Search Results for: Tom Lee

Gleen, a California-based chatbot service, raised $4.9 million in funding, attracting investors from both traditional software and crypto sectors. The firm focuses on blockchain infrastructure channels on Discord, with a proprietary machine-learning layer combating the issue of ‘hallucination’ in artificial intelligence systems and providing accurate data storage and retrieval.

Likou, a town in China’s Jiangsu Province, aims to become a “demonstration town” for the digital yuan, following a pact with the Postal Savings Bank of China. The project’s objective aligns with China’s intent to use the digital yuan to address its unbanked population, with the town also expected to adopt green and smart city technology.

“Hedera Hashgraph’s HBAR token sees over 15% surge following the inclusion of Dropp, a Hedera-based micropayments platform, on the FedNow. HBAR’s unique use of hashgraph consensus permits over 10k transactions every second. Its growth also aligns with a 288% jump in daily active accounts and a notable spike driven by non-fungible tokens (NFTs).”

Hive Blockchain, a major Bitcoin mining farm, recently announced its ambition to extend customer access to its data centers, offering enhanced privacy for training large AI language models – distinctly setting it apart from rivals such as OpenAI’s ChatGPT. The company’s shift towards GPU rentals for AI training questions the traditional understanding of mining operations and its long-term viability.

DeFi protocols on the Fantom ecosystem are taking precautionary steps due to Multichain’s mounting bridge crisis and absent CEO. Almost 40% of cryptocurrencies on Fantom arrived through Multichain’s bridges, highlighting the importance of stabilizing this infrastructure to prevent potential decrease in value or isolation of wrapped assets.

South Korea’s central bank is collaborating with the Bank for International Settlements for a test run on wholesale central bank digital currencies (CBDCs) seeking to assess the feasibility of setting South Korea’s future monetary framework based on CBDCs. The test project focuses on the CBDC’s efficiency as a settlement asset and its programmability potential.

“Trading bots in cryptocurrency markets can significantly ease trading burdens by automating 24/7 operations. However, they lack human intuition vital for sudden market shifts. Thus, human oversight and periodic manual intervention remain imperative for maintaining balanced operations and effective trading strategies.”

“The future of Bitcoin mining focused on sustainable development and increased efficiency at the World Digital Mining Summit. The new Antminer S21 and S21 Hydro ASIC miners were unveiled, showcasing impressive performance. As Bitcoin mining becomes more challenging, the industry is shifting towards efficiency and renewable energy sources. Despite Bitmain’s complicated history, the S21’s impact depends on its reliability, availability, and pricing.”

“Core Scientific announced a multimillion-dollar deal with Bitmain, including $23.1 million worth of mining servers and a $53.9 million investment into their shares. The funds aim to boost the North American mining sector, balance Bitmain’s operations, and expand Core’s fleet in preparation for Bitcoin’s next halving. The partnership also demonstrates resilience amidst Core Scientific’s bankruptcy case.”

BTSE, a digital assets exchange, has launched a crypto payments card allowing users to convert crypto-to-fiat for purchases online or offline across Mastercard’s network. The card, named the BTSE card, is seen as a substantial advance in practical cryptocurrency use. By supporting a variety of digital assets, it pushes the envelope towards universal crypto acceptance.

“In response to a bug that caused Paxos to drastically overpay transaction fees, Bitcoin mining entity F2Pool demonstrated the cooperative nature of the seemingly adversarial crypto network by refunding the excessive fee. This situation emphasizes the human factor in blockchain technology, underlining the necessity for efficient operations, and providing insight into the dynamics of the Bitcoin ecosystem.”

“Shopify’s integration of Solana Pay, a payment protocol built on the Solana blockchain, enables users to make purchases using USDC – bridging the gap between crypto wallets and online retail. However, despite its convenience, this brings a new layer of complexity for consumers with a steep learning curve.”

“Hive Blockchain shifts its focus to artificial intelligence as Hive Digital Technologies, while remaining committed to Bitcoin and crypto mining. The company envisions AI and blockchain jointly promoting the development of Web3, potentially enhancing user privacy and data ownership.”

Nova Labs, a blockchain startup, revealed plans for a $5 monthly phone plan using 5G hotspots owned by individuals and businesses. This service aims to disrupt the telecom industry, supported by the startup’s Helium Network which rewards hotspot owners with crypto tokens for data provided to customers.

“Telegram crypto bots are gaining traction with daily volumes of trades exceeding $10 million in July, according to Binance Research. Despite surge in activity, potential users should approach with caution due to potential security risks linked to asset safety and smart contracts.”

Reddit’s new avatar series reflects its commitment to the blockchain digital art space, introducing anti-bot measures for a streamlined user experience. Amazon deepens its Web3 involvement by integrating new blockchain tools into its platform. However, Meta’s new Threads social app falls short for crypto strategists, highlighting the fleeting nature of crypto trends. Overall, the blockchain landscape showcases advancement, resilience, and challenges in the future of technology.