Aurelia Butler

The annual event is a culmination of Sui’s exceptional debutOver 1,000 projects, partners, investors, and enthusiasts from 65 countries around the world gathered last week in Paris to celebrate Sui at the vaunted Layer 1’s inaugural global Sui Basecamp conference.At its first-ever annual event held during Paris Blockchain Week, Sui was feted by developers and builders from around the world during a two-day event. Speakers at Sui Basecamp spanned all aspects of the industry from payments to gaming to e-commerce to major league sports, offering commentary in keynotes, panels, and fireside chats. The event was punctuated by three major announcements. In partnership with Playtron, the Sui team announced the SuiPlay0x1, the world’s first lightweight handheld gaming device designed with native Web3 capabilities, and promising new gaming experiences. Additionally, First Digital Labs, joined an announcement that FDUSD, the fastest-growing stablecoin in crypto, will be the first native dollar-backed stablecoin on Sui, a boon to Sui’s DeFi ecosystem, which is already the fastest-growing in the industry. Finally, Sui announced Enoki, a suite of Web3 utilities that will make it very simple for enterprises to leverage decentralized solutions inside their applications, products and services. Sui Basecamp attendees from 65 countries had the opportunity to meet each other face-to-face.Sui is a industry leader with lightning-fast transactions, with time to finality clocked at just 400 milliseconds. Likewise, Sui’s scalability is also at the pinnacle, reaching 297,000 TPS in a controlled environment. But the Sui team is also constantly improving its technology. At the conference, members of the Sui team unveiled the next advancement in speed and scalability in the form of Mysticeti, which significantly accelerates Sui’s time to finality, and Pilotfish, which enables nearly unlimited horizontal scaling by validators.And beyond performing in test environments, at just four months old, Sui broke the record for transactions executed in a single day, achieving a higher figure than any existing blockchain while fees remained low and stable. Notably, in nearly a year of its mainnet, Sui has not experienced a single minute of downtime.Gradually, after a series of community events around the world, media stories highlighting Sui’s remarkable early milestones, sustained ecosystem growth and multiple stories of builders eschewing other blockchains to leverage the Sui network, builders, developers, investors and the broader community have begun to understand the potential for Sui’s groundbreaking blockchain technology. The crowds that gathered for Sui Basecamp 2024 represented the culmination of Sui’s arrival.ContactSui [email protected] article was originally published on Chainwire More

ceτi AI, a leader in decentralized artificial intelligence infrastructure, is pleased to announce its acquisition of Canadian company Big Energy Investments Inc., a firm specializing in strategic investment in high-performance computing infrastructure. This acquisition marks a significant first step in ceτi AI’s strategy to advance the development and accessibility of AI technologies.Strategic Acquisition and Enhanced CapabilitiesFollowing the acquisition, Big Energy Investments, Ltd. has reached agreements in principle to acquire advanced high-performance computing (HPC) infrastructure, including five HPC servers, each equipped with 8 NVIDIA (NASDAQ:NVDA) H100 Tensor Core GPUs, and two NVIDIA Quantum-2 InfiniBand switches, set to be delivered in May 2024. These agreements are anticipated to be executed within the next week, underscoring the commitment to enhancing the technological capabilities promptly.This strategic enhancement is pivotal for the initial North American deployment of the ceτi AI Infrastructure Network, which will utilize the ceτi AI Intelligent Compute Fabric to manage and provide compute resources to decentralized AI networks, decentralized physical infrastructure networks (DePIN), and various other applications.Strategic Deployment and Pilot ImplementationThe new HPC infrastructure will underpin the first North American deployment of the ceτi AI Intelligent Compute Fabric, which manages the ceτi AI Infrastructure Network. This network is designed to provide essential compute resources to a variety of decentralized client networks and is a critical component of ceτi AI’s broader mission to democratize AI technology through decentralization. The pilot implementation will not only demonstrate the capabilities of the ceτi AI solution but also initiate revenue generation and accumulation for the CETI token ecosystem.Roadmap and Future PlansThe successful integration and demonstration of this infrastructure will set the stage for immediate expansion to data-center scale implementations, significantly scaling up ceτi AI’s operational capabilities. Work continues to progress on the CETI token ecosystem, with its introduction being the next major milestone on the ceτi AI roadmap.Executive InsightThis press release contains forward-looking statements relating to expected future events and anticipated results that are subject to significant risks and uncertainties. These include, but are not limited to, the final procurement and integration of HPC infrastructure, the deployment and performance of the ceτi AI Intelligent Compute Fabric, and the broader adoption and impact of the CETI token ecosystem. Actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to a variety of factors.About ceτi AIceτi AI is at the forefront of revolutionizing artificial intelligence through decentralization. Committed to innovation and accessibility, ceτi AI develops globally distributed, high-performance, scalable AI infrastructure designed to empower developers and networks worldwide. By democratizing access to state-of-the-art resources, ceτi AI aims to accelerate the advancement of AI technologies, making them more diverse and universally accessible. Our mission extends beyond infrastructure development; we are building a foundation for the future of AI, ensuring it grows in a manner that benefits all of humanity without sacrificing freedom of choice or expression.Users are welcome to dive deeper into our mission, technology, and the future we’re building along with the latest updates and community discussions by visiting:litepaper I Website I X I Telegram I DiscordContactceτi [email protected] article was originally published on Chainwire More

