Ordinals Resore ‘Builder Culture’ on Bitcoin – Vitalik Buterin
According to Ethereum co-founder Vitalik Buterin, introducing Bitcoin Ordinals marks the “organic return of builder culture” to the network. Buterin made the remarks in a Twitter Space on July 7 in which he discussed at length with Bitcoin advocates Eric Wall and Udi Wertheimer what Ethereum developers could teach Bitcoin developers. Buterin lauded Ordinals and […]
Lightning Network Launches Tools for AI to Trade and Hold Bitcoin
Bitcoin’s layer-2 solution network development company Lightning Labs unveiled a new set of tools for artificial intelligence (AI) to transact and hold Bitcoin. On July 6, Lightning Labs announced the toolkit that enables artificial intelligence applications, such as OpenAI’s ChatGPT, to interact with the Bitcoin network to transmit, receive, and store cryptocurrency. AI developers can […]
Ethereum NFT Royalties Hit Two-year Low
According to a report by blockchain analytics firm Nansen, royalties earned by nonfungible token (NFT) initiatives have fallen to their lowest level in two years. The data illustrates the lowest point for NFT royalties before the impact of the recent decline in the floor price of Bored Ape Yacht Club NFTs and the controversy surrounding […]
OpenAI to Create Team to Manage ‘Superintelligent’ AI Systems
ChatGPT creator OpenAI announced it would establish a team to manage the risks associated with superintelligent AI systems. OpenAI announced on its blog on July 5 that a new team will be formed to “steer and control AI systems that are much smarter than us. The non-profit believes that superintelligence will be “the most impactful […]
UAE Tops as Bitcoin Mining Location in the Middle East
The United Arab Emirates (UAE) is progressively establishing itself as the region’s premier Bitcoin mining location, with a combined Bitcoin mining capacity of 400 megawatts, about 4% of Bitcon’s global hash rate. With 30 free trade zones, the Middle East has established itself as a Web3-friendly destination for crypto-focused businesses, and by 2023, the region […]