Currently, the total value locked (TVL) in decentralized finance (defi) stands at $82.2 billion, with Ethereum hosting a commanding 57.24% of that amount. Hot on its heels, Tron and Solana take the second and third spots for the largest TVLs today.
Ethereum Reigns Supreme in Defi With 57% of Total Value Locked
Despite ethereum (ETH) facing challenges against bitcoin (BTC) and solana (SOL)…
Venezuelan President Nicolas Maduro discussed the possible future of the national cryptocurrency system following the so-called PDVSA-Crypto scheme, which resulted in the loss of $20 billion in unaccounted oil sales paid in crypto. Maduro stated that the country needed to…
Coinbase Legal Chief Criticizes SEC's Vague Position on FTX Plan — Says Investors Deserve 'Way Better'
September 3, 2024
Coinbase’s chief legal officer has criticized the U.S. Securities and Exchange Commission (SEC) for its ambiguous position regarding FTX’s proposal to repay creditors using stablecoins or other cryptocurrencies. Although the SEC did not explicitly deem these transactions…
What lessons did the US Army learn from the Gaza aid pier mission?
September 2, 2024
It was their most challenging mission.
U.S. Army soldiers in the 7th Transportation Brigade had previously set up a pier during training and in exercises overseas but never had dealt with the wild combination of turbulent weather, security threats and sweeping personnel restrictions that surrounded the Gaza humanitarian aid project.
Designed as a temporary solution to get badly needed food and…
Tesla's Oct 10 Robotaxi event will be at Warner Bros studio in LA
September 2, 2024
Tesla will unveil its Robotaxi product at Warner Bros. studio in Burbank, CA, on October 10th, according to a report by Bloomberg.
Tesla has been using its Giga Texas facility for its unveilings in recent years, after many years of doing them in Calfornia, where the company…
At the DataGrail Summit 2024 this week, industry leaders delivered a stark warning about the rapidly advancing risks associated with AI.
Dave Zhou, CISO of Instacart, and Jason Clinton, CISO of Anthropic, highlighted the urgent need for robust security measures to keep pace…
Why we need to check the gen AI hype and get back to reality
September 2, 2024
For the past 18 months, I have observed the burgeoning conversation around large language models (LLMs) and generative AI. The breathless hype and hyperbolic conjecture about the future have ballooned— perhaps even bubbled — casting a shadow over the practical applications of today’s AI tools. The hype underscores the profound limitations of AI at this moment while undermining how these…
South Korean police arrested a man in his 40s for orchestrating a cryptocurrency scam that defrauded 158 investors of 16 billion won ($12 million). Operating from November 2021 to June 2022, he promised an 18% monthly return on investments in a fake cryptocurrency scam…
Court Approves BTC Loan for Bankrupt Bitcoin Mining Firm
September 2, 2024
Rhodium Encore LLC, a bankrupt bitcoin mining company, has received court approval for a unique debtor-in-possession financing plan that allows borrowing in either U.S. dollars or bitcoin. Galaxy Digital Holdings Ltd., a blockchain firm led by Mike Novogratz, has offered to…
Coinbase Reports Its First AI-to-AI Crypto Transaction
September 2, 2024
Coinbase CEO Brian Armstrong announced the platform’s first AI-to-AI crypto transaction, highlighting a new application of digital currency by artificial intelligence agents. Armstrong believes this advancement will enhance AI’s capacity to independently obtain resources and engage with humans and other AI systems. He encourages developers to add crypto wallets to support the growth of…
