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Intuit lays off 10% of staff to focus on AI

[Jul 10 2:27 PM] About 1,800 people were laid off, but the company plans on hiring about the same number of replacements.

The Protocol: Side-Dealing Accusations Put Crypto VC Funding in Spotlight

[Jul 10 11:40 AM] In this week's blockchain tech newsletter, we're highlighting the firm Polychain's accusation against a former general partner over an alleged ethics breach, along with Ethereum co-founder Vitalik Buterin's speech in Brussels and Bitcoin's Saxony…

Starknet, Layer-2 Chain on Ethereum, to Open Staking By End of Year

[Jul 10 6:42 AM]

Vitalik Buterin Reflects On Strengths, Weaknesses of Ethereum, 'Hardening' the Blockchain

[Jul 10 6:31 AM] The co-founder and intellectual leader of the largest smart-contracts blockchain ecosystem addressed a packed room at the EthCC conference in Brussels.

Top Crypto VC Says Ex-General Partner Made Undisclosed Side Deal With Portfolio Company

[Jul 9 10:34 AM] Polychain says Niraj Pant broke the fund's policies by secretly accepting "adviser" tokens from Eclipse.

TON Blockchain Will Release New Layer-2 Based On Polygon’s Technology

[Jul 9 9:00 AM] The new protocol, called the TON Applications Chain (TAC), will make use of Polygon’s Chain Development Kit (CDK), as well as their AggLayer.

Sam Altman’s Layer-2 Blockchain Project, World Chain, Opens to Developers

[Jul 9 7:00 AM] This means that select developers can apply to build, test, and give feedback to Tools For Humanity, the developer firm behind Worldcoin, according to a press release shared with CoinDesk.

Blockchain Startup Rome Raises $9M to Serve Ethereum Layer-2s Through Solana

[Jul 9 5:00 AM] Shared sequencers and data availability (DA) are services that Rome could provide, as blockchain builders increasingly rely on "modular" networks to handle Ethereum's myriad components and functions.

MetaMask Developer Consensys Releases New Toolkit for 'Seamless Onboarding'

[Jul 9 1:00 AM] The Delegation Toolkit will allow for instant user onboarding without needing to interact with a traditional wallet, in addition to eliminating “user friction completely,” meaning no pop-ups or confirmations when switching between a decentralized…

Memecoins and AI are pushing Gamefi out of the spotlight

[Jul 8 7:53 AM] Industry figures disagree on whether GameFi is having a good year as other aspects of Web3 hog the spotlight.

China to ramp up brain chip program after teaching monkey to control robot

[Jul 7 2:33 PM] The country’s current progress appears to be on par with Elon Musk’s Neuralink.

Judge dismisses coders’ DMCA claims against Microsoft, OpenAI and GitHub

[Jul 7 10:53 AM] The partial dismissal indicates complainants failed to demonstrate that GitHub reproduces human-created code.

Big Tech faces financial reckoning if human-level AI doesn’t happen soon

[Jul 5 2:14 PM] Sequoia Capital says the industry needs to make about $600 billion in profit before the current expenditures start to make sense.

ChatGPT users on macOS shocked to learn chats were stored unencrypted

[Jul 5 10:08 AM] The problem has since been resolved, but it begs the question of how such an oversight happened in the first place.

Protocol Village: Valora Introduces 'Mobile Stack' to Simplify Web3 Apps on iOS, Android

[Jul 5 9:57 AM] The latest in blockchain tech upgrades, funding announcements and deals. For the period of July 5-10.

Microsoft, Google, Nvidia and more filed SEC warnings that AI could ruin business

[Jul 4 12:23 PM] The reasons ranged from cannibalizing their own businesses to releasing potentially inferior products.

Softbank lost 99% when the dotcom bubble burst, now it’s all-in on AI

[Jul 3 2:42 PM] Softbank Group stocks reached an all-time-high on a market capitalization of $97.2 billion.

The Protocol: 'Private Jet Brandization' Is One Way Polkadot Burnt Cash

[Jul 3 12:15 PM] Crypto twitterati showed no mercy as Polkadot published a transparency report detailing spending on $87 million of DOT tokens – a lot of it on marketing. PLUS blockchain tech news and project highlights from the past week.

Big Tech produced more carbon since 2019 than all Bitcoin mining ever

[Jul 3 10:24 AM] U.S. tech firms made huge commitments to “net zero” carbon emissions — but that was before ChatGPT hit the scene.

Obol Labs Forms Industry Group to Push for Decentralized Validator Technology

[Jul 3 7:00 AM] As blockchain projects push to further decentralize, the developer Obol Labs has formed a group of companies working in the Ethereum ecosystem to concentrate on the growing field of "distributed validator technology," or DVT.

Bittensor’s TAO Slides 15% After $8M Wallet Drain Attack

[Jul 2 11:56 PM] The blockchain was paused early Wednesday to contain the exploit, with security researchers suspecting a private key leakage.

Crypto Exchange Kraken Is Considering Going Nuclear

[Jul 2 9:27 AM] Massive demand for energy from high performance computing and artificial intelligence firms is changing the landscape in terms of power stability, the company’s CTO said in an exclusive interview with CoinDesk.

Bitcoin Could Get Ethereum-Style Restaking as Startup Lombard Raises $16M

[Jul 2 8:00 AM] Lombard is partnering with staking startup Babylon to let users earn interest for "restaking" with Bitcoin – using the asset to secure other crypto networks.

Pi Squared, Building 'Universal ZK Circuit', Raises $12.5M

[Jul 2 8:00 AM] The startup, led by a University of Illinois Urbana-Champaign computer science professor, uses zero-knowledge technology to enable “trustless remote computing" along with other blockchain use cases including AI.

RedStone, Blockchain Oracle Project Pushing Into Restaking, Raises $15M

[Jul 2 8:00 AM] The fresh round of capital will go towards hiring new team members, according to a press release.

South Korea’s 2nd largest chipmaker to invest $75B in AI through 2028

[Jun 30 2:30 PM] The investment comes after a March commitment to spend $90 billion on a chip fabrication facility near Seoul.

Zambia Working on Establishing an AI Framework, Says Minister

[Jun 30 1:39 AM] Zambia has reportedly initiated a process to establish an artificial intelligence framework and is collaborating with the Tony Blair Institute to formulate an artificial intelligence strategy. Sarah Luyele Njamu said Zambia can leverage AI for…

OpenAI inks deal with Time while facing added lawsuit from news nonprofit

[Jun 27 2:33 PM] The nonprofit suing OpenAI produces the Mother Jones and Reveal news websites.

Protocol Village: Crypto Losses From Hacks, Rug Pulls Doubled to $572M in Q2: Immunefi Report

[Jun 27 11:23 AM] The latest in blockchain tech upgrades, funding announcements and deals. For the period of June 27-July 3.

MegaLabs, Behind the 'Real-Time' Blockchain, Raises $20M, Led By Dragonfly

[Jun 27 10:00 AM] The fresh round of capital will go towards building out the MegaETH protocol, with the aim of having a testnet go live in the next few months.