The literary magazine Granta terminates its partnership with the award due to an AI scandal: an analysis of the consequences
The British literary magazine Granta has decided to stop publishing stories by winners of the Commonwealth Short Story Prize. The reason is a dispute over the possible use of generative artificial intelligence in one of the competition entries. This decision marks a new stage in the confrontation between the traditional literary ecosystem and AI technologies.Granta's management stated that it is withdrawing from "external publishing partnerships" where the magazine does not have full editorial control...
Japan's pension fund will allocate 1% of its portfolio to crypto assets: a new era of institutional adoption
The investments will not be made directly, but rather through the portfolio of a major hedge fund that already includes several digital assets...
Bitdeer's hash rate has soared by 420%: the company has increased its bitcoin mining output nearly fivefold over the past year
Mining company Bitdeer is demonstrating impressive growth rates. In May 2024, the volume of bitcoins it mined reached 921 BTC, a 370% increase compared to the same period last year when only 196 BTC were obtained. This surge is a direct result of aggressive expansion of computing power.The company's own hash rate has skyrocketed by nearly 420% — from 13.6 EH/s to 70.2 EH/s. This is one of the highest growth rates among public miners over the past 12 months...
Axelar and Secret Network Bridge Hack: Hacker Steals $4.67 Million via 'Infinite Mint' Vulnerability
On June 19, the blockchain project Axelar officially confirmed a hack of the cross-chain bridge connecting it to the Secret Network protocol. The attacker managed to withdraw assets worth approximately $4.67 million by exploiting a critical vulnerability known as "infinite mint." Notably, the theft went unnoticed for seven days, highlighting insufficient monitoring responsiveness within the ecosystem...Weekly Review: Bitcoin on a Rollercoaster, While Russia Introduces New Crypto Regulations
The past week was extremely eventful for the cryptocurrency market. Bitcoin once again demonstrated its volatility, making sharp moves up and down, while regulatory news from Russia and Europe set a new direction for the industry's development. Let's break down the key events.Bitcoin: Swings from $62,000 to $67,000 and Back The week began with an optimistic surge. Amid rumors of a truce between the US and Iran, the leading cryptocurrency jumped from $64,000 to a local high of $67,278...
Analysis of the Current Situation with Withdrawals from Crypto Exchanges: What Lies Behind the Trend?
According to my data, over the past 30 days, the net outflow of funds from major platforms such as Binance, Coinbase, and Kraken has exceeded $2 billion...
How I topped up my balance: strategy and analytics
When I decide to top up my balance, I always consider three key factors: the liquidity of the chosen pair, network fees, and time delays...
Bitcoin ignored the oil crash: 5 years of data prove there is no correlation
This price divergence calls into question the strength of a connection that many traders and analysts have long considered an unshakable market rule...
NVIDIA is giving away powerful AI for free: how the open-source Nemotron 3 Ultra model turns into a goldmine for the giant
Nemotron 3 Ultra is not just another transformer...
A scammer accidentally turned himself in by complaining to ZachXBT about the freezing of 5.73 BTC.
Euro stablecoins and the digital euro: why confusing them is a fatal policy mistake
The Overheated US Market: McGloane and Dalio Warn of a Crash — What This Means for Bitcoin
McGlone: "Dominoes" are falling, Bitcoin is first in line McGlone points out that market "dominoes" have already begun to fall...
Granta severs ties with the Commonwealth Prize over AI scandal: market analysis
The British literary magazine Granta has announced it will stop publishing stories by winners of the Commonwealth Short Story Prize. The decision came after a heated dispute over the possible use of generative artificial intelligence in one of the winning texts. This event has become a landmark for the industry, raising questions about transparency and authorial control in the age of AI.Details of the Conflict Granta stated it will no longer participate in "external publishing partnerships" where it does not have editorial control...
Japan's pension fund allocates 1% of assets to cryptocurrencies: a signal for the institutional market
Japan's corporate pension fund, the Nationwide Business Corporate Pension Fund, has made a strategic decision — in the 2026 fiscal year, it will allocate approximately 1% of its assets to cryptocurrencies. This move marks a significant step in the integration of digital assets into traditional institutional portfolios, especially given the conservative approach typical of Japanese pension systems...Bitdeer recorded a record growth in Bitcoin mining: +370% year-over-year
Mining company Bitdeer has demonstrated impressive growth rates in operational metrics. According to my analysis, in May of this year, the firm mined 921 BTC, a 370% increase compared to the same period last year — 196 BTC. Such a production surge was made possible by an aggressive expansion of computing power.The company's own hash rate increased by almost 420% — from 13.6 EH/s to 70.2 EH/s over twelve months...
