Author: Anshul

Bitcoin Options Hit Nasdaq

The U.S. Securities and Exchange Commission has approved a rule change that allows Nasdaq’s International Securities Exchange to list and trade options on the iShares Bitcoin Trust (IBIT), BlackRock’s widely-traded exchange-traded fund. This move marks a significant step in expanding Bitcoin-linked derivative products, providing investors with new tools to manage their exposure to the world’s […]

OpenAI’s GPT-o1 Raises Alarm

OpenAI’s newest AI model, GPT-o1, has sparked serious concerns among experts about its potential misuse in creating biological threats. William Saunders, a former technical staff member at OpenAI, testified before the U.S. Senate Committee on the Judiciary Subcommittee on Privacy, Technology, & the Law, highlighting the risks associated with this advanced AI system. Potential for […]

Drift Raises $25M for Solana DeFi Expansion

Drift, a decentralized finance (DeFi) platform, has secured $25 million in Series B funding to expand its Solana-based exchange. The funding round was led by Multicoin Capital, with participation from Blockchain Capital, Folius Ventures, Maelstrom, and Primitive, according to an announcement on X. Let’s understand how Drift’s series B funding contributes to Solana DeFi Expansion! […]

Terraform’s Collapse Sparks Global Legal Turmoil

The crypto world watched in disbelief as Terraform Labs’ TerraUSD (UST) and Luna (LUNA) tokens collapsed in May 2022, erasing billions in market value overnight. The fallout from this event has been monumental, leading to extensive legal challenges and a significant loss of investor confidence. Let’s understand how Terraform’s collapse sparks Global legal turmoil! The […]

Hackers Hijack Twitter accounts to Push Solana Meme Coin

A coordinated hacking attempt targeted several high-profile Twitter (aka X) accounts on Wednesday. With hackers hijacking the profiles of celebrities and brands to promote a Solana-based meme coin named $HACKED. Despite the scale of the attack, the cryptocurrency scam failed to gain much traction. High-Profile Targets Among the notable victims were Lenovo India, film director […]

Solana Seeker Smartphone Hits 140,000 Pre-Orders

Last year’s launch of the Solana Saga smartphone was a bold move by Solana Labs that didn’t initially seem to pay off. But a year-end surge in demand, fueled by the rising value of token airdrops tied to it, cleared out the remaining stock and sparked questions about what’s next. Let’s understand how Solana Seeker […]

Binance Clarifies Relationship with WazirX Amid $235 Million Hack

Binance denies ownership of WazirX and responsibility for a recent $235 million hack, urging the Indian crypto platform to address user fund losses. Binance Clarifies Relationship with WazirX The world’s largest cryptocurrency exchange by volume, has issued a statement clarifying its relationship with the Indian crypto platform WazirX, following a significant hack in July 2024 […]

Lawmakers Challenge SEC’s Stance on Crypto Airdrops

Representative Tom Emmer (R-MN), along with Chairman of the House Committee on Financial Services Patrick McHenry (R-NC), has issued a formal letter to SEC Chair Gary Gensler. Raising concerns over the regulatory treatment of cryptocurrency airdrops. The letter criticizes the SEC’s approach under Gensler’s leadership. Accusing it of stifling American innovation in blockchain technology by […]