In line with a broader trend among major tech firms, Chinese e-commerce behemoth Alibaba is downsizing its metaverse operations. The restructuring, which aims to improve efficiency, led to layoffs in Yuanjing, Alibaba’s metaverse unit, as the company recalibrates its focus in this sector. Downsizing Metaverse Unit According to the report by South China Morning Post, which is also owned by Alibaba, this move has affected “dozens” of employees. The layoffs reportedly impacted...
Read More »KRNL Labs raises $1.7m pre-seed to build the Largest Open Software Library in Web3
[PRESS RELEASE – London, UK, October 29th, 2024] The funding will support network growth in KRNL Labs’ quest to build the node package manager for decentralized computing KRNL Labs is pleased to announce a $1.7 million pre-seed funding round to build the largest open, multichain software registry in Web3. The round was backed by notable investors including TRGC, Superscrypt, Ryze Labs, Builder Capital, Blockchain Founders Fund, WAGMi Ventures, STIX, YAP Capital, and several...
Read More »Google Gemini Names Next Crypto to Get an ETF
Alphabet Inc’s Google department is making great strides with its AI chatbot, Gemini. Among Large Language Model AIs (LLMs), it competes with the likes of ChatGPT, Meta AI, and X’s Grok. As such, CryptoPotato decided to inquire about what cryptocurrency could be the next to have an exchange-traded fund in the States to track its performance. Alphabet’s Gemini Gets to Work While Nvidia AI chips are most popular for loading and calibrating AI chatbots, the Mountain View,...
Read More »Meme Coin Market Looking Grim: 4 of Top 6 Losers For the Week Are Memes
While they are issued by smart contract blockchains with base layer currencies like Ethereum (ETH) and Solana (SOL), meme coins have fetched far greater gains in a shorter period of time than the most established cryptos. Bitcoin, for example, gained 347% from key price support at a Dec. 31, 2022 low level of $16,500 to an all-time high Bitcoin price of $73,800 on Mar. 14, 2024. Ether, meanwhile, gained 234% from a Dec. 31, 2022 low level of $1,200 to an all-time high...
Read More »Warning: Malicious Python Package Masquerading as Solana Library Steals Private Keys
Cybersecurity researchers have uncovered a malicious package on the Python Package Index (PyPI) that was disguised as a legitimate Solana blockchain library. Instead of performing its claimed function, the package was designed to steal private keys from users’ cryptocurrency wallets. The actual Solana Python API project on GitHub is called “solana-py”, but it is named “solana” on PyPI. A threat actor took advantage of this small difference and uploaded a malicious package called ‘solana-py’...
Read More »Library Credits: Das ist der LBRY-Token
Der LBRY Token (LBC) ist die Kryptowährung der LBRY-Plattform, die auch Odysee betreibt. Er wird verwendet, um digitale Inhalte wie Videos zu kaufen, zu leihen oder für sie zu spenden. Content-Ersteller können mit LBC Geld verdienen, und Nutzer können ihre Lieblingsinhalte fördern. Die Blockchain-Technologie sorgt dabei für Sicherheit und Transparenz. In der digitalen Welt, in der Kryptowährungen und Blockchain-Technologien immer mehr an Bedeutung gewinnen, rückt der LBRY...
Read More »VR Crypto Project 5th Scape Hits $6M in Presale – Here’s Why Investors are Bullish
Imagine stepping into an immersive virtual reality world, all powered by crypto. That’s the big idea behind 5th Scape (5SCAPE) – a new VR project on Ethereum that is making waves after raising $6 million during its presale phase. 5th Scape – A New VR Ecosystem Built on Ethereum 5th Scape is a cutting-edge platform that’s taking VR experiences to the next level. The platform will offer a library of 3D VR games in genres such as MMA, cricket, soccer, archery, and more. But...
Read More »US Senators Introduce Stablecoin Regulatory Framework, While Warren Wants Restrictions
On April 17, the two pro-crypto Senators introduced the Lummis-Gillibrand Payment Stablecoin Act. The bill “solves key policy challenges that have lingered around previous proposals and provides prudential regulation and added consumer protections to stablecoin issuers,” said Lummis, who added, “But above all, it allows innovation to prosper.” The Senators have been drafting the bill for months as customer protections and proper custody practices for issuers came into focus...
Read More »Reddit-Börsengang: RDDT-Aktie kaufen?
Startglocke an der Börse für Reddit: Das US-Amerikanische Internetforum geht mit dem Kürzel RDDT an die New Yorker Börse. Wer bei Twitter und Facebook von Anfang an dabei war, hat gut verdient. Jetzt besteht die Möglichkeit, mit Reddit zusammen gross zu werden. Die Aktie gab nach dem Börsengang erst mal nach. Dies ist allerdings normal, denn viele Manager und Investoren wurden in Aktien belohnt und können nun auscashen. Daher ist jetzt die Chance günstig. Wer investieren will, braucht...
Read More »Eine Einführung in das britische Pfund: Geschichte, Bedeutung und aktuelle Entwicklungen
Das Pfund (englisch Pound) Sterling (auch als britisches Pfund bezeichnet) ist die Währung des Vereinigten Königreichs. Das Währungssymbol £ leitet sich von dem lateinischen Wort libra „Pfund“ ab und kann im Deutschen wie alle Währungszeichen dem Geldbetrag wahlweise nach- oder vorangestellt werden. Das britische Pfund, symbolisiert durch das Zeichen £, ist eine der ältesten Währungen der Welt und spielt eine bedeutende Rolle im internationalen...
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