The transaction, totaling 16,276 BTC, was revealed by Whale Alert, a platform specializing in tracking significant cryptocurrency movements. Despite originating from wallets initially classified as unknown, further investigation by Arkham data suggests a connection to Binance, with one wallet identified as belonging to the exchange’s SAFU Foundation. Established in 2018, the SAFU Foundation serves as an emergency fund designed to protect users’ assets.Interestingly, Binance opted to convert the entirety of the received Bitcoin into USDC, a stablecoin pegged to the U.S. dollar. This decision, per the announcement, aims to enhance the stability and transparency of the SAFU fund, ensuring its value remains at $1 billion. The conversion to USDC was carried out on the eve of the anticipated Bitcoin halving, an event characterized by a reduction in mining rewards that historically triggers market volatility.This move by Binance aims to highlight the exchange’s commitment to risk management and user asset protection. By converting the Bitcoin holdings into stablecoins, the yellow-and-black crypto behemoth seeks to mitigate potential market fluctuations associated with the halving event, thereby safeguarding the value of the SAFU fund.With the main event on the horizon, the timing of this transaction has drawn the attention of the cryptocurrency community, prompting speculation regarding its implications for market dynamics in the lead-up to the halving.This article was originally published on U.Today More

The prediction made by Plan B was related to the approaching Bitcoin halving event.He believes that this time the fundamental Bitcoin mining-related event will not be different from previous ones. According to the tweet published by the analyst, the halving will again be central driver for the Bitcoin price increase that is expected to follow.Plan B expects the world’s pioneer cryptocurrency to surpass the $100,000 level this year and go well beyond the $300,000 price mark in 2025. Besides, according to the tweet, Plan B expects Bitcoin purchasing to be done right before the halving and the selling performed “18 minutes” after it outperforms the average “buy and hold” strategy.When asked in the comments whether his Bitcoin stock-to-flow model continues to play out as expected, the analyst shared that “S2F playing out like clockwork.”Analyst Plan B agreed with him on that, adding that BTC will win against gold since Bitcoin is going to have “2x scarcity/S2F.” He also reminded Back that his $300,000 prediction for Bitcoin for 2025 is merely “the low end of the $250k-$1m range.”However, these transactions seem to have originated on Binance – the major exchange has announced an initiative transferring all of its customers’ SAFU crypto into USDC stablecoins to boost the funds’ security in this way.This article was originally published on U.Today More

The Tanssi Foundation, a key contributor to the development of Tanssi’s community and ecosystem, has unveiled “Let’s Forkin’ Dance,” the Tanssi Incentivized TestNet campaign. This initiative is designed to incentivize participants and propel community growth and network activity in preparation for the upcoming Tanssi Network launch later this year.Backed by leading investors like Arrington Capital, HashKey Capital, Fenbushi, Borderless, The Wormhole Cross-Chain Fund, KR1, YBB, SNZ Capital, and Scytale Digital, alongside angel investors such as Gavin Wood, Tanssi is at the forefront of reinventing the deployment of application-specific blockchains (appchains). These appchains play a crucial role in creating decentralized, user-centric applications. Traditionally, deploying appchains has been cumbersome and time-consuming, often forcing developers to settle for less secure and centralized alternatives. Tanssi’s protocol aims to simplify this process to just a few clicks, significantly reducing deployment times from months to minutes.In just six months since its launch, Dancebox, Tanssi’s TestNet, has supported over 700 appchain deployments in fields such as DeFi, NFTs, real-world assets, and gaming, showing rapid market adoption. This major step toward the official launch of the Tanssi Network showcases the vibrant activity anticipated once the network is live, inviting everyone to actively participate in the ecosystem.Campaign Highlights:Users can learn more here.ContactCMOKatherine Quilca BarcelliMoondance [email protected] article was originally published on Chainwire More

