Bluesky, a decentralized alternative to Twitter, has secured $8 million in a seed round led by Neo, a community-led firm with partners including Code.org co-founder Ali Partovi and former director of product management Suzanne Xie, the company said in an announcement Wednesday. Other notable investors in the round include Kubernetes co-creator Joe Beda, Bob Young of Red Hat, and Protocol…
Twitter’s rate limit is a tool created to control how their application programming interface (API) is used in order to stop abuse and provide equitable access to resources. It sets restrictions on how many queries a user or application can submit in a certain period of time. This article will shed light on the rationale behind Twitter’s rate limit and…
Royalties earned by nonfungible token (NFT) projects have reached their lowest point in two years, according to a report from blockchain analytics firm Nansen. Data shared with Cointelegraph highlights the low point for NFT royalties before the impact of a recent drop in the floor price of Bored Ape Yacht Club NFTs as well as controversy surrounding the launch of…
Leading public blockchain platform Tron, in collaboration with Huobi Ventures, and BitTorrent Chain , will open submissions for the fifth season of its popular HackaTron on July 6, 2023. A pool worth up to $500,000 is up for grabs for developers who impress the judges with promising blockchain solutions and decentralized applications. Season five of the HackaTron presents a reorganized…
OpenAI says it’s planning to create a team to help manage the risks that could come from a superintelligent AI system that it expects to arrive within the decad… Source: https://cointelegraph.com/app/public/index.php/news/openai-creates-a-new-team-to-tackle-superintelligent-ai-systems
As crypto prices continue to remain at lower levels, venture capital funding also recorded one of its lowest quarters since 2021. Despite this, executives working in the space remain positive about the industry’s long-term potential. Crypto data platform Rootdata highlighted that the second quarter of 2023 showed one of the lowest performances in terms of crypto fundraising. Compared to the…
The United Arab Emirates’ combined Bitcoin mining capacity is estimated to be around 400 megawatts or 4% of Bitcon’s global hash rate. Source: https://cointelegraph.com/app/public/index.php/news/uae-emerges-as-a-pro-bitcoin-mining-destination-in-the-middle-east
Binance cryptocurrency exchange is preparing for another upgrade of its wallet infrastructure, warning users about the upcoming address migration. On July 6, Binance officially announced that it will be retiring selected deposit addresses in batches as part of a network address migration scheduled for Q3 2023. Binance’s latest wallet upgrade will affect a total of 40 cryptocurrencies, including Bitcoin (BTC),…
The Commodity Futures Trading Commission (CFTC) has concluded that the bankrupt crypto lender and its former CEO Alex Mashinsky broke U.S. rules before the company’s collapse last year, according to a Bloomberg report citing unnamed sources. Celsius was a popular crypto lending platform that allowed users to deposit cash and earn returns on their digital assets. The New Jersey-based company…
Bitcoin (BTC) reached new 2023 highs on July 6 as a fresh bounce off key support buoyed bulls. BTC/USD 1-day chart. Source: TradingView Bitcoin analyst warns of “predatory range” Data from Cointelegraph Markets Pro and TradingView showed BTC price action surging through the top of its recent trading range. Analysts had previously reckoned on the largest cryptocurrency dropping further, potentially…
