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Oracle Error Leaves DeFi Lender Moonwell With $1.8 Million in Bad Debt

A significant oracle error has resulted in DeFi lender Moonwell accumulating $1.8 million in bad debt. The issue arose from incorrect price feeds that misled the platform's smart contracts, leading to erroneous liquidations. Moonwell's team is actively working to address the situation and mitigate the impact on users. This incident highlights the vulnerabilities associated with relying on oracle systems in decentralized finance. The platform's community is awaiting further updates on the resolution process.

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SEC Moves to Settle Justin Sun Case With $10M Penalty for BitTorrent Owner

The U.S. Securities and Exchange Commission (SEC) is proposing a settlement with Justin Sun, the founder of TRON and owner of BitTorrent, involving a $10 million penalty. This settlement addresses allegations that Sun engaged in unregistered securities offerings and manipulated the market for his cryptocurrency assets. The SEC'

U.S. banking agencies say capital should be same for standard or tokenized securities

U.S. banking agencies have announced that capital requirements for standard securities should be the same as those for tokenized securities. This decision aims to create a level playing field between traditional financial instruments and their digital counterparts. The agencies emphasized the importance of maintaining consistent regulatory standards to ensure

Roblox Is Now Using AI to Rewrite Chat Swears in Real Time

Roblox has implemented an AI system to automatically rewrite inappropriate language in real-time chat during gameplay. This feature aims to create a safer and more welcoming environment for its users, particularly for younger audiences. The AI technology identifies and modifies swear words and offensive phrases, replacing them with more suitable

Nvidia Is Probably Done Investing in OpenAI and Anthropic, Says CEO—Why?

Nvidia CEO Jensen Huang indicated that the company is likely finished investing in AI startups like OpenAI and Anthropic. He explained that Nvidia's focus is shifting towards developing its own AI technologies rather than making further investments in external firms. Huang emphasized the importance of building proprietary AI

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SEC Moves to Settle Justin Sun Case With $10M Penalty for BitTorrent Owner

U.S. banking agencies say capital should be same for standard or tokenized securities

Roblox Is Now Using AI to Rewrite Chat Swears in Real Time

Nvidia Is Probably Done Investing in OpenAI and Anthropic, Says CEO—Why?