Axelar disclosed a bridge hack with Secret Network: the hacker stole $4.67 million through an "infinite minting" vulnerability
On June 19, the blockchain infrastructure project Axelar officially confirmed the hack of the cross-chain bridge connecting its ecosystem with the Secret Network protocol. The attacker managed to withdraw assets worth approximately $4.67 million by exploiting a critical smart contract error known as an "infinite mint."The theft went unnoticed for seven days — an alarming signal for the entire industry, demonstrating how vulnerable even seemingly verified cross-chain bridges can be...
Weekly Review: Bitcoin on an emotional rollercoaster, while Russia's Supreme Court equates cryptocurrency to property
The past week has been a vivid illustration of how geopolitics and macroeconomics continue to keep the digital asset market on edge. Bitcoin once again demonstrated classic volatility, while regulatory news from Russia and Europe added fundamental clarity to the legal status of cryptocurrencies.Bitcoin: a rollercoaster amid geopolitics The week began with a sharp surge in the first cryptocurrency...
Analysis of the current situation with cryptoasset withdrawal: market signals and strategies
Withdrawals are an indicator that often precedes either a significant price increase or preparation for storing assets in cold wallets. In the current context, where trading volumes remain stable and key support levels are holding, it can be assumed that large holders prefer to reduce risks associated with storing funds on centralized platforms...
Market Analysis: Deposit replenishment strategies in conditions of volatility
Key Aspects of Funding The first thing to consider is choosing the optimal time for making a deposit...
Disconnect: why bitcoin ignores the oil crash and what is really driving the market
This price gap forces us to question the strength, and indeed the very existence, of a direct correlation between "black gold" and "digital gold...
NVIDIA is giving away powerful AI for free — and making more money than its competitors
Unlike closed flagship models like ChatGPT or Claude, Nemotron 3 Ultra can be downloaded, fine-tuned on your own data, and run on your own infrastructure...
Self-guidance: how a complaint about frozen bitcoins exposed a fraudster completely
Using his own analytical tools, ZachXBT traced the origin of the funds...
Euro stablecoins and the digital euro: two different worlds that should not be mixed
Analysts are sounding the alarm: overheating of US markets and the fate of Bitcoin
McGlone: The "Dominoes" Are Starting to Fall Mike McGlone is recording the beginning of a process he calls a "once-in-a-lifetime reversal...
A Literary AI Scandal: Granta Ends Partnership with Prestigious Prize
The British literary magazine Granta has decided to stop publishing stories by winners of the Commonwealth Short Story Prize. The reason is a heated dispute over the possible use of generative AI in one of the competition entries. This decision demonstrates how deeply the technological issue has penetrated traditional cultural institutions.What happened? Granta officially stated that it is withdrawing from "external publishing partnerships" where it cannot exercise full editorial control...
Japan's pension fund allocates 1% of its portfolio to crypto assets: a new signal for institutional investors
The organization, which serves the interests of roughly 1,200 small and medium-sized enterprises, manages a substantial portfolio of 21...
Bitdeer increased bitcoin mining by 370% year-over-year: hash rate surged by 420%
Mining company Bitdeer demonstrated impressive growth rates in May 2024. During the month, the firm mined 921 BTC, a 370% increase compared to May 2023, when only 196 BTC were mined. This surge was made possible by aggressive expansion of computing power.Bitdeer's proprietary hash rate grew by nearly 420% year-over-year, from 13.6 EH/s to 70.2 EH/s. This indicates massive investments in equipment and infrastructure, likely focusing on the latest ASIC miners and energy supply optimization...
Axelar Bridge and Secret Network Hack: 'Infinite Mint' Vulnerability Cost $4.67 Million
On June 19, a serious incident in the cross-chain bridge ecosystem became known. An attacker exploited a vulnerability in the ICS-20 smart contract on the Secret Network side, allowing them to withdraw assets worth approximately $4.67 million. The attack, based on an "infinite mint" bug, went unnoticed for seven days, indicating an insufficient operational response from the project team.As analysts determined, the bug was embedded in a modified version of the CW20-ICS20 contract responsible for interaction with the Cosmos IBC connection...
Weekly Review: Bitcoin on the swings, Russia's Supreme Court recognizes cryptocurrency as an object of theft, and MiCA pushes unlicensed players out of the EU
The past week was extremely eventful, ranging from macroeconomic triggers to regulatory shifts. Bitcoin once again demonstrated high volatility, reacting to geopolitical news and Fed actions, while the Russian judicial system made an important step in recognizing cryptocurrencies, and the European regulator tightened requirements for market participants.Bitcoin: from $67,000 to $62,000 and back The week began with a sharp jump in the price of the first cryptocurrency...
Current Market Analysis: Liquidity Flows and Signals for Investors
Analyzing transaction volumes and frequencies reveals several key patterns. First, there is a steady increase in outgoing flows from major trading platforms, which is traditionally interpreted as a sign of investors moving toward long-term asset storage...