Day: November 15, 2023

LayerZero Labs Launches Colortrace, Onchain Attribution Solution 

ColorTrace is LayerZero’s solution to problems with Colored Coins, including the amount of storage required to color digital assets. Cross-chain communication protocol LayerZero has launched ColorTrace, a value attribution solution that facilitates fair tracking. The solution easily attributes tokens to the entity that minted the token, allowing for easy verification of the token’s origin and making related yield collection seamless. In addition to revenue distribution, ColorTrace can also help with tracking in alliance programs, referral links, and other real-world uses. Colored Coins is a method of creating distinctions among a…

Samsung Launches AI Chatbot Gauss to Rival ChatGPT

According to Samsung, developers can benefit from an interactive interface offered by the “Gauss Code” that supports code description and test case generation functions to build corporate applications tailored to their needs.  Samsung Electronics, one of the leading global electronics companies based in South Korea, is expanding its foothold into the artificial intelligence market with the launch of its own chatbot dubbed Samsung Gauss. The company announced the launch of the new AI technology, named in honor of the famous German mathematician and physicist Carl Friedrich Gauss, during the annual…

Solana (SOL), Once Championed by Sam Bankman-Fried, Shows No Signs of Slowing Down

SOL prices took a drastic hit in November 2022 after a CoinDesk report first drew light to possible cracks in Bankman-Fried’s empire, but sentiment has recovered since the once-crypto titan was jailed and pronounced guilty on seven charges. Meanwhile, wallets linked to the bankrupt crypto exchange FTX, controlled by the debtors group, have an estimated $102 million in SOL tokens to crypto exchanges in the past few months. Moving to exchanges may likely indicate a sale of those tokens on the open market, however, SOL prices have continued to grow.…

JPMorgan and Apollo Pioneer Blockchain Tokenization in Asset Management

The move by JPMorgan and Apollo comes at a time when various traditional finance institutions are increasingly expressing interest in blockchain technology. In a groundbreaking move, traditional finance titans JPMorgan Chase & Co (NYSE: JPM) and Apollo Global Management Ord Shs (NYSE: APO) has successfully collaborated with blockchain firms to demonstrate a “proof of concept” for tokenization of funds on a blockchain platform of choice. The collaboration, which is part of Project Guardian led by the Monetary Authority of Singapore (MAS), was unveiled at the Singapore Fintech Festival, showcasing the growing…

Blockchain.com Closes $110M Funding as Investors Show Renewed Interest in Cryptocurrency

A number of reputable investors participated in the Series E funding round, among them there were Lakestar, Lightspeed Venture Partners, Coinbase Ventures, and Baillie Gifford. Blockchain.com, a leading cryptocurrency exchange and wallet provider, recently raised $110 million in a Series E equity financing round that was led by UK-based Kingsway Capital. The latest investment comes despite the firm’s valuation falling below half of its previous $14 billion figure that it had earlier this year. Blockchain.com provides one of the biggest crypto exchange and wallet provider services in the world. The company…

OpenAI Attracts Google Researchers by Offering Massive $10M Package

Despite the market slowdown, OpenAI continues with aggressive hiring by strategically leveraging the growing interest in AI technology. OpenAI is said to be presenting substantial compensation packages, reaching as high as $10 million, to entice top researchers away from Google, as per a report from The Information. This marks OpenAI’s ongoing efforts to recruit talent from Google’s ranks, with a focus on senior researchers in Google’s AI teams. The proposed annual compensation, largely in the form of stock, is reportedly in the range of $5 million to $10 million. OpenAI…

XRP Won’t Turn Into Bank Stablecoin Post-AMM Launch: Expert

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In the wake of Ripple’s announcement regarding the integration of an Automated Market Maker (AMM) into the XRP Ledger (XRPL), the community has been abuzz with speculation and debate. Central to this discourse is the potential transformation of XRP in light of this update, particularly in regard to its classification and function as a digital asset. Ripple’s Chief Technology Officer, David Schwartz, previously hailed this update as the most significant for XRPL, raising expectations among stakeholders. Additionally, at the recent Swell conference, Ripple revealed plans to integrate its rebranded Ripple…

Ethereum-Based Blockchain Kinto Aims to Bring Real-World Assets (RWA) to Decentralized Finance (DeFi) with Fresh Investment

Kinto secured $1.5 million in a pre-seed investment earlier this year from Kyber Capital Crypto, according to a press release on Tuesday. It received another $3.5 million recently in a round led by Kyber Capital Crypto, Spartan Group and Parafi. SkyBridge Capital, Kraynos, Soft Holdings, Deep Ventures, Modular, Tane and Robot Ventures also participated in the round. Source link

What to consider when using online forms to receive information requests

15 November 2023 Deborah Clark is the ICO’s Upstream Regulation Manager. Her team supports public authorities to perform in line with their statutory duties and prevent breaches of access to information legislation. Are you using online forms to receive information requests? As freedom of information (FOI) practitioners, you have a responsibility to help requesters clarify what it is they want from you. You need to support them to submit requests in a way that enables you to provide a comprehensive and timely response. Some organisations have begun using online forms…

Kazakhstan officially launches digital tenge

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The chairman of Kazakhstan’s National Payment Corporation (NPC), Binur Zhalenov, has made the first transaction with the country’s new central bank digital currency (CBDC), the digital tenge. During his speech at the XI Congress of Finance in Almaty on Nov. 15, he paid with a debit card tied to the CBDC account, according to local outlet, Kapital.kz.  Zhalenov unveiled the official launch of the digital tenge on Kazakhstan’s retail market today, promising the “massive platform’s development” in 2024. According to the official, Kazakhstan collaborated with Visa and Mastercard, as well as…