Day: September 13, 2023

Alibaba Makes AI Model Tongyi Qianwen Open to Public

Alibaba’s development of AI offers significant benefits to the strength of the Chinese technology sector. By making Tongyi Qianwen accessible to the Chinese community, there is potential for widespread innovation if used correctly. Leading Chinese tech company Alibaba has made a significant announcement regarding the accessibility of its AI model Tongyi Qianwen to the public. This decision comes on the heels of what appears to be government approval from the Chinese authorities, allowing the tech giant to make its AI technology available to users. While the Chinese government supports the…

Grammy CEO clarifies AI Drake song ineligible for award over copyright issues

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The CEO of the Recording Academy that hosts the yearly Grammy Music Awards has cleared up misconceptions regarding the eligibility of an artificial intelligence (AI)-generated Drake song for award nomination.  On Sept. 8 Harvey Mason Jr. took to Instagram and released a video clearly stating that the track is “not eligible for Grammy consideration” and wanted to be extra clear that: “Even though it was written by a human creator, the vocals were not legally obtained, the vocals were not cleared by the label or the artist and the song…

Beleaguered Gemini Earn Customers Will Be Made ‘Nearly Whole,’ DCG and Genesis Say About Remuneration Plan

“Depending on how the bankruptcy claim is calculated, the Earn customers are estimated to get between $440 million and $765 million of a claim,” a DCG executive, who asked not to be identified, said in an interview. “That claim is estimated to receive distributions of $400 million to $535 million. And then on top of that Earn customers get the $600+ million dollars of collateral that Gemini is holding. So, they’re looking at total recoveries of a billion dollars or more, which is roughly their total claim. Essentially, it’s a…

New BitMEX market lets users predict fate of former FTX CEO and Bitcoin ETF

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BitMEX launches its “Prediction Markets”, allowing traders to forecast outcomes of significant events, including the FTX recovery rate and potential SEC approval of spot Bitcoin ETFs. Major crypto derivatives exchange BitMex has expanded its products to include a new offering called Prediction Markets, where traders can predict the possible outcome of real-world events ranging from crypto to traditional finance and make returns from their predictions. BitMEX announced that its new cryptocurrency derivatives product opened for trading on the platform on Sept. 13. Three initial prediction contracts, focusing on subjects currently…

The Future of the Internet – Blockchain News, Opinion, TV and Jobs

The internet has undergone two major transformations since its inception. The first was the transition from a read-only web to a read-write web, enabled by the development of HTML and HTTP. The second was the transition to a web that is increasingly personalized and centralized, enabled by the rise of social media and big tech companies. Now, a third transformation is underway: the transition to Web3, a decentralized and open internet that is powered by blockchain technology. Web3 promises to give users more control over their data…

North Korea Linked to $54M CoinEx Hack, Blockchain Data Suggests

The hackers siphoned ether (ETH), XRP, tron’s TRX, MATIC, solana’s SOL, kadena’s KDA and dagger’s XDAG tokens after exploiting a lax security measure on wallets used by the exchange. CoinEx has since released over 10 “suspicious” addresses on several networks, such as Ethereum, BNB Chain, and Arbitrum, where the tokens were transferred. Source

X Rival Social Networking App Bluesky Now Has 1 Million Users

Although Bluesky crossed one million downloads a few months ago, not all users who downloaded the app had accounts as access is restricted. Social networking service Bluesky has now hit a million users. The app, which originally spun out of Twitter (now known as X), officially hit this milestone, according to a recent post. A strategy and operations personnel at Bluesky, Rose Wang made a post on X announcing the news. According to an image posted by Wang, Bluesky has 1,000,055 users. Bluesky has deliberately restricted the number of users the platform…

FTX Modifies Bitcoin And Crypto Sale Proposal Last Minute

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In a recent court filing, FTX, the crypto exchange currently navigating bankruptcy, has made last-minute adjustments to its proposal concerning the sale of its Bitcoin and crypto holdings. This move is seen as an attempt to address concerns raised by the US Trustee, the bankruptcy branch of the Department of Justice. FTX’s initial proposal, which is set to be reviewed in a Delaware Bankruptcy Court today, September 13, aimed to liquidate $3.4 billion in Bitcoin and other crypto assets. The market had been rife with concerns about the potential impact…

Coinbase to Integrate Bitcoin Lightning Network

In a matter of weeks, Coinbase constituted a team to dig into the protocol and assess the feasibility of its integration. Coinbase CEO Brian Armstrong has announced the exchange’s plans to integrate the Bitcoin Lightning Network (LN) into its infrastructure. LN is a layer 2 payment protocol that was created to improve the scalability of Bitcoin and allow cheaper and faster Bitcoin transactions. Joseph Poon and Thaddeus Dryja proposed the protocol in a whitepaper published in January 2016. The protocol fast-tracks Bitcoin transactions by reducing the load on the Bitcoin…