Day: May 29, 2023

Nvidia Unveils DGX GH200 Next-Generation AI Supercomputer at Computex 2023

Nvidia has announced that the DGX GH200 supercomputer should be ready by the end of 2023. Jensen Huang, Nvidia CEO, made some announcements about the company’s DGX GH200 supercomputer during his presentation at Computex, an annual computer expo held in Taiwan. He mentioned that the supercomputer is being created to assist companies in creating generative AI models. There has been a noticeable shift toward AI-assisted solutions provided by established and emerging tech companies due to numerous businesses integrating AI into their services. Unsurprisingly, the DGX GH200 will be involved in…

Ledger CEO says crypto key recovery service makes self-custody easier

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Hardware crypto wallet firm Ledger has faced harsh criticism from the crypto community after announcing its “Recover” service, which is an optional paid feature that will eventually allow users to back up and restore their private seed phrase. Due to concerns expressed about the security elements of Ledger Recover, the hardware wallet manufacturer decided to postpone the launch of its service. On May 23, Charles Guillemet, chief technology officer of Ledger, explained in a Twitter thread that Ledger will “accelerate our open-sourcing roadmap to bring more verifiability to everything we…

Reddit Collectible Avatars Has More Than 10M Users Now

There are currently a total of 9,909,465 million holders for the Reddit collectible avatars aka the Reddit NFTs. Just within 11 months since its launch in July 2022, Reddit Collectible Avatars have seen massive traction with more than 10 million holders of its collectible avatars. As per the data from Dune Analytics, there are currently a total of 9,909,465 million holders for the Reddit collectible avatars aka the Reddit NFTs. Of them, 7.7 million holders have been identified as single collective avatar holders. These are the holders that do not…

Wharton Professor Jeremy Siegel Says AI Surge Is Not Bubble Yet

The high demand for AI stocks has raised concerns about a possible bubble, as many investors are pumping funds into AI technologies. However, renowned economist Jeremy Siegel believes it’s not yet time for a bubble. Investors are placing big bets on the potential for artificial intelligence (AI) as the technology continues to boom. While some have expressed concerns about a possible bubble forming in the AI market, Jeremy James Siegel, a renowned economist, and Russell E. Palmer, professor of finance at the Wharton University of Pennsylvania, remain optimistic, stating that…

Fantom Launches Gas Monetization Feature with Incentives for Developers

The gas monetization functionality encourages a more inclusive and robust developer ecosystem on the Fantom platform. Blockchain protocol Fantom (FTM) announced on Twitter that it has released a gas monetization feature that will enable its developers to receive 15% of the gas commissions generated. With this groundbreaking development, Fantom is set to revolutionize the landscape of decentralized application (dApp) development and incentivize developers to build innovative solutions on its blockchain platform. Based on the data provided, Fantom’s current available funds for the program amount to 10,492 FTM. Out of the…

7 must-read books for aspiring tech entrepreneurs

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If you’re an aspiring tech entrepreneur looking for insights and inspiration to enhance your knowledge and skills, here are seven must-read books to consider: The Lean Startup by Eric Ries The acclaimed book The Lean Startup by Eric Ries has become a standard for budding tech entrepreneurs. Ries proposes the lean startup methodology, which emphasizes the value of experimentation, iterative development and ongoing learning in creating successful firms. The book presents a methodical method of entrepreneurship that questions conventional business methods. It helps business owners test their theories, confirm their…

There are now nearly 10 million holders of Reddit NFTs

Dune Analytics data shows that nearly 10m users own “Reddit NFTs” on Polygon, an Ethereum sidechain. Reddit NFT holders rising Released in July 2022, the customizable collection by Reddit, a social media platform, has gained significant traction. According to on-chain data, there are 9,947,410 Reddit non-fungible tokens (NFTs) holders. Of these holders, approximately 7.7 million are single collective avatar holders. These are holders with a single avatar and do not use multiple wallet addresses. The Reddit collectible avatar marketplace on Polygon features NFTs designed by independent artists and content creators within the…

Users accumulating stablecoins as bitcoin and crypto prices rally

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Data from Glassnode, a crypto intelligence provider, shows that there is a noticeable accumulation of BUSD, USDC, and USDT across top centralized exchanges like Binance and Coinbase. On May 29, the provider reveals that BUSD’s transaction volume recently hit a 1-month high of $1,067.80, suggesting that more users are using the token.. BUSD median transaction volume – May 29 | Source: Twitter This spike in activity is despite the uncertainty pertaining to BUSD’s future. Paxos, the…

Huobi to expand trading service into Hong Kong crypto market

Cryptocurrency exchange platform Huobi has announced the launch of Huobi HK, an initiative that aims to provide cryptocurrency trading services to users in Hong Kong.  According to the announcement on May 29, the platform aims to provide cryptocurrency trading services to users in Hong Kong, facilitating the buying, selling, and holding of mainstream cryptocurrencies such as bitcoin (BTC) and ethereum (ETH), along with other major cryptocurrencies listed on the independent index. Surce: Huobi on Twitter Hong Kong’s crypto-friendly policies and impending regulations With Hong Kong gradually implementing crypto-friendly policies since…