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Avalon Finance get $1.5 Million in Seed Funding to Enhance DeFi Lending
Cryptopolitan (RSS)

In a significant boost to its ambitions of reshaping decentralized finance (DeFi) lending, Avalon Finance, the inaugural lending protocol under the Merlin Chain umbrella, has successfully closed a $1.5 million seed funding round. 

This financial milestone underscores the industry’s confidence in Avalon Finance’s potential to innovate within the burgeoning BTC ecosystem.

A confluence of esteemed investors

The seed funding round saw participation from a consortium of leading venture capital firms and blockchain investors, including SNZ Capital, Summer Capital, Matrixport Venture, Spark Digital Capital, and Web3Port Foundation. The involvement of such notable entities not only brings financial support but also a wealth of expertise and strategic partnerships that are crucial for Avalon Finance’s growth and expansion plans. The diversity and caliber of the investors reflect a strong belief in Ava...

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Uniswap Research Highlights Cost Efficiency of Layer-2 Networks Over Ethereum Mainnet
Cryptopolitan (RSS)

In a g study conducted by Austin Adams, a researcher at Uniswap Labs, it has been revealed that conducting swaps and managing liquidity provisions on layer-2 networks is considerably more cost-effective than on Ethereum’s mainnet. 

This discovery sheds light on the evolving landscape of decentralized finance (DeFi), where layer-2 solutions are emerging as a pivotal force in enhancing efficiency and reducing transaction costs for users.

Superior liquidity and cost savings on layer-2s

The research paper presents compelling evidence that layer-2 networks, such as Arbitrum, have significantly outperformed Ethereum in terms of liquidity positions, creating over three times more liquidity positions in the past year. This surge i...

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The Pentagon Appoints a New AI Chief
Cryptopolitan (RSS)

The Pentagon has announced a significant change in its Chief Digital and Artificial Intelligence Office (CDAO). Craig Martell, who has led the department since its early days in 2022, is stepping down. Radha Plumb, known for her impactful roles at tech giants like Google and Facebook, will take his place. 

Radha Plumb brings a wealth of experience from the tech industry, with a strong background in trust, safety, and policy. Her transition to the role of Chief Digital and Artificial Intelligence Officer on April 8 starts a new chapter for the Pentagon’s AI initiatives. The Defense Department has high expectations for Plumb, anticipating her technical knowledge and strategic thinking will push the CDAO’s innovative projects to new heights.

Achievements and future directions

Under Craig Martell’s leadership, the CDAO has laid a strong foundation for AI and digital transformation within the Department of Defense (DOD). The format...

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Mozaic Finance Suffers $2.4 Million Hack Through Private Key Vulnerability
Cryptopolitan (RSS)

In a startling revelation that underscores the persistent vulnerabilities within the decentralized finance (DeFi) sector, Mozaic Finance, a prominent yield farming application, fell victim to a sophisticated cyber-attack on March 15. 

The exploit, which resulted in a loss of $2.4 million, was executed on the Arbitrum network, a layer 2 scaling solution for Ethereum that aims to improve its scalability and efficiency. The incident has once again brought to light the critical security challenges facing blockchain technologies and DeFi platforms.

The intricacies of the attack

According to a detailed report by blockchain security firm CertiK, the breach was orchestrated through a calculated compromise of a private key, a...

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Las Vegas Starts a High-Tech Quest for Pedestrian Safety
Cryptopolitan (RSS)

Las Vegas has recently clinched a $1.4 million grant from the federal government. This amount is earmarked for a cutting-edge initiative aimed at protecting pedestrians through artificial intelligence (AI). Fremont Street, a bustling hub of activity, is set to become a pilot area for this AI pedestrian detection system. This technology promises to transform traffic management. It will tailor traffic signals and crosswalk timings to the real-time flow of pedestrian traffic.

Las Vegas make safer streets

Las Vegas’s busy streets will soon witness the deployment of an AI system designed to monitor pedestrian movement. By gauging the volume of foot traffic and the duration required for people to cross, this system will adjust traffic signals accordingly. The goal is to ensure that pedestrians can walk more safely and efficiently.

This proj...

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OP Sepolia Testnet Will Be Launched On March 19
Coincu (RSS)

OP Labs has announced a significant upgrade to the OP Sepolia testnet, scheduled for release on March 19.Read more...

Coincu News
Fidelity Spot Bitcoin ETF Leads Inflows With $155 Million
Coincu (RSS)

Fidelity spot Bitcoin ETF leads with a $155 million net inflow, surpassing GBTC's $139 million outflow.Read more...

