Top crypto tweets of the day – May 24th

Related articles

• Gensyn AI raises $43 million in Series A funding led by a16z to revolutionize decentralized machine learning

  TL;DR Breakdown Gensyn AI raises $43 million in Series A funding led by a16z to revolutionize decentralized machine learning. The UK-based company aims to democratize AI by providing a pay-as-you-go model for AI tools and leveraging decentralized technology. Gensyn AI’s protocol connects hardware for machine learning tasks, offers scalability with low verification overhead, and aims to make AI infrastructure widely accessible. Gensyn AI, a UK-based company, has secured $43 million in a Series A funding round led by venture capital giant a16z. The company aims to democratize artificial intelligence (AI) by leveraging decentralized technology and providing developers with a pay-as-you-go model for creating AI tools. Gensyn AI’s decentralized machine learning compute protocol Founded in 2020 by Ben Fielding and Harry Grieve, Gensyn AI offers a decentralized machine learning compute protocol. This protocol connects hardware that performs machine learning tasks like GPUs and CPUs. The key challenge addressed by Gensyn AI is ensuring proper execution verification of computational tasks, specifically for machine learning training. Gensyn AI’s protocol is based on the Substripe blockchain, operating as a layer-one proof-of-stake blockchain. This approach…

  Article 2023年6月15日

• ChainLink price analysis: LINK crashes by 6% after strong bearish influence

  TL;DR Breakdown ChainLink price analysis is bearish today. The strongest resistance is present at $6.5. LINK trades at $6.1 at the time of writing. ChainLink price analysis for April 19, 2023, indicates a decline in the market, with negative momentum. During the final hours of June 5, 2023, the cryptocurrency LINK exhibited a persistent bearish trend, characterized by a decline in price from $6.5 to $6.36. Additionally, the broader market also displayed a downward trajectory, contributing to a further decrease in the value of ChainLink, ultimately reaching a settlement at $6.1. It is worth noting that this closing value marginally surpassed the crucial threshold of $6. As of today, June 5, 2023, the price of Chainlink (LINK) stands at $6.10, accompanied by a 24-hour trading volume of $463.41 million. The market capitalization of Chainlink is valued at $3.16 billion, with a market dominance of 0.29%. Over the past 24 hours, the LINK price has experienced a decrease of 5.83%. Presently, the sentiment surrounding Chainlink’s price prediction is bearish, and the Fear & Greed Index indicates a neutral sentiment with a…

  Article 2023年6月10日

• Meta to fight EU antitrust charges at today’s hearing

  TL;DR Breakdown Meta is contesting EU antitrust charges at a closed hearing today. The EU alleges Meta unfairly ties its social network to its classified ads service and imposes unfair conditions on services. If found guilty, Meta could face a fine of up to 10% of its global turnover and be ordered to change its business practices. Meta’s new app, Threads, is not yet available in the EU due to the bloc’s stringent privacy regulations. Description Facing the prospect of a hefty fine, Meta, the parent company of Facebook, heads to a closed-door hearing today to refute European Union (EU) antitrust allegations. The EU accuses the tech giant of leveraging its social network, Facebook, to give its classified advertisements service, Facebook Marketplace, an undue edge in the market. Meta Stands Against … Read more Facing the prospect of a hefty fine, Meta, the parent company of Facebook, heads to a closed-door hearing today to refute European Union (EU) antitrust allegations. The EU accuses the tech giant of leveraging its social network, Facebook, to give its classified advertisements service, Facebook Marketplace,…

  Article 2023年7月14日

• Elon Musk in trouble over Trump Twitter records

  TL;DR Breakdown Elon Musk’s acquired platform, X (formerly Twitter), fined $350,000 over delay in providing Trump’s account records. The request was part of a DoJ investigation into disruptions post-2020 elections and the January 6 Capitol breach. X tried challenging a gag order that prevented public discussion of the warrant, citing First Amendment rights. Description Elon Musk’s recent acquisition, now rebranded as X but once widely recognized as Twitter, finds itself ensnared in legal controversies involving none other than former U.S. President Donald Trump. A hefty $350,000 fine was slapped on X for its delay in responding to a covert search warrant relating to Trump’s infamous Twitter records. The evolving … Read more Elon Musk’s recent acquisition, now rebranded as X but once widely recognized as Twitter, finds itself ensnared in legal controversies involving none other than former U.S. President Donald Trump. A hefty $350,000 fine was slapped on X for its delay in responding to a covert search warrant relating to Trump’s infamous Twitter records. The evolving drama provides a window into the intricate dance of politics, business, and law….

  Article 2023年8月11日

• UK Parliament takes major step towards crypto regulatory clarity

  TL;DR Breakdown Lawmakers in the upper house of the UK Parliament are pushing forward with legislation that aims to support the adoption of cryptocurrencies in the country.  The legislation will now return to the lower house, the House of Commons, where representatives can review any proposed changes put forth by the upper house. The most recent amendments made by the House of Lords did not appear to introduce any changes directly relevant to the cryptocurrency industry. Description Lawmakers in the upper house of the United Kingdom’s Parliament are pushing forward with legislation that aims to support the adoption of cryptocurrencies in the country. During a meeting on June 19, members of the U.K. Parliament’s House of Lords expressed their support for the Financial Services and Markets Bill, which seeks to strengthen the … Read more Lawmakers in the upper house of the United Kingdom’s Parliament are pushing forward with legislation that aims to support the adoption of cryptocurrencies in the country. During a meeting on June 19, members of the U.K. Parliament’s House of Lords expressed their support for the…

  Article 2023年6月22日