Month: May 2023

From the Field to the Blockchain: Cryptocurrency’s Impact on Sports

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The cryptocurrency sector has spread globally within a short time. The crypto sector was touted as the next big thing in its early years. However, not even the most ambitious executives would have predicted that the growth would be that rapid. Nowadays, Cryptocurrencies such as Bitcoin have permeated into nearly all industries, including the sports industry. The sports and crypto industries have maintained a close relationship recently. Perhaps it is because the sports industry was not too scared to try the new technology, even as other industries remained skeptical. The…

Injective releases Avalon upgrade, INJ prices rally 14%

Injective protocol, the decentralized derivatives trading exchange, has activated the Avalon upgrade on the mainnet. In response, INJ, the protocol’s native token, is up 14.4% in the past 24 hours and is one of the top performers, surpassing bitcoin (BTC). Enhancing Injective’s capabilities The Avalon upgrade improves the DEX’s performance, scalability, and user experience. Enhancements include the implementation of layer-1 scalability optimizations, improvements which the protocol say will improve speed and transaction efficiency enabling a smooth trading experience.  The upgrade also sets the base for sub-second block times. This could…

MediaTek & Nvidia Partner to Enhance User In-Cabin AI Experience in Affordable & Luxurious Automobiles

Leading chipmakers MediaTek and Nvidia recently combined resources to “offer a truly unique” in-cabin AI experience in automobiles.  Taiwan’s MediaTek Inc has partnered with US chip-manufacturing giant NVIDIA (NASDAQ: NVDA) to bring enhanced AI tech to automobiles. The partnership seeks to revamp in-car experiences with software-defined, smart cabin solutions using Nvidia’s GPU chiplets. The joint artificial and accelerated computing offerings would be available in a broad vehicle class range, from entry-level to premium automobiles. Executives Comment on MediaTek-Nvidia AI Infotainment Experience for Automobiles MediaTek CEO Rick Tsai and NVIDIA founder and CEO Jensen Huang…

Gemini and Genesis File Motion to Dismiss SEC’s Lawsuit against Earn Program

The outcome of the SEC’s lawsuit against Gemini and Genesis is expected to have significant implications for the crypto industry and its evolving regulatory landscape. Gemini crypto exchange, and Genesis, an insolvent crypto lender, have jointly filed a motion in US federal court, seeking the dismissal of the complaint filed by the United States Securities and Exchange Commission (SEC) complaint against the Earn Program. The SEC alleges that the Earn Program, operated by both firms, violates Federal Securities laws by offering unregistered securities to investors. According to a lawsuit filed…

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…