AI is rewriting the world and, at the same time, inventing a whole new language to describe how it’s doing it. Sit in on any product meeting, pitch, or panel these days, and you’ll hear people toss around LLMs, RAG, RLHF — and, as of last week, terms like “opaque recurrence,” the reasoning technique in…
Local-currency stablecoin launches have increased demand for 24/7 foreign exchange liquidity as more than 70% of conversions into dollar stablecoins begin in another currency. Summary TransFi CEO Raj Kamal expects local-currency stablecoins to move more foreign exchange activity onchain. Round-the-clock settlement could produce thinner liquidity and higher conversion costs outside normal trading hours. Fragmentation across…
JPMorgan Chase is now reviewing whether to launch its own stablecoin. The bank is doing that work on a separate track from a group of 21 banks and financial firms that plan to build a dollar stablecoin for business payments across borders, reports The Wall Street Journal. That group includes Bank of America, Wells Fargo, Citigroup,…
New payment companies could face a one-year wait to enter the Philippines’ regulated payment-system market. The proposed pause would give the country’s central bank time to reassess how payment operators are classified and regulated. The Bangko Sentral ng Pilipinas is proposing a 12-month suspension of new operator of payment systems (OPS) registrations. The draft pairs…
Key Takeaways Analyst flagged a record $9.07 billion in short-term whale paper gains. The metric eased to $7.51 billion but remained historically high. Elevated profitability may increase the risk of whale selling. Bitcoin Whale Paper Gains Reach a Record Short-term holder whale unrealized profit and loss reached $9.07 billion on Sept. 4, the highest reading…
In Bitcoin news today, Capital B has completed the purchase of 376 BTC for €25.3M, closing out nearly €30.1M in capital raises and pushing the French-listed firm’s strategic Bitcoin treasury to 3,521 BTC. The transaction, confirmed on September 7, was executed at an average price of €67,182 per BTC using proceeds from financings the company…
Grindr has agreed to pay £26 million to settle a lawsuit alleging that the gay hookup app shared users’ personal information, including HIV status, with third parties, the BBC reports. Mashable first reported that Grindr did this in 2018, based on an initial investigation from BuzzFeed News. Soon after that report was published, Grindr told…
Buterin says Bitcoin can handle network-layer attacks without needing the kind of broad social consensus required for deeper protocol changes. Vitalik Buterin has rejected a warning that artificial intelligence could cause Bitcoin to lose half its value by weakening assumptions about the network’s security. In reply to crypto commentator Liron Shapira, Buterin said the…
This clip-on speaker packs surprisingly chunky sound for its size. The built-in carabiner means you can easily tote it around while you’re on the go, and the onboard controls are easy to find and operate. This deal is solidly in the middle of what we tend to see; sometimes it falls a bit more in…
Key Takeaways Bitcoin briefly reclaimed $80,000 before slipping 1% back to $78,785 on Monday following sharp market moves. Derivatives liquidations topped $208 million across crypto, with long positions accounting for $119 million. Bitfinex analysts noted ETF inflows and Treasury yields will dictate whether BTC can break its $82,100 ceiling. Long Liquidations Outpace Shorts Bitcoin price…
