have reused the same Cosmos EVM bug that hit MANTRA days earlier.
22.08
P2P crypto app NoOnes said EU sanctions had nothing to do with its platform. Weeks later, it shut down because of them
NoOnes, once led by Paxful co-founder Ray Youssef, is shutting down after saying EU sanctions made the business unsustainable.
21.08
Binance-backed BounceBit is shutting its chain after an exploit matching a vulnerability patched two years ago
BounceBit is abandoning its blockchain after an attacker exploited a flaw strikingly similar to one its underlying Evmos stack patched in 2024.
21.08
A year after Ye launched YZY Money its promised card still appears unavailable, YZY is down 90%
One year after Ye pitched YZY Money as a new system built on crypto, the token remains tradable but much of the broader product is difficult to find in working form.
20.08
Dune ends free query access for new accounts, months after cutting 25% of staff
Dune is restricting new free accounts to view-only access after 14 days, months after cutting a quarter of its staff as it pushed deeper into AI.
20.08
MrBeast-backed crypto startup XCAD Network shuts down amid fan tokens, AI pivot fail
A crypto startup backed by YouTube stars is closing after five years, saying its fan-token model never recovered and a last-ditch AI pivot failed.
20.08
Crypto founder says he paid $100K for faster Trump posts, only to hear the Hyperliquid news with everyone else on X
Trump Media is charging traders six figures for milliseconds of advance access to Trump's posts. One crypto founder says he still got Hyperliquid news from X.
17.08
Reuters: Binance said it left Russia. It still sent Moscow customer files
Binance supplied Russia with extensive personal data that later became evidence in a terrorism-financing case, documents reviewed by Reuters show.
16.08
Сhainalysis goes to court after rival wins $95M ICE deal
Chainalysis has taken the U.S. government to court after rival blockchain intelligence firm TRM Labs secured a $94.7 million ICE contract.
14.08
Zcash closed its bounty over AI slop three days before AI helped find a critical bug
Three days after Zcash closed its bounty program, a researcher hired by Shielded Labs, used AI to uncover a flaw that put $2.3 billion worth of ZEC at risk.
13.08
Bitcoin miner Riot Platforms sold nearly 4x what it mined in Q2 to fund AI push
Riot Platforms sold more than 5,880 BTC after mining roughly 1,590 during the quarter as it tapped its treasury to fund its data center expansion for AI.
11.08
Russia's central bank leaves USDC off retail crypto list after official said it would be available
The Bank of Russia omitted USDC from a retail crypto whitelist less than two months after a deputy finance minister said the stablecoin would be included.
07.08
Upbit once handled nearly half of BONK trading. Now it's dropping it after a $20M DAO drain
Upbit, still home to BONK's biggest individual spot market, will stop supporting the Solana memecoin next month.
06.08
Most violent crypto robberies now fail. But the ones that succeed take twice as much
Only 26% of violent crypto theft attempts succeeded this year, but the average successful haul more than doubled to at least $2.5 million.