Coincu News
Grayscale Ethereum ETF Is Now Being Revised 19b-4 Filing To The SEC
Coincu (RSS)

Grayscale Investments updated its regulatory filing to convert Ethereum Trust to Grayscale Ethereum ETF.Read more...

Coincu News
ASCII Art Manipulates Responses in Top AI Chatbots, Unleashing Harmful Outcomes
Cryptopolitan (RSS)

Researchers have uncovered a significant vulnerability in AI chatbots, revealing how ASCII art can disrupt their ability to enforce safeguards against harmful responses. This revelation sheds light on a new attack method termed ArtPrompt, which leverages the distraction caused by ASCII art to bypass safety measures implemented in popular AI assistants like GPT-4 and Google’s Gemini.

In addition to highlighting the vulnerability posed by ASCII art manipulation, this discovery underscores the ongoing challenge of fortifying AI systems against sophisticated attack vectors. The emergence of ArtPrompt represents a notable advancement in adversarial techniques aimed at exploiting AI chatbots’ susceptibility to unconventional inputs, raising concerns about the broader implications for AI safety and security.

Hacking AI chatbots – The art prompt attack

ArtPrompt, an innovative tactical maneuv...

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Is the AI Threat Overblown? Insights from State Department Commissioned Report
Cryptopolitan (RSS)

In a report released this week, a consulting firm, commissioned by the U.S. State Department, has highlighted the imminent peril posed by the rapid advancement of artificial intelligence (AI), sounding the alarm on the escalating AI Threat. The report, titled “An Action Plan to Increase the Safety and Security of Advanced AI,” underscores the pressing need for governmental intervention to avert potential national security crises and to forestall the looming specter of an “extinction-level threat to the human species” attributed to the unbridled proliferation of AI technologies. 

The emergent AI crisis

Against the backdrop of escalating concerns surrounding the unchecked development of artificial intelligence, Gladstone AI, the consulting firm behind the report, delineates a stark reality that demands urgent attention from policymakers and stakeholders alike. As the realm of AI inches cl...

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TRAIN to Elevate AI Safety in Healthcare
Cryptopolitan (RSS)

This week, there was an introduction of a new national network dedicated to integrating AI into medicine safely. Dubbed the Trustworthy & Responsible AI Network (TRAIN), this initiative promises to shape the future of medical care by ensuring AI technologies are utilized in a secure and reliable manner.

TRAIN sets new standards

At a global conference held in Orlando, healthcare leaders unveiled TRAIN, a collaborative effort aimed at developing robust safety guidelines and tools for AI’s application in the medical field. Michael Pencina, Duke Health’s Chief Data Scientist and a key figure in this endeavor, shared his enthusiasm for the project. He highlighted the universal commitment among health system representatives to embrace AI with integrity and caution.

TRAIN is not starting from scratch. It aims to build on the groundwork laid by the Coalition for Health AI in April 2023. It’s striving to establish a set of stan...

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El Salvador Bitcoin Investment Continues To Be Strengthened With 1 BTC Per Day
Coincu (RSS)

The El Salvador Bitcoin investment now stands at 5,689 BTC, with plans to transfer a significant portion to a physical vault.Read more...

Coincu News
Starbucks Odyssey NFT Will Be Discontinued From March 18
Coincu (RSS)

The Starbucks Odyssey NFT closure is scheduled for March 31, including the shutdown of the Discord server on March 18.Read more...

Coincu News
Can AI-Powered Conservation Efforts Save Endangered Species from Extinction?
Cryptopolitan (RSS)

In an era rife with apprehensions about the perils of artificial intelligence (AI) looming over humanity, a beacon of hope emerges from the cerulean depths off the west coast of New Zealand, exemplifying the transformative potential of AI-Powered Conservation. Amidst the dire narrative of environmental degradation and species decline, the integration of AI into conservation efforts unveils a new chapter in the quest to preserve biodiversity, catalyzing hope for imperiled species like the Māui dolphins. 

Contrary to dystopian forecasts, AI emerges as a potent ally in the fight against extinction, catalyzing transformative initiatives to safeguard vulnerable ecosystems and imperiled species. The AI-powered conservation efforts illuminates a narrative of innovation and resilience, where technology converges with conservation to chart a path towards ecological restoration and harmony.

Revolut...

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Could ‘Woke AI’ Spell Death? Elon Musk Sounds the Alarm
Cryptopolitan (RSS)

In a recent tweet, tech titan Elon Musk issued a stark warning about the potential dangers posed by “woke AI,” singling out Alphabet Inc.’s Google Gemini as a prime example. Musk’s apprehensions revolve around the notion that AI systems programmed with a narrow focus, such as enforcing diversity at any expense, could veer into perilous territory, potentially resulting in dire consequences for humanity, as he warned that such AI could even pose lethal threats, potentially endangering human lives.

