Blockchain in modulesHaving distributed its native TIA token to 580,000 users, Celestia has now launched its mainnet beta program.With its description as a “modular data availability network that securely scales with the number of users,” Celestia seeks to address the stability and scalability problems that plague monolithic blockchains such as Ethereum and Solana. “It’s the start of a new era,” the Celestia Foundation, which supports development on the network, wrote in a blog post. “The modular era.” Unlike monolithic blockchains, which can only scale at the expense of decentralization or security, modular blockchains are made to address scalability issues by utilizing specific channels for speed and execution.In order to validate every piece of information that is accessible on a blockchain, Celestia also employs data availability sampling, or DAS.The combination aids in accelerating the transmission of data. “Celestia’s mainnet beta launch marks the arrival of the first live modular data availability network with data availability sampling (DAS),” said Ekram Ahmed, a spokesperson at the Celestia Foundation.

A multi-stakeholder High-level Advisory Body on Artificial Intelligence (AI) is being led by the UN Secretary-General. As AI technologies spread globally, the initiative seeks to manage the risks and uncertainties that come with them while also maximising AI’s potential for humanity. The comprehensive approach analyses and advances suggestions for the international governance of AI in

Google will pay the remaining $1.5 billion over time, as per The Wall Street Journal, after having already invested $500 million in the deal. A recent report claims that Google has increased its artificial intelligence (AI) wagers by contributing an additional $2 billion to the AI startup Anthropic. The Wall Street Journal (WSJ), which reported

The founder of dYdX, Antonio Juliano, made an announcement on Twitter on October 28, 2023, about significant transfers of $DYDX tokens that would occur in the coming days. This notice corresponds with plans to move tokens to the dYdX Chain, which will be documented as transfers on both the Ethereum and dYdX Chain, by dYdX

In a seed investment round headed by Polychain Capital and Bain Capital Crypto, Nocturne Labs, the startup behind the privacy on-chain accounts protocol Nocturne, revealed on Wednesday that it had raised $6 million. Other well-known Ethereum backers, such as co-founder Vitalik Buterin, Bankless Ventures, HackVC, and Robot Ventures, participated in the investment round. As stated in an interview, Nocturne Labs CEO and co-founder Luke Tchang stated that the funds will be utilized to both settle legal fees and advance blockchain development.Using blockchain technologies including account abstractions, stealth addresses, and zero-knowledge proofs, the Nocturne protocol is anticipated to emerge in the second half of November and introduce private accounts to the public blockchain. According to a press release, the accounts “function like conventional Ethereum accounts, but with built-in asset privacy.” According to Tchang, Nocturne might face competition from other privacy-focused protocols like Railgun or Aztec. “People have kind of been afraid of the space for regulatory reasons. We’re kind of the belief that there’s a way to do this the right way and being measured along the way and

ARK Invest, Cathie Wood’s tech-focused investment manager, has sold about $2.5 million worth of shares in the Grayscale Bitcoin Trust (GBTC).The fund offloaded 100,739 shares, or around 2% of its holdings in the ARK Next Generation ETF (ARKW).The sale took place at the same time as bitcoin (BTC) saw a bullish spike, rising above $34,000 for the first time in almost eighteen months.Ark is the second-largest holder of the trust with over 5.6 million GBTC shares, according to FactSet data. The expectation that the U.S. Securities and Exchange Commission (SEC) would eventually approve a spot bitcoin exchange-traded fund (ETF) is what is responsible for the momentum of bitcoin. This anticipation stems from asset management giant BlackRock listing its proposed ETF on the Depository Trust & Clearing Corporation database, bearing the ticker $IBTC. After the investing business won its legal battle with the SEC over the latter’s denial of its request to convert the trust into an ETF, Grayscale’s GBTC may also be granted approval as a spot ETF in the United States.Moreover, Ark purchased $2.4 million in shares of the well-known trading platform Robinhood (HOOD) and sold roughly $3.3 million worth of Coinbase (COIN) cryptocurrency exchange shares.ARK, led by Cathie Wood, has a history of accumulating equities near cryptocurrency companies during down markets.This GBTC share sale is an illustration of the opposite strategy, which is to profit from a positive market environment.

