Author: GT

Crypto.com Faces Backlash After Reversing 70 Billion CRO Token Burn, Alleging Vote Manipulation Crypto.com has come under fire after it reversed a major token burn on the Cronos blockchain, which was initially announced in 2021 as the “largest token burn in history.” The company planned to burn 70 billion CRO tokens to decentralize the network but recently proposed to reissue these tokens, bringing the total supply back to 100 billion. This has led to widespread criticism and accusations of vote manipulation within the crypto community. The proposal, introduced on March 2, suggested the creation of a Cronos Strategic Reserve, which…

Dataminr, a data analytics company that counts NATO and OpenAI among its customers, has raised $85 million in a combination of convertible financing and credit, the company announced on Wednesday. It’s chump change for Dataminr, which closed a $475 million round at a $4.1 billion valuation in 2021. But the company has seen its fair share of downs as well as ups. In November 2023, Dataminr laid off 20% of its staff as it raced to fend off economic headwinds and “doubled down” on AI. “The new capital will allow Dataminr to accelerate its growth trajectory, [and] provide investors with…

By Prakhar Srivastava (Reuters) -Kraken, one of the world’s largest cryptocurrency exchanges, said on Thursday it would buy retail futures trading platform NinjaTrader for $1.5 billion, in a deal that would allow it to expand into multiple asset classes and grow its user base. The acquisition comes at a time the crypto industry is optimistic about more relaxed regulation under U.S. President Donald Trump, who courted crypto donors during the election and promised to support the sector. Industry leaders hope for policy shifts that roll back enforcement actions, encourage institutional adoption and create clearer rules for digital asset trading. Earlier…

NVIDIA has launched Dynamo, an open-source inference software designed to accelerate and scale reasoning models within AI factories. Efficiently managing and coordinating AI inference requests across a fleet of GPUs is a critical endeavour to ensure that AI factories can operate with optimal cost-effectiveness and maximise the generation of token revenue. As AI reasoning becomes increasingly prevalent, each AI model is expected to generate tens of thousands of tokens with every prompt, essentially representing its “thinking” process. Enhancing inference performance while simultaneously reducing its cost is therefore crucial for accelerating growth and boosting revenue opportunities for service providers. A new…

India has always been a country of dichotomies.It is the world’s most populous nation, fifth biggest economy and home to the highest number of billionaires after China and the U.S. It is a world leader in digital finance, thanks to the creation of digital public infrastructure, and is the world’s third-largest start-up hub.Yet it remains a lower-middle-income economy, with a large share of the population classified as low-income or poor, and is a highly unequal society.India’s climate narrative is, similarly, marked by contradictions.While its contribution to world cumulative emissions is negligible — India accounts for approximately 4% of the global…

“The enthusiasm into AI actually carries over into everything, which effectively impacts all startups,” said AngelList CEO Avlok Kohli when asked if investors remain as excited about emerging startups outside of AI. According to Kohli, AI startups make up nearly 40% of the startups on AngelList’s platform. Today on Equity, Mary Ann Azevedo caught up with Kohli to discuss how AngelList has evolved its model — from SPVs to collaborating with larger funds, how AI is reshaping the startup landscape, and what founders need to do to thrive in today’s market. Delving into AngelList’s expansion over the past six years,…

MANALAPAN, Fla. (AP) — The NHL has launched a front office app that modernizes the league’s roster, contract and salary cap information.The league worked with SAP to develop an app for Apple iPads that streamlines Central Registry data, cap and long-term injury status and no-trade and no-move clauses and lays it all out for general managers and league executives to access at their fingertips for the first time. Announced Thursday, GMs have been trying it out since late December.“Instead of traveling with a booklet of heavy — it looks like a magazine or a Bible, almost — having everything in…

A 40 times high-stakes Bitcoin trader has reemerged with a new $27.5 million bet in favor of shorts against BTC, placing a liquidation price of $85,545. The recent position follows the same trader’s earlier closing of a massive short just before the FOMC meeting, suggesting a more aggressive stance as the market demonstrates increased volatility. Whale goes 40x long on Bitcoin with a $44.2 million position, liquidating at $83,393. Source: Crypto_goos Bitcoin, close to $84,000 after 4% in the green, fell as the Federal Reserve kept interest rates steady at 4.25%- 4.5% while reiterating text on two cuts in 2025.…

View of the Peace Monument sculpture in front of the Petroleos de Venezuela (PDVSA) headquarters in Caracas, on December 2, 2022.Miguel Zambrano | Afp | Getty ImagesPresident Donald Trump is considering extending Chevron’s license to pump oil in Venezuela, people familiar with the matter told The Wall Street Journal.Trump said in late February that he would reverse a Biden administration decision that allowed Chevron to restart production in Venezuela. The Treasury Department gave Chevron until April 3 to wind down its operations.But the president was open to extending the license during a meeting with Chevron CEO Mike Wirth and other…

Nvidia’s GTC conference kicked off with a series of announcements highlighting its role in advancing autonomous driving technology. The chipmaker provides automakers and autonomous vehicle companies with a handful of Nvidia-branded tools to help power self-driving cars and create digital twins of factories. On Tuesday, companies including Torc, Gatik, and even General Motors announced plans to use Nvidia products for vehicle production, from warehouse robotics to automated driving.  To avoid any confusion among the slew of brand names Nvidia has bestowed upon its hardware and software tools, here’s a quick glossary of terms: Drive AGX: Nvidia’s in-vehicle supercomputer that processes…