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SolanaBeginnerBlockchain security firm CertiK has uncovered a new twist in the Remilia DAO hack from March. According to their report, the stolen crypto assets, worth approximately $4.3 million, have been funneled through Tornado Cash. For those unfamiliar, Remilia is a Decentralized Autonomous Organization…
#memecoin#nfts#tornado-cash
EthereumBeginnerThe Ethereum ecosystem is scaling new heights, literally. According to L2BEAT data, the combined transactions per second (TPS) of Ethereum’s scaling solutions reached an all-time high of 246.18 on June 16th, 2024. This translates to an estimated 21.2 million transactions processed across the day.…
#defi#gaming#layer-2
SolanaBeginnerSolana-based bot designed to exploit a specific arbitrage opportunity has raked in a staggering $30 million over the past two months. This bot, nicknamed “arsc,” leverages a technique known as maximum extractable value (MEV) arbitrage, raising concerns within the Solana community. MEV arbitrage…
#defi
GeneralBeginnerMeta Platforms, the social media giant behind Facebook and Instagram, has hit a roadblock in its European rollout of AI models. The company announced a delay in launching these models due to a directive from the Irish Data Protection Commission (DPC). The DPC, acting as Meta’s lead regulator in…
#ai#european#facebook
GeneralBeginnerAmazon Web Services (AWS), the cloud computing arm of Amazon, is making a significant push into generative AI with a two-pronged approach. They’ve committed a hefty $230 million to support early-stage startups working on generative AI technologies and have expanded their global Generative AI…
#ai#amazon#aws
GeneralBeginnerThe Bank for International Settlements (BIS) and the Bank of Canada (BOC) joined forces to announce the inauguration of the BIS Toronto Innovation Centre on June 13, 2024. This marks a significant development for financial innovation in the Americas, making Toronto the first hub in the region for…
#canada#finance
BitcoinBeginnerBitfarms announced a strategic expansion into Pennsylvania. The company plans to establish a new mining facility in Sharon, Pennsylvania, with an initial capacity of 12 megawatts (MW) of power. This facility has the potential to be scaled up to 120 MW by 2025, significantly boosting Bitfarms’…
#crypto#mining
SolanaBeginnerSolana Labs, the company behind the Solana blockchain, has launched Bond, a new customer engagement platform. Bond leverages blockchain technology to address limitations in conventional loyalty programs and enhance brand-customer relationships. Traditionally, loyalty programs struggle to maintain…
GeneralBeginnerOpenAI announced on Thursday that retired General Paul Nakasone, former director of the National Security Agency (NSA), has joined its board of directors. This move comes as OpenAI grapples with growing concerns surrounding the safety and security of powerful AI models. Nakasone brings a wealth of…
#agi#ai#chatgpt
GeneralBeginnerSpotify has announced a two-pronged approach: the launch of an in-house creative agency called Creative Lab and the testing of generative AI voiceover ads. Creative Lab signifies Spotify’s focus on attracting advertisers by providing custom marketing campaign solutions. The agency will collaborate…
#ai#spotify
GeneralBeginnerTesla and its CEO Elon Musk, a group of shareholders, have filed a lawsuit. The lawsuit alleges that Musk breached his fiduciary duty by creating a competing artificial intelligence (AI) company, xAI, while still leading Tesla. The crux of the lawsuit lies in the potential conflict of interest.…
#ai#elon-musk#tesla
GeneralBeginnerMike Novogratz, CEO of Galaxy Digital, a crypto investment firm, has sparked debate within the industry by calling memecoins a “cornerstone” of the cryptocurrency market. Memecoins, like Dogecoin and Shiba Inu, are digital currencies often inspired by internet jokes or memes. Their value can be…
#crypto#memecoin
