Let’s get business out of the way before getting to the fun part: Meta, the parent company of WhatsApp, Facebook and Instagram, is heavily involved in virtual worlds through its metaverse unit, Reality Labs. However, its investments have yet to pay off, with the metaverse company reporting collective losses of over $40 billion. Despite the losses, investors are optimistic about…
Alibaba Group, the Chinese tech and e-commerce giant, announced the release of two open-sourced artificial intelligence (AI) models from its cloud computing department on Aug. 3, according to a press release. Its two large language models (LLMs) are dubbed Qwen-7B and Qwen-7B-Chat, each with 7 billion parameters. Alibaba said these two models are small-size versions of the Tongyi Qiawen, which…
With Argent’s new web wallet, users only have to supply dapps with an email address and a password to get started. Instead of connecting with the Starknet-based NFT building platform Briq, for example, users can now click the “create” button to test out the web wallet. Once an email is supplied, users are sent a confirmation code to the linked…
As it continues to grow, liquid staking brings considerable risks to the space and needs better decentralization, according to a report published by digital asset firm HashKey Capital. According to the report, the overall liquid staking derivatives (LSD) market has surged to more than $22 billion in total value locked in 2023. In addition, the market capitalization of LSD projects…
Jun Du, the co-founder of Huobi, has bought 10 million Curve tokens (CRV) for $4 million from Michael Egorov, the founder of Curve, as he seeks ways to decrease his exposed loan position. In an initial tweet on August 1, Du made his intention known to acquire 10 million CRV tokens at the prevailing market rate of $0.40, a value…
Ethereum gas consumption by nonfungible tokens (NFTs) has dropped significantly since its high in 2021. NFT marketplaces and projects that occupied top spots in gas consumption at the time have declined sharply in the past two years. Data shared by the on-chain analytics platform Glassnode shows that gas usage by NFT marketplaces is currently on a downward trend. This indicates a…
Crypto exchange Binance, on Thursday, August 3, announced that it would be opening trading for the Bitcoin/First Digital USD (BTC/FDUSD) and Ethereum/ First Digital USD (ETH/FDUSD) trading pairs alongside an updated zero-fee Bitcoin and Ethereum trading with newly added FDUSD stablecoin spot and margin pairs. As per the announcement, starting from 08:00 UTC on August 4, users will benefit from…
https://docs.google.com/document/d/1U8Kh-BgDD575lb3Mj3Xyqjd8_F8x65-gQ_muiys5up8/edit (piks for this article are in this doc) In today’s data-driven world, organizations of all sizes are inundated with vast amounts of information. Extracting actionable insights from this data can be overwhelming and time-consuming. Microsoft Power BI is a powerful business intelligence tool that empowers users to transform raw data into meaningful visualizations and interactive reports. In this article,…
The artificial intelligence (AI) chip developer Tenstorrent, announced the closing of a $100 million funding round on Aug. 3 which was led by major manufacturing companies Samsung and Hyundai, among others. The company said it raised $30 million from Hyundai, $20 million from the automobile manufacturer Kia, and $50 million from the Catalyst Fund by Samsung and other participating investors…
Bankrupt crypto exchange FTX filed a motion in court to remove its Dubai unit from the ongoing restructuring proceedings in the United States. In a court filing on Aug. 2, the crypto exchange argued that its FTX Dubai unit didn’t conduct any business prior to the bankruptcy filing, thus the subsidy has no likelihood of rehabilitating its operations. The court…
