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Binance has unveiled an AI-powered NFT generator called Bicasso. The tool allows users to create custom NFTs by providing descriptive text prompts and optional background images. Bicasso then uses AI to generate unique digital artworks, which are minted on the BNB Chain. Bicasso was first launched in beta in March 2023 and quickly reached its full capacity, with over 10,000 NFTs minted in just 2.5 hours. The tool was praised by users for its ease of use and ability to create truly unique NFTs. Binance has since made Bicasso available to all KYC-verified users. The tool is still in beta, but Binance says that it is working to improve its performance and reliability. #bicass
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Influential US crypto industry leaders say SEC overstepped with Binance allegations. A group of influential US crypto industry leaders have written a letter to the Securities and Exchange Commission (SEC) criticizing the agency's allegations against Binance. The leaders argue that the SEC's investigation is based on a flawed understanding of the crypto industry.
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The intricate web of crypto scams: An advisory. The UK's Financial Conduct Authority (FCA) has issued an advisory warning investors about the intricate web of crypto scams that are operating online. The FCA warned investors to be wary of fake investment opportunities and to only invest in crypto projects that they understand.
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Smart traders turn to crypto perps to escape TDS on virtual digital assets. Indian traders are increasingly turning to perpetual contracts on crypto exchanges to avoid paying the 1% tax deducted at source (TDS) on virtual digital assets.
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Valkyrie halts Ethereum purchases for exchange-traded fund. Valkyrie Funds, which is launching a futures-based Ethereum ETF on Monday, has halted purchases of Ethereum to ensure that the ETF has enough liquidity to meet demand.
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