Jorg Hiller 23 Jul 2024 18:13 AMD and Meta’s Llama 3.1 brings enhanced AI capabilities to AMD platforms, including Instinct MI300X GPUs and EPYC CPUs. In a significant advancement in the Artificial Intelligence (AI) ecosystem, AMD announced that Meta’s latest Llama 3.1 large-scale language model (LLM) is now optimized for AMD platforms. According to AMD.com, this includes everything from high-performance data center solutions to edge computing and AI-enabled personal computers. AMD Instinct™ MI300X GPU Accelerator and Llama 3.1 The Llama 3.1 model developed by Meta introduces enhanced features including context lengths up to 128K,…
Author: Crypto Flexs
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The spot Ethereum ETF was approved for trading on July 23. Despite ETH’s underperformance at the time of publication, the bullish momentum continues. After much anticipation and multiple revisions, a spot Ethereum (ETH) ETF finally received full and final approval to begin trading in the United States on July 23. SEC Approves Spot Ethereum ETF The U.S. Securities and Exchange Commission (SEC) has approved ETH ETFs from companies including BlackRock, Fidelity, 21Shares, Bitwise, Franklin Templeton, VanEck, and Invesco Galaxy. This approval follows the SEC’s final approval of the S-1 registration statement on July 22, which will allow these ETFs to…
On the day that the long-awaited spot Ethereum (ETH) exchange-traded fund (ETF) launched in the United States, the market reaction was unexpectedly muted. Analysts at Singapore-based crypto asset trading firm QCP Capital have explained the reason for the muted reaction, pointing to previous market behavior and other news from the broader market as the reasons for the situation. Why Ethereum Price Isn’t Soaring QCP Capital notes in an investor note that the market may be stuck in a “buy on hype, sell on news” pattern similar to the US spot Bitcoin ETF launch scenario. When the spot Bitcoin ETF debuted…
Ether (ETH) traded in a narrow 6% range between $3,370 and $3,560 last week. It is worth noting that the last time ETH closed above $3,600 was on June 17, which means that it may have missed a major opportunity, the spot listing of the U.S.-listed Ethereum Exchange-traded Fund (ETF) on July 23, which has been anticipated for over three years.Given that Bitcoin (BTC) is trading just 10% below its all-time high, you can’t blame the cryptocurrency for its lack of momentum. More importantly, US-listed spot Bitcoin ETFs have seen net inflows of $961 million over the past two trading…
Bitcoin Bitcoin -0.41% Wallet app Fold is set to launch ACH Rewards, paying out up to 1.5% in Bitcoin for payments made through the platform, Senior Marketing Manager Brian Harrington recently told The Block.Companies that launched payment cards by joining Visa’s Fintech Fast Track accelerator program in 2020 Use Bitcoin as a rewardIt claims to be the first to offer a cryptocurrency-based Automated Clearing House (ACH) rewards program. Harrington said that today, ACH payments are typically reserved for large electronic transfers, such as mortgage, credit card and rent payments, meaning users could end up with cryptocurrency on some of their…
On July 23, Bitcoin (BTC) bulls fought to defend $66,000 as the U.S. spot Ethereum (ETH) exchange-traded fund (ETF) surprised analysts.BTC/USD 1-hour chart. Source: TradingViewEther ETF performance is impressiveAccording to data provided by Cointelegraph Markets Pro and TradingView, BTC price is rebounding after initial weakness on Wall Street.The launch of spot Ether ETF trading appeared to take market participants by surprise, with volumes exceeding $100 million in just 15 minutes, sending ETH/USD up 2.3%, recovering from its initial plunge.“So far the spot ETF launch has been as expected – profit taking sell-offs on both puff and spot. The move has…
Louisa Crawford 23 July 2024 15:20 Infosys leverages NVIDIA NIM and NeMo Retriever to improve telecommunications network operations, reducing latency by 61% and increasing accuracy by 22%. Telecommunications companies face the ongoing challenge of meeting service level agreements (SLAs) to ensure network quality and quickly resolve complex network issues. These challenges often result in long-term network downtime, impacting operational efficiency and customer experience. To address these challenges, Infosys developed a generative AI solution using NVIDIA NIM and NVIDIA NeMo Retriever that aims to streamline network operations centers (NOCs) by automating network troubleshooting, minimizing downtime,…
Decentralized smartphone APhone and Aethir have jointly launched a new scaling solution that promises to increase APhone’s user capacity by 10x and bring greater scalability to the decentralized physical infrastructure (DePIN) industry.The new scaling solution will allow APhone to support over 800,000 concurrent daily users while reducing its monthly user cost from over $6 to less than $0.60 – a cost savings of over 90%.According to William Paul Peckham, Aphone’s chief business officer, the significant cost savings were achieved through Aethir’s decentralized GPU cloud computing network. He told Cointelegraph:“(Aethir) has been able to reduce costs by streamlining operations and negotiating…
The XRP (XRP) market is well positioned for a price surge from now until October, thanks to a potential breakout on the charts, whale activity, and the end of Ripple’s legal battle with the SEC. In doing so, the XRP/USD pair could finally see value approaching or even surpassing $1, a level it hasn’t reached since 2021.XRP price is getting closer to a long-awaited technical breakthrough.The XRP weekly chart shows a symmetrical triangle pattern that has been forming since early 2018. It is characterized by converging trend lines that compress price action.The cryptocurrency is testing the pattern’s upper trendline resistance…
Kamala Coin Rises 80% Since Biden’s Resignation Biden’s resignation has implications for political meme coin markets. Speculation shifted to Kamala Harris. The Memecoin space is very competitive, with thousands of new tokens being created every day. For this reason, many Memecoins are trying to position themselves to capitalize on the latest cultural trends, including politics. Most recently, a meme coin benefited significantly from President Joe Biden’s announcement that he would not run for reelection. After Biden endorsed Vice President Kamala Harris, the little-known Kamala coin hit an all-time high. Kamala Coin Surges After Biden Withdraws Primary The little-known Kamala Coin…