Google Seeks Dismissal of AI Data Scraping Class-action Lawsuit
Google seeks dismissal of a proposed class-action lawsuit alleging that it violates users’ privacy and property rights by data scraping to train its artificial intelligence (AI) models. Google filed the motion on October 17 in a California District Court, arguing that it must use public data to educate its AI chatbots like Bard. It claimed […]
Fantom Foundation Loses $550K via Hot Wallet Attack
Upon exposure to vulnerability from hackers, over $550,000 worth of cryptocurrency has been stolen from the Fantom Foundation, the developer of the Fantom network. The foundation confirmed the attack on X and asserted that the majority of the taken funds belonged to other users and that 99.9% of the foundation’s funds remain secure. According to […]
BNB Chain to Offer New Decentralized Storage System
BNB Chain ecosystem has achieved a significant milestone by launching the mainnet of its eagerly awaited Greenfield. Users can upload files and data, set personalized access rules, and store information redundantly over a decentralized network of storage providers using Greenfield, a unique blockchain explicitly designed for decentralized data storage. According to a recent statement, Greenfield […]
Binance.US Halts Direct Dollar Withdrawals
Binance.US, in response to increasing regulatory scrutiny and operational difficulties, adjusts operations and stops USD withdrawals. Major cryptocurrency exchange, Binance.US has started making important changes to its financial operations in the US. The platform stopped all direct US dollar withdrawals this week. Customers must now convert US dollars into stablecoins or other digital assets before […]
EU Crypto Investor Protections to Take Effect by Late 2024
According to ESMA, MiCA-based crypto investor protections will only take effect from at least December 2024, meaning that investors must be prepared to lose all their money if they invest in cryptocurrencies. European Union cryptocurrency asset market regulations still need to protect cryptocurrency investors, and the protections will take some time. The European Securities and […]