This Week Marks a Significant Milestone: The Introduction of TRAIN, a National Network Dedicated to Safe Integration of ai in Medicine The healthcare sector has witnessed an unprecedented surge in the adoption of artificial intelligence (ai) technologies. This week, a new national network, named Trustworthy & Responsible ai Network (TRAIN), was officially introduced to ensure…
The Mozaic Finance Hack: A Glimpse into the Persistent Security Challenges of Decentralized Finance A Prominent DeFi Application Falls Prey to a Sophisticated Cyber-Attack In a stunning turn of events, Mozaic Finance, a well-known yield farming application within the decentralized finance (DeFi) sector, succumbed to a sophisticated cyber-attack on March 15, 2023. This breach, which…
Unlocking the Potential of Decentralized Finance with Layer-2 Networks: Cost Savings, Superior Liquidity, and Future Prospects In a groundbreaking study conducted by Austin Adams, a dedicated researcher at uniswap Labs, it has been unveiled that executing swaps and managing liquidity provisions on layer-2 networks outperforms Ethereum’s mainnet in terms of cost-effectiveness (Adams, 2023). This keyboards-changing…
In a groundbreaking recognition of its steadfast dedication to security and regulatory compliance, Binance, the foremost cryptocurrency exchange in the world, has garnered praise from Taiwan’s Ministry of the Interior for its unrivaled collaboration with law enforcement agencies in their unyielding efforts against fraudulent activities involving virtual assets. This recognition signifies a pivotal moment in…
Avalon Finance Secures $1.5 Million in Seed Funding to Revolutionize Decentralized Finance (DeFi) Lending on the Bitcoin Ecosystem Avalon Finance: A Promising Newcomer to the DeFi Lending Space In a major stride towards redefining decentralized finance (DeFi) lending, Avalon Finance, the pioneering lending protocol under the Merlin Chain umbrella, has recently closed a successful $1.5…
Las Vegas Receives $1.4 Million Grant for Revolutionary ai Pedestrian Detection System A New Era of Pedestrian Safety in Las Vegas Las Vegas, the city of entertainment and excitement, is poised to make significant strides towards ensuring the safety and efficiency of its bustling streets with the implementation of a cutting-edge artificial intelligence (ai) pedestrian…
Morgan Stanley, a leading player in the finance industry, has taken a bold step towards the future by placing its trust in artificial intelligence (ai) to propel the company forward. The esteemed financial institution recently announced that Jeff McMillan would be assuming the role of spearheading Morgan Stanley’s ai initiatives, marking a pivotal shift in…
In a recent post on their social media platform, Mojang, the renowned keyboards development company behind Minecraft, has issued a serious warning to players using Windows 10 and 11. The warning specifically targets those who update the keyboards via the Xbox app. The reason for this advice? A significant risk of losing their precious Minecraft…
Recent Regulatory Developments: Hong Kong’s SFC Lists Unlicensed Crypto Exchange MEXC on Its Cautionary List Hong Kong’s SFC Takes Action Against Unlicensed Crypto Exchange MEXC In a recent regulatory move, the Securities and Futures Commission (SFC) of Hong Kong added the cryptocurrency exchange MEXC to its cautionary list on March 15, 2023. This action signifies…
Surprising Preference of Crypto Community Towards Donald Trump: Insights from Paradigm’s Survey In a groundbreaking revelation, a survey conducted by the esteemed crypto venture capital firm, Paradigm, has uncovered that Donald Trump enjoys significant support from the crypto community. The comprehensive study, carried out by Public Opinion Strategies between February 28 and March 4 among…
Indian Railways Introduces NFT Train Tickets during Holi Festival: A Leap Forward in Ticketing Innovation Indian Railways, the country’s national rail system, is making waves during the vibrant and colorful Holi festival by launching non-fungible token (NFT) train tickets for two Delhi-bound trains. This pioneering initiative, spearheaded by the Indian Railway Catering and Tourism Corporation…
Ethereum co-founder Vitalik Buterin has highlighted the significance of transitioning the focus towards building decentralized applications and solutions on Ethereum’s layer-2 (L2) following the successful completion of the Dencun hard fork. This shift in perspective comes after Ethereum achieved scalability through L2 rollups with the reduction of costs associated with submitting cryptographic proofs to its…
Marathon Digital, a prominent player in the cryptocurrency mining industry, has announced its intention to acquire a Bitcoin mining facility located in Texas from Applied Digital for approximately $87 million in cash. This strategic acquisition is expected to significantly bolster Marathon Digital’s mining capabilities and prepare the company for the upcoming Bitcoin halving event. Marathon…
NetMind, the innovative blockchain artificial intelligence (ai) platform, has firmly denied allegations of a platform-wide hack that have been circulating in the cryptocurrency community. The recent price drop of NetMind’s token, NMT, has sparked concerns among investors about a potential exploit that could lead to an unlimited generation of tokens. Background: NetMind’s GPU Mining Platform…
In a Notable Turn of Events: The Canto Blockchain Announces Its Commitment to cosmos Ecosystem as a Layer 1 (L1) Network After extensive research and consensus among major contributors, the Canto blockchain has made a significant strategic shift in its plans. Instead of transitioning towards the Ethereum ecosystem through collaboration with polygon as initially intended,…
Revolutionizing Blockchain Gaming: Aptos Labs and Google Cloud Join Forces with the Launch of Aptos GameStack In a groundbreaking announcement, Aptos Labs, the pioneering team behind the Aptos blockchain, has revealed the launch of their latest offering – the Aptos GameStack. This cutting-edge development suite is set to transform the way games integrating cryptocurrencies and…
In a groundbreaking development for the gaming industry, Aptos Labs, the pioneering team behind the Aptos blockchain, recently announced the launch of their revolutionary new offering – Aptos GameStack. This state-of-the-art development suite is set to redefine the way games that incorporate cryptocurrencies and Non-Fungible Tokens (NFTs) are created. The initiative marks a significant milestone…
The Decentralized Finance (DeFi) landscape is undergoing a seismic shift with the introduction of PancakeSwap v4, marking a significant leap forward from its beginnings as an Automated Market maker (AMM) model. Since its launch in 2020, PancakeSwap has rapidly gained prominence as a leading multichain Decentralized Exchange (DEX), boasting an impressive suite of DeFi products….
DIFC Announces Enactment of New Digital Assets Law, Aligning Dubai with Global Technological Advancements in Finance The Dubai International Financial Centre (DIFC), a prominent financial hub situated in the United Arab Emirates, made an important announcement this week regarding the enactment of its new Digital Assets Law, effective from March 8. This legislative development comes…
A Major Milestone in the UK’s Financial Landscape: FCA Allows Professional Investors to Trade Crypto ETNs The United Kingdom’s Financial Conduct Authority (FCA) has made a groundbreaking decision, enabling professional investors to engage in trading crypto exchange-traded notes (ETNs) provided by recognized investment exchanges (RIEs). This announcement on March 11 marks a significant step towards…
