Tag: Crypto

Intel's daring venture into the crypto chip market has been slowed down by the withdrawal of its Blockscale 100 ASIC after being launched just a year ago. This move goes hand in hand with Intel's recent focus on more profitable investments, such as the closure of its cellular modem business, which will come into effect by March. Despite the crypto market crash in 2019, Intel pushed ahead with the project, yet it's now clear that their ambition won't be realized. Raja Koduri, a key player who spearheaded the project, left Intel in March while they focus on more cost-effective means of operation. Despite the bad news, Intel remains a major player in the tech industry and will continue to make daring investments.

. This week saw a number of significant developments in the crypto space including the successful implementation of Ethereum's Shapella hard fork allowing fund withdrawals, ETH surpassing $2,000 and FTX's token, FTT, surging over 112%. Japan is looking to utilize OpenAI's technology while Twitter offers users the chance to trade cryptocurrency and stock. Plus Mastercard has a NFT-gated artist accelerator program free to Music Pass NFT holders until April.

Vitalik Buterin recently revealed in a blog post that he employed ChatGPT 3.5 to optimize public transportation. AI is helping eliminate mundane tasks and playing a role in revolutionizing our lives, as proven by Ethereum founder's successful use of ChatGPT to reduce travel times and enable more efficient decentralized organization. Buterin believes ChatGPT bridges the gap between amateurs and professionals. With Goldman Sachs predicting AI will soon replace 300 million jobs, we can only see the effects this technology will have.

. This week crypto news saw North Carolina temporarily prohibiting crypto mining due to pollution and noise risk. Texas is pushing out a new bill that aims to control miner power consumption. AI-developed ChatGPT and Satoshi made headlines with Bitcoin hitting its peak of $64K and suggestions of effectual crypto trades. Moreover, Elon Musk joined the cryptocurrency market with Twitter's stock tracking AI and X Corp. merge. In terms of crypto tokens, Render Token topped with 36%, followed by Woo Network, Arbitrum and Injective with 31%, 30% and 27% increase. El Salvador's turning Bitcoin into a legal tender boosted its tourism by 30%.

. Y Combinator's latest batch of startups featured innovators from across the tech space, from AI to open source platforms and the potential return of cryptocurrencies. In Part 2 of YC's Winter 2023 Demo Day, we saw groundbreaking ideas like digital accounting, cloud marketplaces and crypto come to life. Bondly and CrowdAlerts stood out with their revolutionary offerings – digital asset management and road defect detection, respectively. These startups are set to revolutionize the world as we know it!