Wasabi Wallet Lead Developer: ‘Bitcoin Developers Are Failing El Salvador’

June 18, 2024 Bitcoin.com

Adam Ficsor

Adam Ficsor, the lead developer of Wasabi Wallet, a privacy-centric Bitcoin wallet, has revealed his position regarding the slow adoption of Bitcoin in El Salvador. In a recent interview, Ficsor stated that Bitcoin developers have failed El Salvador, having been unable to improve the situation of Bitcoin as a means of exchange, even with the […]

US Spot Bitcoin ETFs Face Third Day of Outflows, 5 Million Drained on Monday

US Spot Bitcoin ETFs Face Third Day of Outflows, $145 Million Drained on Monday

Bitcoin bank proposal gains momentum in El Salvador

June 15, 2024 Coin Telegraph

and Investment Commission

The Bank for Private Investment will “diversify the financing options” available to investors in both Dollars and Bitcoin.

El Salvador's pro-Bitcoin president Nayib Bukele is proposing the establishment of private investment banks within the nation, which if approved, will offer Bitcoin (BTC) investors access to financial services and fewer restrictions compared to traditional banks.

“As part of our economic plan for El Salvador, we propose a BPI, Bank for Private Investment, where we can diversify the financing options offered to potential investors in Dollars and Bitcoin,” the Salvadoran Ambassador to the United States Milena Mayorga wrote in a June 14 post on X.

“President Bukele hits the ground running in new term with new legislation establishing a Bitcoin Bank,” senior Bitcoin advisor to Bukele, Max Keiser, added on the same day, noting Ark Invest CEO Cathie Wood’s forecast that El Salvador’s real GDP “could scale 10-fold during the next five years” has only become “more likely.”

US Spot Bitcoin ETFs Face Third Day of Outflows, $145 Million Drained on Monday

Apple supercharging Siri and iOS with ‘Apple Intelligence’ and OpenAI

June 8, 2024 Coin Telegraph

Apple

Social media and tech news pundits haven’t responded positively to the nomenclature.

Apple is set to reveal its answer to the artificial intelligence (AI) wildfire that’s sweeping the technology sector: Apple Intelligence.

According to a report from Bloomberg, the Cupertino company will take to the stage during its Worldwide Developers Conference (WWDC) on June 10-14 to announce its new “Apple Intelligence” lineup of AI-powered products and services.

Apple’s plan, per the report, is to unveil a hybrid onboard/cloud approach to integrating AI services throughout its suite of products. Where available, iPhone and iPad will use discrete hardware (onboard chips) to run AI services and, in instances where more powerful models are needed, devices will rely on cloud services.

US Spot Bitcoin ETFs Face Third Day of Outflows, $145 Million Drained on Monday

Bitcoin Miner Bitdeer Expands With Acquisition of ASIC Designer Desiweminer

June 6, 2024 Bitcoin.com

Acquisition

Bitdeer Technologies Group announced its acquisition of Desiweminer, a noted player in the crypto ASIC design landscape. The agreement, finalized on June 3, 2024, involves the exchange of 20 million Bitdeer shares and introduces stringent transfer restrictions, with a vesting period extending up to seven years. Bitdeer and Desiweminer Join Forces in Multimillion-Share Acquisition Deal […]

US Spot Bitcoin ETFs Face Third Day of Outflows, $145 Million Drained on Monday

Google and Magic Leap partner up to make metaverse goggles despite past flops

June 2, 2024 Coin Telegraph

Apple

It’s unclear why the two companies have partnered up, but the scheme comes amid Apple’s push to dominate the “spatial computing” market.

Magic Leap recently announced “a multi-faceted, strategic technology partnership” with Google to develop new extended reality technologies.

The partnership marks what could be considered an odd pairing in the tech world. Google recently trimmed down its augmented and extended reality teams (AR/XR) and Magic Leap is the creator of one of the field’s biggest flops. Still, as this news could indicate further competition for Apple and Meta when it comes to metaverse hardware and experiences, it very well could bode well for the metaverse as a whole.

