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Binance presents the top six continuously growing social engineering threats in 2023, along with the steps taken to prevent these occurrences. The methods of social engineering being used are constantly evolving alongside technology, making it challenging for users to identify and avoid them. New digital communication methods provide attackers with more avenues for exploitation.

Cybercriminals are increasingly using social messaging platforms to find victims and execute social engineering attempts. Attackers can disguise themselves as friends, colleagues, or officials by copying information from their accounts and other online profiles.

We have always maintained that effective security is collaborative, and the blockchain space is no exception. At Binance, we have found that our collaboration with the public sector and industry players globally complements our own efforts to build a safer ecosystem for our users. Equally important, however, is ensuring that users themselves are engaged in the process of protecting their assets, says Ilie Puca, Country Manager, Binance.

As these social engineering threats become more widespread, users must prioritize their digital security to protect their personal information. The most common tactics currently used include:

How Binance Prevents Social Engineering Scams

User protection is a top priority for Binance. As part of this, the company prevents social engineering scams by implementing robust security measures and consistently increasing user awareness of common methods.

Binance employs a wide range of security mechanisms, including multi-factor authentication, advanced verification processes, and continuous monitoring of suspicious activity on the platform.

Binance regularly collaborates with cybersecurity experts and law enforcement agencies to stay updated on emerging threats. By working together, industry players can develop proactive solutions to combat social engineering attacks.

Binance places a strong emphasis on user guidance, with education and prevention being the most effective solutions against social engineering attacks.

Excerpt from:

Binance: Six Growing Social Engineering Tactics and Useful ... - Business Review

Disclaimer: This article is sponsored content and should not be considered as financial or investment advice. Always do your own research before making any financial decisions. The opinions expressed in this article are those of the author and do not necessarily reflect the views of CryptoGlobe.

Recently, ATPBot announced that it now supports all Binance and Kraken users to implement AI automatic trading through API, providing users with more opportunities to trade cryptocurrencies. Say goodbye to subjective judgment and decision-making based on experience, and let each of your transactions be carried out on the basis of a high probability of winning. ATPBot exists to make investing easier, more efficient, and more trustworthy.

Have you heard of ChatGPT? Because it is changing the way we live and work. Its understanding is continuously improved through machine learning, providing unrivaled convenience and accuracy. As one of the most advanced language models, the capabilities of ChatGPT are simply amazing.

Facts have proved that artificial intelligence has the ability to process and analyze massive data, which has advantages in various fields. ATPBot is a typical example of artificial intelligence making significant contributions in the field of quantitative trading. Similar to ChatGPTs ability to understand and process natural language, ATPBot provides investors with a scientific, standardized and effective investment method in the world of AI quantitative trading.

ATPBot determines the timing and price of buying and selling by backtesting a large amount of data and algorithms, reducing emotional interference and human errors, while improving investment efficiency and stability, making it the ChatGPT of artificial intelligence quantitative trading.

ATPBot is a platform that focuses on AI quantitative trading strategy development and asset value-added management services. It uses the advantages of artificial intelligence technology to develop and implement quantitative trading strategies for users.

By analyzing market data in real time and using natural language processing to extract valuable insights from news articles and other text-based data, ATPBot can quickly respond to changes in market conditions and make better trades. Additionally, ATPBot uses deep learning algorithms to continuously optimize its trading strategies, ensuring they remain effective over time.

Compared with other trading bots on the market, ATPBot has unique advantages. Unlike many other trading bot platforms that rely only on predetermined parameters set by the trader, ATPBot employs extensively tested and proven trading strategies. Through rigorous historical data analysis and market analysis, ATPBot continuously adjusts strategies to minimize risks and losses. This is unlike other trading bots, which have no control over the trading process and often cause traders to lose money.

Additionally, ATPBot removes the confusion that novice traders may experience when confronted with the complexities of automated trading. Users do not need to spend countless hours manually testing different parameters or gaining expertise in chart and indicator manipulation. Because all strategies have undergone 1-3 years of data backtesting, and show the most complete backtesting data on the entire network. Can help users assess the potential risks and expected benefits of each strategy. Traders can protect their invested capital by choosing a strategy that matches their risk tolerance.

All in all, the simple interface and preset parameters make it easy to understand, even for individuals with limited trading experience. The advancement of technology has brought more investors the hope of extreme risk control.

1. World-leading Technology: Cutting-edge algorithms that combine multiple factors are adopted to find proper methods through complex data types.

2. Simple to Use: All strategies are ready-made that do not require tuning. All you need to begin running a strategy is just a simple click.

