Author: NBTC
There was an interesting discussion involving Ripple CTO David Schwartz in the crypto space on the topic of companies going public. Initially, the view was expressed that all tech companies that have gone public in recent years have performed dismally in their IPO offerings. The same view was echoed by another debater, who stated that in the startup world, such decisions are seen as a cash exit for its participants. In particular, an example is given when a developer joins a project for a low salary, but on the condition of a share in a future company, which acquires value…
OpenTensor Foundation (OTF) has proposed burning 10% of the Bitttensor (TAO) supply to stabilize the token’s price in response to a recent exploit that led to the loss of $8 million worth of the tokens. The decentralized AI network has put forward a vote for users to decide on the burn. Active voters participating in the proposal will be rewarded with compensatory DAO rewards at a later date. The exploit, which occurred on July 2, saw a Bittensor user lose 32,000 TAO tokens due to a leaked private key. The incident caused an immediate 15% drop in TAO’s price, hitting…
Amid the ongoing debate over China’s stance on cryptocurrencies, the East Asian nation has once again made its position clear. A recent ruling by the Wuhan Donghu New Technology Development Zone People’s Court in Hubei Province dismissed a crypto investment lawsuit, leaving the investor to shoulder the loss. This decision serves as a stark reminder of China’s strict regulations against digital assets. The plaintiff, Liu, began investing in crypto in 2020, allegedly at the urging of his colleague Wang. Liu claims he sent 1.84 million yuan to Wang and his third-party account using various payment methods from December 2020 to…
GenLayer has introduced the world’s first intelligent contracts, a major step forward in blockchain technology. These contracts can connect to the internet, process real-world natural language data and perform complex operations that were not possible earlier with existing blockchain systems. As an AI-driven system, this system intends to change the way smart contracts function. YeagerAI Launches GenLayer with $7.5M Seed Funding Led by North Island Ventures Building GenLayer is the work of YeagerAI, an ambitious artificial intelligence research lab founded by Albert Castellana, Edgars Nemše and José María Lagoaims with many years in the industry. In addition to this, their…
ETH faces significant resistance at $2,843, $2,905, and $2,927 levels. Breaking these levels could ignite an 11% rally towards $3,236. Failure to hold support may trigger a 4.6% decline, retesting $2,510. Ethereum (ETH) is currently navigating a crucial juncture as it faces significant resistance that could determine its next major move. After encountering resistance around $2,843, which aligns with the 50% price retracement level, ETH has pulled back slightly and is now trading at $2,737. This price action is happening in the shadow of two more key resistance levels; the daily resistance at $2,927 and the 50-day Exponential Moving Average…
Palo Alto — PIP Labs, the core contributor to Story, the world’s first IP blockchain, has raised $80 million in Series B funding. Led by a16z crypto and supported by investors like Polychain, the round brings PIP Labs’ total funding to $140 million. Other key investors include Stability AI’s VP Scott Trowbridge, K11 Founder Adrian Cheng, and digital art collector Cozomo de’ Medici. (Cover photo: S.Y Lee, Co-founder & CEO of PIP Labs)—A New Era for Intellectual Property (IP)Intellectual property is one of the largest asset classes globally, encompassing more than just movies and music. It includes training data, AI…
The United Arab Emirates said Monday it is closely monitoring developments of Telegram founder and CEO Pavel Durov following his arrest by French authorities on Saturday. The UAE’s Ministry of Foreign Affairs said it has “submitted a request to the French government to urgently provide him with all consular services,” according to a statement. “Caring for citizens, preserving their interests, and providing them with all necessary support are top priorities for the UAE,” the ministry said. Durov, a Russian-born entrepreneur and Emirati citizen was detained on Saturday at Paris-Le Bourget Airport as part of a judicial investigation initiated last month.…
Two new projects will be launched by Fully Homomorphic Encryption (FHE) Layer 2 Fhenix to hasten the adoption of its expanding ecosystem as per the latest announcement. For developers and projects interested in using Fhenix L2, twin grant and bounty programs have been established to provide incentives and assistance. To encourage researchers to explore the potential of Fully Homomorphic Encryption for confidential computing, the Fhenix Grant program has been established. Developers working on FHE infrastructure or planning to release confidential apps onchain are eligible to apply for the initiative, which is presently accepting applications. Projects that provide critical tooling for…
Prominent Israeli historian, philosopher and author of several bestselling books (“Sapience,” for example) Yuval Noah Harari has shared his take on artificial intelligence, along with giving his opinion on Bitcoin and other financial tools. He offered BTC a high appraisal, likening it to art. This happened after he took a jab at Bitcoin several months ago. The famous intellectual also made a stunning AI prediction, suggesting his own interpretation of this famous abbreviation. “Bitcoin is an art form,” and AI stands for “alien intelligence” Yuval Noah Harari has published part of a recent interview, in which he talks about the…
A group of crypto leaders, including Alluvial, Blockdaemon, Chainproof, Coinbase, DV Labs, Eigen Labs, Figment, Galaxy Digital, Nexus Mutual, and others, announced today the launch of the Node Operator Risk Standard (NORS) certification—a new benchmark for operational security and risk management within the Ethereum ecosystem. “The introduction of the Node Operator Risk Standard (NORS) signifies a pivotal advancement for the institutional adoption of Ethereum staking,” Zane Glauber, Head of Blockchain Infrastructure at Galaxy Digital, commented. The NORS certification is designed to streamline the due diligence process for banks and large institutions, making it easier for them to trust and engage…