Author: Coindesk

Shares in Nvidia reached a record high during Wednesday’s post-market hours after the company beat analyst estimates to report record revenue of $26.04 billion for the first quarter. The rally might be a positive signal for cryptocurrencies, including tokens supposedly associated with AI technology. This is because, historically, the inflow of money into the crypto market and the so-called AI coins has been partly contingent on outsized gains in NVDA and the tech-heavy Nasdaq index. Top AI coins such as FET, ICP, RNDR and GRT traded mixed, having rallied in the lead-up to the NVDA announcement, according to data by…

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I have a history of working at heavily-regulated financial institutions, which has given me expertise leading teams that can innovate in a responsible, transparent way that meets the highest regulatory standards. However, given my time as CEO of Securrency, I’ve witnessed the power of a fintech that can innovate quickly. This blend of experience between the traditional and the startup worlds has helped me, as a leader, to better understand how to strike the right balance between agile and responsible innovation. Read the full article here

This absence of “wallet awareness” is glaring. True Web3 content should react to wallet data, creating dynamic and personalized interactions. In Web2, some sites already offer tailored experiences based on user data. Web3 should go even further by using wallet information to deliver curated content, targeted recommendations, personalized growth marketing, and actionable insights by default. Read the full article here

In October 2023, Polygon Labs, Solana Foundation and DeFi Education Fund co-hosted the first Crypto Policy Bootcamp. The event brought together founders, CEOs, VCs, and other stakeholders to engage with policy experts, political advocates, and Congressional staffers and members of Congress. Discussions centered on how to talk about the value of blockchain technology. Through the various panels and accompanying dialogue, the bootcamp produced many takeaways, including: Read the full article here

Gensyn, for example, is building a decentralized network that will let the untapped computing power from individual users (like you and me) be harnessed for the training of AI data, a la Filecoin for cloud storage. “We’re kind of running out of places to build enormous data centers,” Gensyn’s co-founder Ben Fielding told me last year, before this became a trendy topic. If Gensyn pulls this off, says Fielding, “You don’t just have one big data center. Now you have every data center on the planet.” (Fielding will also be taking the stage at the AI Summit, along with the…

The SEC, after weeks of limited engagement, asked exchanges supporting spot ether ETF applications to refile their 19b-4 forms with universal language earlier this week. Those forms were submitted to the SEC by Tuesday, and the exchanges began publishing them online that night. The SEC also appears to have begun engaging with the would-be issuers themselves, as companies like Fidelity and Grayscale filed updated S-1 forms this week. The SEC has to make a final decision on at least one spot ether ETF application by the end of the day Thursday. Read the full article here

With these services, press releases are generally just “syndicated”, meaning that, although they will indeed be published by dozens of news sites, including crypto-focused ones, they’ll often end up published in a non-editorial “backyard” section of the website that gets a lot less eyeballs. The actual content will just be a duplicated version of the original press release, with no editorial review, no analysis, no opinions or unique interpretation of what’s happening. Just a sponsored labeled press release, with a regulatory requirement to disclose that it’s basically just a paid ad, which generates neither the credibility or trust projects are…

The Fantom team also shared that once the Sonic chain goes live, expected sometime this year, the network will have its own native token, $S, “which will be 1:1 compatible with Fantom’s existing $FTM token after a recent governance vote codifying the two tokens’ interoperability.” Read the full article here

Bitcoin (BTC) saw a similarly hectic episode sinking to the low-$66,000s, then spiking to $68,300 before paring gains below $68,000. However, ETH performed stronger, advancing 1.5% over the past 24 hours, compared to BTC’s almost 3% decline during the same period. The broad-market CoinDesk 20 Index was down 1.6% during the day. Read the full article here