Day: May 23, 2023

Shutterstock Acquires Giphy from Meta at Fraction of Price

Shutterstock will acquire Giphy from Meta for $53 million in cash, complying with the UK regulator’s order to divest the animated-images platform due to competition concerns. Shutterstock, an American provider of stock photography, footage, music, and editing tools, has announced the acquisition of Giphy Inc, the popular animated image platform owned by Meta Platforms Inc. According to the statement, Shutterstock is acquiring Giphy at an incredible discounted price of $53 million, as Meta had paid $400 million for the platform in 2020. The purchase is being carried out in response…

Bitcoin surpasses Solana to become second most popular NFT blockchain

The monthly trading volume of nonfungible tokens (NFTs) and memecoins on Bitcoin in May surpassed Solana’s volume, according to data from CryptoSlam.  Bitcoin ordinals trading volume currently stands in second place behind Ethereum, which did $393 million in NFT volume, more than twice that of ordinals on Bitcoin (BTC) in 30-days starting April 23. Bitcoin gained a significant lead over popular blockchains like Polygon, ImmutableX, BNB Chain and Solana during this period. According to a Dune dashboard by BRC-20 token standard creator Domo, BRC-20 token transactions accounted for the majority…

The Bitcoin Mining Debate Is Ignoring the People Most Affected

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New York, along with Texas, has become a hotspot for that debate, and Greenidge has become an unlikely poster child. Though other mining facilities, such as Riot Platforms’ center outside of Austin, Texas, have played bigger roles in the bitcoin mining debate, Greenidge occupies a prominent spot in discussions in Albany (New York’s capital city) and Washington, D.C. Original

Solana integrates AI into blockchain, raises grants fund to $10M

On May 23, the Solana Foundation, a nonprofit dedicated to maintaining and developing the layer-1 Solana blockchain, announced that it has integrated artificial intelligence (AI) using a ChatGPT plugin developed by Solana Labs.  As told by developers, the ChatGPT plugin is available for download from GitHub and will “make it easier to understand Solana data and protocols, or surface data about Solana’s computing infrastructure and DeFi projects.” Current functions for the plugin include purchasing nonfungible tokens (NFTs), transferring tokens, inspecting transactions, interpreting public account data and finding NFT collections by…

EU Banks Could Access Stablecoins More Easily Under Commission’s Leaked Capital Plans

“The uncertainty and conservatism inhibits deal-making in the short term, much of which is to pilot, test and improve banks’ experience and understanding of this market in a controlled manner,” Sahir Akbar, managing director of prudential regulation at lobby group the Association for Financial Markets in Europe (AFME), said of the commission’s plans in a statement emailed to CryptoX. Source accessBanksCapitalCommissionseasilyLeakedPlansStablecoins CryptoX Portal

Apple Partners with Broadcom to Develop USA-Made 5G Components

Given the significance of 5G technology in the advancement of consumer electronics and connectivity, Apple said it is spending tens of billions of dollars to develop this field in the US. Popular US tech giant Apple Inc (NASDAQ: AAPL) said it has signed a multibillion-dollar agreement with Broadcom Inc (NASDAQ: AVGO), a multinational semiconductor and infrastructure software firm to produce 5G components. Through the partnership, Broadcom will develop 5G radio frequency components, including FBAR filters, and advanced wireless connectivity components that will be utilized by Apple. Notably, the FBAR filters…