As the United States stares down the barrel of a potential debt default come June, a curious and intriguing solution has emerged: crafting a single $1 trillion platinum coin. This unusual tactic exploits a legal loophole that allows the Treasury Department to mint platinum coins of any value. By delivering such a coin to the U.S. central bank, the Treasury…
The judge presiding over crypto exchange FTX’s bankruptcy case has given the green light to a motion allowing the sale of LedgerX. In a May 4 hearing in United States Bankruptcy Court for the District of Delaware, Judge John Dorsey approved a motion from the FTX debtors filed in April to sell LedgerX to M7 Holdings, an affiliate of Miami…
Layer 1 blockchain Avalanche has partnered up with Alibaba Group’s digital technology and intelligence division, Alibaba Cloud, to build out metaverses on the blockchain. The metaverse launcher, Cloudverse, was announced at the Avalanche Summit II Conference in Barcelona. The partnership aims to provide businesses that operate inside the Alibaba ecosystem with a fast and seamless way to launch and maintain…
Microsoft recently announced a slew of new artificial intelligence (AI)-powered features for its Bing chatbot and Edge web browser. Chief among the changes, Bing users now have full access to the GPT-4 model — the same underlying engine that powers ChatGPT’s “Plus” subscription service. Previously, Microsoft held access to the GPT-4 version of the Bing chatbot to a “limited preview.”…
The latest version of the legislation included limiting the Federal Reserve from using the U.S. state as a potential testing ground for its own CBDC pilot. Source: https://cointelegraph.com/public/index.php/news/north-carolina-house-passes-bill-banning-cbdc-payments-to-the-state
Web3 bug bounty platform Immunefi exists because it’s impossible to write completely secure code, said co-founder and CEO Mitchell Amador on the latest episode of gm from Decrypt podcast. But with billions of dollars running through the pipelines of cryptocurrency protocols, finding and fixing vulnerabilities has become a costly problem to solve. Just last month, Immunefi published a report showing…
Decentralized exchange (DEX) Chronos set a new milestone on May 4, reaching $217 million in total value locked (TVL) at the time of writing, just seven days after its launch on the Arbitrum blockchain. With the new TVL figures, Chronos ranks eighth among the largest decentralized exchanges, according to DefiLlama. In DeFi, total value locked represents the funds held or staked…
Imagine coming home and opening your fridge to find a jar filled with your favorite juice. After taking a sip, you realize that the kind soul who prepared the juice added too much water, and there’s not much you can do to fix it — removing water from juice is a complicated process. However, if instead the juice-maker was too…
Bitcoin’s network has been putting miners through the wringer lately, with five straight difficulty increases that had them on edge. However, on May 4, 2023, at block height 788,256, the network difficulty level took a dip, dropping by 1.45% and bringing the overall difficulty down to 48.01 trillion for the next two weeks. Bitcoin Difficulty Takes a Dip After Five…
The House of Representatives for North Carolina has unanimously passed legislation aimed at prohibiting payments to the U.S. state using a central bank digital currency, or CBDC. In a May 3 vote, 118 members of the state’s legislative body agreed to pass House Bill 690, with only two representatives absent and none voting against the bill. The latest version of…
