AI Scandal in Literature: Granta Magazine Ends Partnership with Prestigious Prize
A major scandal involving suspicions of artificial intelligence use has led to the severance of a long-standing partnership between the British literary magazine Granta and the prestigious Commonwealth Short Story Prize. This event has become yet another alarming signal for the entire industry, demonstrating how AI is beginning to blur the boundaries between human creativity and machine generation...Japan's Nationwide Business Pension Fund will allocate 1% of its assets to cryptocurrencies: a new signal for the institutional market
The fund manages a substantial amount of assets — 21...
Bitdeer demonstrates explosive growth: bitcoin mining increased by 370% year-over-year
The key driver of growth was the company's own hash rate. During the reporting period, it increased by nearly 420% — from 13...
Axelar Bridge and Secret Network Hack: 'Infinite Mint' Vulnerability Cost $4.67 Million
On June 19, the Axelar team officially confirmed the exploitation of a critical vulnerability in the cross-chain bridge connecting their protocol to Secret Network. The attacker took advantage of an "infinite mint" bug, allowing them to withdraw digital assets worth approximately $4.67 million. Notably, the theft went unnoticed for seven days, indicating insufficient on-chain activity monitoring by the bridge operators...Weekly digest: Bitcoin on the swings, cryptocurrency recognition in Russia, and tightening of MiCA rules
The past week was marked by sharp movements in the first cryptocurrency, a landmark legal precedent in Russia, and a tough ultimatum from a European regulator. We break down the key events that shaped the current market landscape.Bitcoin: Rollercoaster Ride and Capital Outflows The week began with a surge of optimism. Bitcoin prices jumped from $64,000 to a local high of $67,278 amid news of a potential truce between the US and Iran...
Key Points for Withdrawing Funds from Crypto Exchanges: Expert Analysis
Withdrawing funds is not just a technical procedure but a strategic step requiring careful planning. The main stages include account verification, selecting a network (e...
Polygon Global Inc. expands its portfolio: asset acquisition and strategic growth
NVIDIA is giving away powerful AI for free: a genius move or hidden monopolization?
Nemotron 3 Ultra was not created to break records in intelligence tests...
A fraudster turned himself in: a complaint about frozen bitcoins led to the exposure of a criminal scheme
A user under the nickname AmanKesar11 wrote to ZachXBT complaining about the "unfair" blocking of 5.73 BTC (approximately $475,000) on the Changelly platform...
Euro stablecoins and the digital euro: why confusing them is a fatal mistake for regulators
Let's understand the fundamental differences. Euro stablecoins, regulated under MiCA as e-money tokens, operate on public blockchains — Ethereum, Solana, and others...
Analysts in unison: overheating of US markets signals a reversal — what this means for bitcoin
Their arguments complement each other, painting a multifaceted picture of an impending correction...
The financial system is drying up: why the withdrawal of liquidity and the collapse of the bond era threaten bitcoin
Granta terminates contract with literary prize: AI scandal calls future partnerships into question
The cultural landscape has once again been shaken by a wave of controversy related to artificial intelligence. This time, the epicenter of the conflict is the prestigious British literary magazine Granta, which decided to stop publishing stories by the winners of the Commonwealth Short Story Prize. The reason is a heated debate over the possible use of generative neural networks in writing one of the competition entries...Japan's pension fund enters cryptocurrencies: 1% of assets under management will go into digital assets
The fund serves the interests of around 1,200 small and medium-sized enterprises, with assets under management totaling 21...
Bitdeer increased bitcoin mining by 370% year-over-year: hash rate surged by 420%
Mining company Bitdeer demonstrated impressive results for May, showing exponential growth in production capacity. During the month, the firm mined 921 BTC, which is 370% higher than the figure for the same period last year, when only 196 BTC were extracted. This surge is directly linked to aggressive infrastructure expansion.The company's proprietary hashrate increased by almost 420% over the year — from 13...
Axelar Bridge and Secret Network Hack: 'Infinite Mint' Vulnerability Cost $4.67 Million
On June 19, the blockchain infrastructure project Axelar officially confirmed the hack of a cross-chain bridge connecting its network with the Secret Network protocol. As a result of the attack, the attacker withdrew approximately $4.67 million by exploiting a critical vulnerability known as "infinite mint."Attack Details and Technical Background The incident went unnoticed for seven days, indicating the complexity and stealth of the attack vector...
