Cointelegraph By Martin Young
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Dev platform Stack Overflow axes 28% of staff as AI competition grows
Cointelegraph By Martin Young - 0
Developer and programmer platform Stack Overflow is cutting the company’s headcount by approximately 28% amid a rise in the popularity of artificial intelligence (AI) chatbots. On Oct. 16, Stack Overflow CEO, Prashanth Chandrasekar, made the announcement citing the challenges of macroeconomic pressures impacting the entire tech industry. The firm...
Cybercriminals have discovered a new way to spread malware to unsuspecting users, this time, by manipulating BNB Smart Chain (BSC) smart contracts to hide malware and disseminate malicious code.A breakdown of the technique known as ‘EtherHiding’ — was shared by security researchers at Guardio Labs in an Oct....
Terraform Labs contends Citadel Securities had a hand in its stablecoin collapse
Cointelegraph By Martin Young - 0
Do Kwon-founded Terraform Labs has again pointed the finger at market maker Citadel Securities for its role in an alleged “concerted, intentional effort” to cause the depeg of its stablecoin in 2022.On Oct. 10, Terraform Labs filed a motion in the United States District Court in the Southern...
BlackRock seeks court crackdown on 44 copycat sites, some crypto adjacent
Cointelegraph By Martin Young - 0
Investment giant BlackRock has called for a crackdown on a range of potentially scammy domains and “typosquatting” websites it alleges are taking advantage of its name.On Oct. 10, BlackRock filed a legal complaint in the United States District Court for the Easter District of Virginia against the owners...
Decentralized finance yet to pose ‘meaningful risk’ to stability — EU regulator
Cointelegraph By Martin Young - 0
Decentralized finance (DeFi) is yet to pose a meaningful risk to overall financial stability but does require monitoring, according to the European Union’s financial markets and securities regulator.On Oct. 11, the European Securities and Markets Authority (ESMA) released a report titled Decentralized Finance in the EU: Developments and Risks....
Web3 gaming platform Immutable has partnered with Amazon Web Services to extend options for game developers as the cloud service provider expands its startup accelerator programs.In an Oct. 10 blog post, Immutable said AWS added it to a list of companies within its ISV (independent software vendors) Accelerate...
Bitcoin analysts look to November as price action looks to mirror past cycles
Cointelegraph By Martin Young - 0
Bitcoin’s (BTC) ongoing sideways price action could flip bullish as early as November if it behaves similarly to previous cycles leading up to a halving event, according to market observers.On Oct. 10, crypto analyst Miles Deutscher cited a chart from CryptoCon, noting that the recent patterns for Bitcoin...
Crypto developer platform Gitcoin has admitted to losing approximately $460,000 of Gitcoin (GTC) tokens after mistakenly sending the funds to an unrecoverable contract address.On Oct. 6, project lead “CoachJonathan” posted details of the incident on the Gitcoin governance forum. He said the transfer of GTC from the treasury...
Canadian regulatory body clarifies stablecoin rules for exchanges and issuers
Cointelegraph By Martin Young - 0
The Canadian Securities Administrators (CSA) has provided guidance to exchanges and cryptocurrency issuers on its interim approach to what it calls value-referenced crypto assets, with a particular focus on stablecoins.On Oct. 5, the umbrella organization of Canada’s provincial and territorial securities regulators published a clarification saying it may...
The plaintiffs of the EthereumMax (EMAX) investor class action lawsuit have been given a final chance to amend their claims against the celebrities they accuse of promoting the now-defunct cryptocurrency. In an Oct. 3 court order, United States District Court Judge Michael Fitzgerald said he’s giving the EMAX investors...