The crypto arm of Nomura has obtained an operating license from Dubai’s Virtual Asset Regulatory Authority (VARA) amid the Japanese financial holding’s attempts to leave its mark in the digital asset space. Laser Digital Middle East FZE, Nomura’s Dubai-based digital asset subsidiary, announced on Aug. 1 that the new virtual asset service provider (VASP) license would allow it to offer…
Genesis Digital Assets (GDA), is expanding its U.S. operations, having announced the opening of three new Bitcoin mining data centers in South Carolina. One of GDA’s new data centers is located near Anderson, and another two are found between the towns of Union and Lockhart. The three sites all began operations this year and have a combined total capacity of…
Using artificial intelligence (AI) in creative industries is not an entirely new phenomenon. Whether in color-correcting images or cleaning up vocals, the technology has been deployed for years. However, since the emergence of generative AI chatbot ChatGPT made AI tools widely accessible to the public, there has been a stir surrounding the technology’s place in the arts. Music industry giants…
Term Labs today launches its fixed-rate lending protocol on Ethereum. Term Finance is a milestone towards the development of a more mature crypto market, one with rules more familiar to TradFi lenders and borrowers than current Decentralized Finance (DeFi) protocols. Variable rates are the current rule in DeFi, making it riskier for large professional portfolios to get on board. Interest…
In earnings calls for the second fiscal quarter for major tech companies, the mention of artificial intelligence (AI) has skyrocketed compared to the previous quarter, according to a report on the topic from Reuters. The S&P 500 companies that took the lead in discussions surrounding AI included Google’s Alphabet, Intel, Microsoft and Meta platforms, along with others who increased talks…
Decentralized Finance (DeFi) platform SushiSwap is set to integrate with the growing blockchain protocol Core, tapping into the protocol’s unique consensus mechanism to provide a broad set of DeFi services to its cross-chain functionality. The integration is touted to increase the possibilities for developers building within the Core ecosystem, with decentralized applications built on the protocol gaining access to SushiSwap’s…
FTX.com has outlined its intended re-organization plan that will categorize claimants of the bankrupt exchange into specific classes and pave the way for the exchange to become re-operational as an offshore entity. Dockets filed on July 31 include a draft plan of reorganization that outlines the company’s intended path to settle an “exceptionally large and complicated collection of claims”. There…
Bitcoin (BTC) shed 2% into the start of August as traders’ expectations of further downside slowly came true. BTC/USD 1-hour chart. Source: TradingView Bitcoin short-term holder breakeven point in focus Data from Cointelegraph Markets Pro and TradingView showed BTC price trajectory leaning lower at the July monthly close. Volatility was already anticipated, and BTC/USD did not disappoint after a week…
The controversial digital ID crypto project Worldcoin launched on July 24 after three years of development. The project was co-founded by Sam Altman, the CEO of OpenAI — the company behind the popular artificial intelligence (AI)-based chatbot ChatGPT. Worldcoin made headlines right after its announcement in June 2021, as it promised to create a futuristic digital identity system by scanning…
Blockchain technology firm ConsenSys publicly released its “Diligence Fuzzing” tool for smart contract testing, according to an Aug. 1 announcement. The new tool produces “random and invalid data points” to find vulnerabilities in contracts before they are launched. Over $2.8 billion was lost in decentralized finance hacks in 2022. According to ConsenSys, these losses are leading developers to embrace more…
