Technology Archives - Page 8 of 10

$9 Billion Price Tag: AI Startup Anysphere’s Rapid Ascent

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Thrive Capital, a venture capital firm backed by OpenAI, has led a significant $900 million funding round for Anysphere raising its valuation to approximately $9 billion. Anysphere’s Valuation Rises More Than Threefold Venture capital firm Thrive Capital recently led a massive $900 million funding round for Anysphere, the creator of the rapidly expanding artificial intelligence […]

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Solana Patches Bug That Could Have Allowed Attackers to Mint and Swipe Tokens

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In brief Solana engineers patched a bug that affected Token-22 confidential tokens. If exploited, an attacker could have minted unlimited quantities of tokens and withdrawn them from accounts. The bug was patched quietly ahead of public disclosure, generating social media debate. Solana network validators narrowly avoided catastrophe, rolling out a patch that killed a bug

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Vitalik Buterin highlights risk of weak proof systems in Ethereum Layer-2 rollout

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Ethereum co-founder Vitalik Buterin has warned that Layer-2 networks should only transition to full decentralization when their underlying proof systems are highly reliable. In a May 5 post shared on X (formerly Twitter), Buterin emphasized that advancing to “stage 2″ of decentralization must be accompanied by solid technical safeguards to avoid introducing unnecessary risks. He

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Crypto Czar David Sacks Estimates AI Will Evolve a Million Times in the Next Four Years

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Davis Sacks, the cryptocurrency and artificial intelligence (AI) czar of the Trump administration, has predicted that AI will evolve by one million times in the next four years. He supports this forecast based on performance jumps in three areas: the models, which he sees improving by 3 to 4 times each year; chips, with performance

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Vitalik Buterin wants to make Ethereum ‘as simple as Bitcoin’ by 2030

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Ethereum co-founder Vitalik Buterin believes that the blockchain’s long-term resilience and scalability hinge on making it simple, like Bitcoin. In a blog post on May 3, he described how “Ethereum 5 years from now can become close to as simple as Bitcoin.” Buterin wrote: “One of the best things about Bitcoin is how beautifully simple

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Discussions Heat Up Among Bitcoin Devs Over OP_RETURN Proposal

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A heated debate is raging in the Bitcoin community over a technical proposal that could change how data is stored on the blockchain. The issue is around the OP_RETURN function, a feature that lets users attach small amounts of data to Bitcoin transactions. Currently this data is limited to 83 bytes, but a new proposal—Pull

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US blockchain firms urge SEC to clarify crypto staking rules

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A coalition of US blockchain firms has urged the Securities and Exchange Commission (SEC) to provide clear regulatory guidance on crypto staking. The coalition, led by the Crypto Council for Innovation, requested in an April 30 open letter that the agency treat staking with the same clarity it recently applied to proof-of-work mining. Staked tokens

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Ethena Labs partners with TON to integrate USDe into Telegram ecosystem

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Ethena Labs, the team behind the synthetic dollar USDe, has announced a strategic partnership with the TON blockchain. According to a May 1 statement, this move brings both USDe and its yield-generating counterpart, sUSDe, directly into the Telegram ecosystem. Ethena said: “This represents one of Ethena’s most meaningful launches to date. [Telegram] Users within [in

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Singapore Gulf Bank tackles global finance hurdles with crypto-focused SGB Net launch

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Singapore Gulf Bank (SGB) has launched SGB Net, a real-time clearing network designed to power digital asset transactions for businesses across the Middle East and North Africa (MENA). According to a May 1 statement, this move marks a significant step toward addressing long-standing issues in cross-border finance, including settlement delays and high transaction fees. Notably,

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Ethereum Set for UX Overhaul With New Interoperable Address Standards

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In brief The new ERC-7930 standard gives computers a standardized format, while ERC-7828 creates human-readable addresses. These standards prevent costly errors when sending assets between different networks. Implementation is expected in wallets and cross-chain protocols after it’s finalized on May 9th. Developers working on Ethereum are about to finalize two complementary standards that could solve

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