blockchain – Page 2

National Technology Day: “Trends of increasing cyber attacks”, warns Prof. SK Shukla

11May

By adminNo Comments

Technology

National Technology Day: “Trends of increasing cyber attacks”, warns Prof. SK Shukla

[ad_1] Today is the National Technology Day. The day was observed for the first time in 1999 after India conducted a series of five successful nuclear bomb tests (Pokhran - II) in 1998. The move made India the sixth country in the world to successfully test nuclear weapons. While it was a breakthrough moment for us in terms of technological advancement, it also came with the burden of being responsible and ethical in terms of its usage. Now, 25 years later, we find ourselves in a similar situation with emerging technologies around artificial intelligence (AI), large language models (LLM), blockchain technology and more are growing exponentially. With major tech companies doubling down on AI technology and the European Union (EU) working on drafting an AI act to regulate its usage, we ar...

Cryptoverse: Investors pick their AI race horses

26Apr

By adminNo Comments

Technology

Cryptoverse: Investors pick their AI race horses

[ad_1] What do you get when you cross cryptocurrencies with artificial intelligence?A seemingly sentient bitcoin that codes itself in the style of Japanese haikus? Alas not, though you do get billions of dollars of trading in a new class of crypto tokens. The machine mania sweeping the tech world amid the launches of bots like ChatGPT and Bard has reached the cryptoverse, with interest in tokens tied to AI blockchain projects surging. Average daily volumes for the biggest coins including SingularityNET, Fetch.AI and Render topped $1 billion in early February, hitting a two-year high, according to data firm Kaiko.AI-linked blockchain products cover a gamut of services including payments, trading models, machine-generated non-fungible tokens and blockchain-based marketplaces for AI applic...

Bitcoin Surged Past $30,000. Is Another Crypto Boom on the Way?

17Apr

By adminNo Comments

Technology

Bitcoin Surged Past $30,000. Is Another Crypto Boom on the Way?

[ad_1] When Bitcoin plunged from around $30,000 to below $20,000 in little more than a week last year, Three Arrows Capital co-founder Su Zhu described the tailspin as the “nail in the coffin” for his hedge fund.Fast forward to today, and the largest cryptocurrency has just retraced that path from $20,000 back to $30,000 in the past month — but the industry is a shadow of what it was the last time the token crossed that milestone. That's because several more caskets were hammered shut in the domino-like wave of bankruptcies that followed Three Arrows' collapse: Voyager Digital, Celsius, FTX, Blockfi, Genesis Global, and other formerly high-flying startups. It's clear that while the mood has improved compared with last year's apocalyptic vibe, the promising Bitcoin rebound alone won't be...

Bitcoin Believers Revel in Told-You-So Moment, Big Rally as Banks Crumble

19Mar

By adminNo Comments

Technology

Bitcoin Believers Revel in Told-You-So Moment, Big Rally as Banks Crumble

[ad_1] As members of the media lingered near the entrance of the headquarters of Silicon Valley Bank this week, a Bitcoin true believer seized on an opportunity.He drove a Budget moving van directly in front of the building's entrance, so all could see the message plastered on the side: “BE YOUR OWN BANK,” it read, between a doctored image of Federal Reserve Chair Jerome Powell holding a “Buy Bitcoin” sign and the orange logo for the original cryptocurrency. A video of the made-for-social-media stunt, set to Pink Floyd's “Money” as soundtrack, was tweeted by an account with the handle @cryptograffiti, with text that said “btc>svb.” Following an epically awful 12 months for the cryptocurrency industry, Bitcoin evangelists are enjoying a moment — not to mention a huge rally in their f...

