If history is a guide, the path of least resistance appears to be on the higher side. That said, litecoin and the broader crypto market remain vulnerable to adverse macroeconomic developments like liquidity tightening and the state of the global economy. Source
The “Big Tech” giant Apple, has restricted company usage of the widely popular artificial intelligence (AI) chatbot ChatGPT as it fears its sensitive data could be compromised. A report by the Wall Street Journal revealed that an internal document to Apple employees has banned the usage of Microsoft-backed ChatGPT and similar AI tools while the company is in the process of developing its own AI technology. According to the document, the iPhone developer is concerned about workers using the programs and exposing confidential company information. It also mentioned a restriction…
QuickSwap has become the latest DEX to integrate dTWAP for traders to cut down on the price impact of their orders. Leading Polygon decentralized exchange QuickSwap recently integrated dTWAP for DEXs. Powered by Orbs, dTWAP, the fully permissionless and composable DeFi protocol, will grant QuickSwap dragons access to its algorithmic trading strategy. This means that traders can lower the price impact of their orders without incurring additional costs. Meanwhile, besides dTWAP, QuickSwap dragons will also deploy Orbs – infrastructure for Limit Swap orders. Closer Look at QuickSwap – dTWAP Development The QuickSwap-dTWAP development follows…
The new Meta Training and Inference Accelerator (MTIA) chip shall specifically handle “inference”, an already-trained AI model that makes a prediction or takes action. For the very first time, Facebook parent Meta Platforms Inc (NASDAQ: META) publicly announced that it is working on custom computer chips which will help the company with its artificial intelligence and video processing tasks. Ahead of the virtual event on Thursday, May 18, Meta disclosed its internal silicon chip projects for the very first time while discussing the company’s AI technical infrastructure investments. Investors have…
Legislation that could require exchanges to maintain reserves “in an amount sufficient to fulfill all obligations to customers” has made it one step closer to becoming law in Texas. On May 15, the bill passed a vote in the state Senate and now awaits only the governor’s signature. Texas House Bill 1666, amending the Texan finance code, passed through the state’s House of Representatives earlier this year. After three readings in the Senate, the text of the bill hasn’t experienced any significant changes from the previous draft. Under the amendments,…
“By being integrated into the Opera browser suite, MultiversX is leveraging the potential of Web3 in a way that is accessible and familiar to users,” said Mincu. “It’s a significant step in creating a simplified, low-barrier entry point to the world of Web3 and blockchain assets, one that allows users to easily access the new digital economy without needing to understand the underlying complexities.” Source
DIBA also released a Bitcoin-only wallet in partnership with mining company Hut 8 Mining. Original
Australia’s stock market operator has decided to abandon its plans of rebuilding its software platform using blockchain technology, marking a significant rejection of the once-celebrated concept that gained prominence through its association with cryptocurrencies. The Australian Securities Exchange (ASX) caused frustration among market participants in November when it decided to “pause” the rebuild of its comprehensive trading, settlement and clearing software based on decentralized computing. An external review concluded that after seven years of development, significant rework was necessary. Following the initial pause, the company has indicated that it is…
Ripple, a leading crypto solutions company, has introduced the Ripple CBDC Platform, a comprehensive solution for central banks, governments, and financial institutions to issue their own central bank digital currencies (CBDCs) and manage the lifecycle of fiat currencies. Barely 24 hours after purchasing a controlling stake in Metaco, a Swiss-based firm specializing in tokenization and digital asset custody, Ripple, the fintech firm in charge of the XRP altcoin, has launched a new stablecoin and CBDC issuance platform. With over 90% of countries actively exploring CBDCs to enhance financial inclusion and…
Crypto needs to establish itself as a “brand-new” component of traditional finance, rather than try to squeeze itself into existing financial products, suggests the CEO of crypto exchange Bittrex Global. The company’s United States arm recently filed for Chapter 11 bankruptcy, announcing it intended to return customer funds and wind U.S. operations. It added it would not impact global operations. Speaking to Cointelegraph at Bitcoin Miami on May 18, Bittrex Global CEO Oliver Linch stated that in several places, including the United States, regulators tend to view crypto through the lens…