Ted Hisokawa 23 Aug 2024 14:53 NVIDIA engineers will unveil advancements in Blackwell platform, liquid cooling, and AI-based chip design at Hot Chips 2024. At the upcoming Hot Chips 2024 conference, NVIDIA engineers will present groundbreaking innovations aimed at improving data center performance and energy efficiency. According to the NVIDIA Blog, the event, scheduled for August 25-27 at Stanford University, will feature four talks by NVIDIA’s senior engineers. NVIDIA Blackwell Platform NVIDIA’s presentation highlights the NVIDIA Blackwell platform, which integrates multiple chips, systems, and NVIDIA CUDA software to power next-generation AI applications. The NVIDIA…
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Bitcoin (BTC) broke above $62,000 on Wall Street on August 23 after the U.S. Federal Reserve announced it would cut interest rates for the first time since 2019.BTC/USD 1-hour chart. Source: TradingViewBTC Price Volatility Increases as Fed Chair Powell Says Policy Should Be ‘Adjusted’A new local BTC price was recorded at $62,323 on Bitstamp, according to data from Cointelegraph Markets Pro and TradingView.Investors reacted warmly to Federal Reserve Chairman Jerome Powell’s confirmation that interest rates would now begin to fall.”It’s time to adjust policy,” he said in a speech at the Jackson Hole annual symposium.In an episode in which markets…
Independent candidate Robert F. Kennedy Jr. has dropped out of the 2024 U.S. presidential race.According to documents filed with the Arizona Secretary of State, Kennedy withdrew from the race on August 22.RFK withdraws from presidential race. Source: Arizona Secretary of StateThe withdrawal comes ahead of a speech Kennedy is scheduled to deliver in Arizona on August 23.The resignation comes days after Republican presidential nominee Donald Trump indicated that Kennedy would be available to serve in his administration if the independent candidate dropped out, Trump told CNN.The outcome of the US presidential election could have a major impact on global cryptocurrency…
JPMorgan has cut its price targets for Bitcoin miners, reflecting company-specific announcements including second-quarter results, fleet efficiency improvements, and hashrate targets. The target price cut is primarily due to the decline in Bitcoin’s price since the last model update, which lowered the spot Bitcoin price estimate from $68,000 to $60,000, according to an analysis report released by the investment bank on Friday.Additionally, the baseline network hash rate assumption has increased from 600 exahashes per second to 615 EH/s. This factor has reduced the estimated target gross profit per EH/s for miners, the report added.“Our price targets have declined across the…
Opinion from Dr. Andreas Freund. 21 August 2024 TL/DR There are platform solutions for DeFi protocols to integrate regulatory compliance without compromising decentralization. Using blockchain technology and cryptographic protocols, DeFi protocols can ensure secure and transparent transactions that meet regulatory standards while maintaining user privacy. Such protocols enforce compliance rules on digital assets and their holders. Therefore, they can provide a robust and flexible system to help DeFi protocols navigate the complex regulatory landscape, contributing to a safer and more reliable decentralized financial ecosystem. Introduction Decentralized Finance (DeFi) has taken the financial world by storm (at least in the OpEd…
Tether, the issuer of USDT, the world’s largest stablecoin, has decided to abandon its own blockchain, citing market saturation and strategic concerns. In an interview with Bloomberg News, the company’s CEO, Paolo Ardoino, explained that this position was based on his analysis of the blockchain space and the highly competitive market.Ardoino said it might not be the “right move” for the company to launch its own blockchain because there are already “very good blockchains” available to the public.relevant: Tether Expands USDT to Aptos Blockchain to Reduce FeesMarket saturationIn the interview, Ardoino noted that blockchain is becoming increasingly commoditized, with many…
Felix Pinkston 23 Aug 2024 13:42 Explore the key tests proposed to confirm the achievement of human-level Artificial General Intelligence (AGI), as detailed by SingularityNET (AGIX). According to SingularityNET (AGIX), the journey to achieving human-level artificial general intelligence (AGI) involves several rigorous tests designed to examine various dimensions of what it means for a machine to think, reason, and act like a human.The Turing Test: A Basic Measure of IntelligenceThe Turing Test, proposed by Alan Turing in 1950, remains the iconic benchmark of artificial intelligence. It assesses whether a machine can exhibit intelligent behavior…
Fast food giant McDonald’s was recently hacked. The attackers made billions of dollars in profits. Solana Mimecoin Shilling has been a major trend throughout the year. Hacks and scams have become commonplace in the cryptocurrency industry, with threat actors constantly lurking around, waiting to steal the next big loot. This year, one of the most weaponized tactics has seen a surge in popularity: rug pulls. “Pump and dump”A scheme for fake tokens that resulted in significant losses. Now these bad actors are taking their plans one step further and expanding the boundaries with their latest and most daring exploits yet.…
XRP (XRP) has bounced strongly against Bitcoin (BTC), rising about 30% since its “triple bottom” in July. A combination of fundamental and fractal indicators suggest that XRP is well positioned to continue its uptrend in the coming months.XRP Price Recovery Reflects 500% Rally in 2021The XRP/BTC trading pair has bounced more than 50% since forming a local bottom around 760 satoshis (1 satoshi = 0.00000001 BTC) in early June 2024. This low is significant because it closely aligns with the support level that preceded the 500% rally between January and May 2021. XRP/BTC weekly performance chart. Source: TradingViewDuring the 2021…
Cryptocurrency Exchange Kraken The court on Friday cited Australia’s lack of regulatory clarity as the reason for its ruling against the local operator of the exchange. The court ruled in favor of the local operator of the exchange in a case brought by the country’s securities regulator.The Federal Court of Australia today ruled that Kraken’s local operator, Bit Trade Pty Ltd, failed to comply with section 994B of the Corporations Act, which states that issuers of financial products must make a “target market determination” before offering their products to consumers. The Australian Securities and Investments Commission (ASIC) said that “from…