Billions Worth of Crypto Trades at Risk as Bank Shutdowns Take Toll

13Mar

By adminNo Comments

Technology

Billions Worth of Crypto Trades at Risk as Bank Shutdowns Take Toll

[ad_1] The digital-asset market is coming off of a turbulent year featuring a number of high-profile blowups. Now, two shutdowns in the banking industry — SVB Financial Group's Silicon Valley Bank and Silvergate Capital Corp. — have set off a fresh set of stresses. SVB's failure triggered a knock-on effect in the crucial market for stablecoins after digital-asset giant Circle Internet Financial Corp., one of the biggest issuers of the widely used tokens known for their perceived safety, revealed it had $3.3 billion of reserves with the bank. The news caused Circle's token, USD Coin, to slip below its intended 1-for-1 peg with the dollar, sending a shock through the market. As concerning as USD Coin's de-peg was, it is the shutdown of crypto-friendly bank Silvergate...

Google Cuts Add to Tech Wipeout That’s Claimed Over 100,000 Jobs

22Jan

By adminNo Comments

Technology

Google Cuts Add to Tech Wipeout That’s Claimed Over 100,000 Jobs

[ad_1] Alphabet Inc.'s plan to reduce headcount by more than 6% — about 12,000 roles — is adding to mass job cuts that are accelerating at technology companies around the world.The tech sector announced 97,171 job cuts in 2022, up 649% compared to the previous year, according to consulting firm Challenger, Gray & Christmas Inc. Disclosures about cuts at Google's parent company, Microsoft Corp., and Amazon.com Inc. have added another 30,000 positions in January.Big tech companies like these benefitted from a boom in e-commerce spending and remote work that kicked off during the Covid-19 pandemic lockdowns in 2020. Now, many of these businesses are reporting disappointing growth rates and dealing with sagging share prices as customer behavior returns to normal. Their leaders are sayi...

Crypto Coin Cracks After Luring Indians With 3,100% Returns

1Dec

By adminNo Comments

Technology

Crypto Coin Cracks After Luring Indians With 3,100% Returns

[ad_1] A crypto party in India is showing signs of trouble amid a wider market meltdown. Lax regulations heighten the risks, experts say. Sanjay Kamble hit the jackpot when an obscure token he'd invested in surged about 3,100% in eight months. He ditched his dead-end marketing business this year and became a full-time crypto evangelist. These days, the 51-year-old drives around in his new Toyota sedan — one he couldn't afford a year ago — on the dusty streets of his home town in rural India, showing off his success from investing in BlockAura tokens. He exhorts farmers, teachers, housewives, friends, relatives and neighbors to join him, promising that their investment would grow threefold in 300 days. Kamble is among thousands of investors in India betting crypto is the quickest ...

Blockchain Platform Paxos to Add at Least 130 Hires in Singapore

2Nov

By adminNo Comments

Technology

Blockchain Platform Paxos to Add at Least 130 Hires in Singapore

[ad_1] Blockchain platform Paxos Trust Co. LLC plans to add at least 130 hires in Singapore over the next three years. Blockchain platform Paxos Trust Co. LLC plans to add at least 130 hires in Singapore over the next three years after its unit in the city-state received a central bank license to offer digital-token payment services. “Singapore will be our hub for growth outside the US,” Co-Founder Rich Teo said in an interview, adding as many as 180 people could be brought on over the 36-month period. The current headcount in Singapore is 20 and 350 globally, he said. Paxos operates its own stablecoin USDP as well as the BUSD stablecoin with Binance, the world's largest crypto exchange. Another stablecoin issuer, Circle Internet Financial, also said Wednesday that it received a ...

DeFi’s Highest Bidders at Center of Market-Moving Crypto Trades

25Oct

By adminNo Comments

Technology

DeFi’s Highest Bidders at Center of Market-Moving Crypto Trades

[ad_1] There’s a telltale sign in the fully automated world of decentralized finance for traders who know something that others don’t… There's a telltale sign in the fully automated world of decentralized finance for traders who know something that others don't: They're at the front of the line and they pay the highest door fees.So say three Columbia University academics who argue that those who pay the most to access the blockchain get preferential treatment and often possess private, potentially-market moving information. In a new paper, “The Information Content of Blockchain Fees,” the professors show that preference is given to these big spenders and the market's priciest transactions could be followed by others to glean the direction of crypto markets. “Blockchain fees can potent...