Day: June 25, 2023

Amazon to invest $100M in generative AI center: Report

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Amazon’s cloud unit, commonly known as AWS, is building a $100 million solution to catch up with Microsoft and Google in the market for generative artificial intelligence. According to Bloomberg, the upcoming AWS Generative AI Innovation Center will connect Amazon experts in AI and machine learning with clients seeking to build applications based on the latest technologies. In generative AI, algorithms are used to create new content, such as audio, code, images, texts, simulations, and videos. Amazon said Highspot, Twilio, Ryanair and Lonely Planet will be among the first users…

Bitcoin price above $30,000, DigiToads presale demand rising as TOADS rally

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The cryptocurrency market has recently been bullish, forcing prices higher across various digital assets. Comments from Peter Brandt, a trader, have reinforced this positive market movement. On Twitter, Brandt predicts bitcoin’s continued dominance over altcoins. There is currently much optimism in the crypto world, and one project that has caught people’s attention is DigiToads (TOADS). This new platform has gained the interest of investors, who see it as a promising investment opportunity. With the official launch approaching, there…

Crypto hacker gets 5 years in prison after stealing $794,000

A British hacker, Joseph O’Connor, aka the PlugwalkJoe, has been sentenced to five years in a United States prison for stealing $794,000 worth of crypto through a SIM swap attack. The SIM swap attack case O’Connor was initially arrested in Spain in July 2021 for his involvement in a SIM swap attack on a crypto exchange executive in 2019. He was later extradited to the United States on April 26, 2023. In May, he pleaded guilty to several charges, including conspiracy to commit computer intrusions, wire fraud, and money laundering.…

Notorious Hacker PlugwalkJoe Sentenced to Five Years for Cryptocurrency Theft and Twitter Hack

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British hacker Joseph O’Connor, widely known as PlugwalkJoe in the online realm, has been sentenced to five years in a United States prison. O’Connor’s conviction stems from his involvement in a high-profile cryptocurrency theft, where he managed to steal approximately $794,000 worth of digital assets through a SIM swap attack on a cryptocurrency exchange executive back in April 2019.   The renowned hacker was apprehended in Spain in July 2021 and was subsequently extradited to the United States on April 26, 2023. In May, he pleaded guilty to an array…

LUNC developers submit proposal for liquid staking on Quicksilver

Terra Luna Classic (LUNC) developers have submitted a joint governance proposal to the community and validators that will introduce liquid staking derivatives with the Quicksilver network. The proposal incorporates multiple interchain account (ICA) host message types for integrating QuickSilver. It has garnered positive feedback from the LUNC community, paving the way for potential advancements in the token’s ecosystem. Titled “Allow Various ICA Host Message Types (For QuickSilver),” the proposal was presented to Commonwealth by developer Parker Lowe, who also took to Twitter to generate awareness and gather community attention. The document bears…

AAVE spikes 27%, whale accumulating ahead of GHO stablecoin mainnet launch

AAVE, the native governance token of Aave, a decentralized, multichain, and non-custodial lending and borrowing protocol, is up 27% as of June 25. The explosion of AAVE prices follow a lull and under-performance in the second half of the week when bitcoin and ethereum prices edged higher on improving trader sentiment and increasing institutional interest in some assets. AAVE pumping, whale accumulating When writing on June 25, AAVE is changing hands at $71, up 27% in the last 24 hours. Moreover, bulls have reversed all losses registered in June when prices plunged…

Over 25.5 million ethereum staked, more ETH holders withdrawing from exchanges

Ethereum (ETH) prices are roughly 18% from June 2023 lows at the back of increasing ETH staking and massive withdrawals from centralized cryptocurrency exchanges like Binance and Coinbase.  As of June 25, ETH is changing hands at $1,912, steady in the past two days but trading within a bullish formation following sharp gains this week.  Further buoyed by fundamental factors, traders are confident that there could be more price gains above immediate liquidation levels, including April 2023 highs at $2,100. More ethereum staked According to Etherscan data, there have been over…

Terra Allies’ Six Samurai team aims to revive the ecosystem

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After a joint governance proposal on liquid staking derivatives in Terra Classic (LUNC), a new proposal emerged for the next quarter suggesting the formation of a dedicated team consisting of six senior full-stack engineers. The Terra Allies senior full stack engineering team — known as the “Six Samurai” — has presented their Q3 spend proposal, emphasizing their deep passion as LUNC holders. With a firm commitment to achieving “a true revival of the ecosystem,” the team pledges to dedicate their efforts and expertise toward this goal. Terra was originally an…

Terawulf, a bitcoin miner using nuclear power, releases update; benefiting from low electricity costs

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent statement, Terawulf announced its bitcoin mining update months after launching a first-of-its-kind nuclear-powered Nautilus facility in the United States. Terawulf electricity costs advantage According to Terawulf, they actualized their goal of adding an extra 8,000 rigs to increase its capacity and currently accommodates 16,000 self-miners while running on 50 MW of power in a five-year agreement with the power generator.  At the same time, they delivered a gross margin of 63%. However, at…