Nigeria recently launched a government-led program to educate 1,000 citizens annually in cutting-edge technologies like artificial intelligence and blockchain. The initiative aims to position Nigeria as a leader in digital transformation and global economies. The Vice President, Kashim Shettima, inaugurated the AI Expertise Blockchain and Technology Training and Outsourcing Initiative in Jigawa. Partnering with tech company Gluwa, the government plans to provide training in AI and blockchain. President Bola Ahmed Tinubu also announced financial grants to support fintech development. Additionally, the National Information Technology Development Agency revealed plans to establish research centers focusing on AI, IoT, and blockchain. This initiative underscores Nigeria's commitment to technological advancement and economic growth, aligning with the country's efforts to accelerate development and innovation in various sectors. Read more AI-generated news on: https://app.chaingpt.org/news

Singapore, July 23rd, 2024 - Magnify Cash is at the forefront of decentralized finance (DeFi) with its cutting-edge DeFi protocol and the imminent Fair Launch of its native token, $MAG. By revolutionizing financial services for individuals and businesses, Magnify Cash is paving the way for the future of decentralized credit markets. The platform enables liquidity for Real-World Assets (RWAs), Future Yield Tokens (FYTs), and various digital assets through innovative lending desks. With features like Universal Collateral Acceptance, users can utilize NFTs and tokenized real-world assets as collateral without liquidating them. Magnify Cash prioritizes security, compliance, and strategic partnerships to ensure a reliable platform. The upcoming Fair Launch of the $MAG token promises a transparent distribution, encouraging broad participation and community engagement. Interested participants can secure $MAG tokens and explore the ecosystem through the platform's website. Join Magnify Cash's vibrant community for real-time updates and support in the evolving world of decentralized finance. Read more AI-generated news on: https://app.chaingpt.org/news

The Sui Foundation, dedicated to advancing the Sui blockchain, has integrated AWS Blockchain Node Runners to facilitate easy deployment of Sui full nodes on Amazon Web Services. This collaboration offers developers a self-managed node deployment solution within the AWS environment, ensuring high availability and scalability. Navi, a prominent liquidity protocol, is among the first to utilize Node Runners on Sui. The integration provides validated deployment templates for scalable node operations, multi-node deployment options for high availability, and open-source deployment code on GitHub. By offloading query servicing from validator nodes, full nodes on Sui enhance transaction processing efficiency. Developers and startups building on Sui may be eligible for up to $5,000 in Activate credits through AWS. Henrik Johansson of Sui Foundation emphasizes the significance of this integration in simplifying node deployment and providing financial support for AWS development. Read more AI-generated news on: https://app.chaingpt.org/news

Bitcoin casinos have gained immense popularity among online gamblers, offering a wide range of games like Blackjack, Roulette, and Slots using digital currencies. This article reviews the top Bitcoin casino platforms in 2024, evaluating them based on criteria such as Bonuses, Game Variety, Security, and Payout processes. BC.Game stands out for its diverse game selection and commitment to fair play. Jackbit combines sports betting with casino games, offering exclusive promotions and high roller options. CryptoLeo focuses on player anonymity and fast transactions, while WildCasino provides a classic casino experience with high-stake options. BetPanda excels in mobile gaming, while BitStarz offers exclusive games and flexible banking options. Flush rewards players with innovative programs, and Luckyblock leverages blockchain for fairness. Metaspins integrates with the metaverse, offering high RTP games and interactive features. The article also covers game variety, security measures, bonuses, and responsible gambling practices in the world of Bitcoin casinos. Read more AI-generated news on: https://app.chaingpt.org/news

Recent on-chain data indicates that Bitcoin mining revenue is approaching its annual average, hinting at a possible end to miner capitulation. Analyst James Van Straten delves into the current state of BTC miners, focusing on their daily total revenue as a key metric. This revenue comprises block subsidies and transaction fees, with the former historically dominating miner earnings. The surge in miner revenue earlier this year was fueled by price rallies and increased network activity, including the introduction of Runes technology. However, the fourth Halving event led to a sharp decline in revenue, pushing it below the 365-day moving average. Despite recent recovery to $35 million, close to the yearly average of $40 million, miner capitulation may soon subside if revenue surpasses the moving average. This development could potentially drive Bitcoin's price higher in the near future. Read more AI-generated news on: https://app.chaingpt.org/news

