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BNB Chain announces significant governance upgrades post-BC Fusion, aiming to enhance decentralization and community participation. (Read More)
Explore how generative AI and diffusion models are revolutionizing the Architecture, Engineering, and Construction (AEC) industry with enhanced design, visualization, and project management. (Read More)
OpenAI unveils the Consistency Model, promising faster generation in image, audio, and video fields by overcoming limitations of traditional diffusion models. (Read More)
The Fusion Blockchain Initiative: $100 Million Investment in Modular Sector Networks The Fusion Blockchain Initiative has announced a groundbreaking investment of $100 million in developing modular sector networks. This strategic move aims to revolutionize blockchain technology by creating a more efficient and scalable network ecosystem. With the increasing demand for blockchain solutions across various industries, [...]
NVIDIA introduces NVLink Fusion, a breakthrough technology enhancing AI data center efficiency and scalability through semi-custom compute integration. This innovation promises significant performance improvements in AI workloads. (Read More)
NVIDIA introduces NVLink Fusion, enabling industries to create semi-custom AI infrastructure with partners using NVIDIA's advanced computing fabric. (Read More)
Theta Labs is launching EdgeCloud, a platform offering open-source AI models, aiming to revolutionize the AI industry by providing developers with access to cutting-edge technologies. (Read More)
Chipmunk leverages dynamic sparsity to accelerate diffusion transformers, achieving significant speed-ups in video and image generation without additional training. (Read More)
Many firms with generative AI models are being sued for copyright infringement, and the Supreme Court may have just ruined their primary legal defense.
Decentralized exchange aggregator 1inch has successfully recovered most of the $5 million stolen in a recent exploit following negotiations with the hacker.
The post 1inch Recovers Majority of Stolen $5 Million After Negotiations appeared first on Kanalcoin.
The goal of introducing generative artificial intelligence tools by the two tech firms isn’t to replace humans but to help them.
Famed economist David Rosenberg has warned of a “crash landing” and an impending recession for the U.S. economy. Referring to the Philadelphia Fed’s manufacturing index chart, he stressed: “Take a good hard look at this chart and tell me we are heading into a ‘soft’ or ‘no’ landing. More like a ‘crash’ landing.” Economist Expects [...]
The post Economist David Rosenberg Warns of ‘Crash Landing’ and Recession, Citing Fed Data appeared first on Crypto Breaking News.
1inch Network, a DEX aggregating platform, has allocated 10 million INCH tokens to its Delegation Incentive Program, a press release on January 24 shows. The goal is to incentivize more 1INCH stakers to delegate their Unicorn Power to resolvers. Incentivize 1inch Stakers’ Delegation To Resolvers 1inch Network wants to increase the number of resolvers within its platform. Accordingly, it launched the 1inch Resolver Incentive Program in December 2022. The program’s goal was to compensate resolvers for the cost of gas they pay when they fill in user orders. As part of this arrangement, the aggregator encourages its users to stake 1INCH, their native governance token. Any user who stakes the governance token receives Unicorn Power in place of delegation rewards. Related Reading: MEV Crypto Bot Gains $1M But Loses Same To Hack Same Day Unicorn Power can either be delegated to resolvers or be used when voting on crucial network decisions. The aggregator has stated that the number of Unicorn Power received directly depends on the lockup period. Stakers who lock their assets for longer will receive more Unicorn Power. Following this announcement, 1inch Network will now distribute 250,000 1INCH to resolvers weekly. The program will run until all 10 million 1INCH are distributed. Funds from the foundation will, in turn, be used to reward 1INCH stakers who choose to delegate their Unicorn Power. However, the 1inch Foundation has stated that the number of 1INCH received will vary between resolvers depending on their network share. Program Follows Launch Of Fusion In late December 2022, 1inch Network launched the Fusion Mode. With Fusion, users can swap transactions without paying network fees. Depending on the underlying platform, network fees can vary from near-zero, cents, to double digits, in USD terms, in some blockchains, mainly Ethereum. Gas fees tend to spike when the Ethereum network is congested. Subsequently, this can increase the cost of swapping transactions in top decentralized exchanges like Uniswap, a platform whose price feeds are aggregated by the 1inch Network. Related Reading: 1Inch Exchange Co-Founder Disputes Claims bZx Attackers Stole $8m in DeFi Exploit In Fusion Mode, resolvers play a critical role in enabling users to swap without paying transaction fees. In this setup, resolvers fill pending orders. These resolvers are professional market makers who will pay underlying gas fees on behalf of the user. As a result of their participation, they profit from arbitrage trading. The launch of Fusion was described as a huge step forward for the entire DeFi space by Sergej Kunz, the co-founder of 1Inch Network. He added that swapping on the platform using Fusion will be much more cost-efficient and safer. “This is a huge step forward for the entire DeFi space. Fusion makes swaps on 1inch dramatically more cost-efficient, as users won’t have to pay network fees, plus, an extra layer of security is added, protecting users from sandwich attacks.” 1INCH is trading at $0.514 as of writing on January 25. Feature image from Canva, Chart from TradingView
Genesis said it will take additional weeks to carve out a recovery path for its lending business.
