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Mar 18, 2024 | 
coinnounce.com | Aubrey Hansen |Saloni Sheelwant |Alexander Aryan
The Leap in Base's Daily TransactionsFollowing the Dencun upgrade, Coinbase's Ethereum layer-2 network, Base, experienced a significant surge in daily transactions, reaching a new milestone of 2 million on March 16. This represents a 350% increase from the approximately 440,000 transactions processed daily before the upgrade. This remarkable growth is attributed to the substantial reduction in transaction fees enabled by the Dencun upgrade.
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Feb 22, 2024 | 
coinnounce.com | Aubrey Hansen |Jai Pratap |Janet Sánchez
Boost from AI DemandNvidia has spectacularly claimed the title as the most actively traded stock on Wall Street, surpassing Elon Musk's Tesla, driven by an unprecedented surge in demand for artificial intelligence (AI) technology. This leap is underscored by a remarkable 265% increase in the company's year-on-year revenue, reflecting the growing global appetite for AI capabilities.
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Feb 14, 2024 | 
coinnounce.com | Aubrey Hansen |Saumil Kohli |Jai Pratap
Gold-tracking exchange-traded funds (ETFs) have experienced significant outflows totaling $2.4 billion so far this year, while Bitcoin ETFs have witnessed record inflows, highlighting a shift in investor sentiment. Gold ETF Outflows vs. Bitcoin ETF InflowsLeading gold ETFs have seen substantial outflows in 2024, with only a few exceptions recording minor inflows.
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Feb 14, 2024 | 
coinnounce.com | Aubrey Hansen |Jai Pratap |Janet Sánchez
Robinhood's CFO provides insights into crypto trading trends, revealing a preference for direct spot Bitcoin trading over ETFs among users. Despite concerns, Bitcoin ETFs are viewed as additive, contributing to Robinhood's robust Q4 performance.
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Feb 13, 2024 | 
coinnounce.com | Janet Sánchez |Saloni Sheelwant |Saumil Kohli |Aubrey Hansen
The sentencing date for Binance's former CEO Changpeng Zhao, also known as CZ, has been rescheduled to April 30, according to a filing in a Seattle Federal Court on Feb. 12. Originally set for Feb. 23, Zhao faces a potential 18-month prison sentence on money laundering charges.
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Feb 13, 2024 | 
coinnounce.com | Alexander Aryan |Saumil Kohli |Janet Sánchez |Aubrey Hansen
Just a week after the introduction of ERC-404, a new hybrid token and NFT standard known as DN404 has emerged, claiming to address the inefficiencies of its predecessor. Introducing Divisible NFT (DN404)Developed by a group of developers, DN404, or Divisible NFT, aims to improve upon the functionalities of ERC-404 by offering a more efficient and compliant solution. According to one of the developers, cygaar, DN404 seeks to be a hybrid ERC-20/721 token with native fractionalization built-in.
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Feb 12, 2024 | 
coinnounce.com | Janet Sánchez |Jai Pratap |Aubrey Hansen
Google has unveiled its ambitious "AI Opportunity Initiative for Europe," earmarking a substantial fund of 25 million euros ($26.9 million) to bolster skill training for Europeans in the realm of artificial intelligence (AI). Empowering Europe's WorkforceWith the continent poised to take the lead in leveraging AI for economic growth, Google's initiative seeks to empower individuals to seize the opportunities presented by AI.
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Feb 12, 2024 | 
coinnounce.com | Aubrey Hansen |Jai Pratap |Alexander Aryan
Institutional traders are placing a significant bet on the transformative power of artificial intelligence (AI) in trading, according to findings from a comprehensive survey conducted by JPMorgan. AI Leads the PackIn a survey encompassing 4,010 institutional traders across 65 countries, a staggering 61% identified AI and machine learning (ML) as the most impactful technologies shaping the future of trading over the next three years.
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Feb 12, 2024 | 
coinnounce.com | Alexander Aryan |Jai Pratap |Aubrey Hansen
The Bangko Sentral ng Pilipinas (BSP) sets its sights on introducing a wholesale central bank digital currency (CBDC) within the next few years, signaling a significant shift in the country's financial landscape. Embracing InnovationGovernor Eli Remolona Jr. of the BSP unveils plans to develop a CBDC, aiming to modernize the country's payment and settlement systems.
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Feb 12, 2024 | 
coinnounce.com | Aubrey Hansen |Jai Pratap |Alexander Aryan
Torrevieja, a bustling tourist destination in Spain's Alicante province, is poised to become Europe's first crypto-friendly city. With a population of 82,000, the city is embarking on an ambitious digital transformation project to embrace cryptocurrencies as a means of payment.
