California Leads the Way with New AI Transparency Law
California Governor Gavin Newsom signed a landmark bill into law today, called the California Artificial Intelligence Transparency Act (CAITA). It requires large generative AI platforms to label AI-generated content and provide consumers with AI-detection tools. This is a big step toward consumer protection in an increasingly AI-driven media environment, helping people distinguish between real and AI-generated content
NFT Projects Boost Community Engagement with Airdrops and Exclusive Content for Holders
Pudgy Penguins has introduced eligibility for the zkSync Airdrop, a strategic move designed to reward holders of the project’s NFTs. Airdrops like this have become a staple in the blockchain space, giving users additional tokens or NFTs simply for owning a specific asset. In Pudgy Penguins’ case, the airdrop aims to strengthen user loyalty by providing direct, valuable rewards to those who remain committed to the community
Major Security Breach on Delta Prime: Hacker Drains $6 Million in Assets
In a significant attack on the decentralized finance (DeFi) platform Delta Prime, a hacker managed to exploit a vulnerability in the system’s token minting process, draining over $6 million in assets. Operating on the Arbitrum network, Delta Prime was compromised after the attacker gained control of the platform’s admin account, reportedly by stealing the developer's private key.
USDT on TON Chain Surpasses $1 Billion in Circulating Supply
Tether’s USDT stablecoin has reached a new milestone, surpassing $1 billion in circulating supply on The Open Network (TON), according to data from Token Terminal. This significant achievement underscores USDT's dominance as the leading USD-backed stablecoin, outpacing its rivals like Circle’s U.S. Dollar Coin (USDC).
Circle’s USDC Stablecoin to Launch on the Sui Network
Circle, the issuer of the widely-used USDC stablecoin, has announced that it will be expanding USDC’s reach to the Sui blockchain through its Cross-Chain Transfer Protocol (CCTP). This integration is a significant development for the Sui network, a relatively new blockchain that has been gaining traction in the decentralized finance (DeFi) space.
Thorchain's Major Upgrade: What the Hard Fork Means for the RUNE Token
On September 4, 2024, Thorchain completed a significant hard fork, marking a major milestone for the decentralized liquidity network. This upgrade focused on improving the overall performance of Thorchain’s cross-chain exchange capabilities, with particular attention to supporting Bitcoin Taproot addresses, a crucial enhancement for enabling seamless Bitcoin transactions.
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