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Blockchain
Interoperability Protocol Connext Labs Raises $7.5M at $250M Valuation
Connext said it is "building the HTTP of Web3" to create a communication layer across different blockchain networks.
Bitcoin Miners Transfer $174M Worth of Coins to Exchanges in Two Weeks
The 14-day average of miner transfers to exchanges has increased sharply to 489.26 BTC, the highest since March 2021, according to Glassnode.
Classifying Crypto Tokens as Securities Will Hamper Some Blockchains’ Decentralization Efforts, Bernstein Says
The core issue is whether countries should use securities law framed decades ago to categorize crypto tokens, without realizing the efforts of blockchain networks’ to transform existing financial systems, the report said.
AI and Blockchain Set to Converge: EY's Paul Brody Outlines Future of Tech Synergy
EY's Global Blockchain Leader, Paul Brody, highlights the potential of AI in interpreting blockchain transactions, remarking, "AI systems can give you a lot of mostly right answers at scale." Despite possible inaccuracies, he argues that AI's potential in software development for blockchain is considerable, predicting a future where these technologies harmoniously interact. Brody emphasizes a measured approach, adding, "We're sort of navigating this fitting process," signaling both blockchain and AI are on the brink of transformative growth.
Why AI and Blockchain's Merge Will Be Mundane at First
EY Global Blockchain Leader Paul Brody joins "First Mover" to discuss his opinion piece titled "When AI and Blockchain Merge, Expect the Mundane at First" and his outlook on the intersection between these two technologies. Plus, the details of his upcoming book "Ethereum for Business."
Blockchain-Based, AI Compute Protocol Gensyn Closes $43M Series A Funding Round Led by a16z
The capital infusion comes as interest in AI surges. Gensyn said it would use the money to accelerate the start of the protocol and expand its workforce.
Active Addresses on Blockchain Hit All-Time High: A16z Data
According to a16z crypto's State of Crypto Index, active addresses across various blockchains hit an all-time high for the second month in a row in May. The venture fund notes 19.47 million active addresses across blockchains including Ethereum, Polygon, Solana, Optimism, and more. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
When AI and Blockchain Merge, Expect the Mundane at First
As the transformative technologies of generative artificial intelligence and blockchain find their way in business, inevitably they will interact. The pairing has the potential to achieve wild, weird and presently unimaginable results, but expect the first experiments to be boring and predictable, says EY's Paul Brody.
Polygon Spinoff Avail Network Starts Phase 2 of Its Testnet
This second phase will include a more thorough testing environment to encourage validator participation.
