Day: August 14, 2023

Anthropic AI raises $100m from South Korea to bolster telecommunications industry

Artificial intelligence (AI) developer Anthropic announced on Aug. 13 that it is receiving an additional $100 million in investment from the South Korean telecommunications giant SK Telecom.  According to the announcement, the investment comes alongside a collaboration between the two companies in order to develop a multilingual large language model (LLM) for the Telco AI Platform. The forthcoming LLM will be available in including Korean, English, German, Japanese, Arabic and Spanish and aims to allow for the creation of customized AI services for global telecom service providers. Dario Amodei, the…

USDC vs. DAI, Everlodge can be an alternative

Recent regulatory actions by the United States Securities and Exchange Commission (SEC) have sparked concerns about the safety and reliability of stablecoins like USDC and DAI as substitutes for fiat currencies. Amid this, Everlodge, a project combining crypto and the sharing economy like Airbnb, is rising. Navigating the stablecoin arena The stablecoin landscape has undergone remarkable shifts recently. Tether’s unexpected prominence as the leading stablecoin might have appeared unlikely, given the presence of other contenders such as USDC, DAI, UST, and BUSD. However, noteworthy developments like the SEC’s intervention prompting…

BALD Developer Sends $12M Back to Ethereum After Spectacular Mess Up

Bald’s mysterious rise in early August came when Base, a blockchain built by crypto exchange Coinbase, wasn’t even officially open to the public. A viral post of a trader turning $500 to hundreds of thousands sent Bald zoomed 4,000,000% within days, attracting over $66 million in ether to the ecosystem as traders hoped to squeeze out returns from an otherwise flat broader market. Source

BTC price breakout by end of August? 5 things to know in Bitcoin this week

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Bitcoin (BTC) is painting a classic August picture as it starts the new week — volatility is nowhere to be seen. In a continuation of some of the quietest BTC price action ever seen, the largest cryptocurrency remains locked in a narrow trading range below $30,000. Whether it be long or short timeframes, Bitcoin is giving market observers cause for increasing frustration. Despite a tug-of-war between bulls and bears on exchanges, neither party seems able to set a new BTC price trend in motion. Will the status quo remain this…

Pro-Bitcoin candidate wins primary elections in Argentina

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Javier Millei, a pro-Bitcoin and libertarian candidate, has won the primary elections in Argentina. With 95% of votes counted, Millei is currently leading the pools of the primary elections with 30.1% of the votes. He is part of the political party known as Freedom Advances. The candidate is known for his political views about abolishing the Central Bank in Argentina and having a free market economy. According to the votes, Together for Change, led by Patricia…

Cardano (ADA) Nears The $0.3 Resistance: What Lies Ahead?

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The journey of Cardano (ADA) toward reclaiming the $0.3 price level seems to be growing more challenging in the days ahead, as the cryptocurrency grapples with persistent bearish pressure. After successfully managing to hold the line at $0.3 during the latter part of July, the digital asset encountered a setback in early August when this crucial support level split, potentially paving the way for further price declines. The $0.3 mark not only signifies a March low but also acted as a pivotal resistance point during the months of June and…

Bitcoin holders turn to Ethereum, DigiToads supporters bullish on TOADS

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto investments necessitate a strategic outlook that underscores the enduring technological potential over the long term. Historical data serves to exemplify the steadfastness of investments centered on technology. The previous crypto cycle revealed promises such as institutional involvement, global adoption, and tangible asset integration on blockchain platforms. Investors’ decisions in the next six months preceding the bull market are expected to play a pivotal role in their returns. Notably, there has been a shift from Bitcoin…

Zunami Protocol lost $2.1 million to cyber attack

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Zunami Protocol has suffered an attack on its zStables pools, leading to a $2.1 million loss. The company assures that the collateral is secure. The blockchain security firm, PeckShield, detected the attack on August 13. It stated that the company lost nearly $2.1 million. Zunami confirmed the attack 20 minutes later. The attack affected Zunamis stablecoins, USD stablecoins, and Zunami Ether. It appears that zStables have encountered an attack. The collateral remain secure, we delve into…