Rapid advances in artificial intelligence create unique safety challenges. Can skills and approaches honed by the crypto community make AI safe for humanity? Source
How Crypto Can Help Secure AI
Month: May 2023
Ex-Sushi CTO Led NFT Lending Platform Astaria Rolls Out to Public
After months in a closed beta, the NFT lending platform has witnessed the highs and lows of its competitors in the space and aims to boost NFT market liquidity while protecting the interests of lenders and borrowers. Source
Bitcoin holds strong as inflation causes chaos on UK markets
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In an in-depth analysis by the CryptosRUs YouTube channel, recent developments in the global cryptocurrency markets are examined against the backdrop of rising inflation in the UK and US and significant crypto initiatives in China. In recent weeks, UK and European markets have experienced a substantial sell-off following news that inflation has risen to an unexpected 6.8% – over half a percent more than anticipated. Simultaneously, the US grapples with a looming debt ceiling crisis, concerns…
South Korea Lawmakers Pass Law Requiring Officials to Disclose Crypto Holdings: Report
Lawmakers recently called for the Bill to take effect within two months. Source
EU Regulator Proposes to Curb Leverage in Crypto Trading Activities
The ESRB recommended restrictions on crypto firms’ lending to clients, especially for leveraged bets, and suggested higher collateral requirements for distributed finance products and stablecoins. On Thursday, May 25, an EU watchdog – the European Systemic Risk Board – recommended that European authorities should curb leveraged bets on digital assets by introducing limits for investment funds and exchanges. Over the last few years, with the growing number of market participants, crypto trading is getting quite popular among retail investors. As a result of this, leveraged bets have been in high…
Binance Introducing NFT Lending Capability
The new service, called Binance NFT Loan, “will allow people to use blue-chip NFTs to borrow crypto, starting with ETH, introducing the benefits of DeFi to the Binance NFT community,” Binance said in a press release. According to the platform, the tool offers competitive interest rates, instant liquidity, zero gas fees and liquidity protection. Source
Metalpha Secures $5M from Bitcoin Rig Manufacturer Bitmain for Grayscale-Based Fund
Metalpha is looking to raise $100 million for the Next Generation Fund I, which it has formed in partnership with NextGen Digital Venture Limited. As of the end of March, Metalpha has raised $20 million towards that goal. The fund invests in Grayscale products through structured derivatives, granting access to mainstays of digital asset portfolios in a way that is compliant with U.S. and Hong Kong laws. Original
Sam Altman’s Crypto Project Worldcoin Raises $115M From Blockchain Capital, A16z
Tools for Humanity, the team behind Worldcoin, has raised $115 million in a Series C funding round led by Blockchain Capital with participation from a16z, Bain Capital Crypto and Distributed Global. Worldcoin, a decentralized open source protocol, was co-founded by OpenAI CEO Sam Altman. Source
IoT Devices Can Now Connect to Both Helium Network and Amazon Sidewalk
The partnership will enable IoT solution providers to benefit from Amazon Sidewalk’s network and Helium’s network. Source
Stablecoin Issuer Stably Creates Dollar-Backed Token for Bitcoin Ordinals
The company’s first bitcoin-linked stablecoin will have to fare better than its other stablecoin products if it wants to succeed in the long term. Stably’s stablecoin in the ethereum ecosystem, called StableUSD (USDS) has only 752 holders and a market cap of $264,000, per etherscan – basically irrelevant when compared to market leaders Tether and USDC. Original