The idea of Glass was to give online content creators a platform for minting and selling their videos directly to their fans, where they might make more money than, say, on YouTube. Its founders saw the blockchain as bringing more transparency to this process, and also permanence, by storing them in a decentralized manner. Source
A team of researchers from Humboldt-Universitat zu Berlin have developed a large language artificial intelligence model with the distinction of having been intentionally tuned to generate outputs with expressed bias. Called OpinionGPT, the team’s model is a tuned variant of Meta’s Llama 2, an AI system similar in capability to OpenAI’s ChatGPT or Anthropic’s Claude 2. Using a process called instruction-based fine-tuning, OpinionGPT can purportedly respond to prompts as if it were a representative of one of 11 bias groups: American, German, Latin American, Middle Eastern, a teenager, someone over…
The Stellar token experienced a notable 11.5% increase in value between Sept. 2 and Sept. 8, a novelty given that Bitcoin and most altcoins are down for the week. The surge came after Stellar (XLM) tested the $0.113 support level, which marked its lowest point in the past eight weeks. The price upswing followed a preliminary announcement made by the Stellar organization on social media. While the announcement was somewhat cryptic, it hinted at something significant occurring on Sept. 12, with phrases like “something cool is dropping” and “change” on the horizon.…
A recent report by IntoTheBlock offers new insights into the profitability of meme coin holders, including Dogecoin, highlighting variations in the percentage of holders in profit and whale concentration. Dogecoin, the forerunner in this category, continues to hold its own, with new data underscoring its dominance in terms of profitability for its holders. Dogecoin Holds The Lead According to the report by blockchain data analytics platform IntoTheBlock, Dogecoin outpaces its counterparts, with 42% of its holders being in profit. It is worth noting that this appears to solidify its position as…
Ant Group Digital Technologies, linked to China’s Alibaba Group, has unveiled ZAN, a brand dedicated to providing blockchain development tools. Ant Group Digital Technologies, an affiliate company of the Chinese conglomerate Alibaba Group, recently announced the launch of ZAN. The new brand will offer a range of blockchain development products and services aimed at meeting the needs of both institutional and individual web3 developers. The announcement, made at this year’s Inclusion Conference on the Bund, emphasized resolving key issues that the emerging web3 sector faces, including regulatory compliance and security.…
The United States Federal Reserve Bank vice chairman spoke at the Philadelphia Fed’s fintech event on Sept. 8 about the central bank’s role in financial innovation. Research and supervision was the short answer and a nod to the FedNow Service. Along with the standard disclaimer about it making no decisions without Congressional authorization, Barr provided an overview of the Fed’s “current focus” of central bank digital currency (CBDC) research. He characterized it as “basic research […] that might support a CBDC payments backbone, or for other purposes in the existing…
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The past week in the DeFi ecosystem was filled with ups and downs, from the United States Commodity Futures Trading Commission’s (CFTC) investigation into multiple DeFi protocols to Binance CEO Changpeng “CZ” Zhao’s forecast that DeFi would outgrow centralized finance (CeFi) in the next bull run. While CZ anticipates a bright future for DeFi, a report from the Bank for International Settlements…
Texas Bitcoin miners have cut back 90% of their operations during the energy crisis after the state offered $31.7 million in energy credits. Amid an escalating power crisis driven by extreme weather conditions, Texas has turned to an unlikely ally for energy conservation: Riot Platforms, a major Bitcoin (BTC) mining firm. The state’s power grid operator has awarded Riot Platforms $31.7 million in energy credits for reducing electricity consumption during the ongoing heat wave. The sum eclipses the $9.7 million worth of Bitcoin the company mined in the same period.…
The Blockchain Association, a United States-based cryptocurrency advocacy group, has submitted suggestions for lawmakers to consider in potential legislation on the tax treatment of digital assets. In a Sept. 8 letter to U.S. Senators Ron Wyden and Mike Crapo, the Blockchain Association said lawmakers should support the Keep Innovation in America Act, a bill aimed at changing the reporting requirements for certain taxpayers involved in crypto transactions. According to the advocacy group, any legislation introduced in Congress should “create symmetry” between taxation of crypto and non-crypto assets, as well as…
Before Elon Musk bought Twitter and renamed it X, a blue checkmark – like the one emblazoned on @Grayscale_FND’s account – was a sign the account was verified, that some measure of thought and vetting had occurred before the account got that label. Now, it means the account owner can afford $8 a month, giving rise to a proliferation of crypto scams wielding blue-checked X accounts. Source