Category: crypto

A group of Canadian media organizations, including CBC/Radio-Canada, The Toronto Star, and The Globe and Mail, is suing OpenAI for copyright infringement. They claim that OpenAI’s ChatGPT product used their journalism without permission. OpenAI defends its practices, citing fair use principles. The outcome could impact copyright law in the AI era.

Chinese gaming giant Boyaa Interactive has shifted a significant portion of its crypto holdings from Ethereum to Bitcoin, converting 14,200 ETH into approximately 515 BTC in a $49.48 million transaction. This move positions Boyaa as Asia’s largest corporate Bitcoin holder, aligning with a broader institutional shift towards the digital asset.

TON has introduced a trustless cross-chain bridge, TON Teleport BTC, to integrate Bitcoin liquidity into its ecosystem. This allows users to hold and transact Bitcoin as tgBTC within Web3 mini-apps on Telegram. The integration aims to boost Bitcoin finance on TON by driving liquidity, scalability, and trading opportunities.

The Web3 world is embracing Black Friday fever with online holiday shopping projected to reach $1 trillion in 2024. The U.S. presidential election impact on cryptocurrency markets has led to increased demand. Changelly and Topper by Uphold are offering discounts and promotions to make crypto more accessible to users during the holiday season.

The Solana blockchain community expressed concerns about Coinbase due to prolonged transaction delays. Coinbase attributed the delays to wallet maintenance or blockchain issues, sparking frustration within the crypto community. Solana community leaders clarified that the delays were caused by Coinbase’s internal systems, not Solana’s infrastructure. The issues were eventually resolved by Coinbase.

The Central Bank of Brazil has proposed regulations that would prohibit centralized exchanges from allowing users to withdraw stablecoins to self-custodial wallets. The move aims to adapt the financial system to digital assets while safeguarding international capital flows. The proposed rules also aim to enhance legal certainty for businesses and individuals in the crypto industry.…

Solana-based memecoin launchpad Pump.Fun saw a 33% drop in revenue after disabling its live-streaming feature. Controversies, including a rug pull and a fake suicide during a live stream, led to backlash. The platform, with $230 million in revenue since January, faces lasting effects amid concerns over risks in the memecoin market.

In November 2024, the crypto industry saw $71 million in losses across 26 incidents, a significant improvement from the previous year. DeFi platforms were the primary target, accounting for all reported cases. Centralized exchanges accounted for almost 50% of total losses in 2024, with vulnerabilities in hot wallets being a major issue.

CryptoSlate Alpha is a web3 membership that provides cutting-edge insights and knowledge powered by Access Protocol. To access paywalled content, users must lock a minimum of 20,000 ACS tokens. Users can connect via Access Protocol and must accept the terms and conditions of their third-party digital wallet provider and the Access Foundation. Visit the terms…

Ethereum co-founder Jeffrey Wilcke transferred $72 million worth of ETH to Kraken, making it his fourth transfer to the exchange this year totaling over $147 million. Ethereum Foundation addresses have seen large ETH transfers, sparking community concerns. Vitalik Buterin clarified his ETH sales were to support projects, not for self-gain. ETH investors are worried about…