AI tools at YC empower non-tech users to manage complex data, bridging the gap in modern practices. The post Pete Koomen: AI as a foundational layer enhances organizational intelligence, empowering finance teams with internal tools, and LLMs democratizing data access for non-technical users | Y Combinator Startup Podcast appeared first on Crypto Briefing.
Centralizing software procurement could streamline defense operations, reduce costs, and set a precedent for future government IT contracts. The post Dell secures $9.7B Pentagon contract for Microsoft software appeared first on Crypto Briefing.
Crypto exchange Kraken has launched a non-custodial Bitcoin product, giving a 2.5% yearly yield, adding to the company’s yield product offerings amid a rising investor demand for crypto reward products.Kraken unveiled the product on Wednesday with the support of crypto yield infrastructure provider Veda, which said the offering seeks to remove “the headaches that come with wrapping Bitcoin, moving assets, or managing a crypto wallet.”Kraken’s offering comes as Bitcoin (BTC) holders’ demand for yield products has risen, but have seen limited development as the Bitcoin blockchain does not have mechanisms for users to generate yield compared to blockchains such as Ethereum and Solana.“Many Bitcoin holders on Kraken have made it clear they want simple ways to earn on the Bitcoin they already plan to hold,” Kraken Earn product director John Zettler said in a statement. Source: KrakenAbout 10 hours after the launch, Veda said the Bitcoin yield product had passed $30 million worth of Bitcoin deposits from 4,000 unique wallets. Kraken’s three stablecoin yield products that it launched in January have exceeded around $245 million in customer deposits and generated over $2.2 million in yield since launching on Jan. 26.Related: Coinbase, Apex Group tokenize Bitcoin Yield Fund on Base Kraken’s product generates yield from Bitcoin by swapping it to Kraken Wrapped Bitcoin (kBTC), a token replicating Bitcoin’s price, which crypto platform Sentora then allocates across crypto lending platforms such as Aave, Morpho and Tydro. The product is non-custodial, meaning only depositors can withdraw or transfer their funds. Withdrawals are estimated to take five days to process, and the service providers take a 25% performance fee on rewards.Magazine: Big Questions: Do we really only need 2–5 cryptocurrencies? Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
On Wednesday evening, the US Commodity Futures Trading Commission (CFTC) announced it had joined Gemini (GEMI) in requesting that the court grant relief from the judgment in the regulator’s case against the exchange, filed back in 2022. The CFTC said it carried out a thorough reexamination of the matter, looking back at the investigation’s history, […]
TSMC’s profit-sharing boost may attract top talent but could strain resources if growth slows, impacting dividends and long-term investments. The post TSMC CEO C.C. Wei announces over 30% profit-sharing increase for staff appeared first on Crypto Briefing.
This case highlights the legal risks of using insider information in decentralized markets, emphasizing the need for regulatory oversight. The post Google engineer charged with using inside information to win $1.2M on Polymarket appeared first on Crypto Briefing.
Bitcoin price started a fresh decline below the $75,500 zone. BTC is consolidating and might struggle to stay above the $74,000 support. Bitcoin failed to stay above $76,000 and extended losses. The price is trading below $75,500 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $74,850 […]
BTC spot volume has plunged across major exchanges, reviving comparisons with the late-stage bear market conditions that preceded the 2023 recovery. Binance activity fell from $198.6 billion to $36.4 billion, part of a broad market slowdown. Volume Collapse Revives 2023 Bitcoin Cycle Comparison On-chain and market data analytics platform Cryptoquant shared an insight on May […]
Persistent energy inflation due to geopolitical tensions may delay Fed rate cuts, impacting global economic stability and monetary policies. The post Fed’s Goolsbee cites persistent energy inflation amid Iran war impact appeared first on Crypto Briefing.
CXMT’s IPO could bolster China’s semiconductor self-reliance, but may trigger short-term market liquidity issues and geopolitical tensions. The post ChangXin Memory Technologies secures IPO approval to raise over $4B in China’s biggest chip listing appeared first on Crypto Briefing.
