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At bitfolio.site, we’re here to break down major crypto news. Binance, the world’s largest cryptocurrency exchange, has announced the delisting of five tokens—Gifto (GFT), IRISnet (IRIS), SelfKey (KEY), OAX (OAX), and Ren (REN)—by December. This move has already triggered significant market reactions, with these tokens plummeting by nearly 40%.

Key Details of the Delisting

According to Binance’s announcement on Nov. 26, trading pairs for these tokens will be removed by Dec. 10. Key dates include:

• Nov. 27: Suspension of isolated and cross-margin borrowings for these tokens.
• Dec. 3: Closure of arbitrage strategies, loans, and futures positions.
• Dec. 11-12: Deposits will not be credited, and withdrawals will no longer be supported.
• Dec. 13: Tokens may be converted to stablecoins for users, though this is not guaranteed.

Why Were These Tokens Delisted?

Binance did not specify which standards these tokens failed to meet but highlighted its regular evaluation criteria, which include:

• Team commitment to the project.
• Quality of development.
• Trading volume and liquidity.
• Stability and resistance to attacks.
• Responsiveness to due diligence.

The delisted tokens have faced declining trading volumes. For instance, REN saw its activity drop from $34 million in March to $6 million in early November, while OAX fell from $101 million to just $468,000 over the same period. Such low activity indicates poor liquidity and adoption, both red flags for any crypto project.

Community Reaction

The delisting announcement has caused frustration among community members, particularly for Gifto (GFT). In a Telegram group, some users criticized the project developers for failing to provide updates or engage with the community.

What Should Traders Do?

If you hold any of the affected tokens, here’s what you need to know:

• Act promptly to withdraw or convert these assets before Dec. 12 to avoid complications.
• Monitor Binance’s updates closely for further details about stablecoin conversion options.

Binance’s Broader Context

This move underscores Binance’s effort to maintain a robust and secure trading environment. Currently, the exchange supports 386 tokens and 1,275 trading pairs, with a reported trading volume of $44 billion on Nov. 26, up nearly 20% over 24 hours.

For more crypto updates and insights, stay tuned to bitfolio.site, your trusted source for navigating the ever-changing world of blockchain and digital assets.

At bitfolio.site, we spotlight industry breakthroughs. Today, we’re looking into Uniswap Labs’ ambitious move to bolster security ahead of the Uniswap v4 launch. The company has announced a $15.5 million bug bounty program, touted as “the largest in history,” inviting researchers to identify vulnerabilities in the v4 core contracts.

What Makes This Bounty Program Unique?

Uniswap Labs is offering payouts ranging from $2,000 to a staggering $15.5 million. The highest rewards are reserved for uncovering critical flaws that require changes to the core contracts’ code. For comparison, previous records include a $14.82 million payout from Immunefi in 2021 and Google’s highest single payout of $605,000 in 2022.

Reward Breakdown

The bounty program classifies vulnerabilities into categories:

• Critical: Up to $15.5 million
• High Risk: Up to $1 million
• Medium Risk: Up to $100,000
• Low Risk: Discretionary payouts

These rewards extend beyond core contracts to vulnerabilities in other smart contracts, websites, backends, and wallet codes associated with Uniswap v4.

A Proven Track Record

This program builds on Uniswap Labs’ previous $2.35 million security competition for v4, where over 500 researchers participated without finding critical issues. The $15.5 million bounty represents an additional safeguard to ensure v4’s robustness.

Why This Matters

Uniswap’s initiative sets a new benchmark for security in decentralized finance (DeFi). By incentivizing collaboration with the global research community, the platform aims to enhance trust and reliability, paving the way for a secure v4 launch.

Stay tuned to bitfolio.site for more updates on the evolving landscape of DeFi and blockchain innovation.

Welcome to bitfolio.site, where we explore the latest in tech advancements. Today, we’re excited to announce the launch of Cortex, a groundbreaking decentralized AI model from the ASI Alliance. This innovative model is specifically designed to tackle industry-specific challenges in fields like robotics, biotechnology, and healthcare.

What Is Cortex?

Cortex is the first AI model released under the ASI: Train Initiative, which aims to deliver tailored AI solutions for specific industries. Unlike general-purpose AI, Cortex is built for precision, scalability, and context-aware problem-solving.

Key Features of Cortex:

• Targeted Applications: Specially designed for industries like manufacturing, autonomous delivery, and data-driven research.
• Decentralized Framework: Promotes collaboration and innovation by enabling industries to train, own, and build solutions using decentralized AI.
• Advanced Problem-Solving: Focuses on challenges that demand adaptive and specialized approaches.

Why It Matters

In a world dominated by centralized AI solutions, Cortex provides a fresh alternative. By decentralizing AI ownership, it allows organizations to:

• Train models tailored to their unique needs.
• Collaborate freely across sectors without restrictions.
• Avoid power concentration, ensuring AI development benefits everyone.

Humayun Sheikh, CEO of Fetch.ai and Chairman of the ASI Alliance, highlights that this shift reduces dependency on centralized systems, fostering broader innovation.

Industries Poised for Transformation

Robotics

The robotics sector is rapidly evolving, and Cortex’s capabilities are already attracting partnerships eager to leverage its inference power.

Biotechnology & Healthcare

These fields require vast amounts of data from multiple sources. Cortex enables seamless collaboration, driving breakthroughs in research, treatment discovery, and data utilization.

Gig Economy & Beyond

From autonomous systems to data-driven analysis, Cortex’s flexibility makes it an invaluable tool across diverse domains.

A Decentralized Vision

Cortex’s decentralized approach ensures that AI development remains accessible and fair. By implementing governance-based models, it prevents monopolization and encourages innovation across the board.

Other Milestones

The ASI Alliance isn’t stopping with Cortex. In collaboration with SingularityNET, they’ve introduced a self-learning proto-AGI system in Minecraft, showcasing AI’s adaptive potential. Dubbed AIRIS, this system is paving the way for advancements in robotics, automation, and smart technologies.

Stay tuned to bitfolio.site for more updates on cutting-edge tech and decentralized AI solutions.