Author: e_cash_top

[ad_1] Blockchains were created with immutability as one of its fundamental principles and to many the thought of introducing limited mutability contradicts the very foundations on which blockchains were first created. While the immutability of blockchains is key to fortifying security and fostering trust, it must be emphasized that immutable blockchains are not faultless and…

[ad_1] Microsoft is set to advertise its popular artificial intelligence product, Copilot, during the Super Bowl LVIII on Sunday, Feb. 11, according to a Feb. 7 blog post. Microsoft executive Yusuf Mehdi said: “This year, we’re proud to celebrate the transformative power of AI and Microsoft Copilot, showcasing peoples’ ‘watch me’ moments with Copilot enabling…

[ad_1] While the blockchain industry has correctly pointed out key issues in the worlds of legacy tech, finance, art, and culture, the revolution promised is yet to materialize, with the tools being designed to address those challenges are not yet at the required standard. Technical inefficiencies have stifled the development of truly decentralized systems, and…

[ad_1] Tech entrepreneur Sam Altman is reportedly looking to raise between $5 trillion and $7 trillion to help fund the production of microchips to increase availability for AI and machine learning, the Wall Street Journal reported on Feb. 8. The funding would be used to establish factories or fund existing chip manufacturing companies, with OpenAI…

[ad_1] The New York Attorney General’s Office (NYAG) raised its fraud claims against Digital Currency Group (DCG) and related parties on Feb. 9. The NYAG’s lawsuit originally alleged over $1 billion in losses; however, it has been amended to include another $2 billion in losses — bringing the total to $3 billion, allegedly affecting more…

[ad_1] Solana Labs said that the recent outage that halted blockchain transactions for five hours on Feb. 6 was caused by a bug developers caught a week earlier. Solana Labs published a detailed report on Feb. 9 outlining its investigation of the outage, which revealed that the known bug had multiple triggers, and developers had…

[ad_1] Hong Kong’s Securities and Futures Commission (SFC) and local law enforcement have jointly issued a public warning against an entity masquerading as crypto exchange MEXC Global. The scammers are reportedly pretending to be a legitimate virtual asset trading platform (VATP) and luring unsuspecting victims into participating in what appears to be a crypto investment…

[ad_1] Treasury Secretary Janet Yellen called on Congress to enact stricter regulatory measures for cryptocurrencies and to maintain vigilance on deploying artificial intelligence (AI) in financial services during her latest testimony before the Senate Banking, Housing, and Urban Affairs Committee on Feb. 8. The testimony, part of the Financial Stability Oversight Council’s (FSOC) annual report,…

[ad_1] Quick Take Bitcoin’s recent surge past $47,000 is accompanied by a notable development — over 92.5% of its circulating supply is now in profit. The figure represents the percentage of existing coins whose price at their last movement was lower than the current price. Interestingly, during Bitcoin’s previous peak at $49,000, just above 93%…

[ad_1] Quick Take The rapid growth and success of Bitcoin ETFs, specifically the group termed the ‘Newborn Nine,’ excluding GBTC, is reshaping the dynamics of Bitcoin holdings. In just one month since their inception, according to Bitcoin website Apollo, these ETFs have outpaced MicroStrategy by acquiring 192,000 Bitcoins compared to MicroStrategy’s 190,000 in its corporate…