Author: Dren.H

Telegram partners with TON Foundation to introduce a crypto wallet, marking a renewed collaboration after past SEC challenges. In a recent unveiling, Telegram, the popular messaging application, rekindled its association with The Open Network Foundation (TON Foundation). This move places TON back to its foundational ethos, especially with the introduction of a self-managed crypto wallet specifically tailored for Telegram users. In 2020, Telegram had distanced itself from its TON project, following a lawsuit from the U.S. Securities and Exchange Commission (SEC). This regulatory pushback was due to concerns over the initial coin offering (ICO) of the project’s token, Grams. However,…

In 2023, institutional investors reduced Ethereum holdings, while Bitcoin faced volatility amid economic and regulatory uncertainties. In 2023, institutional investors have shown a waning interest in Ethereum, offloading assets that are well into the nine-digit range. The latest insights by CoinShares reveal that Ethereum, the world’s second-largest cryptocurrency, has witnessed a staggering outflow of $4.8 million in a mere week. This brings the total to an enormous $108 million for the year, making Ethereum the digital asset most relinquished by large-scale entities. James Butterfill, CoinShares’ head of research, dubbed Ethereum as the “least loved digital asset” for institutional investors focusing…

Arthur Hayes believes rising central bank rates might boost Bitcoin, challenging traditional economic views on interest and cryptocurrency. Arthur Hayes, BitMEX’s co-founder, challenges the typical beliefs about Bitcoin and interest rates. As central banks globally adopt stricter monetary policies, Bitcoin’s price might benefit. This perspective contrasts with the dominant view that sees rising rates negatively affecting Bitcoin. Hayes contends that the U.S. government’s staggering debt will dismantle traditional economic theories. Central banks and their attempts to apply outdated economic principles to current challenges aren’t effective. This became evident when the Federal Reserve upped its benchmark rate from 0.25% to 5.25%…

Gary Gensler, SEC Chair, confirms the agency’s use of AI in financial surveillance during a Senate oversight hearing. Gary Gensler, the Chair of the United States Securities and Exchange Commission (SEC), recently confirmed the use of artificial intelligence in financial surveillance. His confirmation came during a Senate oversight hearing on September 12, as a response to a question from Sen. Catherine Cortez Masto. Gensler had previously hinted at the SEC’s interest in AI technology during a speech to the National Press Club on July 17. However, this Senate hearing showed for the first time officially SEC’s use of AI for…

Diesel collaborates with Public Pressure to offer NFTs that include exclusive access to Milan Fashion Week and additional perks. In an exciting move that marries fashion with technology, Diesel is teaming up with Public Pressure for a unique offering. They’re launching a new series of NFTs that don’t just serve as digital collectibles but also offer real-world benefits. This collaborative initiative, named Metamorph, will release 300 limited edition NFTs. These digital assets will be available on both the Polkadot and Polygon blockchain networks. What sets this NFT drop apart is the assortment of perks it offers. The top advantage is…

Increasing water consumption of AI for cooling data centers raises environmental concerns, prompting tech giants to seek sustainable solutions. Artificial intelligence (AI) isn’t just a power-hungry technology; it’s also consuming vast amounts of water. Initially, public attention focused on the electrical power required to run AI algorithms. However, as these algorithms become increasingly complex, data centers require more water to cool the servers that make AI functionalities possible. The Water Footprint of AI When users interact with chatbots like ChatGPT, data centers require around 500 milliliters of water for every 5 to 50 user prompts. This is significant, especially considering…

A hacker compromised Vitalik Buterin’s Twitter account, stealing $691,000 by misleading followers with a fake NFT link. Over the weekend, a hacker infiltrated Vitalik Buterin’s Twitter profile, stealing an alarming sum of $691,000 from his followers. The Ethereum founder’s compromised Twitter account misled followers by posting a sham link that claimed to offer exclusive NFTs. The incident unfolded on Saturday when Buterin’s Twitter feed displayed an announcement about a new set of NFTs offered by software company Consensys. The hacker utilized this opportunity to post a fraudulent link that seemingly allowed followers to mint the commemorative NFTs. However, the link…

Meta is developing a new, open-source AI model aimed at outperforming OpenAI’s advanced systems by 2024. Meta is actively constructing a groundbreaking, open-source artificial intelligence (AI) model to compete with OpenAI’s most potent systems. Sources reveal that this yet-to-be-named project will significantly surpass Meta’s previous AI model, Llama 2, in terms of power and capabilities. With plans to release this cutting-edge technology sometime next year, Meta is setting up the infrastructure to make it happen, including stocking up on Nvidia’s top-tier H100 semiconductor chips. The Wall Street Journal recently broke the news, citing that people with knowledge of the matter…

Ted Cruz advocates for Bitcoin mining in Texas, claiming it benefits the state’s energy grid, amid growing bipartisan support for cryptocurrencies. Texas Senator Ted Cruz has recently shown his unwavering support for Bitcoin mining, stating its positive impact on the state’s energy grid. Appearing on a Fox News Radio segment, Cruz discussed how the growing Bitcoin mining industry in Texas can act as an emergency power reserve during extreme weather conditions. Currently, Texas is experiencing its second hottest summer on record, putting immense strain on its local energy grid that serves about 90% of the state’s 25 million residents. In…

Daily transaction fees on Ethereum hit an eight-month low, thanks to the rise of Layer 2 scaling solutions. For the first time in eight months, using Ethereum has become cheaper. The daily transaction fees, or the cost users pay to make moves on the Ethereum network, have dropped to an eight-month low. On a recent Sunday, these fees were only 1,719 ETH, or $2.8 million. That’s a significant drop from earlier in the year when daily fees peaked at 16,720 ETH on May 5th. What’s causing this dip in cost? Let’s take a closer look. Ethereum uses a different kind…