This new term “Woke AI” that has sparked heated debates and raised critical questions about the potential biases ingrained within AI systems. This term, “Woke AI,” has been championed by tech luminary Elon Musk and echoed by conservative media outlets, signaling a growing concern over the perceived influence of ideological agendas on AI development. At its core, “Woke AI” refers to artificial intelligence perceived to ...

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Bullish Projections Drive Wall Street Optimism – Optimistic Outlook Propels Stock Market Rally
Cryptopolitan (RSS)

In a testament to the resilience of investor sentiment, a stock market rally surged forward, brushing aside concerns over inflationary pressures. This bullish momentum was underpinned by a significant development in the form of an upgraded forecast for Wall Street earnings. As Bank of America revised its outlook on the US economy, highlighting the transformative impact of AI investments, the market witnessed a renewed wave of optimism, propelling stocks higher despite a backdrop of economic uncertainties.

Stock market rally – Optimistic projections from Bank of America

Bank of America’s bullish stance on Wall Street earnings reverberated through the market, with the institution now forecasting S&P 500 earnings per share (EPS) of $250 for the year 2024, marking a notable uptick from its previous estimate of $235. This upward revision, amounting to a 12% year-on-year i...

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Sam Bankman-Fried’s Comeback As Republican And Other Plans: Court Filing
CoinGape (RSS)

In the wake of FTX’s downfall, Sam Bankman-Fried has embarked on a strategic journey fraught with controversy and uncertainty. Seeking redemption and a fresh start, he has contemplated an array of unconventional tactics aimed at reshaping his public image and potentially launching a new venture. Among these strategies, Bankman-Fried pondered the possibility of making high-profile appearances, including on Tucker Carlson’s show, while publicly aligning himself with the Republican party.

Furthermore, he entertained the notion of vocalizing opposition to the so-called “woke agenda” and publicly criticizing the competency of the team tasked with managing his bankrupt former company. These considerations, outlined in a comprehensive 98-page memo, signify a profound departure from ...

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Top 12 Coins For The Next Altcoin Season
CoinGape (RSS)

The next altcoin season is knocking at the doors, with promises to turn the lives of investors. So, if you are a crypto enthusiast, it is the hottest time of the year to invest some funds in crypto and make the most of it.

But the question comes: which are the best next-season altcoin coins? Well, we will guide you to the list. In this article, after keen research, our team has prepared a solid list of coins that will change your fortune this altcoin season. These coins have the incredible potential to deliver big rewards. So, we would recommend you read to the end.

The post Top 12 Coins For The Next Altcoin Season appeared first on CoinGape.
Crypto Prices Today March 16: Bitcoin At 69K, ETH & ADA Rebound As PEPE Continues Decline
CoinGape (RSS)

The top crypto prices today registered a rebound as the Bitcoin (BTC) price extended beyond the $69,000 level again after attaining an all-time high at $73,836. In addition, the Ethereum price surpassed the $3,600 mark. Meanwhile, other top altcoins, such as XRP, Cardano (ADA), and Solana (SOL) gained significantly.

Major Crypto Prices Today
The Bitcoin rebounded significantly today. The Bitcoin price was up by 2.36%, reaching $69,003.28 at the time of writing on Saturday, March 16. On the other hand, it’s trading volume slumped 7.45% to $64.88 billion in the last 24 hours. Meanwhile, the crypto boasted a market cap of $1.35 trillion.

In the altcoin arena, the Ethereum price gained by 1.41% to $3,724.75 at press time with a market valuation of $447.32 billion. Whilst, ETH saw its t...

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Shiba Inu Coin: Shytoshi Kusama Unveils Groundbreaking Update For ‘Shiba Eternity’
CoinGape (RSS)

Following a nearly 200% upswing noted by Shiba Inu in the past 30 days, Shytoshi Kusama’s noteworthy announcement orbiting Shuba Eternity, an intriguing card game battle brought by the Shiba Inu community, appears to be gaining significant traction among crypto market enthusiasts globally. Notably, amid a substantial drop witnessed by Shiba Inu over the past week, this announcement’s surfacing captivated significant interest as it continued showcasing the community’s remarkable efforts to boost Shiba Inu’s ecosystem.

Shytoshi Kusama, Shiba Inu’s lead developer, dropped hints at a significant CCG (Shib ecosystem’s collectible card game) update looming. Amidst a flurry of advancements witnessed across the meme coin’s ecosystem recently, this announcement further sparks optimism for SHIB’s cryptographic venture ahead.

However, the meme coin traded in the red today, per CoinMarketCap’s data,...

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