Louisa Crawford November 1, 2024 09:21 Immutable (IMX) responds to the SEC’s Wells Notice, advocating for clearer cryptocurrency regulation to support digital ownership of games while addressing alleged securities law violations. Immutable (IMX), a prominent player in the digital gaming industry, recently received a Wells Notice from the U.S. Securities and Exchange Commission (SEC), according to immutable.com. The notice alleges securities law violations and misrepresentations and suggests potential legal action against the company. The move is part of the SEC’s broader strategy to classify tokens as securities, a position that has sparked significant debate…
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Bitcoin (BTC) faces a “more severe decline” after weekend BTC price weakness cost it $200 million.In his latest market analysis on X, renowned trader Crypto Titan joined in warning of a deeper correction for BTC/USD.The BTC price battle intensifies on a daily basis.Bitcoin continues to struggle after rejecting a near all-time high of $73,800 earlier this week.Market anxiety over the upcoming US presidential election has further exacerbated the already heated Bitcoin trading environment, with open interest hitting record highs.Observers now see the risk of BTC price reversing further before the uptrend resumes.“Local bottom at $66,200 before bounce?” Titan of Crypto…
Darius Varu November 1, 2024 10:22 Paxos launches USDG, a US dollar-backed stablecoin compliant with Singapore’s MAS framework. USDG aims to strengthen global stablecoin adoption by collaborating with DBS Bank for secure reserve management. Paxos, a leader in blockchain and tokenization infrastructure, has officially launched Global Dollar (USDG), a new US dollar-backed stablecoin. According to Paxos, this development, announced on November 1, 2024, will be regulated by the Monetary Authority of Singapore (MAS) and marks a strategic step towards global stablecoin adoption. USDG: A New Era of Stablecoins USDG is designed to meet the…
BitMEX founder Arthur Hayes has named an altcoin he believes will perform better than others ahead of the upcoming US presidential election. In a new interview on the Unchained YouTube channel, the cryptocurrency veteran said he is interested in trading Solana (SOL), an Ethereum (ETH) competitor and smart contract platform. Because he believes the price will skyrocket along with Bitcoin (BTC). “Once we get into the election, I’ll trade SOL. It’s a high beta Bitcoin, so I know it’s vibrant and liquid and will get pumped if Bitcoin does well. I want to trade SOL. “I don’t want to trade…
This Ethereum blockchain With only 13 days left until Devcon, it’s amazing how big this year’s event is going to be! Expected attendance has doubled since last time (12,000 in Bogotá vs. 6,000 in Bogota). The number of community hubs and impact spaces more than doubled, and the number of submitted talks also doubled. The Ethereum ecosystem has advanced significantly in terms of technology, and the community has grown stronger, more global, and more vibrant than ever. At Devcon SEA, you’ll see it all with technical content for developers and sessions for community builders, artists, writers, researchers, and more. Over…
just alvin November 3, 2024 02:47 To improve multi-GPU communication efficiency, NVIDIA introduces TensorRT-LLM MultiShot, leveraging NVSwitch technology to perform AllReduce operations up to 3x faster. NVIDIA has unveiled TensorRT-LLM MultiShot, a new protocol designed to improve the efficiency of multi-GPU communication, especially for generative AI workloads in production environments. According to NVIDIA, this innovation leverages NVLink switch technology to significantly increase communication speeds by up to 3x. Challenges of existing AllReduce Low-latency inference is critical in AI applications and often requires multi-GPU setups. However, the existing AllReduce algorithm, which is essential for GPU…
At press time, only 10.71% of TON holders made a profit. Whales and large investors currently hold 91.52% of the total TON circulating supply. Amid price corrections across the cryptocurrency industry, Telegram-linked Toncoin (TON) is showing strength and poised to see a notable uptick due to positive price action. However, this rally in TON is likely to occur when market sentiment switches from a downtrend to an uptrend. Toncoin technical analysis According to technical analysis by AMBCrypto, TON appears bullish and is currently at a strong support level of $4.9. This is a level at which TON has historically experienced…
Timothy Morano November 3, 2024 03:25 Consider the revival of ‘triage’, an ancient lottery governance practice that is currently gaining traction among technology and AI companies such as Meta, OpenAI, and Anthropic. ‘Selection’, the ancient practice of electing public officials or making decisions through lotteries, is experiencing a modern revival among leading technology and artificial intelligence companies. According to a16z crypto, companies like Meta, OpenAI, and Anthropic are exploring these new approaches to decision-making. concept of alignment Sorting is a method of governance that dates back to ancient Athens, where citizens were randomly selected…
Top news of the week Michael Saylor posted a fake Trump quote about cryptocurrency to his 3.6 million followers. With Election Day approaching in the United States and many voters already heading to the polls, social media is awash with misinformation about candidates’ policies. MicroStrategy Chairman Michael Saylor appears to have fallen for a social media post containing misinformation about Donald Trump’s stance on cryptocurrency taxation. In an Oct. 30 post on Cointelegraph’s investigation found that the fake quote originated from the X account Basedkarbon, which claimed in an October 28 post that the Republican candidate made the remarks in…
Developing countries are increasingly seeking Bitcoin integration as the cryptocurrency grows in popularity and importance to the global financial system. On November 1, Bitcoin Magazine CEO David Bailey revealed that several countries are quietly making progress toward Bitcoin adoption. Developing countries prepare for Bitcoin adoption through state-funded mining projects. Bailey highlighted this “behind the scenes” movement on X (formerly Twitter), noting that many developing countries are working on energy-intensive pilot projects to adopt Bitcoin. He noted that these countries are funding domestic mining plans and are moving from pilot projects exceeding 100 megawatts to large-scale projects reaching gigawatt scale. According…