Day: November 21, 2023

Can blockchain supply the guardrails to keep AI on course?

Artificial intelligence (AI) and blockchain are emerging digital technologies that have captured the public imagination but also raised serious concerns. So it bears asking: Can AI and blockchain be integrated in a way that benefits humanity? There are reasons to think so. As far back as 2016, Vitalik Buterin wrote that both the crypto economics and AI safety communities were “trying to tackle what is fundamentally the same problem” of how to regulate complex and smart systems with “unpredictable emergent properties.” Both rely for control on essentially “dumb” systems “whose…

Global Banks Are Betting Big On XRP, Report Shows

Global banks have begun actively integrating crypto assets into their financial operations, and XRP has been one of their top preferences. This news signifies a shift in the skepticism surrounding cryptocurrencies, revealing how some of the world’s leading banks seek to leverage XRP’s fundamental strengths as a cross-border payments system.  BCBS Highlights XRP Dominance In The Banking Sector The Basel Committee on Bank Supervision (BCBS) has recently published its first data collection template report on banks’ holdings of crypto assets. This report gives detailed insight into the crypto exposure of…

Colony Lab to Invest $10M to Support AVAX Crypto Ecosystem, Avalanche Blockchain

“As we channel a $10 million investment into the Avalanche ecosystem, we’re not just growing Colony Lab – we’re fostering the long-term potential of AVAX,” CEO Elie Le Rest said in a message to CoinDesk. “Avalanche understands that real blockchain growth comes from expanding its use cases, and its technology reflects this vision by creating a more inclusive and customizable blockchain landscape. We’re thrilled to align with Avalanche’s vision, and we’re fully dedicated to sharing the rewards of our strategic move with our community.” Source

Aragon DAO votes to fund legal action against its founders

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A decentralized autonomous organization (DAO) is taking legal action against its founding team after a decision to dissolve its governing body and distribute most of its assets to tokenholders. On Nov. 2, the team behind Aragon announced that it would be dissolving the Aragon Association. The group said it’s deploying the organization’s treasury so that ANT tokenholders can redeem Ether (ETH) in exchange for their tokens. The update will give back around $155 million in digital assets to its stakeholders. Citing various reasons, the team behind Aragon shut down the ANT…

InfStones Fixes Vulnerabilities Identified by dWallet Labs

InfStones explained it conducted an internal review revealing no further threats. The blockchain infrastructure provider also invited an external security firm to audit its systems and company policies. Blockchain infrastructure provider InfStones has announced its success in fixing vulnerabilities identified in its system by security firm dWallet Labs. dWallet Labs reportedly found susceptibilities in InfStones’ validators. According to dWallet Labs, it detected the threats while preparing a research paper on attacking blockchain networks and collecting private keys with Web2 attacks. “A chain of vulnerabilities we discovered and exploited during our…

Pyth’s Blazing $77M Token Airdrop Cements Status as Chainlink Challenger

Pyth Network’s exceptional refresh rate speed sets it apart and significantly adds to its appeal, surpassing that of its competitor – Chainlink. Pyth Network, a decentralized finance (DeFi) oracle service competing with Chainlink, made headlines this week with a remarkable token airdrop valued at an astounding $77 million. The distribution of 250 million PYTH tokens to early Pyth users increased the protocol’s market capitalization beyond $765 million, highlighting the project’s growing importance. Today marks the launch of the Pyth Network’s permissionless mainnet, ushering in a new era of token-led governance…

Tether’s bank partner Britannia sued over $1B deposit: Report

Tether’s bank partner Britannia Financial is reportedly facing a lawsuit over claims it failed to pay the full price of revenue-generating assets allegedly related to a large deposit from Tether. Arbitral International, a company registered in the British Virgin Islands, has sued Britannia over a $1 billion deposit from Tether, the Financial Times reported on Nov. 21, citing court documents filed in the High Court of Justice in London in 2023. The lawsuit relates to Britannia’s acquisition of Arbitral’s Bahamas-based brokerage business known as Arbitral Securities. Britannia announced the acquisition…

OpenAI seeks to diffuse internal tensions after Altman departure: Report

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OpenAI executives are trying to smooth out internal discord after the abrupt termination of former CEO and co-founder Sam Altman and others through “intense discussions,” according to a Bloomberg report.  An internal memo from OpenAI vice president of global affairs Anna Makanju, as seen on Nov. 20 by Bloomberg, said top management is trying to unify the staff, currently in upheaval over recent events. “We can assure you that our number one goal remains to reunify OpenAI and discussions are actively ongoing.” Makanju said OpenAI is communicating with incoming CEO Emmett…

Solana Dog-Themed Meme Coin BONK Jumps Nearly 2,000% in 30 Days

The BONK token is on a parabolic rise as it continues to soar despite being a meme coin on the Solana network. Bonk Inu (BONK), the Solana network’s top meme coin, is making the news as it pumps impressively. Over the last week, the price of BONK has jumped by more than 125% according to data from CoinGecko at writing time. Data also shows that BONK has jumped more than 433% in the last 14 days and nearly 2,000% in the last month. Solana’s BONK May Trade on Major Exchanges…