In an effort to give the cryptocurrency company another win in the long-running lawsuit against it, the U.S. Securities and Exchange Commission (SEC) has decided not to pursue allegations that Ripple’s CEO Brad Garlinghouse and Executive Chairman Chris Larsen helped and encouraged the company to violate federal securities laws in its XRP transactions. This decision also moves the regulator closer to appealing a federal judge’s decision in the case. The trial was originally scheduled for next year. The parties decided to voluntarily dismiss the allegations of aiding and abetting against the two executives with prejudice, which means they cannot be filed again, according to a document made on Thursday afternoon.According to the filing, the SEC will keep pursuing its allegations against Ripple. “For nearly three years, Chris and I have been the subject of baseless allegations from a rogue regulator with a political agenda,” said Garlinghouse, in a statement. “Instead of looking for the criminals stealing customer funds on offshore exchanges that were courting political favor, the SEC went after the good guys.” When the judge presiding over the case decided in July that Ripple had not broken any federal securities laws by making XRP available to ordinary investors through exchanges, the company achieved a significant, if only partial, victory.Judge Analisa Torres declared in the same decision that the business had sold XRP directly to institutional investors in violation of federal securities legislation. According to Thursday’s filing, the SEC and Ripple will continue their conversations in this second section.Similarly, the institutional sales, which were scheduled for trial in April of next year, are connected to the charges that were dismissed.

The global financial technology company Circle has launched the beta versions of two new Web3 Services products, Gas Station and Smart Contract Platform, in an effort to make blockchain interactions easier for developers and companies. These additional services are a response to Circle’s recently released Programmable Wallets product. Gas Station seeks to reduce end users’

Legislators are concerned that AI poses an existential threat, and this will be a major theme of discussion during the Nov. 1-2 conference. In November 2023, the United Kingdom will play home to the first-ever worldwide summit on artificial intelligence (AI) safety. The purpose of this event is to solidify the United Kingdom’s role as

The price of BarnBridge’s BOND more than doubled after the bankrupt cryptocurrency derivatives project said it will comply with unnamed demands from the U.S. Securities and Exchange Commission.The governance asset, which BOND holders use to vote on decisions at BarnBridge, reached its highest price since May as of Saturday afternoon’s trading, when the token was trading at $4.20. Founders Tyler Ward and Troy Murray were given “the authority to undertake all actions necessary to comply with the Order” from the SEC, including paying a fine, by a BarnBridge insider soon before the rally got underway. The project’s single-largest voting position was controlled by a team-linked wallet, which cast the lone vote during BarnBridge’s two-day ballot on the best course of action. “Is it in the spirit of crypto that a community binding proposal take effect, because of a 1 of 1 vote? Is this the decentralization we want to see?” said Nelson Rosario, an attorney who specializes in crypto law. Since at least July, securities regulators have been looking at the decentralized finance (DeFi) technology.After hiring a lawyer and stopping development funding, the protocol soon locked down the Discord server.

In a recent analysis, the blockchain analytics company Chainalysis found that Latin America has a tendency to favor centralized exchanges (CEXs) over decentralized exchanges (DEXs) in comparison to the rest of the globe. According to a research released on October 11 and trailing only the Middle East and North America (MENA), Eastern Asia, and Eastern Europe in terms of global crypto economy size, Latin America has the seventh-largest market. It does point out that CEXs are highly preferred by Latin American cryptocurrency consumers. “Latin America shows the highest preference for centralized exchanges of any region we study, and tilts slightly away from institutional activity compared to other regions.” The report stated. Additionally, relative to the worldwide average, there is a considerable skewed distribution of crypto activity by platform type toward CEXs in some nations within the area. The average preference for crypto platforms globally is 48.1% for CEXs, 44% for DEXs, and 5.9% for additional decentralized financial (DeFi) activities. However, in Venezuela, the preference for CEXs is far higher—92.5%—than that for DEXs, which is only 5.6%. Chainalysis emphasized that Venezuela’s unusual cause for its rapid adoption is partly related to a “complex humanitarian emergency.” According to the research, cryptocurrency was crucial in helping the nation’s healthcare workers directly during the COVID-19 epidemic in 2020. As a result, crypto became essential because regular payments were challenging due to the government’s political-influenced refusal to accept outside aid. However, Colombia displays a 74% preference for CEXs whereas only 21.1% of their preferences are for DEXs. Argentina, with an estimated $85.4 billion in bitcoin transactions during the calendar year that ended on July 1, leads Latin America in terms of sheer volume. The central bank of Argentina reportedly prohibited crypto transactions on May 5 in order to lessen

