NFT News Daily TheBittimes.com

A rising number of people are worried about identity verification methods on crypto currency exchanges as artificial intelligence (AI) develops. Deepfake proofs of identification are now simpler to create than ever because to the quickly developing AI technology. Some well-known industry executives have spoken out on the worries about hazards in crypto that are facilitated by AI. Why have to concern about AI-generated avatar? On August 9, Binance’s CEO and founder Changpeng Zhao took to Twitter to warn about the use of AI in cryptocurrency by malicious parties. Zhao said: From the standpoint of video verification, this is quite ominous. Even if someone sends you a video, don’t send them coins. Binance’s internal Know Your Customer (KYC) procedures demand cryptocurrency investors to produce video evidence in order to execute some transactions, just like many other cryptocurrency exchanges. Joshua Xu, co-founder and CEO of HeyGen, is featured in an AI-generated...

Binance saw its market dominance slip 5% in 2023 followning the impact of regulatory issues, including ex-CEO Changpeng Zhao’s resignation. A TokenInsight report however shows the exchange remains top by market share. Meme Moguls, on the other hand, is a new meme-backed trading platform seeing huge interest from crypto enthusiasts during its presale.  Binance remains the largest crypto exchange by market share, despite facing a 5% dip amid regulatory issues. A new TokenInsight report also highlights that the exchange’s market share rose steadily after dipping to around 32% in November. Meanwhile, Meme Moguls (MGLS), a new exchange bidding for dominance as the world’s first meme-based trading platform, continues to strengthen its future outlook amid huge interest in its presale. Report shows Binance market share dropped 5% in 2023 Binance’s place as the world’s largest crypto trading exchange by market share came under thr...

Asset manager Vanguard has blocked its customers from purchasing spot Bitcoin ETFs via its platform. That came as the ETFs began trading on Thursday and some people have said they will exit Vanguard. Meanwhile, headlines in coming months could focus on Pullix, a new hybrid exchange currently in presale. As crypto celebrates the approval of the first spot Bitcoin ETF s in the US, the broader feeling is that this puts the industry on the cusp of further regulatory clarity. Within this scope are also the projections of a thriving crypto trading market, with the key sector of decentralized finance (DeFi) among those to see greater traction. It’s for this that the upcoming launch of the new hybrid crypto exchange Pullix (PLX) has the industry thrilled. Vanguard blocks purchases of spot Bitcoin ETFs Amid the frenzy that was the first day of trading for spot Bitcoin ETF s, reports emerged that asset manager Vanguard was blocking its customers from purchasing...

Thevamanogari Manivel was sentenced to 18 months of community corrections with six months of unpaid community work while her husband will face a plea trial in October. The Melbourne couple who accidentally received 10.5 million Australian dollars (AUD), or almost $6.6 million, will be facing a plea trial in October for a theft charge after spending the funds that they received by mistake in 2021.  In May 2021, Thevamanogari Manivel transferred funds to her partner Jatinder Singh’s Crypto.com account. However, the exchange detected that the bank account did not match the exchange account. Therefore, a refund was issued, but instead of refunding the 100 AUD that the couple tried to put in, the exchange mistakenly sent 10.5 million AUD to Manivel’s bank account. The mistake was not discovered until December 2021, when the exchange conducted its annual audit. After the exchange filed a lawsuit in the Victoria Supreme Court, the judge ruled that the funds should be given back to the cr...

Key takeaways Nexera Exchange’s first innovative trading feature is now live. The on-chain limit order book feature enhances interaction with decentralised exchanges it is integrated with.  Nexera Exchange’s first innovative trading feature is now active Nexera Exchange, the platform recently introduced by AllianceBlock, has added an innovative on-chain limit order book to the exchange. In a press release shared with Coinjournal, the team said the feature serves as an intermediary layer and would boost the interaction with the DEXs it is integrated with. It aims to achieve this by presenting an efficient and user-friendly interface while integrating features usually available on centralised exchanges.  The team pointed out that Nexera ensures more liquidity when users leverage an on-chain limit order book protocol.  The launch of the on -chain limit order book is the start of the second phase of development for Nexera. Th...

Seven institutional firms have filed for a spot Bitcoin ETF in the U.S., including the world’s largest asset manager BlackRock, driving optimism and higher Bitcoin prices. With the Bitcoin (BTC) halving event less than a year away, several financial giants have filed applications for a spot Bitcoin exchange-traded fund (ETF) — a scenario last seen before the 2020 to 2021 bull run.  Institutional interest in the sector dried up after major crypto giants such as FTX collapsed amid a prolonged crypto winter in 2022. Bitcoin and many other cryptocurrencies traded largely sideways as several crypto exchanges fell under regulatory scrutiny. However, on news that major financial institutions such as BlackRock, Fidelity, Valkyrie and others were filing applications to list a spot Bitcoin ETF, the price of BTC recovered to over $30,000, spurring investment into the crypto market again. Bitcoin one-month price chart. Source: CoinMarketCap While several institutional giants have filed spot Bitco...

Binance announces plans to embrace the Lightning Network; which large crypto exchanges are Lightning ready, and which are yet to be struck? The recent surge in Bitcoin (BTC) transaction fees has lit a fire under one of the largest crypto exchanges to upgrade to the Bitcoin Lightning Network. Following a second halt in withdrawals, Binance announced it would work on “enabling BTC Lightning Network withdrawals, which will help in such situations.” To prevent a similar recurrence in the future, our fees have been adjusted. We will continue to monitor on-chain activity and adjust accordingly if needed. Our team has also been working on enabling BTC Lightning Network withdrawals, which will help in such situations. — Binance (@binance) May 8, 2023 The Lightning Network (LN) is a federated system for cheap, near-instant payments built atop Bitcoin. When the Bitcoin mempool (where transactions waiting to be confirmed gather) is full or busy, the Lightning Network is unaffected. Severa...