OpenAI launches consumer hardware division led by former Meta AR boss
The division’s new leader has extensive experience developing metaverse hardware.
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Spain’s Largest Telecom Company Seeks Entrepreneurs in Blockchain, AI
Spain’s largest multinational telecommunications company, Telefónica, has announced an initiative to support entrepreneurs in innovative technologies, such as blockchain and artificial intelligence (AI), according to an official press release published on Feb. 19.The Madrid-based company — also one of the largest telephone operators and mobile network providers in the world — has launched its first…

Austrian Steel Alukönigstahl Develops Blockchain-Based Steel Trading Database
Austrian steel trading company Alukönigstahl is working on a blockchain-based steel trading data system, local media outlet industriemagazin.at reported on June 13.Alukönigstahl CEO Stefan Grüll is working on the business model of a blockchain-based steel trading database dubbed “STEEL but SMART,” which targets traditional use cases. Within the framework of the project, Grüll reportedly founded a…

Binance and Paxos Partner on PAX to Fiat Exchange Portal
The biggest crypto exchange by volume Binance and digital asset Trust company Paxos have integrated a new fiat deposit gateway on Binance’s flagship trading platform. According to a press release published on June 26, the gateway will enable traders to exchange fiat currency for the PAX Standard (PAX) stablecoin on the Paxos platform via wire transfer.…

Bitcoin ‘under siege’ by BRC-20 coins as fees soar, claims analyst
Increased fees and a backlog of transactions are besieging the Bitcoin (BTC) network, and it’s due to a popular new “token” standard, according to a CryptoQuant analyst.Axel Adler Jr, an analyst with the crypto data firm, explained on May 9 that BRC-20 memecoin minting on the BTC blockchain is causing the surge in block space demand,…

Japanese Court Finds Ex-Mt. Gox CEO Guilty of Record Tampering
Mark Karpeles — the former CEO of the now-defunct Bitcoin (BTC) exchange Mt. Gox — has received a suspended jail sentence after being found guilty of tampering with financial records. The news was reported by Bloomberg on March 15.The Tokyo District Court has reportedly found Karpeles guilty of mixing his personal finances with those of…

Market correction vs. bear market: Key differences explained
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Bitcoin ‘good to go up’ after BTC price hits lowest since Terra crash
Bitcoin (BTC) recovered from a major dip at the May 26 Wall Street open as the market quickly exhausted buy support. BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewBitcoin volume surges with more expectedData from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping to $28,000 on Bitstamp — its lowest since May 12 and the Terra LUNA implosion. Progress…

What is Solend and how does it work
Solend is a decentralized lending and borrowing protocol built on Solana. It is lauded for expanding the methods available for Solana users to boost financial gains. Filling a large gap in the Solana ecosystem, Solend drew a staggering $100 million in deposits in just over a month post-launch.Related: DeFi lending and borrowing, explainedSolend rode the…