Bitlayer, a Bitcoin layer-2 network, has secured $16 million in funding, with Franklin Templeton and ABCDE leading the Series A round. This investment values Bitlayer at $300 million, marking a significant milestone as the first Bitcoin Layer 2 project to receive backing from an ETF-licensed institution. The funding will support Bitlayer's expansion as it develops a Bitcoin Layer 2 network based on the BitVM system. With over 200 projects in its ecosystem and $550 million in total value locked, Bitlayer is a top Bitcoin scaling project. The team is now working on Mainnet-V2, a Bitcoin-native rollup to enhance performance and security. Kevin He, Bitlayer Co-Founder, emphasizes the platform's potential to unlock value for Bitcoin and drive mass adoption. The evolving Bitcoin ecosystem, including developments like Ordinals, is transforming the network into a platform for diverse digital assets. Read more AI-generated news on: https://app.chaingpt.org/news

Bitcoin mining company IREN, previously known as Iris Energy, is delving into the artificial intelligence market with a GPU pilot at its Childress site in Prince George. Seeking to capitalize on the AI boom, IREN appointed Morgan Stanley as its financial advisor to explore monetization opportunities in the AI data center sector. Despite skepticism from short seller Culper Research regarding IREN's ability to support high-performance computers for generative AI, industry experts like Mathew Sigel from VanEck have defended IREN's capabilities. While IREN's AI pivot faces uncertainties, other mining firms like Core Scientific and Hut 8 are also venturing into AI to diversify earnings post the April halving event. Additionally, the US is witnessing a diverse range of Bitcoin owners driven by knowledge and trust rather than political affiliation. CryptoSlate's market report provides insights into Bitcoin mining operations and economic conditions, emphasizing the risks associated with cryptocurrency trading. Read more AI-generated news on: https://app.chaingpt.org/news

The United States House of Representatives recently passed a bill to create a task force dedicated to investigating the unlawful utilization of digital currencies. The Financial Technology Protection Act, introduced by Representatives Zach Nunn and Jim Himes, received approval from a majority of House members. The bill aims to prevent rogue nations from using crypto to bypass sanctions by fostering collaboration among various federal agencies. This bipartisan effort seeks to enhance national security, combat money laundering, and safeguard consumer interests. The task force, as outlined in the bill, will comprise industry experts and representatives from key government bodies. This legislation is part of a series of crypto-related bills advancing through Congress, signaling a growing focus on regulating the digital asset space. The bill's progression to the Senate for approval indicates a significant step towards strengthening cryptocurrency oversight in the US. Read more AI-generated news on: https://app.chaingpt.org/news

As artificial intelligence becomes more ingrained in society, the focus on developing faster systems often overlooks the critical need for AI safety. The AI market's rapid growth raises concerns about ethics and safety. Transparency is essential to build public trust and ensure responsible AI development. Biases in AI systems can lead to discrimination and unfair outcomes, emphasizing the importance of ethical AI practices. The unchecked development of AI tools risks concentrating power in a few hands, undermining democratic principles. Rogue AI systems pose existential threats without proper safety measures. Decentralized reviews, similar to security practices in the crypto world, offer a solution by leveraging global expertise. Hats Finance introduces a decentralized AI safety program to democratize AI safety reviews, ensuring resilient and secure systems. By involving a diverse community in the evaluation process, AI models undergo thorough assessments, leading to comprehensive safety reports for developers to enhance their models. Read more AI-generated news on: https://app.chaingpt.org/news

Algorithmic cryptocurrency trading firm Wintermute is currently in discussions with investors to secure additional funding, potentially ranging from $100 million to $300 million. Among the interested parties is Chinese social media giant Tencent, as reported by Bloomberg and The Information on July 19. This investment could result in Wintermute being valued at approximately $2 billion. Wintermute, based in the United Kingdom, specializes in providing liquidity to more than 50 crypto exchanges and trading platforms, facilitating around $5 trillion in total trading volume. The firm has also made strategic investments in various crypto projects, including Analog, Backpack, Taiko, Agora, and M^0. Tencent, known for its WeChat app and gaming ventures, has been expanding into AI and blockchain technology. Both Wintermute and Tencent have been actively involved in the crypto space, with Tencent previously investing in Immutable and Everledger. Read more AI-generated news on: https://app.chaingpt.org/news

