What does Bitcoin smell like? AI startup wants to ‘teleport’ digital scents

August 18, 2024 Coin Telegraph

The technology could also help detect diseases such as cancer.

Artificial intelligence firm Osmo is working diligently to bring back the future we were promised in 1960 when Hans Laube introduced the world to “Smell-O-Vision.” Only this time, the goal is to improve the lives of humans everywhere by teaching computers how to interpret scent.

Osmo’s technology is a complex, multidisciplinary amalgamation of science and engineering at the cutting edge, but its purpose is simple. The company wants to build generative AI that can do for scents what OpenAI’s ChatGPT and Google’s Gemini can do for sounds and images.

Per the company’s website:

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BitVM Version 2 Introduces New Era for Bitcoin L2 Scaling Solutions

August 18, 2024 Bitcoin.com

Bitcoin (BTC)

On Aug. 15, 2024, the white paper for BitVM2 was published, outlining significant advancements in Bitcoin’s layer two (L2) capabilities. Building on the foundation laid by BitVM version 1, BitVM2 aims to bridge Bitcoin to second layers with improved scalability and security. New BitVM2 White Paper Introduces Advanced Solutions for Bitcoin L2 Scaling The original […]

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Swiss tech firm launches AI made of human brain cells rental service

August 17, 2024 Coin Telegraph

artificial intelligence

The organoids only live about 100 days, then, ostensibly, the AI dies.

Swiss technology firm FinalSpark recently launched a program that allows scientists to rent cloud access to “biocomputers” made out of human brain cells for a mere $500 a month.

The purpose of these biocomputers, according to FinalSpark, is to develop a highly efficient, low-energy solution to the ballooning costs associated with developing artificial intelligence models. The company says it could be as much as 100,000 times more efficient to use computers made of organic material to train AI than it is to use traditional silicon-based technology.

According to FinalSpark founder Fred Jordan, Neurospark is the only company to offer access to computers made out of clumps of human brian cells (called organoids). Their technology can be viewed live online.

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Franklin Templeton files S-1 for new crypto index ETF

August 16, 2024 Coin Telegraph

bitcoin etf

Issuers are lining up for the next wave of cryptocurrency exchange-trade funds.

Asset manager Franklin Templeton is seeking to launch a new exchange-traded fund (ETF) designed to as a one-stop-shop crypto portfolio, according to an Aug. 16 filing.

The Franklin Crypto Index ETF will track the performance of the CF Institutional Digital Asset Index, which currently only comprises Bitcoin (BTC) and Ethereum (ETH), the filing said.

“The Fund will seek to achieve its investment objective by investing in the Digital Assets in approximately the same weights as they represent in the Underlying Index,” according to the filing, which says that the ETF may hold additional types of cryptocurrencies in the future.

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AI researchers want to solve the bot problem by requiring ID to use the internet

August 16, 2024 Coin Telegraph

artificial intelligence

The researchers based their ideas on “proof of personhood” technologies developed by the blockchain community.

Artificial intelligence researchers are worried that AI bots are eventually going to take over the internet and spread like a digital invasive species. Rather than approach the problem by attempting to limit the proliferation of bots and AI-generated content, one team decided to go in the opposite direction.

In a recently published preprint paper, dozens of researchers advocate for a system by which humans would need to have their humanity verified in-person by another human in order to obtain “personhood credentials”

The big idea appears to be the creation of a system wherein someone could prove they were human without having to disclose their identity or any further information. If that sounds familiar to those of you in the crypto community, it’s because the research is based on “proof of personhood” blockchain technologies.

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Goldman Sachs, Capula, Avenir were biggest BTC ETF buyers in Q2 — CoinShares

August 16, 2024 Coin Telegraph

bitcoin etf

The companies collectively purchased nearly $1.3 billion worth of Bitcoin ETF shares during the quarter.

Asset managers Goldman Sachs, Capula Management, and Avenir Tech emerged as the biggest buyers of Bitcoin (BTC) exchange-traded funds (ETFs) in the second quarter of 2024, according to an analysis by CoinShares Research shared with Cointelegraph.

According to CoinShares’ review of quarterly 13F disclosures filed by large fund managers, the three investment firms collectively bought nearly $1.3 billion worth of BTC ETF shares.

Since launching in January, Bitcoin ETFs have seen enormous demand, aided in part by adoption by large financial institutions such as Morgan Stanley.

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Goldman Sachs, Capula, Avenir were biggest BTC ETF buyers in Q2 — CoinShares

August 16, 2024 Coin Telegraph

bitcoin etf

The companies collectively purchased nearly $1.3 billion worth of Bitcoin ETF shares during the quarter.

Asset managers Goldman Sachs, Capula Management and Avenir Tech emerged as the biggest buyers of Bitcoin (BTC) exchange-traded funds (ETFs) in the second quarter of 2024, according to an analysis by CoinShares Research shared with Cointelegraph.

According to CoinShares’ review of quarterly 13F disclosures filed by large fund managers, the three investment firms collectively bought nearly $1.3 billion worth of BTC ETF shares.

Since launching in January, Bitcoin ETFs have seen enormous demand, aided in part by adoption by large financial institutions such as Morgan Stanley.

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NYSE, Nasdaq withdraw 3 more requests for crypto ETF options rule changes

August 16, 2024 Coin Telegraph

bitcoin adoption

Activity keeps heating up around Bitcoin and Ethereum ETF options.

New York Stock Exchange (NYSE) American and Nasdaq International Securities Exchange (ISE) withdrew three more requests for rule changes related to listing options on Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs), according to regulatory filings submitted after market close on Aug. 14 and Aug. 15.

The withdrawals are the latest in a flurry of activity surrounding spot BTC and ETH ETF options in the United States. On Aug. 13, NYSE Arca withdrew another requested rule change intended to chart a path toward listing crypto ETF options.

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Chainlink Integrates Data Streams and VRF on Base Blockchain

August 16, 2024 Bitcoin.com

Base blockchain

Chainlink has expanded its offerings on the Base blockchain by launching its Data Streams and Verifiable Random Function (VRF) services. This development ensures that the full suite of Chainlink products is now accessible to developers using Base, a layer-two (L2) blockchain built on Ethereum. Chainlink Expands Services on Base Blockchain The recent integration of Chainlink’s […]

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New DeFi protocol Nudge aims to unlock hidden value in users’ wallets

August 15, 2024 Coin Telegraph

Coin Telegraph

Nudge seeks to unleash a new DeFi primitive called Re: allocation Value.

Nudge is launching a new decentralized finance (DeFi) protocol on Ethereum designed to unlock the economic value hidden in users’ wallets, it told Cointelegraph on Aug. 15.

It aims to create a two-sided marketplace where Web3 protocols pay users incentives — or “Nudges” — to redirect onchain assets, liquidity and engagement.

Nudge will unleash a new DeFi primitive called “Re: allocation Value” that represents the economic value of users’ onchain activities, according to the company.

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