Read enCRYPTed news, get deCRYPTed insights

Topic

Technology

A collection of 219 issues

Report: 65% of Investors Hold Cryptocurrencies Due to Their Long-Term Potential

The latest report from Gemini reveals fascinating insights into the adoption of cryptocurrencies among investors. The comprehensive study involved 6,000 participants from the United States, the United Kingdom, France, Singapore, and Turkey, offering a global perspective on the trends driving cryptocurrency investment. One of the key findings is that

AI Startup SSI Raises $1 Billion in Investments: Details, Future Prospects, and Significance

The security-focused artificial intelligence startup, Safe Superintelligence (SSI), has successfully raised $1 billion in investments from major venture capital firms, including Andreessen Horowitz, Sequoia Capital, DST Global, SV Angel, and NFDG. This funding has boosted the company’s valuation to $5 billion, positioning it as one of the most promising

Apple and Nvidia May Follow in Microsoft's Footsteps by Investing in ChatGPT Developer OpenAI

Apple and Nvidia are reportedly in talks to participate in a new investment round for OpenAI, the company behind the groundbreaking chatbot ChatGPT, according to sources cited by The Wall Street Journal and Bloomberg. This investment round could see OpenAI raise several billion dollars, with its valuation potentially exceeding $100

Vitalik Buterin Endorses California's AI Safety Bill SB 1047: A Landmark Step Towards Regulating Artificial Intelligence

Ethereum co-founder Vitalik Buterin has publicly expressed his support for California's groundbreaking artificial intelligence safety bill, SB 1047. This legislation, aimed at ensuring AI systems are developed and deployed responsibly, represents a pivotal moment in the intersection of technology and regulation. Buterin, a leading voice in the tech industry, welcomed

Nigeria to Present New Legislation on Crypto Asset Taxation in September 2024

In September 2024, the Federal Inland Revenue Service (FIRS) of Nigeria plans to introduce a bill that will regulate the taxation of digital assets, according to reports from local media sources. This move is set to provide a framework for taxing companies operating in the cryptocurrency and digital asset sectors

Unprecedented Capital Influx on Binance Reaches $2.2 Billion in a Single Day Amid Crypto Market Recovery Attempts

From August 6th to 7th, 2024, Binance experienced a staggering net capital inflow of $2.2 billion, marking a significant milestone in the cryptocurrency exchange's history. This surge, as reported by DeFiLlama, occurred amidst the crypto market's attempts to recover from a severe downturn. Record-Breaking Inflows and Market Impact The

Experts Comment on the Causes of Market Collapse

The recent downturn in the cryptocurrency market has garnered significant attention, with experts attributing the decline to several key factors, notably the actions of the brokerage firm Jump Trading. The Role of Jump Trading in the Market DownturnMany specialists point to Jump Trading's aggressive portfolio sell-off as a significant catalyst

Circle Valued at $5 Billion Ahead of IPO: An In-Depth Analysis

Circle Internet Financial, the issuer of the stablecoin USDC, has garnered significant attention in the financial world as it prepares for its initial public offering (IPO). Recent evaluations peg the company's value at approximately $5 billion. This valuation comes after a thorough examination of the company's shares, which have been

Meta Unveils Revolutionary AI Model Llama 3.1 to Rival OpenAI and Google in a Multi-Billion Dollar Race: An In-Depth Analysis of Its Features, Impact, and Future Prospects

On July 23, 2024, Meta made headlines with the announcement of its new AI model, Llama 3.1. This groundbreaking technology, developed over several months and at the cost of hundreds of millions of dollars, is poised to compete head-to-head with similar offerings from industry giants OpenAI and Google. The

Unraveling the Financial Movements of Mt. Gox: Expert Insights on Recent Bitcoin Transfers and Implications for Future Payouts

On July 22, 2024, the infamous bankrupt cryptocurrency exchange, Mt. Gox, made headlines once again as analysts from Arkham Intelligence observed significant capital movements on addresses associated with the exchange. This latest development saw Mt. Gox transfer 0.021 BTC, equivalent to approximately $1390, to another address, with an additional