Category: Latest news
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Meta unveils AI-driven image and video editing tools
[ad_1] Social media giant Meta has introduced two new generative artificial intelligence (AI)âbased tools for editing images and videos for Facebook and Instagram uploads. In a Nov. 16 post, Meta said Emu Video and Emu Edit would allow users to edit videos and images using text prompts. These tools are built on Metaâs Emu, the…
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Bitcoin outstrips Ethereum in daily transaction fees for first time since 2020
[ad_1] Quick Take Bitcoin transaction fees have eclipsed Ethereum’s on a single-day basis, reaching a notable $11.6 million, a feat not seen since late 2020, according to Cryptofees. This surprising surge is attributed to an increasing inscription frenzy. Comparatively, Ethereum’s daily transaction fees rest at a slightly inferior $8.5 million. However, when projected onto a…
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Ethereum Name Service decries Unstoppable Domains patent as a threat to open-source ethos
[ad_1] Nick Johnson, the lead developer of Ethereum Name Service (ENS), accused Unstoppable Domains of patenting its open-source innovation regarding âResolving Blockchain Domainâ in a Nov. 16 open letter posted on social media platform X (formerly Twitter). Johnson asserted that Unstoppable Domainsâ patent was solely based on ENS-developed innovations without any unique contributions from the…
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Federal Reserve accelerates balance sheet reduction with $46 billion cut in a week
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Global securities regulators push for worldwide digital asset oversight with 18 new policy recommendations
[ad_1] The International Organization of Securities Commissions (IOSCO) has released the final report of its 18 policy recommendations for digital assets designed to bring uniformity and robust oversight. IOSCO is a global cooperative of securities regulatory agencies that aims to maintain fair and efficient markets. It was established in 1983, and its membership regulates more…
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Ordinal-like transactions surge as gas fees go ‘crazy’ on Polygon network
[ad_1] The proliferation of Ordinal-like transactions of PRC-20 tokens appears to have pushed gas fees on Polygon (MATIC), an Ethereum (ETH) layer-2 network, to yearly highs. While the network fees have since receded to previous lows, data from livdir.com shows that the average gas fee peaked at over 5,000 Gwei on Nov. 16. Data from…
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Ecosystem debate ignites over Polkadot leadership strategies as Parity CEO focuses on innovation
[ad_1] The significant rise in criticisms within the Polkadot ecosystem, spearheaded by Dakota Barnett, CEO of Polkadot parachain InvArch, casts a sharp light on the perceived management and strategic shortcomings of the leadership at Parity Technologies and co-founder Gavin Wood. Barnett stated, âUntil @gavofyork steps up the hell up or @bjornwgnr gets his shit together,…
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OpenAI strategizes ChatGPT entry into classrooms supporting academic research on AI-assisted learning
[ad_1] OpenAI, previously embroiled in controversy over its ChatGPT chatbotâs potential for facilitating academic cheating, is now taking strides toward integrating the technology into classroom settings, according to Reuters. The development reflects a significant paradigm shift in the perception and application of generative AI in education. Brad Lightcap, the Chief Operating Officer of OpenAI, reportedly…
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Pyth Network sets retroactive airdrop for Nov. 20
[ad_1] Pyth Network, a decentralized data oracle platform for blockchains, has scheduled its retrospective airdrop for Nov. 20. Airdrop According to available information, the PYTH token will have a total supply of 10 billion tokens with an initial circulating supply of 1.5 billion. Pyth Network has earmarked almost 6% of the total tokens, or 600…
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Three arrested in $10M bank fraud, crypto laundering scheme
[ad_1] The U.S. Attorneyâs Office for the Southern District of New York and the FBI announced three arrests related to a $10 million scheme involving cryptocurrency on Nov. 16. The authorities said that Zhong Shi Gao, Naifeng Xu, and Fei Jiang were arrested after participating in a scheme to steal millions of dollars from U.S.…