Tier 1 • August 16, 2024 2:18 AM EDT Posted 1 minute earlier ~ in Updated: August 16, 2024 4:49 AM EDT Bitcoin scaling developers have released a new whitepaper detailing the second version of the Bitcoin Virtual Machine, BitVM2, and an updated BitVM Bridge. Co-author Alexey Zamyatin, co-founder of Bitcoin sidechain BOB, shared details about X on Thursday.The whitepaper details recent efforts to improve the efficiency of transactions on the Bitcoin network by improving transaction processing capabilities and, in some cases, updating encryption methods. The document states that the main goal of BitVM2 is to increase Bitcoin’s transaction capacity…
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Rebecca Moen 16 Aug 2024 12:03 The Hong Kong Monetary Authority has warned the public about phishing scams using fake instant messages related to Bank of China (Hong Kong) Limited. The Hong Kong Monetary Authority (HKMA) has issued a public warning about phishing scams involving instant messages falsely claiming to be from Bank of China (Hong Kong) Limited. According to the HKMA, these fraudulent messages have been reported to the authorities and pose a significant risk to the public. Details of the phishing scam The HKMA warning highlights that fraudulent messages aim to trick…
The Bank of Ghana (BoG) has proposed new regulatory measures for digital assets following an extensive internal review of Bitcoin (BTC), Tether (USDT) and other cryptocurrencies.On August 16, the West African country’s central bank published draft guidelines on digital assets, seeking feedback from the public and industry stakeholders on its upcoming cryptocurrency regulations.According to BoG, data collected over a three-year period shows a significant increase in the appetite for cryptocurrencies in Ghana. As a result, the government plans to implement legislation targeting risks related to money laundering and terrorist financing, fraud, and other measures to protect consumers.The central bank has…
Louisa Crawford 16 Aug 2024 11:33 NVIDIA NIM microservices optimize throughput and latency of large-scale language models to improve the efficiency and user experience of AI applications. According to the NVIDIA Technology Blog, as large-scale language models (LLMs) continue to evolve at an unprecedented pace, enterprises are increasingly focused on building generative AI-based applications that maximize throughput and minimize latency. These optimizations are essential to lower operational costs and deliver superior user experiences. Key metrics for measuring cost effectiveness When a user sends a request to LLM, the system processes the request and generates…
Bitcoin’s price soared to $61,500 on August 13 after $2 billion worth of bitcoin was moved from the shuttered Mt. Gox exchange.A rally that saw major cryptocurrencies jump nearly 5% in just one hour has once again brought optimism to the market.Bitcoin gave up some of its gains for the day after dropping slightly from its daily high. However, according to CryptoSlate data, the flagship cryptocurrency is up 3.75% over the past 24 hours and is trading at $60,770 at the time of writing.Mount Goss ReactionBlockchain analytics firm Arkham Intelligence reported that more than 33,000 bitcoins, worth about $2 billion,…
Bitcoin broke $58,000 on August 16 after a “massive masterclass” that hit both bulls and bears hard.BTC/USD 1-hour chart. Source: TradingViewBTC Price Target Maintained Below $50,000According to data from Cointelegraph Markets Pro and TradingView, the Bitcoin (BTC) price has recovered 4.4% from its previous low of $56,150.The recent release of US unemployment data, coupled with the plunge in prices, has caused problems for retail investors, with both buyers and sellers liquidating.BTC Liquidation Heatmap (screenshot). Source: CoinGlassThis activity was captured by order book liquidity data from monitoring resource CoinGlass. In the 24 hours leading up to this writing, total BTC long…
Layer 2 altcoin MATIC recently crashed to a yearly low similar to 2022. A seasoned cryptocurrency analyst has come up with a bullish theory for MATIC under one condition. On-chain indicators show that despite a slight bounce, there is not enough buying pressure. Popular Layer-2 blockchain Polygon (MATIC) recently dropped out of the top 20 cryptocurrencies by global market cap. Despite having made several deals with big names like Google, Nike, Disney, Coca-Cola, and Starbucks, MATIC’s reputation is now overshadowed by its dismal recovery efforts.Why MATIC’s Rebound Rally Hasn’t StartedMATIC hit its yearly bottom last week, falling to $0.355 on…
Crypto Ecosystems • August 16, 2024 1:04 AM EDT Posted 1 minute earlier ~ in Updated: August 16, 2024 1:09 AM EDT MakerDAO participants can hold wrapped bitcoin (or (main) +0.092% ), the collateral was approved.MakerDAO governance has approved an executive vote to lower the WBTC debt ceiling to zero. die +0.065% — Prohibits new loans collateralized with WBTC collateral. Also, the loan-to-value ratio (LTV) of WBTC is set to 0%. In particular, MakerDAO allows users to mint DAI stablecoin as over-collateralized loans.This adjustment will not affect existing loans supported by WBTC, as the liquidation threshold will not change. The…
Join us telegram Stay up to date with the latest news coverage by subscribing to our channels. Dogwifhat price fell more than 20% during the week after rising 6%. rush As traders continue to dump their holdings of the meme coin into the market, it is trading at $1.47 as of 11:42 PM ET over the last 24 hours. The WIF price was able to reach an intraday high of $1.60 in the last 24 hours. However, it has since declined and is trading closer to the lowest price of the same period, $1.44. Dogwifhat price approaches major support 4-hour…
Felix Pinkston 16 Aug 2024 08:32 Canaan Inc. (NASDAQ: CAN) reported strong Q2 2024 financial results with significant revenue growth and improved profitability. According to PRNewswire, Canaan Inc. (NASDAQ: CAN), a leading provider of high-performance computing solutions, announced unaudited financial results for the second quarter of 2024. The company reported significantly improved financial results, with revenue exceeding guidance and operating losses significantly reduced. Financial Highlights In Q2 2024, Canaan Inc. achieved revenue of $71.9 million, beating previous guidance of $70 million and increasing sequentially by 104.8%. Total compute power sold was 6.2 million Thash/s,…