Ethereum layer 2 Starknet outlines performance upgrades

Layer-2 blockchain protocols have been in the spotlight in 2023, bringing major performance improvements to a variety of platforms and services operating in the Ethereum (ETH) ecosystem.  Zero-knowledge proofs have been key in the roll-out of a variety of layer 2s, with the technology pioneered by the decentralized scaling network Starknet. StarkWare, the technology firm behind the scaling platform, has outlined plans to further improve its layer-2 network to meet an expected increase in users and developers through the rest of the year. Cointelegraph caught up with Eli Ben-Sasson, president and…

What the Gensler hearing means for US crypto regulation and policy

Gary Gensler, the United States Securities Exchange Commission (SEC) chair, recently appeared before the U.S. House of Representatives Financial Services Committee for a hearing regarding his leadership of the regulatory agency.  The hearing, with Gensler as the only witness, promised to be unpleasant for the SEC chair, with the federal agency’s actions during Gensler’s leadership since spring 2021 coming under scrutiny. From the introduction by the committee chair, Representative Patrick McHenry, Gensler was under fire for the SEC’s perceived overreach and approach of regulation through enforcement. McHenry stressed that the…

Meta SEC filing reveals debt securities offering plans

Tech giant Meta, the parent company of Facebook, Instagram and WhatsApp, submitted a filing to the United States Securities and Exchange Commission (SEC) for new debt shelf offerings.  The Big Tech company filed the prospectus on May 1, saying that it “may, from time to time, offer and sell debt securities in one or more series.” The statement continued to say each time a debt security is sold, it will issue a new “prospectus supplement” containing the “specific terms of the debt securities offered.” Debt shelf offerings, or debt securities,…

Is Hollywood over? ETH founder on AI, Wes Anderson Star Wars, robot dogs with ChatGPT brains – Cointelegraph Magazine

Your biweekly roundup of cool AI stuff and its impact on society and the future. The past two months have seen a Cambrian explosion in the capabilities and potential of AI technology. OpenAI’s upgraded chatbot GPT-4 was released in mid-March and aced all of its exams, although it’s apparently a pretty average sommelier. Midjourney v5 dropped the next day and stunned everyone with its ability to generate detailed photorealistic images from text prompts, quickly followed by the astonishing text-to-video generation tool Runway Gen-2. AutoGPT was released at the end of…

FTX investor Temasek pours $10M into algorithmic currency system Array

Singapore’s government-owned investment firm Temasek continues investing in cryptocurrency projects even after losing hundreds of millions of dollars to the collapsed FTX crypto exchange. Temasek has invested $10 million in Array, the developer of an algorithmic currency system based on smart contracts and artificial intelligence. Announcing the news on May 1, Array said that the raise is its second funding round, which is believed to bring the firm’s valuation to more than $100 million. The new Temasek-backed algorithmic currency system aims to provide a more “stable, efficient and scalable” asset…

FTX investor Temasek pours $10M in algorithmic currency system Array

Singapore’s government-owned investment firm Temasek continues investing in cryptocurrency projects even after losing hundreds of millions of dollars to the collapsed FTX crypto exchange. Temasek has invested $10 million in Array, the developer of an algorithmic currency system based on smart contracts and artificial intelligence. Announcing the news on May 1, Array said that the raise is its second funding round, which is believed to bring the firm’s valuation to more than $100 million. The new Temasek-backed algorithmic currency system aims to provide a more “stable, efficient and scalable” asset…

Revolutionizing smart contracts and cryptocurrency

With the advent of readily available artificial intelligence (AI) applications such as ChatGPT, we are ushering in a new era of rapid improvements in blockchain-based smart contracts. This convergence of innovative technologies will transform industries and pave the way for unprecedented levels of contract development, automation and efficiency. Blockchain’s decentralized ledger technology powering cryptocurrencies like Bitcoin and Ethereum has gained widespread attention for its unparalleled ability to promote transparency and trust among network participants. Simultaneously, AI has made incredible strides in natural language processing (NLP), machine learning (ML) and data…

Bhutan has been mining Bitcoin with hydropower since BTC price was $5,000

Bhutan is bullish on Bitcoin (BTC). Following the revelation that the small Himalayan kingdom has been quietly accumulating crypto, the country is also mining Bitcoin. Moreover, the country of less than 800,000 people leverages green energy to power its Bitcoin mining operations. Known for its focus on “Gross National Happiness” and picturesque landscapes, Bhutan has found ways to harness its immense hydroelectric potential, which accounts for 30% of its gross domestic product. First reported in an exposé in local Bhutanese news and followed by inquiries from Forbes, Bhutanese officials confirmed that…

Web3’s impact on personalization, trust and engagement through time-honored strategies

The fusion of Web3 and classic one-to-one marketing is poised to significantly reshape the digital marketing domain. Taking cues from the influential book “The One to One Future,” Web3’s approach to marketing emphasizes building individual connections with consumers while utilizing decentralization, data ownership and state-of-the-art technologies. By incorporating principles from this pioneering work, Web3 equips marketers with the ability to craft deeply personalized campaigns, nurture community-building and bolster trust and transparency. We’ll examine real-world examples and data points, including Starbucks’ Odyssey Loyalty program and Salesforce’s foray into Web3, showcasing how…