3. Millisecond-level Trading: Real-time market monitoring to capture signals and millisecond-level response for quick operations.

4. Ultra-low Management Fee: A permanent one-time payment.

5. Security and Transparency: All transactions are processed by the third-party exchange Binance; ATPBot has no access to your funds and we are committed to providing maximum protection for your security.

6. 24/7 Trading: AI trades 24/7 automatically, and you can get trades executed even when you are sleeping at night.

7. 24/7 Service: One-on-one service; Fix your issues quickly.

Experience the most powerful AI trading strategy in three simple steps.

1. Register ATPBot.

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You can experience an unparalleled trading experience, bringing results through mature trading strategies and professional investment management.

In addition to its platform functionality, ATPBot also boasts a professional Discord community consisting of numerous quantitative trading researchers and practitioners. Within this space, users can interact with quantitative trading enthusiasts from around the world, sharing experiences and ideas. The community offers professional guidance on market trends, market analysis, and trading techniques, helping users advance further on the path of quantitative trading.

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ATPBot now supports Binance and Kraken exchanges, Allowing ... - CryptoGlobe

This story comes from GG. Your Web3 Gaming Power-Up Discover GG

Cryptocurrency exchange Binances venture capital and incubation arm Binance Labs has invested $15 million into blockchain game publisher Xterio, the firm announced Wednesday.

Xterio bills itself as a free-to-play-and-own game developer and publisher, meaning that its embracing the dominant free-to-play gaming model, but will also offer players the ability to earn NFTs by playing its games.

We believe that blockchain technology makes for a better gaming experience, Xterios website reads. And player ownership is a key aspect of every Xterio game.

The startup is currently supporting the development of 11 games listed on its website, ranging from mobile Japanese role-playing games (RPGs) like Blackdawn to massively multiplayer online (MMO) PC games like Blocklords and the RPG Abyss World.

Xterio also appears to be taking a multi-chain approach to blockchain games, as Blocklords will launch its crypto elements on Polygon while Abyss World has set its sights on the recently launched Sui blockchain.

Xterio said that it will use the funds for game and technology development, as well as exploring potential artificial intelligence (AI) integrations into its titles.

Xterio is currently developing an emotion engine for artificial intelligence, said Binance Labs. Xterios AI toolkit also aims to generate 2D and 3D game assets for developers. The startup is also using its AI tech to develop digital companion game AIpal, which is slated to launch a closed beta later this year.

Last August, Xterio raised $40 million in funding from investors like FunPlus, XPLA, and the now-defunct FTX Ventures. Early this year, Xterio itself invested $2.5 million in Overworld, a multiplayer RPG game studio helmed by Xterio co-founder Jeremy Horn, which is developing its namesake title.

Binance Labs investment enhances our ability to launch a transformative ecosystem token and high-quality games, said Xterio co-founder Michael Tong, in a statement.

Asked if crypto gaming was a main area of focus for Binance Labs, a spokesperson told Decrypt that the firm [believes] that blockchain gaming is a key area for application layers.

While Binance itself is a crypto exchange that offers many tokens as well as its own BUSD stablecoin and the BNB token, Binance Labs told Decrypt that its investments are chain and sector agnostic.

Binance Labs said it supports traditional game developers and studios moving into the blockchain gaming space, citing its investments in game studio Gomble as well as Xterio.

Read the original here:

Binance Labs Invests $15 Million in Crypto Game Publisher Xterio - Decrypt

Missed the GamesBeat Summit excitement? Don't worry! Tune in now to catch all of the live and virtual sessions here.

Binance Labs, the venture capital and incubation arm of Binance, has committed $15 million to Xterio to boost its Web3 game platform with AI technologies.

Xterio is an operating company and strategic partner for Binance. Xterio aims to bridge free-to-play games and blockchain gaming with in-house and third-party games currently in development. The investment from Binance Labs will help Xterio expand its game development capabilities by integrating AI and launching its tokens.

Xterios founding executive team has experience in tech, Web2 gaming, and entertainment companies, such as FunPlus, Ubisoft, Krafton, Jam City and NetEase. The investment is going into the operating company, Xterio, and not the Xterio Foundation. Xterio has 80 employees.

The team has a lot of expertise in creating and maintaining high-grossing, free-to-play social games on PC and mobile. Binance Labs will support Xterios growth, and Xterios token will become part of the BNB Chain ecosystem as part of the long-term strategic partnership.