In Canada, the city of Niagara Falls claims that Blockfusion Bitcoin miner violates local laws and produces environmental disturbances. (Read More)
The controversial Taro protocol is ready for testing. The initial version of the code is available on GitHub, and it enables “developers to mint, send, and receive assets on the bitcoin blockchain.” Notice that the company isn’t talking about the Lightning Network yet. In a blog post announcing the Taro launch, Lightning Labs promised, “once the on-chain functionality is complete, we’ll work towards integrating the Taro protocol into lnd, bringing Taro assets to the Lightning Network.” Related Reading: An Interview with Ben Caselin on AAX- Lightning Network Integration and TARO Protocol Implementation This is the first step of many and it’s mainly aimed at developers. According to Lightning Labs, “this initial release is only designed for testnet usage as a way for developers to start using the code.” That means, no real value is flowing through Taro at the moment. But… what is Taro anyway? The blog post defines it as a “Taproot-powered protocol for issuing assets that can be transferred over bitcoin and in the future, the Lightning Network for instant, high volume, low fee transactions.” Taro Will Enable Stablecoins To Travel Through Lightning This is a multifaceted protocol that allows many things, but the feature everyone is excited about is the fusion of stablecoins with the Lightning Network. It’s controversial because you have to trust the issuer of stablecoins, which means they come with counterparty risk. Bitcoin doesn’t have that problem. In any case, in the subsection titled “The First Step Towards Bitcoinizing the Dollar,” Lightning Labs tries to convince us that stablecoins over Lightning are a good idea: “With Taro and the incredible developer community, we can build a world where users have USD-denominated balances and BTC-denominated balances (or other assets) in the same wallet, trivially sending value across the Lightning Network just as they do today. This leap forward will accelerate the path to bringing bitcoin to billions.” If that sounds too much like Galoy’s stablesats, it’s because both implementations are trying to solve the same problem. They use vastly different methods, though. And place the counterparty risk in different places. BTC price chart for 09/29/2022 on Fx | Source: BTC/USD on TradingView.com How Does Taro Work And What Else Does It Do? Don’t worry, these brand-new protocols are hard to master, or even understand. Luckily for us, Lightning Labs gave us a technical-but-easy-to-follow explanation as a refresher: “Taro assets are embedded within existing bitcoin outputs, or UTXOs. Think of these assets as “UTXOs within a UTXO.” A developer mints a new Taro asset by making an on-chain transaction that commits to special metadata in a Tapoot output. When minting a new asset, the Taro daemon will generate the relevant witness data, assign the asset to a private key held by the minter, and broadcast the newly created bitcoin UTXO to the bitcoin network. This new outpoint becomes the genesis point of the newly minted asset, acting as its unique identifier.” When Lightning Speed first tackled the Taro subject, we explained what a Taro asset can be: “What is a “Taro asset”? Whatever you want, your BTC can be “converted into different assets such as USD to EUR or USD to BTC.” Or, as Bitrefil’s Sergej Kotliar puts it, “Pay in currency of sender’s choice, receive in currency of recipient’s choice. This means that every wallet can now have native Strike-type “USD balance” functionality for example. With no need to trust the wallet, the only trust lies in the issuer of the token.” How To Get Started With The Novel Protocol As previously stated, this Alpha release is mainly for developers. If you’re one or know of one, here are the protocol’s coordinates: “To get started exploring Taro, download the daemon, check out the API documentation, and read the getting started guide. And for a more extensive explanation on how Taro works, take a deep dive into the Taro BIPs and our documentation.” Related Reading: Lightning Speed: Taproot And The Lightning Network, A Match Made In Heaven Have a blast, developers. And please report back to us with your findings. Featured Image by Jennyrang from Pixabay | Charts by TradingView
Cardano’s long-awaited Vasil Update is now only a few hours away that is intended to ramp up smart contract capabilities, increase the chain’s throughput and reduce costs. The blockchain R&D firm IOHK, in its latest blog, outlined what one should expect after the hard fork. Vasil is a component of the third development cycle for […]
The Cardano’s Vasil Upgrade is now live on the testnet, IOG noted while calling on stake pool operators [SPO] developers and exchanges to commence their final testing and integration processes before the mainnet hard fork in 4 weeks. “The teams at @cardanostiftung & IOG will be working closely with exchanges and DApp/tool developers throughout this […]
India's SVC Bank faced panic due to a mixup with collapsing Silicon Valley Bank, as their acronyms' similarity caused confusion among Indian citizens. (Read More)
AMD introduces Nitro Diffusion models, showcasing advanced AI image generation capabilities with high efficiency. The models leverage AMD Instinct MI250 accelerators for training and edge deployment. (Read More)
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