Author: Coindesk
AI has captured the attention of the technology world for the last year and a half, with concerns aired that tech giants like Microsoft (MSFT), Alphabet (GOOG) and Meta (META) will establish a hegemony over the sector. That’s partly what spurred the Web3 companies to try to build a decentralized AI infrastructure, where data is transparent and shared openly between contributors. Read the full article here
“Ethereum works well enough,” said PayPal’s Senior Vice President of Blockchain, Jose Fernandez da Ponte. “But if you’re interested in retail payments as we are, basically you need at least 1000 transactions per second, and you need transaction costs in the pennies, not in the dollars.” Read the full article here
Crypto markets were muted during the European morning, with bitcoin appearing to consolidate around $68,000 following its rally to $70,000 at the start of the week. BTC is priced at just over $67,800 at the time of writing, around 1% less than 24 hours ago. The broader digital asset market, as measured by the CoinDesk 20 Index (CD20), has dropped about 0.65% during that time. ETH meanwhile is trading just above $3,800, down a little over 2% in the last 24 hours as the market awaits further news on the listing of spot ether ETFs in the U.S. following last…
“If power becomes the biggest constraint to scale up artificial intelligence (AI) computation, we see bitcoin miners as a strategic asset controlling power, land and with significant operating capabilities in running data centers,” the authors wrote. Read the full article here
Ripple’s donations account for roughly half of the more than $100 million Fairshake has raised from major players in the crypto space, including crypto exchanges Coinbase and Gemini, venture capital firm Andreessen Horowitz and asset manager ARK Invest. Read the full article here
The team spent some time looking at layer-2 technologies from Arbitrum, Optimism and zkSync before settling on Matter Labs’ ZK Stack, Whittaker initially told CoinDesk, but the team later clarified that they were looking at zero-knowledge rollups. The ZK Stack is a customizable software toolkit that lets developers spin up their own chains based on zkSync’s technology. A key component of the ZK stack, as well as other ZK rollups, is that it uses zero-knowledge proofs, a type of cryptography that’s one of hottest trends in blockchain. Read the full article here
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.…
Volatility Shares’ 2x Ether Strategy ETF (ETHU) will become the first leveraged crypto ETF available in the United States after the U.S. Securities and Exchange Commission (SEC) let it go effective, the company posted on their website, adding that trading will begin on June 4. Read the full article here
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.…
A U.S. citizen, Gambaryan has been in detention in Nigeria for more than two months. He was invited by the nation’s authorities to resolve a dispute that government has with Binance. Instead, after a meeting with government officials, he and another Binance executive, Nadeem Anjarwalla, were taken by law enforcement officials. Anjarwalla later escaped but is included in the money laundering charges. Read the full article here