The team behind the crypto exchange dYdX announced on July 23 that their version 3.0 website has been compromised. Users are advised not to visit the v3 website or click any links. However, the team assured that version 4.0 on Cosmos remains secure. While the user interface for v3 is affected, the smart contracts are intact, ensuring deposited funds are safe. Cointelegraph's attempt to access the compromised site with a test account revealed an error message similar to a previous phishing scam. The incident highlights the growing threat of DNS hijacking in Web3 protocols. Recent attacks on Compound Finance and Celer Network serve as cautionary tales. As investigations continue, more details on the breach are awaited. In the world of crypto, security breaches like this underscore the importance of safeguarding digital assets. Read more AI-generated news on: https://app.chaingpt.org/news

Bitcoin's price plummeted by $1,400 in just two hours on July 24, resulting in a 2.1% loss within 24 hours. The ongoing repayments by Mt. Gox to its creditors are believed to have contributed significantly to this decline. The repayment process involves over 140,000 BTC, valued at around $8.5 billion. Creditors of the defunct exchange have started receiving Bitcoin and Bitcoin Cash repayments on Kraken, following Mt. Gox's movement of a substantial amount of Bitcoin to unknown addresses. Additionally, the US government transferred BTC to Coinbase Prime, sparking speculation. The launch of Asia's first Bitcoin futures inverse product in Hong Kong could further impact Bitcoin's price. The market also saw significant liquidations of long positions in the crypto futures market, indicating a cautious outlook among traders. It is essential for readers to conduct thorough research before making any investment decisions. Read more AI-generated news on: https://app.chaingpt.org/news

Whinstone US, a crypto miner, has taken legal action against its private equity partners in a joint mining venture due to issues at the largest mining facility in the US. The lawsuit alleges fraud, conspiracy, and securities violations, claiming that the partners diluted Whinstone US' revenue from mining Bitcoin. The joint venture, named Rhodium, was established in 2020 but faced complications leading to Whinstone US withdrawing from the agreement. The company accuses its partners of restructuring to benefit other ventures, causing financial harm. The lawsuit seeks unspecified damages. This legal battle follows previous disputes, including a lawsuit by Riot Platforms against Rhodium for unpaid fees. The crypto mining industry is witnessing conflicts and legal actions, highlighting the complexities and challenges within the sector. Read more AI-generated news on: https://app.chaingpt.org/news

Aphone and Aethir have collaborated to introduce a new scaling solution that will boost APhone's user capacity by ten times and enhance scalability for the DePIN industry. This solution will enable APhone to support over 800,000 daily users while reducing monthly costs to under $0.60, a significant decrease from the previous $6. The cost reduction is attributed to Aethir's distributed GPU cloud computing network. The partnership will also see the integration of Aethir Edge, an AI device that will improve the speed and efficiency of Web3 applications on APhone. With DePIN projected to grow to $3.5 trillion by 2028, APhone aims to save millions quarterly and enhance performance through this innovative solution. Industry experts like Carlos Lei Santos foresee a trillion-dollar company emerging from the DePIN sector, highlighting the promising future of decentralized infrastructure. Read more AI-generated news on: https://app.chaingpt.org/news

A 24-year-old U.S. citizen in Turkey breached AT&T's network, exposing vulnerabilities in data security. The hack, involving over 100 million customers, highlighted the ease of connecting metadata to personal information. AT&T's delayed disclosure of the breach raised concerns, emphasizing the need for cyber resilience. Experts advocate for a shift towards data sovereignty, empowering individuals to control and monetize their digital footprint. This approach could disrupt the dominance of data giants and enhance privacy protection. Data sovereignty also offers a decentralized solution to cyber threats, utilizing blockchain encryption. By studying Indigenous practices of data governance, policymakers can explore new regulatory frameworks. Initiatives like the DASHBOARD Act and state privacy laws signal progress towards user-centric data policies. Entrepreneurs are urged to develop blockchain-based data sovereignty platforms, promoting individual empowerment over corporate control. Embracing decentralization and self-determination is crucial for enhancing data security in the digital age. Read more AI-generated news on: https://app.chaingpt.org/news