Edge into The Multi-Trillion Computing MarketWhile the edge computing sector rapidly evolving into a multi-trillion-dollar industry, edge capacity has been siloed in centralized data centers for too long. Aethir Edge shatters these barriers with groundbreaking architecture interconnecting high-performance edge AI devices into a distributed cloud network. By pooling localized resources, Aethir Edge brings elite computing power home and makes it accessible to all.Computing power holds immense potential as the energy of the digital realm. Aethir Edge taps into this power and takes it to the next level, with support from Aethir and Qualcomm. Aethir Edge’s vision is to fundamentally transform how users access, contribute to, and own a future where edge AI technology’s full potential is collectively unleashed beyond the constraints of centralized networks. Aethir Edge represents the beginning of this user-powered decentralized evolution.The First and Only Authorized Mining Device by Aethir As the sole whitelisted mining product from Aethir, Aethir Edge enables users worldwide to tap into exclusive rewards – and earn income by sharing spare bandwidth, IP addresses, and computing power. With its authorized status, Aethir Edge reserves up to 23% of the total native token $ATH supply for mining potential.Powered by the Qualcomm® SnapdragonTM 865 chip, Aethir Edge achieves elite performance for data-intensive workloads. The 12GB LPDDR5 memory and 256GB UFS 3.1 storage ensure ample resources for smooth parallel processing. The decentralized architecture guarantees reliability and uptime by distributing capacity across peer nodes – overcoming centralized network vulnerabilities.The Backbone for Innovations In The Decentralized Cloud EcosystemAs a core component in Aethir’s decentralized cloud, Aethir Edge powers transformative new products like APhone, the first decentralized cloud smartphone. Its localized edge capacity enables implementations and operations across Gaming, AI, VR/AR, real-time streaming, and many more applications.Aethir Edge spearheads decentralized infrastructure owned and governed by users, not centralized entities. It makes high-powered computing accessible as a sleek, easy-to-use product integrated with earning potential. With its superior enterprise-grade hardware and distributed cloud infrastructure, Aethir Edge leads the shift away from centralized data monopolies and into the equitable edge landscape of the future.Aethir Edge is now actively building partnerships with distributors worldwide, including crypto mining companies, hardware vendors, and distributors. Interested parties can fill out Aethir Edge’s distributor application form so the team can explore win-win opportunities to distribute the product together, and shape the community-powered landscape of tomorrow.Users can visit www.myedge.io and be one of the first to unlock decentralized edge computing power.About Aethir EdgeAethir Edge is an enterprise-grade edge computing device integrated with Aethir’s distributed GPU cloud infrastructure to spearhead a new era of edge computing. As the first and only authorized mining device from Aethir, we combine powerful computing, exclusive earning, and decentralized access in one device – unlocking the true potential of DePIN.Website | Documentation | Twitter About AethirAethir is a cloud computing infrastructure platform that revolutionizes the ownership, distribution, and utilization paradigms of enterprise-grade graphical processing units (GPUs). By moving away from traditional centralized models, Aethir has deployed a scalable and competitive framework for sharing distributed computational resources, catering to enterprise applications and clientele across various industries and regions.Aethir is revolutionizing DePIN with its advanced, distributed enterprise-grade GPU-based compute infrastructure tailored for AI and gaming. Backed by leading Web3 investors like Framework Ventures, Merit Circle, Hashkey, Animoca Brands, Sanctor Capital, Infinity Ventures Crypto (IVC), and others, with over $130 M in funds raised for the ecosystem, Aethir is paving the way for the future of decentralized computing.Website | Documentation | Twitter | Discord | Telegram | LinkedInContactMarketing [email protected] article was originally published on Chainwire More

Aptos Ascend, powered by Microsoft (NASDAQ:MSFT) Azure OpenAI and implemented in consultation with Boston Consulting Group, to enable regulatory-compliant digital asset management at scale for financial institutions with global reach. Aptos Labs today announced a collaboration with Microsoft, Brevan Howard, and SK Telecom (SKT) to deliver to the global financial market Aptos Ascend, a suite of end-to-end institutional solutions including a permissioned network and Digital Asset Controls powered by SKT’s Wallet-as-a-Service product and the scalable, secure Aptos blockchain. Aptos Ascend will also tap Brevan Howard’s industry leadership and expertise to develop a seamless path for any major bank or financial institution to begin offering digital currency and asset management to their clients responsibly and at scale. Boston Consulting Group (BCG) will be Aptos’ Labs preferred consulting partner, leveraging its global expertise in decentralized finance, digital assets, and AI to work with companies to implement the solutions. As one of the world’s leading management consulting firms, BCG has a strong track record in delivering and implementing large-scale digital transformations for major financial institutions.For media inquiries, email: [email protected]. ContactCommsBrian PrincipatoAptos [email protected] article was originally published on Chainwire More