UK to Invest $130M in AI Chips Amid Computing Power Demand
AI chips will be used to establish a resource, as a recent study found that 20% of companies lack sufficient computing capacity for AI. Prime Minister Rishi Sunak of the United Kingdom plans to spend 100 million pounds ($130 million) to purchase thousands of computer chips to fuel artificial intelligence in response to a global […]
China Plans to Extend its Social Credit System to Metaverse
According to proposals to a United Nations committee, China wants digital IDs and real-world punishments for Metaverse-related actions. Reportedly, China plans to implement a system similar to its social credit system in the Metaverse and other online virtual worlds. According to documents viewed by POLITICO and reported on August 20, the state-owned telecommunications company China […]
XRP Dominates Altcoin Space Recovery; Whales Buy The Dips
XRP Whales took advantage of the recent price drop by accumulating a substantial amount over the past weekend. XRP has surpassed $0.50. After experiencing intense selling pressure last week and falling below $0.50, Ripple’s native cryptocurrency XRP displayed signs of a robust rebound over the weekend. At the time of publication, XRP is trading 1.68% […]
Friend Tech Outperforms Bitcoin And Uniswap in Overall Fees
The Friend Tech token airdrop generated interest and volume on the platform. The platform receives funding at a valuation of $50 million. Within twenty-four hours of its debut, the decentralized social platform Friend Tech overtook Bitcoin, BSC, and Uniswap by accumulating more than $1 million in transaction fees. However, what is Friend Tech, and why […]
Cypher Protocol Freezes $600K Stolen Funds on CEXs
Cypher Protocol, situated in Solana, has prevented approximately $600,000 in stolen funds from leaving centralized exchanges. Cypher Protocol, a decentralized futures exchange based in Solana, managed to freeze $600,000 worth of cryptocurrency taken on August 7 via a security flaw. In a post on X (Twitter) on August 18, Cypher Protocol reported that, with the […]