Author: GT

(Reuters) -Wall Street’s top regulator is considering changing or scrapping regulations proposed under the prior administration that would require investment advisors keeping custody of cryptocurrencies and other assets to meet stricter standards, the agency’s interim chief said on Monday. Mark Uyeda, acting chair of the U.S. Securities and Exchange Commission, also said the agency was developing possible changes to a recent rule that requires mutual and exchange-traded funds to report portfolio holdings on a monthly rather than a quarterly basis. His address to an investment industry conference in San Diego laid out plans for a sharp divergence from the way…

Google’s parent company Alphabet is again in advanced talks to acquire cloud cybersecurity startup Wiz, a person familiar with the deal told TechCrunch. The two companies were close to securing a deal at a $23 billion valuation last summer, but the transaction failed to materialize.  This time, the price being discussed is higher, the person said. A price of around $30 billion was reported by The Wall Street Journal. Thomas Kurian, head of Google’s cloud division, is again leading the effort. Google Cloud sees Wiz’s cloud security products as a good fit for its customer base, and Wiz’s annual recurring…

Securitize and Ethena Labs, two firms working closely with BlackRock’s money market token BUIDL, have created an Ethereum-compatible blockchain called Converge, designed to house tokenized assets and provide institutional investors with the innovation of decentralized finance (DeFi). Ethena, which offers a yield-bearing USDe token as well as a BUIDL-backed USDtb stablecoin, will migrate its $6 billion DeFi ecosystem to Converge, while Securitize, the transfer agent for BlackRock’s BUIDL token, will bring its suite of tokenized real world assets (RWAs), like the recently-issued Apollo credit fund token, to the new chain. From in the early days of DeFi there has been…

The World Liberty Financial website arranged on a smartphone in New York, US, on Wednesday, Feb. 12, 2025. Gabby Jones | Bloomberg | Getty ImagesPresident Donald Trump’s World Liberty Financial crypto project said on Monday that it raised $250 million in its second token sale, bringing the total amount of coins sold to $550 million.WLFI, a venture backed by the first family that describes itself as a sort of crypto banking platform, launched in October, weeks before Trump’s election victory. In a document published at the time of launch, WLFI said the Trump family could take home 75% of net revenue.In…

Changpeng Zhao (CZ), the former CEO of Binance, has made a forecast for the crypto world, suggesting that just a tiny percentage will succeed in the long run. On March 17, CZ responded to an X post by EmperorBTC, a crypto influencer on X, who analyzed the psychology of actors in the crypto market and claimed that the overwhelming majority are not equipped to handle it. EmperorBTC said, “The bar to succeed in crypto is very low.” EmperorBTC explained that 80% of crypto investors are “tourists” who enter the market based on news dynamics and leave when sentiment changes. Over…

Discord on Monday announced the launch of its Discord Social SDK, a free toolkit that allows developers to leverage the platform’s social infrastructure to enhance their games’ social and multiplayer experiences. The toolkit allows developers to improve their in-game experiences, whether players have a Discord account or not. Social integrations include a unified friends list that allows players to access their Discord friends in-game and their in-game friends on Discord, making it easier to stay connected both in and out of the game. Plus, the SDK offers deep-linked game invites that enable players to invite their friends to directly join…

According to a JPMorgan Chase report, Bitcoin’s network hashrate did inch higher in March, but declining prices were putting pressure on mining profitability. The JPMorgan Chase report states that in the first half of March, the Bitcoin network’s hashrate increased by two exahashes per second (EH/s), averaging 811 EH/s. The report, authored by analysts Reginald Smith and Charles Pearce, elaborated that while the overall collective computing power that miners spent was slightly up in March, their profits were down as the price of Bitcoin fell by around 10%. While miners maintained their network share, their profits suffered. They earned about…

Get ready for Nvidia’s biggest conference of the year We’re on the ground in San Jose, California, where Nvidia GTC will take over SAP Center for a week full of GPUs, accelerating computing technologies, as well as robotics, sovereign AI, AI agents, and automotive — plus 1,000 sessions with 2,000 speakers and close to 400 exhibitors. Nvidia typically reserves a big chunk of the conference for GPU-related debuts. A new, upgraded iteration of the company’s Blackwell chip lineup seems likely. Rubin, Nvidia’s next-gen GPU series, is almost certain to get a mention at GTC, too. Beyond GPUs, Nvidia may illuminate…

Roblox announced Monday that it’s launching the first iteration of its 3D model, dubbed “Cube,” to allow creators to create 3D objects using generative AI. The company also launched an open source version so anyone off the platform can build on it. Announced last year at Roblox’s annual developer conference, the company is demoing Cube at the Game Developers Conference (GDC) later this afternoon.  Creators will have access to Cube later this week, which includes its first tool: mesh generation. Cube’s 3D mesh generation, currently available in beta, enables creators to “meshes,” or 3D representations of objects, using a single…

In a massive security breach discovered this week, approximately 23,000 GitHub repositories have been compromised in what security experts are calling one of the largest supply chain attacks to date. The attackers exploited vulnerabilities in the software development pipeline to potentially distribute malicious code to thousands of downstream applications and services. GitHub, a platform hosting over 200 million repositories and used by more than 100 million developers worldwide, confirmed the attack after several popular open-source projects reported unauthorized commits to their codebases. These repositories collectively serve as dependencies for millions of applications, amplifying the potential impact of this security incident.…