• Sep 03, 2024

Bitfarms Bites Back at Riot in Bitcoin Mining Battle

Bitfarms has fired back at Riot in the latest rift between the two Bitcoin mining firms and an increasingly contentious takeover fight. In a statement Wednesday, Bitfarms said that Riot had “declined to engage with us constructively” and that its rival’s takeover plan would hurt shareholders. Riot has been trying to snap up smaller miner Bitfarms for months. Riot yesterday criticized Bitfarms’ move to acquire mining company Stronghold Digital. Bitfarms had announced last month that it would do s...

• Sep 03, 2024

Elizabeth Warren to Face Pro-Crypto Lawyer John Deaton in Senate Race

Following John Deaton’s Republican primary win in Massachusetts on Tuesday, the crypto attorney is set to square off against Senator Elizabeth Warren—both at the ballot box and on the debate stage. In a Thursday post on Twitter (aka X), Deaton challenged Warren to five “single-issue debates,” on topics including inflation, the debt crisis, and the economy. Warren told the Associated Press in an email Wednesday that the Democratic incumbent has agreed to two debates in October. On the campaign tr...

• Sep 03, 2024

Elon Musk-Themed Telegram Game 'X Empire' Reveals How Airdrop Tokens Will Be Allocated

Rising Telegram game X Empire, formerly known as Musk Empire, has announced first details on the criteria that will dictate how players are allocated tokens for its airdrop on The Open Network (TON). This comes ahead of the game’s mining phase ending on September 30, with the airdrop apparently just around the corner. The announcement details three criteria for players to consider: wallet connection, profit-per-hour, and inviting friends. Primarily, players must have a TON wallet connected to th...

• Sep 03, 2024

Flow Brings World Tour Builder Series to Singapore Following Crescendo Upgrade

Layer-1 blockchain Flow is bringing its Flow World Tour builder series to Singapore later this month. Kicking off on September 19, the Flow World Tour invites blockchain builders to develop the next “killer app” across four categories: decentralized finance (DeFi), Sports, Social, and Gaming. “As major avenues of consumer traction, these four sectors present unparalleled opportunities for Web3 disruption,” a spokesperson for Flow said in a statement shared with Decrypt. The event series will run...

• Sep 03, 2024

AI Chatbots Have Begun to Create Their Own Culture, Researchers Say

AI language models are developing their own unique social dynamics and cultural quirks after interacting with minimal supervision in a Discord server set up by Act I, a research project studying the capabilities of frontier models and their behavior in different scenarios. This experimental AI community is witnessing a fascinating (and unsettling) development: AI chatbots, left to interact freely, are exhibiting behavior that resembles the formation of their own culture. The results raise import...

• Sep 03, 2024

Trump Crypto Project Aims to Maintain US Dollar Supremacy With Stablecoins

The team behind World Liberty Financial, an upcoming crypto project promoted by the Trump family, said Wednesday that the DeFi platform aims to maintain global U.S. dollar supremacy through the use of stablecoins. The revelation comes after CoinDesk reported that a leaked white paper for the project details a borrowing and lending platform reminiscent of Dough Finance, a recently hacked protocol. The report suggested that World Liberty Financial hails from multiple Dough team members, and would...

• Sep 03, 2024

CFTC Issues Order Against Ethereum DeFi Exchange Uniswap

U.S. regulator the Commodity Futures Trading Commission (CFTC) has hit Uniswap Labs, the company behind Ethereum decentralized exchange Uniswap, with an order for allegedly illegally offering leveraged or margined retail commodity transactions in digital assets. The order, which the regulator said was settled, requires Uniswap Labs pay a $175,000 civil monetary penalty and to cease and desist from violating the Commodity Exchange Act (CEA). "Today, Uniswap Labs resolved a CFTC investigation, abo...

• Sep 03, 2024

Bitcoin ETFs Shed $288 Million in Fifth Day of Negative Flows

As the crypto market plunged Wednesday, Bitcoin spot ETFs marked their fifth consecutive day of negative flows, with $287.8 million in net outflows on September 3. The Grayscale Bitcoin Trust (GBTC) ETF reported a single-day net outflow of $50.4 million, while Fidelity's FBTC saw an even larger outflow of $162.3 million. These outflows have reduced the total net asset value of Bitcoin spot ETFs to $52.7 billion, according to data from SoSo Value. Simultaneously, Ethereum spot ETFs recorded a tot...

• Sep 03, 2024

When Are the Next Big Telegram Game Airdrops? From ‘Hamster Kombat’ to ‘Rocky Rabbit’

Many Telegram-based games have shot to popularity this year with the promise of in-game progression resulting in a share of a future crypto token airdrop. For some of those games, the time to launch a token is upon us, with dates set and gamers itching for their share of the pie. From crypto exchange-building tap-to-earn game Hamster Kombat to combat-centric clicker Rocky Rabbit and others alongside, these Telegram mini apps have made waves through the industry. But now it's time for these proje...

• Sep 03, 2024

DePIN Project Wants to Send Satellites to Space to Give Internet to the Underserved

Spacecoin, a decentralized physical infrastructure network leveraging nanosatellites to provide high-speed internet to remote communities, has an ambitious lofty goal. Unveiled exclusively to Decrypt during Korea Blockchain Week in Seoul on Wednesday, the initiative aims to bridge the digital divide affecting billions of people, particularly in underserved areas, by leveraging infrastructure from Layer-1 blockchain Creditcoin. “Because of the cost, the network infrastructure today is centralized...