Developers Fetch AI and SingularityNET have announced a new partnership to curb AI hallucinations using decentralized technology. The deal between Fetch AI and SingularityNET will focus on addressing the tendency of large language models (LLMs) to produce inaccurate or irrelevant outputs, or “hallucinations,” which they deemed to be two significant obstacles in building AI reliability and adoption. Decentralized platforms such…
El Salvador’s controversial $117.5 million Bitcoin investment briefly swung into profitability this past week for the first time in two years. This was a milestone of sorts because, until then, not much had gone right crypto-wise for the impoverished Central American nation. El Salvador still hasn’t come close to making Bitcoin (BTC) a medium of exchange as was anticipated when…
Hardware wallet manufacturer Ledger has warned users not to connect to decentralized applications (dapps), after a malicious version of the Ledger Connect Kit was identified. A spokesperson for Ledger told Decrypt that, “We have identified and removed a malicious version of the Ledger Connect Kit. A genuine version is being pushed to replace the malicious file now. Do not interact…
Teylor, a German-based fintech firm specializing in digitizing small business loans, has joined forces with digital asset infrastructure provider Taurus to turn small and medium enterprise (SME) loans into tokenized assets and provide tokenholders with monthly cashflows. In the partnership, Teylor originates and manages SME loans through its Teylor credit platform. By tokenizing part of this credit portfolio on the…
The front end of multiple decentralized applications (DApps) using Ledger’s connector, including Zapper, Sushiswap, and Revoke.cash, were compromised earlier on Dec. 14. SushiSwap chief technical officer Mathew Lilley reported that a commonly used Web3 connector has been compromised, allowing malicious code to be injected into numerous DApps. The on-chain analyst said that the Ledger library confirmed the compromise where the…
TMX Group, the operator of Canadian stock exchanges such as the Toronto Stock Exchange and the Montreal Exchange, is finalizing the acquisition of VettaFi, a major player in the exchange-traded fund (ETF) industry, including blockchain ETFs. The firm officially announced on Dec. 13 that it has agreed to acquire the remaining 78% of the common units of VettaFi for $848…
While Bitcoin’s decentralization gives many the freedom to transfer assets without the risk of censorship, malicious actors are also taking advantage of the network’s inherent privacy to move their stolen funds. Before the sanctions issued by the United States Treasury Department’s Office of Foreign Assets Control (OFAC) in 2022, Tornado Cash was the prominent choice for hackers to launder stolen…
As the cryptocurrency community has been focused on the potential approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States, some crypto-linked ETFs have already been racking up significant gains in 2023. One such ETF is the VanEck Digital Transformation ETF (DAPP), which has surged nearly 207% year to date (YTD), according to data from TradingView. Launched…
The Basel Committee on Banking Supervision of the Bank for International Settlements (BIS) proposed several measures on targeted adjustment to its standard on banks’ exposure to cryptoassets. A consultative document was published on the BIS website on Dec. 14. The document is the result of the review work conducted during 2023, which helped the committee formulate amendments to its original…
JP Morgan has poured cold water on hopes of a crypto bull run next year, with the bank’s analysts taking a “cautious” stance in their 2024 crypto outlook. Analysts led by Nikolaos Panigirtzoglou said in a newly published report that the Bitcoin halving is “largely priced in,” since the halving event and its effect on the Bitcoin supply are “predictable…
