{
}
Google's Quantum AI team has introduced Willow, a quantum computing chip that can solve complex problems in under five minutes, a task that would take supercomputers 10 septillion years. While Willow represents a significant advancement with its 105 qubits and improved error correction, experts believe it is still far from threatening crypto encryption, which would require a quantum computer with around 13 million qubits. This breakthrough highlights the urgent need for advancements in post-quantum cryptography to safeguard digital assets.
Max Resnick, a notable Ethereum researcher, has joined Solana's core development studio, Anza, citing Solana's potential and frustration with Ethereum's slow adaptation. He criticized Ethereum's rigid culture and decision-making processes, suggesting the need for rapid changes to remain competitive. Meanwhile, the Pudgy Penguins NFT series announced a new token, PENGU, to be launched on Solana, further highlighting the growing appeal of Solana over Ethereum.
Ethereum faces increasing competition from Solana, highlighted by developer Max Resnick's departure to Solana due to frustrations with Ethereum's slow adaptation and internal politics. The launch of the Pudgy Penguins token on Solana further underscores this shift, raising concerns among Ethereum supporters about the platform's future viability. Resnick's move reflects a growing sentiment among developers seeking a more agile environment for innovation.
Ethereum's price dipped 3.7% below $4,000, with traders eyeing $3,500 as solid support. Despite the decline, bullish sentiment persists, driven by ETF inflows and structural improvements, as Ethereum's total value locked reaches $76.5 billion, the highest since April 2022. Vitalik Buterin emphasized the importance of democratized participation for Ethereum's future success.
The crypto market is buzzing with excitement as five emerging tokens, including CYBRO, XRP, Dogecoin, Shiba Inu, and PEPE, present opportunities for significant returns. CYBRO, an AI-driven multichain platform, recently surged 450% during its presale, raising $7 million and positioning itself as a leader in decentralized finance. With a planned listing price of $0.06, it aims to democratize access to DeFi through innovative tools and features, attracting both retail and institutional investors.
Decentralized science (DeSci) merges cryptocurrencies with scientific research, aiming to enhance transparency and community funding while addressing inefficiencies in traditional systems. Despite growing interest and participation from notable figures, skepticism remains regarding its viability and impact on society. Key protocols like OriginTrail and VitaDAO are leading the charge, yet experts caution that many DeSci initiatives may be misinformed or untrustworthy.
UBS has officially launched the UBS USD Money Market Investment Fund Token (uMINT) on Ethereum, following a successful experimental project with the Monetary Authority of Singapore. This move highlights the bank's commitment to blockchain technology and reflects increasing investor interest in tokenized financial assets. With $5.7 trillion in assets under management, UBS continues to innovate in the financial sector, paralleling offerings from firms like BlackRock.
UBS Asset Management has launched the UBS USD Money Market Investment Fund Token, or uMINT, utilizing Ethereum's distributed ledger technology to cater to institutional investors' growing interest in digital financial products. This fund offers conservative cash management services and is part of UBS's broader initiative to enhance digital services through UBS Tokenize. The uMINT fund will be accessible via approved distribution partners, further expanding investment opportunities.
Ethereum co-founder Vitalik Buterin criticized MicroStrategy's Michael Saylor for suggesting that Bitcoin holders should use large banks for custody, calling the idea "batshit insane." Buterin argued that this approach risks regulatory capture and undermines the principles of self-custody, which are essential for the integrity of the crypto network. The backlash against Saylor's comments has intensified, with other crypto advocates emphasizing the importance of individual custody to prevent centralization and corruption.
Vitalik Buterin
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
google's quantum chip willow advances computing but not yet a crypto threat
03:19 10.12.2024
Ethereum researcher joins Solana citing frustration with Ethereum's slow progress
United States Dollar
USA
Joseph Lubin
Max Resnick
David Hoffmann
Vitalik Buterin
Justin Drake
Show more
01:00 10.12.2024
ethereum faces competition as developer shifts to solana amid frustrations
23:18 09.12.2024
ethereum faces price drop despite bullish outlook and strong support levels
19:08 09.12.2024
emerging tokens promise extraordinary returns in the holiday crypto market
06:00 08.12.2024
decentralized science emerges as a potential solution to research inefficiencies
VitaDAO
OriginTrail
ResearchHub
Stephen Basile
Vitalik Buterin
Changpeng Zhao
Stephanie Dunbar
Show more
17:45 26.11.2024
ubs launches new tokenized money market fund on ethereum
14:00 03.11.2024
ubs launches tokenized money market fund on ethereum for institutional investors
08:55 02.11.2024
criticism mounts as buterin slams saylor's big bank bitcoin custody suggestion
United States Dollar
Fidelity National Information Services, Inc.
BlackRock, Inc.
Madison Reidy
Erik Voorhees
Vitalik Buterin
Jameson Lopp
Joe Burnett
Show more
09:00 23.10.2024
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Global Trade Developments
Global Financial Events
Finance Mergers & Acquisitions
Banking Regulations
Retail and Consumer Goods
Startups & Entrepreneurship
Central Bank Actions
Industry Mergers & Acquisitions
Inflation and Monetary Impact
Government Economic Policies
CEO Changes
Market Analysis and Predictions
Domestic Politics
Government Policies
Workplace Trends
GDP Growth & Recession Forecasts
Financial Scams and Security
Countries:
Companies:
JPMorgan Chase & Co.
Apple Inc.
Tesla, Inc.
Barclays PLC
Deutsche Bank Money Market PP
The Goldman Sachs Group, Inc.
Credit Suisse Strategic Income I
Banco Santander, S.A.
Berkshire Hathaway Inc.
UBS Group AG
Lloyds Banking Group plc
SpaceXCoin USD
Morgan Stanley
Amazon.com, Inc.
Bank of America Corporation
Wells Fargo & Company
BNP Paribas SA
NVIDIA Corporation
Bank Frick AG
UniCredit S.p.A.
Currencies:
United States Dollar
Euro
Swiss Franc
British Pound Sterling
Japanese Yen
Indian Rupee
Chinese Yuan
Vietnamese Đồng
South Korean Won
Canadian Dollar
Australian Dollar
Thai Baht
New Taiwan Dollar
Singapore Dollar
Indonesian Rupiah
Mexican Peso
Cambodian Riel
Russian Ruble
Hong Kong Dollar
Offshore Chinese Yuan
People:
Donald Trump
Elon Musk
Warren Buffett
JD Vance
Sergio Ermotti
Mark Haefele
Robin Leopold
Olivier Calvet
Troy L Rohrbaugh
Jennifer Piepszak
Karoline Leavitt
Ursula von der Leyen
Scott Bessent
Stacey Friedman
George Saravelos
Alex Kramm
Susan P. Crawford
Francois Xavier Bouvignies
Joseph Spak
Stefan Rauti