Latest Bots News

  • Why is the ETC Price Steady Despite Risk of Further 51% Attacks?
    Why is the ETC Price Steady Despite Risk of Further 51% Attacks?
    Despite suffering its second 51% in a week, and major exchanges disabling deposit, withdrawal, and some trading services, Ethereum Classic is up 2% over yesterday. After suffering two major blockchain reorganizations over the past week, Ethereum Classic  (ETC) has seen its hash rate plummet — exacerbating the risk of further 51% attacks targeting the network. As a consequence of the ETC’s miner capitulation, the estimated cost of executing a 51% attack targeting Ethereum Classic using hash power rented from NiceHash has fallen from $12,000 per hour as of yesterday to less than $4,000, according to Crypto51. Despite this, the price has been unaffected by the apparent fragility of the network, with the crypto asset actually gaining more than 2% over the dollar since news of the second reorganization attack broke yesterday to currently trade for $7.21. Exchanges report $800M in 24-hour ETC volume  24-hour trade volume is up roughly 10% from the level posted only a few days before the first 51% attack, with orders continuing to execute across most top exchanges, including Coinbase Pro, Binance, Okex, Bitfinex, and KuCoin. The increase in trade activity comes despite the suspension of withdrawal, deposit, and margin funding services among a number of leading crypto exchanges.  ETC posts wishy-washy market signals The strength of ETC’s markets despite exchange’s having disabled wallet activity raises questions about whether algorithmic bots may be driving much of the current trade activity. In 2019 a report published by Blockchain Transparency Institute estimated that Ethereum Classic was among the three-most wash-traded crypto assets — with more than 80% of volume having been flagged as suspicious. Ethereum Classic miners capitulate After hovering between roughly five and six terahashes per second (TH/s) through July, ETC’s hash power dropped to approximately four TH/s over the past seven days after news of the initial 51% attack broke
  • Blockchain Bites: Bulls Reborn, Backrunning Bots, Bitmain Blowout
    Blockchain Bites: Bulls Reborn, Backrunning Bots, Bitmain Blowout
    Ethereum Classic was hit with another 51% attack and Instagram is seeing a proliferation of crypto scams.
  • DeFi Traders Are Gaming Ethereum for Higher Profits, Researchers Say
    DeFi Traders Are Gaming Ethereum for Higher Profits, Researchers Say
    DeFi trading bots create "walls of executions," resulting in higher rewards for Ethereum miners, higher profits for traders and higher fees for everyone.
  • How bots helped take $8 million from Ethereum’s biggest DeFi app
    How bots helped take $8 million from Ethereum’s biggest DeFi app
    A swarm of “hammerbots” may have helped hack the number one decentralized finance app on the blockchain.
  • OpenAI Bot Writes a Blog, Wows BitcoinTalk With ‘Intelligent’ Posts
    OpenAI Bot Writes a Blog, Wows BitcoinTalk With ‘Intelligent’ Posts
    OpenAI’s third-generation language prediction model wrote a 750-word review of itself, fooling many readers. Developer Manuel Araoz has played a practical joke online to demonstrate the potential of  artificial intelligence bots — by having a bot write an article about itself. According to a July 18 post on Araoz’s blog, AI development company OpenAI released GPT-3, the third generation of its language prediction model capable of creating “random-ish sentences of approximately the same length and grammatical structure as those in a given body of text.”  The blog entry provides practical information regarding how the technology could be used to impersonate well-known figures by simulating their writing styles — for example, Araoz used it to create a fake interview with Albert Einstein.
  • DeFi’s Fairness Questioned as ‘Super Users’ Dominate
    DeFi’s Fairness Questioned as ‘Super Users’ Dominate
    Super users on DeFi platforms soared 20% in Q2, while bot usage has also increased. Massive growth in decentralized finance over the past three months has been accompanied by  a big increase in the number of ‘super users’ who dominate the sector. Along with the prevalence of trading bots, it has raised questions over the fairness and openness of the DeFi ecosystem.
  • Gelato brings IFTTT-like bots to Ethereum mainnet
    Gelato brings IFTTT-like bots to Ethereum mainnet
    Developers can employ bots to help create and monetize dapps, particularly in DeFi.
  • EOSIO-Based Social Media Platform Voice Briefly Goes Live Ahead of Schedule
    EOSIO-Based Social Media Platform Voice Briefly Goes Live Ahead of Schedule
    Originally scheduled for launch in fall 2019, Block.one’s blockchain social media platform Voice briefly went live on July 3. Voice, a blockchain-based social media project developed by EOS creator Block.One, briefly went live one day before its scheduled launch. Based on the open source EOSIO protocol, Voice aims to use Blockchain technology to create a trusted social experience, free from bots and fake accounts.
  • Meet The Malware That Uses Bitcoin’s Blockchain To Update Its Army of Bots
    Meet The Malware That Uses Bitcoin’s Blockchain To Update Its Army of Bots
    An advanced malware is utilizing messages hidden within Bitcoin‘s blockchain transactions.