Tag: Launch

Meta and Microsoft launch open-source AI model Llama 2

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Big Tech firms Meta and Microsoft have teamed up to launch Llama 2, an open-source large language model from Meta that will feature on Microsoft’s Windows and cloud computing platform Azure. The pair announced the collaboration on July 18 saying Llama 2 was made free for research and commercial use while also being optimized to run on Windows. The announcement confirmed rumors from last week that said Llama 2 would be built for businesses and researchers to create applications on Meta’s AI tech stack. We believe an open approach is…

Binance launches Arkham token sale, launch price to be 10X higher

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On July 17, the world’s largest crypto exchange by trading volume, Binance, announced the launch of the arkham (ARKM) token sale on its launchpad, making it the 35th project on the platform. However, ARKM’s launch will be different since there will be mechanisms to “protect investors from volatility.” At the same time, Binance said the launch of the ARKM will be set at $0.50 — 10 times the public sale price — for the first five…

Indonesia to launch crypto exchange in July: Report

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The government of Indonesia is moving forward with its plans to launch a national cryptocurrency exchange, and expects to debut the platform in the coming weeks. Indonesia’s Commodity Futures Trading Supervisory Agency (CoFTRA), also known as Bappebti, is planning to launch the national crypto exchange in July 2023, the local news agency Tempo reported on July 14. Bappebti head Didid Noordiatmoko reportedly said all cryptocurrency transactions will be only allowed to take plac using the upcoming national exchange. “Yesterday we agreed on the stock exchange rules,” the official said, adding…

FTX customer claims portal remains offline hours after launch

The customer claims portal for insolvent cryptocurrency exchange, FTX, went offline shortly after its debut on July 10, leaving customers unable to make claims online.  Kroll, the claims agent for FTX, said they are working on resolving the glitch for victims to submit claims. In the meantime, affected customers can still file claims by submitting a digital form on Kroll’s website or by mail. As of writing on July 12, the portal is still inaccessible. Former FTX boss facing 24 fraud charges FTX’s bankruptcy case is being handled in Delaware, and ongoing…

Scammers exploit Threads launch, impersonating crypto Twitter users

Threads, Meta’s newly launched microblogging app, has become a target for scammers wasting no time trying to deceive users. The platform has already drawn the attention of several influential Crypto Twitter users, who are sounding the alarm about imposter accounts lurking on Threads. On July 8, decentralized finance platform Wombex Finance shared an image of an imposter Threads account pretending to be associated with their project. Wombex Finance promptly alerted users, cautioning them that scammers could potentially operate the account since their project was not present on the Threads platform.…

Open-source advocates launch OP Stack testnet to fund public goods

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Layer-2 blockchain Public Goods Network launched a testnet on July 7, promising to spend “the vast majority of net sequencer fees” on public goods instead of paying them out to the development team or token holders, according to an announcement from the network’s developers. In economics, a “public good” is a good that cannot be produced for profit because it is difficult to exclude non-payers from its consumption. The new network was developed by the same team that created Gitcoin, a project that seeks to raise funds for open-source projects.…

Meta’s Twitter rival Threads to launch July 6, but will the crypto community budge?

Meta is planning to launch its new Twitter rival, Threads, on July 6, only days after Twitter’s “rate limit” debacle which has temporarily capped how many posts users can read per day. The platform, which is heavily tied to the photo and video-sharing social network Instagram, is expected to be released on Thursday according to a Meta-launched countdown site. Threads has also appeared for pre-order on Apple’s App Store bearing an expected date of July 6. Screenshot of Threads’ listing on the App Store. Source: Apple Despite an arguably well-timed…

Coinbase layer-2 network Base closes in on mainnet launch

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Base, a new layer 2 application-focused protocol by Coinbase has just one criteria left to fulfil  before being ready for mainnet launch. On June 29, the team said the Optimism-powered, Ethereum-secured network has been subject to six months of rigorous security audits — both internally and externally — its second-last criteria required for launch. “With the completion of these audits, we’ve now fulfilled ⅘ of our criteria for mainnet launch,” Base said, adding that they feel confident after not finding any critical code bugs: “Completing these in-depth security workstreams without…

CME Group Announces Plans to Launch ETH to BTC Ratio Futures

“Historically, ether and bitcoin have been highly correlated; however, as the two assets have grown over time, market dynamics may affect the performance of one more than the other, creating relative value trading opportunities,” Giovanni Vicioso, CME Group global head of cryptocurrency products said in a statement. “With the addition of Ether/Bitcoin Ratio futures, investors will be able to capture ether and bitcoin exposure in a single trade, without needing to take a directional view.” Source