Author: Coindesk

Maple’s Syrup promises users yields of 15% by depositing Circle’s USDC stablecoin into the platform, for which those users receive LP tokens (syrupUSDC), with additional yield in the form of “Drips,” a loyalty payment derived from using the SYRUP rewards token, Maple said in a press release on Tuesday. Read the full article here

“Ryan Salame agreed to advance the interests of FTX, Alameda Research, and his co-conspirators through an unlawful political influence campaign and through an unlicensed money transmitting business, which helped FTX grow faster and larger by operating outside of the law,” U.S. Attorney Damian Williams said in a statement. “Salame’s involvement in two serious federal crimes undermined public trust in American elections and the integrity of the financial system. Today’s sentence underscores the substantial consequences for such offenses.” Read the full article here

“Bitcoin is now a major asset class with more than $1 trillion of market value,” said company Chairman Eric Semler. “We believe it has unique characteristics as a scarce and finite asset that can serve as a reasonable inflation hedge and safe haven amid global instability. We also believe its digital, architectural resilience makes it preferable to gold, which has a market value of approximately 10 times that of bitcoin.” Read the full article here

The problem here isn’t with AI at all; it’s the outdated, centralized, X-as-a-Service models, where there’s no incentive either to guarantee the security of their systems or to develop applications that the market and ordinary users want. The preferred future of AI — where it is safe, secure, and, above all, able to draw on vast compute resources — can only be achieved by flipping the cloud on its head and embracing the decentralization revolution. Read the full article here

EasyA alumni have already founded projects valued at over $2.5 billion and won funding from top VCs like a16z, Founders Fund, YC and many more. Just last month, Cognition AI, founded by EasyA hackathon winner Walden Yan, was valued at $2 billion. Walden first pitched his idea for DALLE on the blockchain at an EasyA hackathon at Harvard. Two years later, he’s built a transformative company.. Read the full article here

Bitcoin fell below $68,000 after wallets belonging to Mt. Gox transferred $9 billion worth of BTC to an unknown address early Asian morning. The transaction is possibly part of a plan to repay creditors by Oct. 31. BTC dropped as low as $67,680, a decline of over 1.5% in the last 24 hours, following the transfer having climbed above $70,000 on Monday. Bitcoin subsequently seemed to shrug off the dip to reclaim $68,000 during the European morning. At the time of writing it is just under $68,500, largely unmoved in the last 24 hours. The CoinDesk 20 Index (CD20) meanwhile…

By June 1, 2024, all crypto platforms providing trading services known as virtual asset trading platforms (VATPs) in Hong Kong must be either licensed by the SFC or “deemed-to-be-licensed,” which is a temporary arrangement during the process to get fully compliant. Beyond that deadline, it would be a “criminal offence to operate in Hong Kong” in breach of anti-money laundering and counter-terrorism laws, the SFC said. 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.…

Almost everybody – all but 2% – had at least heard of bitcoin (BTC). A wide segment of voters claimed they’re also familiar with Ethereum’s ether (ETH), with less than half (46%) saying they’d never heard of it. About 17% of voters say they’ve invested in bitcoin, putting that asset nearly as high as those who say they have bonds, and significantly higher than those who invest in exchange-traded funds (ETFs). 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.…