Weekly Review: Bitcoin on a 'roller coaster', cryptocurrency in Russia recognized as an object of theft, and new MiCA rules in the EU
The past week was extremely eventful for the crypto market. Bitcoin made a sharp upward move, followed by a correction, while the main news came from the regulatory sphere — both in Russia and the European Union. Let's break down the key events.Bitcoin: Surge to $67,000 and Drop to $62,000 The week started with a strong impulse: the price of the leading cryptocurrency surged from around $64,000 to a local high of $67,278 on Binance...
Critical analysis of withdrawal mechanisms: liquidity, risks, and capital management strategies
Key Mechanisms and Their Impact Modern exchanges offer several withdrawal methods: on-chain transactions (with blockchain confirmation) and off-chain transfers (internal transfers between users)...
Market Analysis: How Balance Top-ups Affect Liquidity and Price Dynamics
According to my data, the volume of top-ups over the last 24 hours has exceeded average levels by 35%, indicating increased activity among institutional investors...
NVIDIA gives away powerful AI for free — and earns more than its competitors from it
Unlike closed flagship models like ChatGPT or Claude, Nemotron 3 Ultra can be downloaded, fine-tuned on your own data, and deployed on your own infrastructure...
Self-conceit led to downfall: scammer turned himself in to ZachXBT, complaining about the freeze of 5.73 BTC
A user under the nickname AmanKesar11 wrote to ZachXBT, demanding help in unfreezing 5...
Euro stablecoins vs. digital euro: why confusing these assets is a fatal mistake for regulators
The key difference lies in the infrastructure...
Analysts are sounding the alarm: overheating in US markets threatens a crash — what this means for Bitcoin
The financial system is drying up: how the disappearance of liquidity and the end of the bond era threaten bitcoin
Liquidity is drying up: money is leaving the system A key indicator is the measure of excess cash in the system...
The magazine Granta has terminated its partnership with a literary award due to a scandal involving AI.
The British literary magazine Granta has decided to stop publishing stories by winners of the prestigious Commonwealth Short Story Prize. The reason is a scandal that has erupted in the industry, involving suspicions of using generative artificial intelligence in the creation of one of the works.The official position of the editorial board is as follows: the magazine will no longer participate in "external publishing partnerships" where it does not have full editorial control over the final content...
Japan's major pension fund will allocate 1% of its portfolio to cryptocurrencies.
This fund, serving the interests of about 1,200 small and medium-sized enterprises, manages assets worth 21.3 billion yen, equivalent to roughly $130 million. Thus, the amount allocated for crypto investments will be approximately $1...
Bitdeer demonstrates explosive growth: Bitcoin mining surged 370% year-over-year
Mining company Bitdeer continues to surprise the market with its growth rates. In May 2024, the firm increased its production of the first cryptocurrency to 921 BTC, which is 370% more compared to the 196 BTC mined in the same month a year earlier.The key driver of this impressive leap was a significant expansion of its own computing power. Bitdeer's hashrate increased by nearly 420% over this period — from 13...
Infinite mint vulnerability: Axelar lost $4.67 million in a bridge hack with Secret Network
On June 19, the blockchain project Axelar disclosed a hack of the bridge connecting its infrastructure with the Secret Network protocol. The attacker withdrew approximately $4.67 million by exploiting a critical "infinite mint" vulnerability in the smart contract. The theft went unnoticed for seven days, indicating serious gaps in the monitoring systems of both networks.The bug was discovered in a modified CW20-ICS20 contract on the Secret side, operating within the Cosmos IBC connection...
Weekly Review: Bitcoin tests investors' nerves, while Russia brings clarity to the status of cryptocurrencies
The past week was marked by sharp movements in the market of the first cryptocurrency, an important legal precedent in Russia, and tightening regulatory requirements in the European Union. Let's break down the key events that shaped market sentiment.Bitcoin: A Rollercoaster Ride Amid Geopolitics and Macroeconomics The week for Bitcoin began with an optimistic surge. The price jumped from around $64,000 to a local high of $67,278 following news of a potential truce between the US and Iran...
How to safely withdraw cryptocurrency: a professional guide to transactions
Basic Rules for Withdrawing Cryptocurrency The first and most important rule: always check the network through which the transfer is made...