Eigenlayer Introduces Permissionless Token Support, Expanding Crypto Economic Security Options

August 14, 2024 Bitcoin.com

AVS tokens

Eigen Labs has announced an upcoming update to the Eigenlayer protocol, introducing Permissionless Token Support. This feature aims to broaden the range of ERC20 tokens that can be utilized as restakable assets, enhancing the crypto economic security of decentralized networks. Permissionless Token Support Is Coming to Eigenlayer Eigen Labs revealed it is set to release […]

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Gold Prices Break $2,900 as the West Takes Cover From Tariff Turmoil

Dydx Introduces Major Chain Upgrade With New Features

August 14, 2024 Bitcoin.com

bitcoin.com

Decentralized exchange Dydx has announced a significant upgrade to its chain, introducing new features designed to enhance market liquidity and security. The update, set for release this autumn, marks the largest change to the Dydx Chain since its launch. Dydx Introduces Permissionless Market Listings and Megavault in Upcoming Chain Overhaul According to the announcement, the […]

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Exclusive: Fireblocks granted New York charter for crypto custody

August 14, 2024 Coin Telegraph

Banks

The charter allows Fireblocks to offer cold-storage custody to US clients.

Web3 infrastructure provider Fireblocks has been granted a New York state charter to custody cryptocurrency for clients in the United States, Fireblocks told Cointelegraph on Aug. 14.

“As of this month, Fireblocks Trust Company, LLC has received its limited purpose trust company charter to engage in virtual currency business and will soon begin offering cold storage custody solutions powered by Fireblocks' technology to US customers,” Fireblocks told Cointelegraph in a statement.

In May, Fireblocks said it intended to “launch a limited-purpose trust company that is under the regulation of the New York Department of Financial Services (NYDFS)” called Fireblocks Trust Company that “will offer cold storage custody solutions to US clients.”

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Verofax Partners With Climate Tech Firm Netgreen to Power Global Reforestation Efforts

August 13, 2024 Bitcoin.com

artificial intelligence

Blockchain firm Verofax has teamed up with climate tech startup Netgreen to enhance global reforestation efforts. The partnership aims to create a transparent and efficient way for individuals to support tree-planting initiatives. This collaboration will also help track and measure carbon capture, preventing double counting and ensuring compliance with environmental standards. Linking People to Verified […]

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Internet Computer Protocol Implements Threshold-Schnorr Signatures, Enhancing Bitcoin Integration

August 13, 2024 Bitcoin.com

Bitcoin

The Internet Computer Protocol (ICP) has integrated threshold-Schnorr signatures and onchain Bitcoin block headers as part of its Deuterium milestone. This development aims to expand the utility of Bitcoin within the decentralized economy, allowing for new applications previously hindered by Bitcoin’s lack of native smart contract support. ICP Introduces Threshold-Schnorr Signatures to Boost Bitcoin Compatibility […]

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Crypto ETFs will expand to new asset types, indexes — Grayscale executive

August 12, 2024 Coin Telegraph

bitcoin etf

The pace of adoption of crypto exchange-traded funds in the United States has been surprising even to Grayscale.

The market for cryptocurrency exchange-traded funds (ETFs) will expand to encompass new types of digital assets as well as diversified crypto indexes, according to an executive at asset manager Grayscale Investments.

“We're going to see a number of more single asset products, and then also certainly some index based and diversified products,” Dave Lavalle, Grayscale’s global head of ETFs, said during an Aug. 12 webinar.

Grayscale is among the largest issuers of crypto ETFs, with upward of $25 billion in assets under management (AUM) across its United States-listed crypto ETFs. Its US exchange-traded products currently comprise single-asset Bitcoin (BTC) and Ether (ETH) funds.

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Bitcoin miner Argo repays $35M Galaxy bailout loan

August 12, 2024 Coin Telegraph

Bitcoin miner Argo repays M Galaxy bailout loan

Bitcoin Price

The loan saved Argo from bankruptcy during the crypto winter of 2022.

Bitcoin miner Argo Blockchain finished repaying $35 million it borrowed from asset manager Galaxy Digital in 2022 to stave off bankruptcy amid that year’s crypto bear market, according to an Aug. 12 company filing.

The repayment marks “a significant milestone for Argo” and was accomplished “without any meaningful impact to Argo’s hashrate,” Argo CEO Thomas Chippas said in a statement. Hashrate measures the computational power of a cryptocurrency mining operation and directly relates to how much Bitcoin (BTC) a miner can earn in a given period.

In December 2022, Argo narrowly avoided bankruptcy by agreeing to a multi-part deal with Galaxy that included selling its Helios Bitcoin mining facility in Dickens County, Texas, for $65 million and refinancing its debt with a $35 million loan.

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OpenAI fears people will forms bonds with the AI it developed to fool humans

August 11, 2024 Coin Telegraph

artificial intelligence

The warning shows that developers are aware that anthropomorphization is a legitimate concern in the AI industry.

When a safety tester working with OpenAI’s GPT-4o sent a message to the chatbot stating “this is our last day together,” it became clear to company researchers that some form of bonding had happened between the AI and the human using it.

In a blog post detailing the company’s safety efforts in developing GPT-4o, the flagship model for ChatGPT users, the company explained that these bonds could pose risks to humanity.

Per OpenAI:

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Quantum computers are advancing much faster than scientists expected

August 11, 2024 Coin Telegraph

artificial intelligence

Breakthroughs in scalability, error-correction, and infrastructure have led to an accelerated timeline for quantum advantage.

Quantum computing is one of those “just around the corner” technologies that has the scientific community split. Tech outfits such as Google and IBM have gone full throttle with both R&D and marketing as if they’re already here while many independent researchers have claimed quantum computers will never work.

Most people working in the field, however, believe that quantum computers will be able to solve problems that classical computers can’t within the next 10 years.

This is according to a recent survey of 927 people with associations to the field of quantum computing (researchers, executives, press, enthusiasts, etc.) conducted by QuEra. Of those surveyed, 74.9% “expect quantum to be a superior alternative to classical computing for certain workloads” within the next 10 years.

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Regulators postpone listing decision for Hashdex Nasdaq Crypto Index ETF

August 9, 2024 Coin Telegraph

Banks

If approved, the ETF would be the first US fund to hold a diversified portfolio of spot cryptocurrencies.

United States regulators said they would need more time to decide if an exchange-traded fund (ETF) designed as a one-stop-shop crypto portfolio can list on Nasdaq’s electronic securities exchange, according to an Aug. 9 regulatory filing.

The filing was a response to Nasdaq’s June request for permission to list the Hashdex Nasdaq Crypto Index ETF on its electronic exchange.

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