Ethereum co-founder Vitalik Buterin expressed concerns about the rapid development of superintelligence AI and the concentration of power within the AI industry. In a recent statement, Buterin highlighted the risks associated with superintelligent AI and warned against rushing into its development. He opposed allocating $7 trillion to server farms, specifically citing Sam Altman’s ambitious funding target for AI chip manufacturing. “Superintelligent AI is very risky, so we shouldn’t rush it, and we should push back on those who try it. We don’t need $7 trillion server farms.” Buterin advocates a decentralized AI ecosystem and emphasizes the importance of open models…
Author: Crypto Flexs
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Manta Network Strengthens Ecosystem with $vMANTA Staking TokenAccording to a recent announcement from Manta Network, users can now leverage their $vMANTA staking tokens across the Manta Pacific ecosystem to explore new projects and maximize rewards. This introduction will bring many benefits and incentives across the ecosystem.Benefits of using $vMANTAThe $vMANTA token offers several benefits to users. This includes approximately 30% Manta staking APY, commission-free trading on the Gull Network, transaction-yield incentives on the Gull Network for MANTA/vMANTA trading, enhanced yield farming incentives on the Gull Network for vMANTA pools, and earning Monroe Points. . By…
The GameStop-led meme coin rally has now been overshadowed by a market correction. Solana-based Dogwifhat reboots above $2.50 despite approaching sales wall. Although The Sphere raised $682,000 to put on the hat, the WIF community is still in the dark. Solana-based meme coin Dogwifhat (WIF) was trading at a monthly low of $2.44 on Sunday afternoon. Before rebounding slightly to $2.70, the dog in the hat coin fell below the $2.50 support line, worrying investors. According to cryptocurrency technical analyst Seth Fin, this critical support level will determine whether WIF will break above $2.70 or risk falling to $1.60.Although the…
Even the most pessimistic developments of Bitcoin, the most dominant cryptocurrency, have little place in the world of digital assets. Although some institutions and countries only view Bitcoin as a speculative asset, there are good reasons to accumulate Bitcoin and place it in various portfolios. Here are five reasons why you should stock up on Bitcoin as soon as possible. Limited supply, increasing demand One of the important characteristics of Bitcoin is scarcity. Compared to most fiat currencies, which are under constant inflationary pressure, Bitcoin has a maximum supply of 21 million coins, after which no more can be mined.…
At the heart of the Ethereum burn address lies a fundamental concept – the deliberate destruction of tokens. Represented by the address 0x0000000000000000000000000000000000000000, it functions as a digital black hole, permanently removing sent ETH from circulation. This irreversible process distinguishes the burn address from standard cryptocurrency wallets, which require a private key for access and retrieval. The absence of a private key for the burn address is a deliberate design choice. It ensures that any ETH sent to this address becomes irretrievably lost. Unlike accidental transfers to lost wallets, the burn address offers a controlled and transparent mechanism for permanent…
May 21st Mobile App Change Log 6.19.0 Latest updates and optimizations for the Bitfinex mobile app We are pleased with the gift Version 6.19.0 Bitfinex mobile app The latest update to the Bitfinex mobile app includes a new welcome tour guide. You can also download the latest version of the Bitfinex mobile app from: Android application package (APK). Leave a review on the App Store Bitfinex Mobile User App Survey! The changes below have been suggested by our active customer base. Customers’ feedback is very valuable to us. characteristic Updated to add welcome tour.Updated redesigned PIN screen. improvement Added MODE…
Nasdaq-listed software intelligence company MicroStrategy (MSTR) has significantly outperformed Bitcoin (BTC) over the past year.MSTR stock was worth about $1,279 per share as of May 21, soaring more than 500% in one year and 150% year-to-date (YTD). In comparison, the price of Bitcoin has surged 166% in one year and about 60% since the beginning of the year. YTD. Comparison of 1-year performance of MSTR and BTC/USD. Source: TradingViewWhy does MicroStrategy outperform Bitcoin?MicroStrategy’s Bitcoin premium reflects investor confidence in the company’s management, its strategy of leveraging debt to acquire more Bitcoin, and the potential for future growth beyond the value…
Bitget Appoints Gracy Chen as CEO – Chainwire We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage or access is necessary for the legitimate purpose of storing preferences that have not been requested by subscribers or users. Technical storage or access…
Proof of stake continues to be one of the most controversial discussions in the cryptocurrency space. Although the idea has many undeniable benefits, including efficiency, a larger security margin and future-proof immunity to hardware centralization concerns, proof of stake algorithms tend to be substantially more complex than proof of work-based alternatives, and there is a large amount of skepticism that proof of stake can work at all, particularly with regard to the supposedly fundamental “nothing at stake” problem. As it turns out, however, the problems are solvable, and one can make a rigorous argument that proof of stake, with all…
Standard Chartered expects the U.S. Securities and Exchange Commission to approve the Ether ETF this week. The first spot Ether ETF deadlines are fast approaching: May 23rd for VanEck and May 24th for Ark Invest/21Shares.In an interview with The Block, Standard Chartered Bank Head of FX Research and Digital Asset Research Geoff Kendrick said he was “80% to 90%” confident that the Ether ETF would be approved this week.“We estimate that, upon approval, the spot ETF will bring inflows of between 2.39 and 9.15 million ETH in the first 12 months following approval. In U.S. dollar terms, this equates to…