Decentralized exchange dYdX is reportedly in talks to sell some of its derivatives trading software, as per a recent update. Potential buyers of dYdX's v3 protocol include Wintermute Trading and Selini Capital. The company clarified that any changes related to the v3 technology would require approval from DYDX token holders. Following reports of the potential sale, dYdX v3 faced a compromise, prompting a warning to users. The v3 protocol focuses on perpetual contracts, with a trading volume of $1.22 trillion since January. Recent leadership changes saw founder Antonio Juliano stepping down, with Ivo Crnkovic-Rubsamen taking over. The protocol's v5 launch in June introduced new features like isolated margin and markets. Investors in dYdX include Andreessen Horowitz and Paradigm. The crypto community continues to face challenges, with a warning that 1 in 6 new memecoins are scams and 91% have vulnerabilities. Read more AI-generated news on: https://app.chaingpt.org/news

Senator Cynthia Lummis recently published a report opposing the proposed 30% excise tax on energy consumed by Bitcoin miners by the Biden administration. The report, titled 'Powering Down Progress: Why A Bitcoin Mining Tax Hurts America,' sheds light on the crucial role of Bitcoin mining infrastructure in the US energy grid. Lummis highlighted the cleaner nature of Bitcoin mining, with up to 52.6% being emissions-free. She emphasized how mining facilities can help stabilize and redistribute energy to grids during peak demand, citing examples like Texas. The report also discussed how taxing miners could discourage sustainable energy practices. Lummis warned that imposing higher taxes might drive the industry out of the US, similar to what happened in China. The report underscores the importance of supporting and incentivizing sustainable energy practices within the Bitcoin mining sector. Read more AI-generated news on: https://app.chaingpt.org/news

FLOKI, the cryptocurrency ecosystem, has revealed that Valhalla, a MMORPG spin on Creature-Collection adventures, will be the Associate Sponsor for India's Tour of Sri Lanka. This collaboration will provide Valhalla with significant exposure through various ground assets during the series. FLOKI, known as the people's cryptocurrency, aims to be a widely used digital currency, emphasizing utility, community, and philanthropy. The upcoming cricket series between India and Sri Lanka, following India's T20 World Cup win, is expected to draw a massive viewership of 180 to 220 million. The partnership signifies FLOKI's dedication to integrating gaming, cryptocurrency, and sports. Both teams will play under new coaches, Gautam Gambhir for India and Sanath Jayasuriya for Sri Lanka. Valhalla offers players a vibrant MMORPG experience inspired by Norse mythology, while FLOKI continues to expand its global presence with over 490,000 holders. Read more AI-generated news on: https://app.chaingpt.org/news

Zircuit, a ZK rollup with AI-enabled sequencer-level security, recently secured a Mainnet funding round with backing from Binance Labs, Mirana Ventures, and other key investors. This funding will fuel ecosystem growth and activity on the network, which boasts over $2.9 billion in staked assets. Zircuit's innovative L2 network offers enhanced security through sequencer-level protection and AI defenses against smart contract exploits. The platform aims to become a central hub for restaked assets, providing users with top-notch security and high yields. With the upcoming launch of Mainnet Phase 1, Zircuit is poised to revolutionize Web3 security and scalability. By integrating cutting-edge security measures, Zircuit is set to lead the industry in providing a secure and efficient L2 solution. The team's expertise and strategic growth plan have garnered support from industry leaders, positioning Zircuit as a key player in the evolving crypto landscape. Read more AI-generated news on: https://app.chaingpt.org/news

Athena Ins emerges as a groundbreaking innovation amidst increasing threats to the DeFi sector. This decentralized insurance protocol introduces a unique method of safeguarding crypto investments through leveraged collateral. By operating on popular blockchains like Arbitrum, Athena Ins provides protection against hacking, smart contract vulnerabilities, and stablecoin depegging. The platform's decentralized nature eliminates the need for intermediaries, streamlining claims processing via smart contracts. Leveraging guarantees, liquidity providers can maximize returns while enhancing risk absorption capabilities. Through this mechanism, providers can support multiple insurance requests simultaneously without the risk of liquidation. Despite utilizing leverage, Athena Ins prioritizes security with robust risk management protocols. With its innovative approach and incentive-driven model, Athena Ins is at the forefront of securing assets within the DeFi landscape. Read more AI-generated news on: https://app.chaingpt.org/news