Andrena Raises $18 Million to Develop Solana-Based Depin Broadband Protocol Dawn

August 9, 2024 Bitcoin.com

andrena

Andrena, a U.S.-based internet service provider, has announced the completion of an $18 million extended Series A funding round led by Dragonfly Capital, with participation from CMT Digital, Castle Island Ventures, Wintermute Ventures, 6th Man Ventures, and Parafi. The funds will be used to develop Dawn, a Solana-based decentralized broadband distribution network. Andrena Raises $18 […]

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Nasdaq asks to list options on spot Ethereum ETFs — Filing

August 6, 2024 Coin Telegraph

Bitcoin Price

Exchanges are still waiting on permission to list options on spot Bitcoin ETFs, too.

Nasdaq’s options exchange asked United States regulators to permit options trading on spot Ethereum exchange-traded funds (ETFs), according to an Aug. 6 regulatory filing.

Nasdaq’s proposed rule change would apply exclusively to Blackrock’s iShares Ethereum Trust (ETHA), which is the only Ether (ETH) ETF listed on Nasdaq’s electronic exchange. The others are listed on the New York Stock Exchange’s (NYSE) Arca or Cboe.

The filing marks an important step towards widespread adoption of ETH ETFs, which listed in July and and proceeded to attract approximately $1.5 billion in net inflows, according to Morningstar.

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‘The Black Swan’ author says Bitcoin a poor hedge against market meltdown

August 6, 2024 Coin Telegraph

Bitcoin Price

Nassim Nicholas Taleb says gold still stands apart as a store of value.

Nassim Taleb, author of The Black Swan and adviser for Universa Investments, said during CNBC’s Squawk Box on Aug. 6 that the cryptocurrency market’s abrupt downturn on Aug. 5 shows Bitcoin (BTC) is a poor hedge against a systemic meltdown.

“Bitcoin is proving once again that it’s not a hedge against your assets melting,” according to Taleb, whose book The Black Swan explores the science of randomness and extreme outliers.

On Aug. 5, the entire crypto market saw a $510-billion drop in total market capitalization amid a marketwide downturn. Following the sell-off, over 60% of the top 50 cryptocurrencies lost all the gains made during 2024, according to CryptoQuant.

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Europe’s fourth largest hedge fund put nearly $500M in Bitcoin ETFs — Filing

August 5, 2024 Coin Telegraph

Europe’s fourth largest hedge fund put nearly 0M in Bitcoin ETFs — Filing

Banks

Other hedge funds are also reporting sizable positions in Bitcoin exchange-traded funds.

According to public disclosures filed on Aug. 5, Capula Management, Europe’s fourth-largest hedge fund, invested nearly $500 million in Bitcoin (BTC) exchange-traded funds.

The hedge fund, which is based in the United Kingdom and manages upward of $30 billion in investor assets, holds shares in Fidelity Wise Origin Bitcoin Fund (FBTC) and BlackRock’s iShares Bitcoin Trust (IBIT).

According to the filing, Capula owns shares worth more than $464 million in total, reflecting its portfolio as of June 30. The filings do not indicate that Capula owns any other crypto assets.

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Bitcoin ETF trading volume tops $1B amid crypto crash — Galaxy

August 5, 2024 Coin Telegraph

Bitcoin ETF trading volume tops B amid crypto crash — Galaxy

Bitcoin Price

Galaxy’s head of research expects the funds to see inflows as investors buy the dip.

Trading volumes for Bitcoin (BTC) exchange-traded funds (ETFs) surged past $1 billion at the start of trading on Aug. 5, as crashing markets triggered “extremely elevated” trading activity across crypto, Alex Thorn, head of research at asset manager Galaxy Digital, said in a post on the X platform.

After only 20 minutes of trading, Bitcoin ETFs have clocked more than $1.3 billion in trading volume, with iShares Bitcoin Trust seeing the highest churn at upward of $875 million, according to the post.

Thorn expects BTC ETFs to see net inflows from “dip buying” as investors clamor to take advantage of a roughly 8% drawdown in spot BTC prices since Aug. 4. The downturn was led by Ether (ETH), which dropped upwards of 21% after funds including Jump Trading and Paradigm VC sold hundreds of millions of dollars worth of Ether, according to an Aug. 5 report by QCP Group.

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Pan-African Tech Firm Cassava Technologies Launches AI Unit

August 5, 2024 Bitcoin.com

Artificial intelligence (AI)

Africa-focused technology and data services firm Cassava Technologies has created a separate business unit to oversee its artificial intelligence (AI) operations. The AI unit will offer data center, cloud, cybersecurity, fiber connectivity, and renewable energy services. Helping Clients Adopt Generative AI Pan-African technology firm Cassava Technologies is creating a separate business unit to focus on […]

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German quantum breakthrough highlights need for particle physicists in crypto

August 3, 2024 Coin Telegraph

Amazon

German quantum breakthrough highlights need for particle physicists in crypto

Breakthrough quantum computing research out of Germany could lead to a revolution in particle physics with implications for finance, economics, and cryptocurrency. It might be time for firms in the crypto industry to add chief science officers and particle physicists to their portfolios.

Much like the tech industry before it, crypto has bootstrapped itself on the virtue of its own feats of engineering and innovation. The engineering and innovation it took to invent blockchain and cryptocurrency are, arguably, analogous to the advent of personal computing and the internet.

Over the past 20 years, however, the tech industry has shifted towards hard science. Perhaps it’s time for crypto to follow suit.

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Nvidia delays next gen AI chip as investors issue ‘bubble’ warning

August 3, 2024 Coin Telegraph

Amazon

After briefly breaking the $3 trillion market capitalization mark in June, things have taken a negative turn for the world’s most valuable chipmaker.

Nvidia’s highly anticipated “Blackwell” B-200 artificial intelligence chip will reportedly be delayed, sending the near-term future of the entire AI industry into a state of uncertainty.

Tech news outlet The Information claims that a Microsoft employee and at least two other people familiar with the situation have stated that the new chip’s launch date has been pushed back by at least three months due to a design flaw.

While Nvidia hadn’t given a public launch date, CEO Jensen Huang recently announced that the company would begin sending engineering samples “this week” on July 31 at the SIGGRAPH event in Denver, Colorado.

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Google’s new Gemini AI model dominates benchmarks, beats GPT-4o and Claude-3

August 1, 2024 Coin Telegraph

This is the first time Google’s taken the top slot on the Chatbot Arena leaderboard.

There’s a new top dog in the world of generative artificial intelligence benchmarks and its name is Gemini 1.5 Pro.

The previous champ, OpenAI’s ChatGPT-4o, was finally surpassed on Aug. 1 when Google quietly launched an experimental release of its latest model.

Gemini’s latest update arrived without fanfare and is currently labelled as experimental. But it quickly gained the attention of the AI community across social media as reports began to trickle in that it was surpassing its rivals on benchmark scores.

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Nvidia stock jumps 11% after SIGGRAPH unveil: ‘next wave of AI is robotics’

July 31, 2024 Coin Telegraph

artificial intelligence

We’re entering the “third wave” of AI and the era of mechanical humanoids, according to Nvidia.

Nvidia looks like a world-beater again as a slew of announcements related to the “next wave” of artificial intelligence has its market capitalization up about 11%.

Speaking at the annual Special Interest Group on Computer Graphics and Interactive Techniques (SIGGRAPH) event in Denver, Colorado, Nvidia CEO Jensen Huang announced several new services designed to bridge the gap between the digital and physical worlds.

Per Huang:

Technology