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Yuga Labs, which acquired a number of non-fungible token (NFT) projects including CryptoPunks, Meebits and 10KTF, has expressed its intention to craft Otherside as a place for all of its intellectual property to converge. While still in beta, the company has been steadily teasing updates to Otherside via massive live
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Yuga Labs co-founder Wylie Aronow, who has since stepped back from the project, told me last year that the company is all-in on developing its gamified virtual world, which is meant to sit at the "intersection" of all of its NFT brands, like Bored Ape Yacht Club, CryptoPunks, Meebits and
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Meta's metaverse-related losses topped $3.74 billion over the second quarter with the Big Tech player spending $7.7 billion on its virtual reality business so far in 2023.Its second-quarter results released on July 26 saw Meta report an 11% revenue gain compared to the previous year, totaling $31.9 billion. Its metaverse-focused Reality
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Concerns of a potential appeal by the United States securities regulator to the landmark Ripple ruling earlier this month were shrugged off by Ripple’s chief legal officer Stuart Alderoty.Alderoty believes if the SEC takes the case to an appeal, the court could move to consolidate Ripple Labs’ partial victory over
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Blockchain intelligence platform TRM Labs recently released a report that presents several case studies highlighting the use of cryptocurrency by ISIS affiliates across Asia. The report links on-chain connections between these groups and pro-ISIS fundraising campaigns in Syria.Published on July 21, the report indicated that there was “mounting on-chain evidence”
Read MoreThe U.S. Securities and Exchange Commission has suggested that it may appeal a recent ruling on the Ripple Labs lawsuit, which deemed XRP to not be a security when sold to retail investors. The SEC argues that the ruling goes against “fundamental securities laws principles” such as the Howey Test,
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AI21 Labs recently launched “Contextual Answers,” a question-answering engine for large language models (LLMs). When connected to an LLM, the new engine allows users to upload their own data libraries in order to restrict the model’s outputs to specific information. The launch of ChatGPT and similar artificial intelligence (AI) products has
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Crypto has been utilized by terrorists and insurgent groups around the world over the past few years. In 2021, global crypto exchange Binance reportedly froze the accounts controlled by the militant wing of Hamas, which accumulated around $80,000 in a single month, CryptoX reported. Apparently, the traceability of bitcoin led
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Terraform Labs is seeking permission from a judge to subpoena data from bankrupt crypto exchange FTX, claiming the information could help its defense against a lawsuit brought by the United States Securities and Exchange Commission in February, a court filing shows. In a search for evidence that could back its defense
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Traders, known as Dynamic Liquidity Providers, can lock in the native RDNT token to profit from interest and flash loan fees and have governance authority within the Radiant DAO. The protocol’s platform fees are paid out in bitcoin (BTC), ether (ETH), BNB Coin (BNB) and stablecoins. Source
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