Crypto News
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Velocity’s Series A reaches $48 million at a $200 million valuation
Velocity has expanded its Series A funding to $48 million at a $200 million valuation, CEO Eric Queathem said. Visa, Circle and Ripple are among the backers of the London-based payments infrastructure firm.
CoinDesk
Solana Expands Transaction Capacity to 4,096 Bytes With Transaction V1
Solana’s Transaction V1 raises the transaction size limit from 1,232 to 4,096 bytes. CoinDesk says the added capacity supports use cases such as multi-step trades, company-wallet approvals and privacy proofs.
CoinDesk
Sam Altman Calls for AI Safeguards Before Regulation Arrives
OpenAI chief Sam Altman warned that humans could lose control of AI and called for safeguards during training. He also urged shared industry standards, saying developers can act before legislation is introduced.
Decrypt
AI’s Biggest Companies Question the Pace of Development
Cointelegraph examines why major AI companies are calling for slower development, citing questions over whether technology-related risks and the economics of the race are making the current pace harder to justify.
Cointelegraph
Crypto Market Outperforms as Slower AI Development Call Pressures Tech Stocks
Crypto outperformed tech stocks in CoinDesk’s Sept. 14 market outlook as a call for slower AI development weighed on technology shares. ARK, FORM and VELO are the related crypto assets.
CoinDesk
ByteDance Arranges $29.6 Billion Loan as AI Infrastructure Plans Expand
ByteDance has arranged a $29.6 billion loan while reportedly considering $70 billion in AI data centers and infrastructure spending, CoinDesk reports. The move comes as U.S. AI companies call for slowing the industry’s race.
CoinDesk
Bitcoin Holds Above $77,000 as AI Safety Debate Pressures Tech Stocks
Bitcoin rose above $77,000 as AI safety concerns pressured technology shares. Rising oil prices added to broader market pressure, according to CoinDesk.
CoinDesk
King Charles to Host AI Leaders as Calls Grow for Slower Development
King Charles will host AI industry leaders amid renewed calls for restraint. Dario Amodei and Sam Altman recently warned that rapidly advancing systems could create risks that are increasingly difficult to control.
Cointelegraph
Crypto Awaits CLARITY Vote as AI Swarm Fears Slow Development
Cointelegraph highlights a Tuesday Senate vote on the CLARITY measure as a major crypto catalyst, while fears over AI swarms are contributing to a development slowdown and predictions of steep AI stock declines.
Cointelegraph
Anthropic Chief Calls for Slower, Safer AI Development
Anthropic’s chief urged a slower, safer pace for AI development, while OpenAI CEO Sam Altman agreed with the safety concerns. Altman also said there would be no initial share sale this year, Cointelegraph reported.
Cointelegraph
UK House of Lords backs mandatory digital-asset strategy
The UK House of Lords backed an amendment requiring the Treasury to develop a digital-asset strategy covering cryptoassets, stablecoins, tokenized securities and digital financial infrastructure, Cointelegraph reported.
Cointelegraph
US crackdown targets $24 billion crypto black market as money launderers retreat
The DOJ seized Telegram channels and two wallets, while OFAC sanctioned Xinbi and the developers behind SafeW and XinbiPay in a US action targeting a reported $24 billion crypto black market.
CryptoSlate
PayPal introduces PYUSD-backed platform for custom stablecoin issuance
PayPal is expanding its stablecoin infrastructure through PYUSDx, a developer platform for issuing custom tokens backed by PayPal USD (PYUSD). M0 and MoonPay are helping develop the platform, CoinDesk reported.
CoinDesk