Crypto News
This AI Model Can Scream Hysterically in Terror
Nari Labs claims big emotional intelligence from its tiny Dia-1.6B AI model, putting industry leaders on notice.Source link
The Protocol: Will ETH Developers Swap Out the EVM for RISC-V?
Welcome to The Protocol, CoinDesk's weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, the Ethereum protocol reporter on CoinDesk’s Tech team.In this issue:Vitalik Buterin Proposes Replacing Ethereum’s EVM With RISC-VMatter Labs, ZKsync Developer, Sued for Alleged Intellectual Property TheftScroll’s Euclid Upgrade Pushes It Into ‘Stage 1’ Decentralization EraEigenLayer Adds Key ‘Slashing’ Feature, Completing Original VisionUnknown block type "divider", specify a component for it in the `components.types` optionThis article is featured in the latest issue of The Protocol, our weekly newsletter exploring the tech behind crypto, one block at a time. Sign up here to get it in your inbox every Wednesday.Unknown block type "divider", specify a component for it in the `components.types` optionNetwork NewsSWAPPING...
Jack Mallers to Head New Tether and Softbank Funded Bitcoin Treasury Firm
The firm will launch with more than 42,000 BTC on its balance sheet, worth nearly $4 billion at current prices, and will seek to “maximize bitcoin ownership per share.” Tether and Softbank Invest in New Bitcoin Treasury Firm Led by Strike’s Jack Mallers Strike founder and CEO Jack Mallers will be at the helm ofSource link
PGI Global Founder Hit With Fraud Charges in Alleged $200M Crypto Ponzi Scheme
The U.S. Securities and Exchange Commission (SEC) charged the founder of now-defunct crypto and foreign exchange investment company PGI Global, with violating federal securities laws, alleging he ran a “Ponzi-like scheme” that defrauded investors of nearly $200 million — and spent $57 million of customer money on Lamborghinis, real estate and luxury goods.Ramil Palafox, 59, of Las Vegas, Nevada, also faces parallel criminal charges tied to his role at PGI Global. In March, a Virginia grand jury charged him in a sprawling 23-count indictment that included eight counts of wire fraud. Due to what prosecutors described as Palafox’s “substantial ties” to the Philippines, including dual citizenship, the judge overseeing his criminal case issued an order on Tuesday that he should...
Bitcoin Edges Higher as Treasury’s Bessent Tempers China Trade Expectations
Investors responded positively to the president saying that tariffs on China “will come down substantially.”Source link