The layer 2 blockchain pioneered by Nasdaq-listed crypto exchange Coinbase has detailed the security testing taken ahead of its public launch later this year. Source
Coinbase's Base Prepares for Mainnet Launch With Slew of Security Audits
Month: June 2023
Inflection AI raises $1.3B in funding led by Microsoft and NVIDIA
On June 29, Palo Alto-based Inflection AI announced the completion of a $1.3 billion raise led by Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt, and NVIDIA. The new capital will be partly allocated to building a 22,000-unit NVIDIA H100 Tensor GPU cluster, which the company claims is the largest in the world. The GPUs will be used to develop large-scale AI models. Developers wrote: “We estimate that if we entered our cluster in the recent TOP500 list of supercomputers, it would be the 2nd and close to the top entry,…
CME Group Announces Plans to Launch ETH to BTC Ratio Futures
“Historically, ether and bitcoin have been highly correlated; however, as the two assets have grown over time, market dynamics may affect the performance of one more than the other, creating relative value trading opportunities,” Giovanni Vicioso, CME Group global head of cryptocurrency products said in a statement. “With the addition of Ether/Bitcoin Ratio futures, investors will be able to capture ether and bitcoin exposure in a single trade, without needing to take a directional view.” Source
Fidelity joins the rush for a bitcoin ETF, following BlackRock, Ark Invest and others
A sign marks a Fidelity Investments office in Boston, Massachusetts, April 28, 2022. Brian Snyder | Reuters Asset management giant Fidelity Investments is again trying to launch a spot bitcoin ETF, according to a Thursday filing. The move comes two weeks after BlackRock filed for a spot bitcoin ETF, which has long been opposed by the Securities and Exchange Commission. Other firms appear to have taken BlackRock’s filing as a sign that the SEC’s stance could soon change. Since then, WisdomTree, VanEck and Invesco have taken the initial steps toward…
How to start a career in artificial intelligence
Global industry disruption brought about by artificial intelligence (AI) is creating interesting job prospects for anyone interested in this cutting-edge subject. AI is revolutionizing how we live and work with technologies like self-driving cars and virtual assistants. If you’re interested in the seemingly limitless potential of AI and want to start a career in this rapidly expanding industry, you may consider the following actions you can take to begin your exploration of the fascinating area of artificial intelligence. Developing a strong foundation Establishing a firm foundation for AI requires a…
Fidelity Refiles For Spot Bitcoin ETF
Asset manager Fidelity filed paperwork TK WHEN with the Securities and Exchange Commission (SEC) for a spot bitcoin exchange-traded fund (ETF) which will be traded under the name TK. Original
Canadian ETF Issuer 3iQ to Work With Coinbase to Offer ETH Staking
“While staying true to the investment objectives of the Funds, we believe that commencing ETH staking offers the best of both worlds to our investors – providing additional yield while eliminating the complexities of directly handling digital assets,” Fred Pye, Chairman and CEO of 3iQ, said in a statement. Source 3iQCanadianCoinbaseETFETHIssuerOfferStakingWork CryptoX Portal
Rpay Secures License from OFAC to Continue Operating in Venezuela
Rpay was developed by the team behind the stablecoin protocol Reserve and currently has 600,000 registered in Latin America and 300,000 on a waiting list, Jiménez said. The platform has posted $5.7 billion in cumulative volume since going live in 2020, and it recently adopted the decentralized Electronic Dollar (eUSD) stablecoin, which tracks the US dollar. Source
Polygon $MATIC ‘2.0’ Roadmap Calls for ‘Unified Liquidity,’ Restaking, New Chains on Demand
“Unified liquidity is the key to everything in Polygon 2.0,” said Brendan Farmer, the co-founder of Polygon in a press release. “We need to support unlimited scalability, but the entire Polygon 2.0 ecosystem must still feel like using a single chain. The validity of cross-chain transactions is guaranteed by ZK proofs posted to Ethereum, but we want bridging to feel seamless. We can’t make users wait for a chain to generate a proof or settle on Ethereum.” Source
Solana’s Cardinal shuts down citing economic conditions
Solana’s Cardinal protocol is winding down operations due to economic conditions, nearly a year after raising $4.4 million to improve nonfungible tokens (NFT) utility. According to an announcement on Twitter, withdrawals should be made by August 26. Cardinal Labs was an infrastructure provider dedicated to supporting NFT use cases on the Solana network by offering protocols and software development kits (SDKs) for staking, rentals, subscriptions, royalties and trading. Hey Everyone, we have some unfortunate news to share After a lot of reflection, we’ve decided to begin the process of winding…