In addition to Uniswap V3 positions, Unbound is also expanding collateral support to LP tokens of relatively volatile asset pools, such as WETH-DAI. The version 2, however, will introduce price stability mechanisms (PSMs) that automatically liquidate or redeem loaned positions to ensure UND’s value remains stable and closely aligned with its intended $1 peg. Source
Alchemy’s new raise of $10 million was single-handedly funded by market maker DWF Labs. Singapore-based payments provider Alchemy Pay has taken its expansion efforts a bit further. Alchemy Pay raised $10 million in investment funding to reach a valuation of $400 million, according to a press release. Alchemy Pay Keen on Expanding Its Business For what it’s worth, Alchemy Pay has been focused on leveraging the crypto-friendly nature of South Korea to its fullest capacity. According to a recent statement by the firm, it aims to be at the forefront…
AWR, which is based in London, will become a market maker at one of Japan’s largest FX and digital assets exchanges, GMO Coin, a subsidiary of GMO Financial Holdings, AWR said. Market makers are entities tasked with providing liquidity on an exchange by creating buy and sell orders. Source
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According to Lowrey’s concise description on Amazon, he had advised several senior US executives on Bitcoin-associated regulations in the offices of the President, Secretary of Defence, and the Joint Chiefs of Staff. Amazon‘s best seller is a wordy academic paper on Bitcoin, written by the United States Space Force Major. “Softwar” expresses giant support for Bitcoin as potentially playing a major role on the world’s geopolitical stage as a military-grade solution for gathering information, and is conceptually far away from the monetary use of Bitcoin’s network today. The academic paper…
3 April 2023 Stephen Almond, Director of Technology and Innovation, leads the ICO’s team responsible for anticipating, understanding and shaping the impacts of emerging technology and innovation on people and society. News stories about the implications of generative artificial intelligence (AI) and large language models (LLMs) are reaching a climax, with almost two thousand academics and technology experts signing a letter last week calling for a six-month moratorium. LLMs (such as ChatGPT) and their use cases – from writing essays to powering chatbots or creating websites without human coding involved…
The 422,875 deliveries Tesla made for Q1 2023 surpassed the company’s previous record of 405,278 in Q4 2022. Tesla (NASDAQ: TSLA) has posted its Q1 2023 report on vehicle production and deliveries, setting a new company record. The EV manufacturing giant said it produced 440,808 vehicles and delivered 422,875 cars for the first quarter of 2023. Tesla’s deliveries are the closest sales approximation by the company and are not differentiated by individual model or region. Although Tesla set a new company record with quarterly production and deliveries, the Austin-based electric vehicle…
The lawsuit blames crypto exchange Binance and its affiliates for illegally promoting unregistered securities and also engaging in the activities of BNB burn. Crypto exchange Binance and its CEO Changpeng Zhao (CZ) is facing another set of difficulties in a high-profile legal challenge. Just a few days after the US Commodity Futures Trading Commission (CFTC) filed a lawsuit against Binance, the Moskowitz Law Firm, and Boies Schiller Flexner have also fined another class action lawsuit targeting the Binance chief along with other influencers such as NBA star Jimmy Butler, for…
Italy’s ban on conversational artificial intelligence (AI) ChatGPT sparked major controversy among the tech industry as well as in the country. The Italian Deputy Prime Minister Matteo Salvini expressed criticism that the block over privacy concerns seemed excessive. On Friday, following concerns raised by the national data agency about possible privacy violations and failure to verify the age of users, Microsoft-backed OpenAI took ChatGPT offline in Italy. This action by the independent agency marked the first instance of a Western country taking measures against a chatbot that operates on artificial…
Decentralized multichain digital wallet solution BitKeep Wallet has announced that it has surpassed 10 million users as of April. The platform has seen tremendous growth in recent months, with over 560,000 new users onboarded in March alone. The surge in users can be attributed to several successful campaigns with popular blockchains like Arbitrum and Sui. BitKeep’s Arbitrum campaign saw the successful launch of ARBK. This native token recorded 708,800 on-chain transactions and was airdropped to over 100,000 users participating in campaign-related tasks and activities. During the campaign period, ARBK was…