The partnership will highlight Magic Leap’s advances in the field of optics alongside Google’s infrastructure, according to a statement from Magic Leap CTO Julie Larson-Green:

US Spot Bitcoin ETFs Face Third Day of Outflows, $145 Million Drained on Monday

Blockchain helps harvesting better avocados in Kenya — Here’s how

May 30, 2024 Coin Telegraph

Adoption

Small-scale farmers lack the essential tools to address significant challenges in avocado production. Here’s how blockchain and AI can help them.

Avocado is important for Kenya. Beyond being an essential side dish and a pudding ingredient for the local population, this pear-shaped fruit is also a major contributor to Kenya’s export proceeds.

In a global market valued over $15 billion in 2023, Kenya proudly stands as the fourth biggest avocado producer — and the biggest in Africa — thanks to its climate that enables perennial production.

US Spot Bitcoin ETFs Face Third Day of Outflows, $145 Million Drained on Monday

Crypto Exchange Binance Discloses Investment in L2 DEX Protocol Aevo

May 21, 2024 The Daily Hodl

AEVO

The venture capital arm of the world’s largest crypto exchange by trading volume is announcing a new investment in a decentralized exchange (DEX) protocol. According to a new press release, Binance Labs has invested in a layer-2 (L2) DEX called Aevo, a rebrand of Ribbon Finance. Aevo bills itself as a high-performance derivatives DEX platform tailored for futures […]

The post Crypto Exchange Binance Discloses Investment in L2 DEX Protocol Aevo appeared first on The Daily Hodl.

US Spot Bitcoin ETFs Face Third Day of Outflows, $145 Million Drained on Monday

Ripple publishes math prof’s warning: ‘public-key cryptosystems should be replaced’

May 19, 2024 Coin Telegraph

Coin Telegraph

Mathematician Massimiliano Sala says current encryption methods won’t protect blockchain systems from quantum computers.

Professor Massimiliano Sala, of the University of Trento in Italy, recently discussed the future of blockchain technology, as it relates to encryption and quantum computing, with the crew at Ripple as part of the company’s ongoing university lecture series.

Sala’s discussion focused on the potential threat posed by quantum computers as the technology matures. According to the professor, current encryption methods could be easy for tomorrow’s quantum computers to solve, thus putting entire blockchains at risk.

Per Sala:

US Spot Bitcoin ETFs Face Third Day of Outflows, $145 Million Drained on Monday

Vitalik Buterin Outlines Improvements for Ethereum’s Decentralized Future

May 19, 2024 Bitcoin.com

bitcoin.com

Ethereum co-founder Vitalik Buterin has proposed several enhancements aimed at improving the network’s permissionlessness and decentralization. The proposed changes focus on tackling issues such as miner extractable value (MEV), hardware requirements, and staking dynamics. Ethereum Co-Founder Proposes Enhancements to Boost Ethereum’s Decentralization Vitalik Buterin, Ethereum co-founder, recently shared his vision for the future of Ethereum’s […]

US Spot Bitcoin ETFs Face Third Day of Outflows, $145 Million Drained on Monday

‘Godfather of AI’ advises UK government to start UBI

May 18, 2024 Coin Telegraph

chatGPT

Geoffrey Hinton also warns that advanced AI could pose an existential threat within the next five to twenty years.

Geoffrey Hinton, a world-renowned artificial intelligence (AI) expert often referred to as the “Godfather of AI,” recently consulted with members of the United Kingdom’s government at Downing Street where he advised lawmakers to consider adopting a universal basic income (UBI) to deal with the impending threat of job loss.

Until recently, Hinton worked for Google developing high-level AI features for neural networks — the underlying technology that powers most modern generative AI systems such as Google’s Gemini and OpenAI’s ChatGPT.

According to Hinton, the AI revolution will mostly benefit the rich. Laypersons, blue collar workers, and those employed in jobs that can be automated stand to lose their means of income and “that’s going to be bad for society” he recently told the BBC in an interview.

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