Xterio said its ecosystem is growing rapidly, with a diverse suite of cross-platform games scheduled to be released on PC and mobile. The ecosystem will also feature digital collectibles distributed via Xterios web platform and marketplace. Xterio caters to a wide range of gamers with games such as Overworld; the strategic depth of Age of Dino; and intense action through 3T.

Xterio plans to utilize the investment to expand its AI capabilities, develop AI-driven interactive experiences, and resolve AI provenance issues in Web3.

Currently, Xterio is in the process of developing an AI toolkit that generates style-consistent, production-quality 2D and 3D assets while also offering an emotion engine for artificial intelligence. This technology will be accessible to all content partners within the Xterio ecosystem, aiming to provide users with meaningful companionship that goes beyond the utility typically associated with AI.

This significant capital commitment affirms Binance Labs long-term view of Web3 gaming and recognizes Xterio as a top-tier, globally impactful Web3 game platform, said Michael Tong, cofounder of Xterio, in a statement. Binance Labs investment enhances our ability to launch a transformative ecosystem token and high-quality games. In partnership with Binance Labs, we envision unlimited potential and aim to reinforce our position as a leading Web3-focused publisher with a global reach, utilizing our East and West teams.

Xterio Foundation was founded in Switzerland with a council and a team of technology and entertainment leaders with deep free-to-play games experience. Its mission is to develop, publish, and distribute high-quality Web2 and Web3 games and interactive entertainment.

Binance Labs has grown to be worth over $9 billion and has a portfolio that covers 200 projects from over 25 countries across six continents.

The Xterio ecosystem is expanding faster than ever and bridges free-to-play genres with on-chain gaming enhanced by AI capabilities, said Yi He, cofounder of Binance and head of Binance Labs, in a statement. The Xterio core team brings together experienced Web2 professionals with Web3 expertise, we look forward to closely working with them to allow gamers around the world to experience rich on-chain gameplay.

GamesBeat's creed when covering the game industry is "where passion meets business." What does this mean? We want to tell you how the news matters to you -- not just as a decision-maker at a game studio, but also as a fan of games. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy engaging with it. Discover our Briefings.

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Binance commits $15M to Xterio to boost Web3 game platform with AI - VentureBeat

The US dollar has become expensive on Binance.US since it lost its banking partners last month, with fiat pairs for cryptocurrencies trading at nearly 8% discount.

In effect, the US dollar has depegged from the stablecoins the opposite of what usually wracks crypto nerves.

Liquidity lower than demand has apparently pushed USD prices higher on Binance.US. Just 0.93 of a pegged stablecoin like tether (USDT) or USDC will get you one whole US dollar on the platform.

That means a whole US dollar would fetch 1.078 USDT, rather than one flat. US dollar values began rising around June 20 after fiat deposits and withdrawals were shut down.

Over at Coinbase, the US dollar trades at a cool one whole stablecoin. Top stablecoins have not varied greatly from their pegs on any other platform, at least not since Circle dropped to $0.94 in March, as the brief US banking crisis struck Silicon Valley Bank.

So, its clear that US dollars have become popular on Binance.US after it halted over-the-counter trading and suspended US dollar deposits and withdrawals in early June.

With the dollar trading at a premium, Binance US crypto prices are all out of whack.

Buying bitcoin (BTC) with USD? Youll pay just $27,900 for a whole one, but if youre buying with tether, youll fork out more than 30,800 USDT the same price reflected across crypto markets.

Similar discrepancies appear in Binance.USs dollar markets, including those for ether (ETH), cardano (ADA), polygon (MATIC) and dogecoin (DOGE).

CoinGecko reports many Binance.US dollar markets are much shallower than their stablecoin counterparts.

About $2 million in BTC-USD volume has been traded on Binance.US over the past day, and about $1.6 million in USD-USDT. A Binance US spokesperson did not immediately return a request for comment.

Binance.US initially warned it could halt all USD trading pairs June 13, pending a potential asset freeze requested by US regulators.

Any USD balances were to be converted to stablecoins after June 15. Neither outcome came to pass after striking a deal with the SEC.

Price differences like these normally present opportunities for arbitrage exploiting market variances for profit.

But to do so would take bringing in US dollars, acquired for $1, to sell at a markup on Binance.US. Thats currently impossible as users can no longer deposit or withdraw fiat.

Binance.US has struggled with odd pricing for months now. In May, BTC and ETH traded at more than 3% premium compared to rival platforms due to poor liquidity.

That gap closed within about two weeks, although the current situation may last much longer.

Updated Jul. 10, 2023 at 11:41 am ET: Corrected exchange rates.

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US dollar shortage drives down bitcoin, ether prices on Binance.US - Blockworks