As the decentralized finance protocol’s emerging high-yielding staking product attracts millions in investor capital, Frax’s governance token FXS is stagnant.Frax announced sFRAX early on Thursday, an ERC4626 staking vault that enables owners of the protocol’s partially collateralized fractional-algorithmic stablecoin FRAX to earn yields that are comparable to the U.S. Federal Reserve’s (Fed) interest rate on reserve balances (IORB), which is presently about 5.4%. The program had an APY of 10% when it first launched, but it subsequently converged to the Fed’s IORB rate of 5.4%.According to Dune Analytics, more than 150 users have contributed more than $35 million so far to the vault.On Thursday, FXS’s price increased by 7% to $5.66; but, it has since declined to $5.49, representing a 24-hour gain of just 0.5%.With the market leaders bitcoin and ether continuing to trade in low-volume ranges, the price movement has remained stable. The new offering is a methodology for financing.To take advantage of the high interest in the US, MakerDAO has an advantage as the first mover.Parsec Finance reports that since February 2022, MakerDAO has invested approximately $2 billion in short-term bonds using offchain structures, paying a 5% interest rate on DAI and buying back its MKR coin.MKR has increased by more than 168% year to date, much above bitcoin’s 62% increase.FXS, however, has only increased by 32% this year.Some members of the crypto community predict that FXS will overtake MKR. “Impressive growth from sFRAX with $24.6M allocated to Frax Finance’s FinresPBC short-term U.S. Treasuries strategy currently yielding 10%. FXS set to make a MKR catch-up trade and reignite protocol revenue with the 5.25% risk-free rate,” McKenna, pseudonymous founder of Founder of Arete Research, said on X.

The blockchain and smart contract code auditor CertiK has eliminated positions due to “market dynamics.” “In response to evolving market dynamics, CertiK undertook a strategic workforce adjustment today, impacting fewer than 15% of our colleagues,” according to an emailed statement from co-founder and CEO Ronghui Gu. “Our primary aim is to recalibrate our team structure to better align with our long-term strategic aspirations. CertiK remains committed to our mission

ARB tokens worth a total of forty million have been amassed by a number of projects utilising the Arbitrum blockchain during a short-term incentives programme (STIP) round that concluded late on Thursday. According to a count, over the previous week, 29 Arbitrum projects made pitches to token holders about their goods and services in an

The creators of the Flare blockchain recently declared their intention to burn 2.1 billion FLR coins in order to promote ecosystem growth and general well-being. By permanently removing more than 2% of FLR’s total supply from circulation, community token holdings won’t be diluted and there will be more motivation for new users to join the

The first live blockchain-based collateral settlement transaction between JPMorgan and BlackRock and Barclays was completed on Wednesday, according to the massive American bank. BlackRock tokenized shares in one of its money market funds using JPMorgan’s Ethereum-based Onyx blockchain and the bank’s Tokenized Collateral Network (TCN). After that, Barclays Plc received the tokens as collateral for

Yuga Labs, the firm that created Bored Ape Yacht Club, has announced a restructure in which numerous functions have been “eliminated across the company.” Although the precise number of layoffs hasn’t been disclosed, Yuga Labs CEO Daniel Alegre claimed in a blog post uploaded on X (previously Twitter) on 6 October that the company had