Telegram Held $400M in Digital Assets, Generated Major Crypto Revenue in 2023
A substantial 40% of the company’s revenue is linked to its "integrated wallet" and the "sale of collectibles," both tied to cryptocurrency.
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US AI Safety Institute Teams Up with OpenAI & Anthropic to Test New Models Before Public Release
The U.S. AI Safety Institute, working closely with its U.K. counterpart, will provide feedback to Anthropic and OpenAI on how to improve the safety of their models.
Brave Browser Cuts 14% of Staff in Second Round of Layoffs, Continues AI Push
This latest round of job cuts comes just 10 months after Brave laid off 9% of its staff in October 2023, citing the need to manage costs during tough economic times.
Thai Authorities Bust Illegal Bitcoin Mining Linked to Power Outages
The house, rented by a company for four months, was abandoned by the operators, who fled before the raid. No arrests were made.
Elon Musk Backs Telegram’s Pavel Durov Amid Shock Arrest in France
The arrest was linked to a search warrant from OFMIN, a French agency focused on combating child sexual exploitation, following a preliminary investigation.
Tech Giants Meta and Spotify Challenge EU’s AI Regulations
They believe the current rules are stifling innovation and hindering European companies' ability to compete globally, especially due to stringent privacy laws around public data use.
Anchorage Digital Introduces Stablecoin Rewards for PayPal USD Holders
PYUSD remains fully accessible and segregated in participants’ accounts on-chain for quick deployment leveraging Anchorage Digital’s industry-leading security model.
Orderly Network Raises $5M to Boost Web3 Liquidity Infrastructure
This latest investment will strengthen Orderly Network, allowing it to keep innovating and growing. The company plans to speed up the release of important updates and features.
Alchemy and HackIndia Partner to Provide Web3 Infrastructure for Indian Universities
CSharpCorner hosts HackIndia to empower Indian students with emerging technologies and is committed to educating the developer community by focusing on growth through learning and sharing.
Airbnb Host Slapped with ₹1.25 Lakh Electricity Bill After Guests Mine Cryptocurrency
QUICK BITE A North Carolina Airbnb host had to add a surprising new rule: no cryptocurrency mining. This change came…
General Motors Cuts 1,000 Software Jobs to Explore Use of AI
The layoffs aren't about saving money or employee performance but are aimed at helping the company stay competitive in the growing market of software-defined vehicles.
Procreate Rejects Generative AI, Champions Human Creativity in Design
QUICK BITE While artificial intelligence (AI), particularly generative AI, is gaining traction and undeniably making many segments more efficient, it’s…
Ola’s Krutrim AI Cloud Offers Free Access to Everyone Until Diwali
Launched in early 2024, Krutrim AI Cloud provides a wide range of AI tools and services for developers, researchers, and businesses.
Crypto Crime Dips in 2024, But Centralized Exchanges Face Rising Thefts and Ransomware: Report
After a period of focusing on DeFi protocols, crypto criminals are targeting centralized exchanges. These exchanges, which handle significant Bitcoin transactions, are proving to be attractive targets.
Exodus Wallet Reports 80% Revenue Surge in Q2 2024 Amid Crypto Market Growth
With nearly a decade of experience, Exodus has built a trusted brand gaining recognition from consumers and other platforms.
Tornado Cash Developer Seeks Additional $1M for Legal Defense Against Money Laundering Charges
The support account pointed out that Pertsev has run out of money, stressing the need to stand with him and raise between $750,000 and $1 million to cover his ongoing legal costs.
Atari Revives Classic Breakout Game on Coinbase’s Base Network
As part of Base's "OnChain Summer," players can compete on the Atari Breakout leaderboard.
Japanese Investment Firm Metaplanet Secures $6.8M Loan to Expand Bitcoin Holdings
The loan from MMXX Ventures, a Metaplanet shareholder, has a 0.1% annual interest rate and a six-month term starting on Aug. 8. The company stated that the loan will be repaid in a lump sum.
Apple Intelligence Writing Tools Warn Users About Sensitive Content
The Apple Intelligence writing tools aren't designed to create new content from scratch, but Apple wants to alert users when the AI encounters sensitive terms.
Riot Posts $84 Million Quarterly Loss Amid Increasing Bitcoin Mining Difficulty
Bitcoin mining difficulty rose by 10.5%, from 82.05 trillion to 90.67 trillion, marking a 10% increase in the effort needed to mine a block compared to the previous 2,016 blocks or two weeks.
BitMEX Co-Founder Arthur Hayes Backs Ordinals Wallet Oyl and Launches Airheads NFT Series
Airheads is a collection of characters inspired by balloons, reminiscent of Jeff Koons' playful yet edgy balloon-like creations. The characters symbolize the inflationary pressures we all face, appearing large and beautiful due to metaphorical inflation.
Bombay High Court Protects Arijit Singh’s Rights Against Unauthorized AI Voice Cloning
In an interim order, Justice Riyaz Chagla prohibited eight online platforms from exploiting Singh's personality rights and ordered the removal of all such content and voice conversion tools.
Tria Unveils Unchained to Simplify Web3 Asset Management on Injective Blockchain
Tria's solution enables users to interact with any asset on any decentralized application across different chains without the need for additional wallets, bridging, or gas tokens, all facilitated by chain abstraction technology.
SEC Charges BitClout Founder Nader Al-Naji with $257 Million Cryptocurrency Fraud
Al-Naji raised $257 million through BitClout's token sale, allegedly misleading investors about fund usage. The SEC claims he spent over $7 million on personal expenses, including a Beverly Hills mansion and family gifts, instead of compensating employees.