Day: June 14, 2023

Adidas Teams Up with Popular Digital Artist FEWOCiOUS for NFTs Linked to Sneakers

The Adidas Originals x FEWOCiOUS collection will include an NFT along with an artist-designed physical Adidas Originals Campus 00’s sneaker. On Tuesday, June 13, global apparel and footwear giant Adidas announced entering a partnership with popular digital artist FEWOCiOUS for a physical sneakers collection, to be sold through an NFT redemption pass. This is yet another step from Adidas to deliver deeper into the world of digital collectibles and keep on the competitive pace with its rival Nike. As per the announcement, Adidas will collaborate with FEWOCiOUS in order to…

Google Postpones Launch of Bard Chatbot in EU Over Privacy Concerns

According to Irish watchdog DPC, Google has not provided enough information about Bard and specifically about how its generative AI tool ensures Europeans’ privacy. Tech giant Google LLC (NASDAQ: GOOGL) has been forced to postpone the launch of its Google Bard chatbot in the European Union following the ban from Irish Data Protection Commission (DPC). The latter cited privacy concerns to explain its decision. According to DPC, Google has not provided enough information about Bard and specifically about how its generative artificial intelligence (AI) tool ensures Europeans’ privacy. In other words, Google…

AMD Announces New AI Chip Positioned to Challenge Nvidia’s Market Control

A notable difference between AMD’s MI300X and Nvidia’s H100 is the storage facility. While the AMD AI chip can use up to 192 GB of memory, Nvidia’s chip supports 120 GB.  American multinational semiconductor company AMD (NASDAQ: AMD) has announced a new AI chip that is positioned to challenge its rival Nvidia (NASDAQ: NVDA). The company announced on Tuesday that MI300X is its most-advanced GPU for artificial intelligence. It added that the chip will begin to ship to some customers later in the year. While on an earnings call in…

BTC Market Skews Bearish as Analysts Anticipate ‘Hawkish’ Fed Rate-Hike Pause

“The consensus is for the hawkish skip, so the bar might be quite high for Jerome Powell to out-hawk the market,” Brickell told CoinDesk. From a communication perspective, I think it’s difficult to sound too hawkish when you’re taking a pause, so my bias would be that it’s interpreted as more dovish relative to expectations Rates [yields] then, I think, drift lower and BTC rallies, but I’m not expecting it to trigger a big move.” Source

Hinman Documents Prove Why SEC Has No Business Regulating Digital Assets, Says Crypto Lawyer

The documents might help the likes of Ripple, Coinbase and other businesses that have had a run-in with the SEC. The highly-anticipated Hinman documents have finally been unveiled and made available to the public. However, the contents therein may just have revealed why the United States Securities and Exchange Commission (SEC) should not be the agency overseeing digital assets. The documents, which were unveiled on Tuesday, contained some of the past views of the former director of the corporate finance division at SEC Bill Hinman. According to a 2018 speech…

AMD reveals new AI chip challenging Nvidia’s dominance

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Advanced Micro Devices Inc (AMD) on Tuesday, June 13, gave new details about an artificial intelligence (AI) chip that will challenge market leader Nvidia Corp. The California-based AMD said its most-advanced graphics processing unit (GPU) for AI, the MI300X, will start trickling out in the third quarter and be followed by mass production beginning in the fourth quarter. AMD’s announcement represents the most substantial challenge to Nvidia, which currently dominates the market for AI chips with over 80% market share. GPUs are chips used by firms like OpenAI to build…

Fanatics Holds Second Investor Day as It Gears Up for IPO

During the second investor day within a year, Fanatics delivered presentations explaining its future growth strategy to over 100 prospective institutional investors from big firms such as Barclays and Goldman Sachs. Fanatics, the world’s leading provider of licensed sports merchandise, recently conducted its second investor day within a year as the company takes quiet steps while moving closer to an initial public offering (IPO). Sources familiar with the matter said that more than 100 prospective institutional investors from big firms such as Barclays and Goldman Sachs met on Tuesday, June…

Ripple welcomes MiCA regulation as US lawsuit highlights lack of clarity

Cryptocurrency payments service provider Ripple continues to see global adoption of its payment services despite a long-winded legal battle with the United States Securities and Exchange Commission (SEC) over its XRP (XRP) token. In a wide-ranging interview with Cointelegraph at Money 20/20 in Amsterdam, Sendi Young, Ripple’s managing director for Europe and the United Kingdom, unpacked the firm’s growing remit worldwide, despite ongoing regulatory scrutiny in the United States. Cryptocurrency exchanges and businesses have clashed with U.S. regulators over the past year, with a lack of regulatory clarity threatening to stifle…

Crypto Industry Destined to be Bitcoin Focused After SEC Actions: MicroStrategy Founder Michael Saylor

Saylor’s MicroStrategy began buying bitcoin in 2020 while calling the cryptocurrency a million times better store of value than gold. The company now holds approximately 140,000 bitcoin worth about $4 billion. In March 2023, Saylor lost a bid to dismiss claims that he failed to pay personal income taxes, interest and penalties due for Washington, D.C. However, the court dismissed claims that Saylor and MicroStrategy had conspired to violate the law. Source

Jack Dorsey-Backed Damus App to Suspend Tipping Feature as App Store Threatens Removal

Damus has announced it will remove the zaps feature that allows users to tip, following potential dismissal from the App Store. Decentralized social app Damus has said that Apple may take the platform of its App Store. According to the Jack Dorsey-backed app, the App Store may remove Damus within 14 days unless the app eliminates some specific in-app payments. Damus posted a tweet on Tuesday which contained screenshots of the app review from Apple’s App Store. The social messaging app allows users to exchange tips via Bitcoin using the Lightning…