Author: Kryptonews

VanEck plans to launch a private digital assets fund in June targeting tokenized Web3 projects built on the Avalanche blockchain network, the asset manager said in a statement shared with Cointelegraph.The VanEck PurposeBuilt Fund, available only to accredited investors, aims to invest in liquid tokens and venture-backed projects across Web3 sectors, including gaming, financial services, payments, and artificial intelligence. Idle capital will be deployed into Avalanche (AVAX) real-world asset (RWA) products, including tokenized money market funds, VanEck said.The fund will be managed by the team behind VanEck’s Digital Assets Alpha Fund (DAAF), which oversees more than $100 million in net assets…

In brief AI still struggles to understand negation, posing risks in critical domains like healthcare. An MIT study found that vision-language AI, in particular, can’t reliably grasp negative statements. Experts warn that AI’s failure to process “no” and “not” could lead to real-world mistakes. AI can diagnose disease, write poetry, and even drive cars—yet it still struggles with a simple word: “no.” That blind spot could have serious consequences in real-world applications, like AI built around healthcare.According to a new study led by MIT PhD student Kumail Alhamoud, in collaboration with OpenAI and the University of Oxford, failure to understand…

Looking to dip your toes into the world of cryptocurrency without emptying your wallet? You’re in luck! Earning Bitcoin in your spare time is more accessible than ever. Forget complex trading strategies – many beginner-friendly options allow you to accumulate small amounts of Bitcoin passively or through simple tasks. Let’s explore some easy ways to get started. Microtasking for Bitcoin One of the simplest ways to earn a small amount of Bitcoin is by completing microtasks. These are small, often repetitive tasks that you can do online for a small reward, paid out in Bitcoin. Think of it as getting…

Prosecutors have charged Jeremy Jordan-Jones, the self-styled founder of a now-defunct crypto startup called Amalgam, with fraud, alleging that he swindled investors in his “sham blockchain” of more than $1 million, using the money to fund a lavish lifestyle.According to prosecutors, Jordan-Jones painted Amalgam as a tech company that created blockchain-based point-of-sale payment systems, which he claimed had multi-million-dollar partnerships with sports teams including the Golden State Warriors and a professional soccer team in England’s Premier League, as well as a big restaurant conglomerate with more than 500 restaurants. None of these partnerships existed, prosecutors said. Jordan-Jones also allegedly solicited…

The convergence of artificial intelligence (AI) and blockchain technology is revolutionizing the way we approach data management, security, and digital transactions. This integration, often discussed within the context of Web3, is enabling decentralized systems that are more efficient, scalable, and intelligent than ever before. The Synergy of AI and Blockchain Blockchain technology, known for its decentralized and immutable nature, provides a secure foundation for transactions and data storage. However, it faces challenges such as scalability limitations and inefficiencies in certain computational processes. AI, with its capabilities in complex problem-solving and pattern recognition, complements blockchain by optimizing its operations and enhancing…

Here’s an article on a general information topic, adhering to your specific requirements: General information articles serve a valuable purpose in today’s information-saturated world. They aim to provide readers with a clear, concise, and accessible overview of a specific topic. The goal is not typically to persuade or entertain, but rather to educate and inform. These articles are a cornerstone of online learning and research. What Defines a General Information Article? At its core, a general information article prioritizes objectivity and clarity. It avoids bias and provides a balanced perspective, presenting information from multiple sources wherever possible. The language used…

OpenAI announced on May 21 that it will acquire Jony Ive’s artificial intelligence hardware startup io in an all-equity transaction valued at approximately $6.4 billion, according to a report by CNBC.The acquisition, OpenAI’s largest to date, marks a decisive step into hardware for the company best known for its generative AI models. The deal incorporates io directly into OpenAI.Meanwhile, Ive, a former Apple design chief, will retain independence for his design firm, LoveFrom.Ive is credited with designing the iPhone, iPad, and other key Apple products. He will assume design and creative responsibilities across OpenAI and io. Integration into AI and product…

Blockchain-focused privacy protocol COTI will collaborate with the ECB to implement its privacy technology for the upcoming digital euro. COTI, a privacy-centric layer-2 solution on Ethereum, has been selected as one of the pioneer partners in the European Central Bank’s project to develop the digital euro. In a Monday blog announcement, COTI said its involvement comes after its success in the Bank of Israel’s digital shekel project, highlighting its growing role in central bank digital currency solutions. As part of the ECB’s project, COTI will contribute its privacy-focused technology to support “conditional payments,” a system that ensures asset provenance is…

Bitcoin, the pioneering cryptocurrency, continues its journey through the financial landscape, captivating investors and reshaping the digital economy. As we navigate 2024, understanding the tax implications around Bitcoin and other cryptocurrencies is more vital than ever. Ignoring these regulations can lead to costly penalties. This guide breaks down the essential things you need to know to stay compliant with tax laws when dealing with Bitcoin. Bitcoin as Property: Understanding the IRS Stance The Internal Revenue Service (IRS) classifies Bitcoin and other cryptocurrencies as property, not currency. This classification is crucial because it dictates how your Bitcoin transactions are taxed. When…

Tech & Innovation Focus The Rise of AI and Machine Learning Artificial intelligence (AI) and machine learning (ML) have transformed industries worldwide, from healthcare and finance to manufacturing and education. AI algorithms now power predictive analytics, automate repetitive tasks, and deliver personalized user experiences. Companies like Google, Microsoft, and IBM are investing heavily in AI, driving innovation in speech recognition, natural language processing, and deep learning. Startups are also emerging with specialized AI solutions for niche markets, such as medical diagnostics, cybersecurity, and climate modeling. As AI adoption grows, ethical considerations—including bias mitigation and data privacy—remain critical. The Metaverse and…