Web3 • August 28, 2024 1:46 PM EDT Posted 1 minute earlier ~ in Brave Software has laid off 27 people, or about 15 percent of its staff. This is the second layoff for the web browser and search startup in the past year, according to a TechCrunch report. The privacy-focused Internet company founded by Mozilla co-founder Brendan Eich has been growing steadily since its founding in 2015. According to the latest information, Transparency ReportBrave’s monthly active users have grown from 65 million at the end of last year to nearly 80 million.Brave is popular as an alternative browser, especially…
Author: Crypto Flexs
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The co-founder of decentralized finance (DeFi) platform Maker (MKR) has revealed that the stablecoin’s rebrand will include a freeze feature, but DAI will operate as normal. In a new thread on social media platform X, MakerDAO creator Rune Christensen revealed that DAI itself will not have a freeze function (a mechanism to stop token movement), as rumors had it that there would be one. According to Christensen, adding a freeze feature to the rebranded stablecoin won’t happen immediately and will need to be discussed and approved in detail by the protocol’s Decentralized Autonomous Organization (DAO). “At launch, there will be…
James Ding 27 Aug 2024 19:27 NVIDIA introduces Spectrum-X, a high-performance Ethernet fabric to optimize AI workloads and increase data center efficiency. In a major move to address the growing demands of artificial intelligence (AI) workloads, NVIDIA has launched Spectrum-X, a high-performance Ethernet fabric aimed at optimizing large-scale AI operations. According to the NVIDIA Technology Blog, Spectrum-X is designed to meet the stringent requirements of modern AI workloads, delivering significant improvements over traditional Ethernet networking. From concept to realized performance As AI applications demand increased data throughput and minimal latency, traditional Ethernet networks have…
New York, New York, August 28, 2024, Chainwire DTX Exchange (DTX) has been gaining attention in the cryptocurrency market after announcing the launch of its long-awaited testnet. The decentralized trading platform has also raised $1.8 million in its ongoing presale, weeks ahead of schedule. This development is expected to accelerate the development of the integrated trading ecosystem. Analysis of the integrated platform of DTX Exchange DTX Exchange (DTX) is conceived as a cutting-edge platform that brings together traditional and decentralized assets under a single umbrella. The DeFi exchange provides retail traders with maximum capital access and a range of trading…
DeFi • August 28, 2024 4:48 PM EDT Bitcoin Bitcoin +0.10% Re-staking is the process by which users can re-bind their already staked Bitcoin or Bitcoin-backed assets to another protocol to earn additional rewards.Stakeholders can “re-stake” assets to increase security or provide additional services while earning more rewards.How does Bitcoin restating work? Re-staking may involve using Bitcoin or Bitcoin liquid staking tokens to secure decentralized applications through a process similar to staking in the proof-of-stake ecosystem.These reinvested assets can then be used to validate or secure other networks or services, giving users the opportunity to earn even more incentives on…
A bullish flag pattern has emerged on the weekly altcoin market cap chart. Bitcoin rainbow chart suggests BTC is in a “still cheap” phase. The cryptocurrency market has seen several uptrends this year, but none of them have lasted long. Most of these price increases have been followed by corrections. However, the situation in the last quarter of this year may be different. This seemed plausible as several factors suggested a long-term bullish cycle, which had the potential to push the market to new highs. Let’s take a closer look at what could suggest a crypto bull rally in the…
The market cap of AI and big data crypto projects has seen a significant surge, rising an impressive 79.7% over the past three weeks. This surge shows growing confidence among crypto investors, especially as the broader narrative around AI gains momentum in 2024. The AI crypto market is now a focus for investors, with many closely watching how the sector evolves alongside major technological developments. AI Cryptocurrency Market Resurrection On August 6, the AI cryptocurrency market hit a yearly low of $18.21 billion in market capitalization. The decline was mainly due to the widespread difficulties in the cryptocurrency market, which…
Iris Coleman 27 Aug 2024 19:56 NVIDIA NIM improves Augmented Search Generation (RAG) applications, streamlining AI solutions for specialized fields like veterinary medicine. The advent of large-scale language models (LLMs) has provided significant benefits to the AI industry, providing versatile tools that can generate human-like text and handle a wide range of tasks. However, while LLMs demonstrate impressive general knowledge, their performance in specialized fields such as veterinary medicine is limited when used outside the box. To enhance their utility in specific fields, the industry typically adopts two main strategies: fine-tuning and augmented retrieval…
Tim Copeland, Editor-in-Chief of The Block, is joined by Ethan, Head of Developer Relations at Particle, Burnt Banksy, Founder and CEO of Xion, and Vishal Chawla, Head of Crypto Ecosystem at The Block, to discuss a new topic: chain abstractions in the third episode of “The Crypto Beat.” Lee Sun explained that the definition and scope of chain abstraction is still being debated, but it generally means “eliminating the complexity associated with most on-chain interactions today, especially those involving multichains.” He noted that the complexity of having a user relationship to a particular blockchain and needing gas tokens and balances…
Retail crypto investors in Hong Kong have expanded their investment options with the listing of Avalanche and Chainlink coins on Hashkey, one of two fully licensed exchanges in the jurisdiction. Until now, retail products in Hong Kong have been limited to Bitcoin and Ether.Professional investors (individuals or financial institution representatives with a portfolio value of more than HK$8 million (US$1 million or more) have a much wider range of cryptocurrencies to choose from.Tokens without legal conflictsAvalanche (AVAX) and Chainlink (LINK) are now available for trading on Hashkey for USD. HashKey CEO Livio Weng told the South China Morning Post that…