The United States Securities and Exchange Commission (SEC) has initiated legal proceedings against Terraform Labs and its co-founder, Do Kwon, by submitting a demand for the company to pay civil fines and disgorgement in the amount of billions of dollars. The SEC has filed a petition in response to a judgement in a civil matter, … Continue reading SEC Seeks $5.3B Judgment Against Terraform Labs and Do Kwon
n a recent announcement, Binance stated that users are strongly encouraged to deposit their BEP2 B-tokens into their Binance accounts before the complete sunset of the BEP2 network in June 2024. By doing so, users will be able to withdraw their B-tokens via the native network or other networks supported by Binance. BEP2 is a … Continue reading Binance to Phase Out Deposits on BNB Beacon Chain (BEP2)
In a move to bolster its AI workload management capabilities, NVIDIA has entered into a definitive agreement to acquire Run:ai, a prominent provider of Kubernetes-based workload management and orchestration software. With AI deployments becoming increasingly complex and distributed across multiple infrastructures, efficient resource utilization has become a priority for enterprises. Run:ai offers an open platform … Continue reading NVIDIA Acquires GPU Orchestration Software Provider Run:ai for $700 Million
The United States of America (USA) and Nigeria are poised to explore potential partnership opportunities in the digital economy, emerging technology, and the advancement of artificial intelligence (AI). The discussions aim to strengthen economic ties between the two countries and foster deeper collaborations in these areas. The Deputy Chief of Mission at the U.S. Embassy, … Continue reading USA and Nigeria to Discuss Digital Economy and AI Advancements for Economic Growth
To tackle the scalability issues that blockchain networks are facing, A16z Crypto, the investment company Andreessen Horowitz’s cryptocurrency-focused branch, has unveiled Jolt, a zero-knowledge solution known as zkVM. This creative technique integrates SNARKs (Succinct Non-Interactive Arguments of Knowledge) in an effort to expedite and simplify blockchain scaling procedures. What is zkVM (Jolt)? Jolt is a … Continue reading A16z Crypto Introduces Jolt zkVM for Blockchain Scaling
As artificial intelligence (AI) becomes increasingly integrated into our daily lives, concerns about bias within AI systems have garnered significant attention. Bias in AI refers to the systematic errors or inaccuracies in decision-making processes, often resulting from the unconscious prejudices of its developers or the data used to train the algorithms. Addressing bias in AI … Continue reading AI bias: how blockchain can ensure its safety
DWF Labs is committed to investing in 50 startups operating in the web3 space, with a significant investment of USD $500,000 reserved for the most promising business. The partnership builds upon the foundation laid by the previous agreement, which included the establishment of a $5 million growth platform for Web3 businesses at the DMCC Crypto … Continue reading DWF Labs Renews Collaboration with DMCC to Propel MENA Blockchain Ecosystem Forward
Binance, the largest cryptocurrency exchange, has recently announced the launch of Binance Megadrop, a new token launch platform that offers a unique combination of airdrops and Web3 quests. This platform allows users to subscribe BNB to Locked Products and complete tasks in their Web3 Wallet to gain early access to rewards from selected Web3 projects … Continue reading Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests
Binance, a leading cryptocurrency exchange, has unveiled its latest update, which introduces new trading pairs and the availability of Trading Bots services on the Binance Spot platform. This move is in line with Binance’s commitment to delivering an exceptional trading experience to its users and expanding their trading options. Effective from April 19, 2024, Binance … Continue reading Binance Adds APT/USDC, GALA/USDC, NEO/USDC, OMNI/BRL, and STX/USDC Trading Pairs
India has been taking multiple stances when it comes to blockchain and cryptocurrencies, as cryptocurrency has not been deemed legal, but not considered illegal either. The National Payments Corporation of India (NPCI) recently designed and adopted a blockchain-based system for automating payment clearing and settlement processes. Earlier this year, the Bank for International Settlements (BIS) … Continue reading India Taking a Step Towards CBDC After the Debut of its Blockchain-Based Payment System Vajra?