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🟧 AI, Louis Vuitton, and Cryptocurrency - Proof of Intel

Author

Kimchi
June 09, 2023

Summary 📓🖋️

  1. AI Hysteria and Real Risks: Debunking AI myths, this article explores the actual risks associated with AI development.

  2. North Korean Crypto Hack: North Korean hackers stole $35 million from a prominent crypto service, raising cybersecurity concerns.

  3. Vitalik Buterin's Philanthropy: Buterin and Nailwal donate $100 million towards COVID-19 research and medical infrastructure development in India.

  4. Circle's native integration of USDC on Arbitrum provides seamless access, faster settlements, and cost-efficient transactions.

GM, tech enthusiasts! Kimchi here, your tech narrator, ready to serve up another sizzling edition of Proof of Intel (PoI) – the newsletter where tech news meets fun. Get ready for a thrilling ride through the latest updates in the world of tech and web3. Buckle up and let's dive in!

North Korean Crypto Heist Shakes the Industry 🚀💥

In a jaw-dropping cyber attack, North Korean hackers have struck again, making off with a staggering $35 million from a prominent crypto service. It seems these hackers have quite the appetite for virtual loot. Will they ever be caught? Only time will tell. Stay vigilant, fellow crypto enthusiasts!

$100M Towards COVID-19 Research: Vitalik Buterin and Polygon Co-founder Join Forces 💰💉

In a remarkable act of philanthropy, Ethereum co-founder Vitalik Buterin, along with Polygon co-founder Sandeep Nailwal, is leading the charge to donate $100 million towards COVID-19 research and medical infrastructure development in India. Their efforts aim to combat the ongoing pandemic and support those affected by "Long COVID." Kudos to Buterin and Nailwal for using their influence to make a positive impact!

USDC Revolutionizes Transactions with Native Integration on Arbitrum 🔄💱

Hold onto your hats, folks! USDC, the leading stablecoin issued by Circle, has made waves by integrating natively with Arbitrum, a prominent layer 2 scaling solution for Ethereum. With this integration, users can enjoy faster settlements and lower costs, unlocking a new era of efficiency in crypto transactions. Say goodbye to bridging and embrace the seamless access to USDC on the Arbitrum network. The possibilities are endless!

AI Hysteria: Debunking Myths and Unveiling Real Risks 🤖🌪️

Artificial Intelligence is the subject of both fascination and fear. Let's separate fact from fiction, shall we? Contrary to popular belief, AI isn't out to kill us all, ruin our society, or steal our jobs. The real risks lie elsewhere, such as long-term symptoms of COVID-19, the potential for inequality, and the misuse of AI by bad actors. It's time to focus on the actual challenges and work towards building a safer and more inclusive future with AI.

As AI continues to advance, questions surrounding privacy and ethics become increasingly important. We must navigate the fine line between harnessing AI's potential and safeguarding our personal information. Let's stay vigilant and ensure that AI developments align with ethical standards, protecting the rights and privacy of individuals in this digital age.

Crypto Market Insights: NFTs, Royalties, and Exciting Discoveries 🔍🎉

The crypto market is buzzing with activity! From the explosion of Bitcoin NFTs to the rise and fall of royalty rates, there's never a dull moment.

Over the past two days, the Blur platform witnessed an unprecedented surge in ETH trading volume, with sellers overwhelmingly offloading their holdings into bids. In fact, an astounding 92% of the total ETH volume consisted of sellers eagerly dumping their assets into bids. This remarkable trend highlights the intensity and prevalence of selling activities on Blur during this period.

Artists and collectors alike are embracing the NFT universe, with projects like "Interwoven" and the Mercedes NFT launch taking center stage.

The Mercedes NFT launch machine commenced with a Dutch auction starting from 2 ETH, resulting in a minting price of 0.24 ETH. Although the trades initially soared to heights of 0.45 ETH, they have now dipped below the minting price.

Meanwhile, the world of NFTs continues to evolve, with Mutants making waves and exciting collaborations on the horizon. Keep an eye out for the latest trends and opportunities in the vibrant world of crypto art.

Wrapping It Up 🎁💡

That's a wrap, folks! We've covered an array of topics, from cyber heists to philanthropy, scaling solutions, AI myths, and the dynamic crypto market. Remember, the world of tech is an adrenaline-filled roller coaster, and we're here to ride it together. Stay informed, stay curious, and embrace the ever-changing landscape of technology and web3.

Before we sign off, we want to express our gratitude to all our readers who make Proof of Intel possible. Your support and enthusiasm keep us going. Remember to follow us on social media for more exciting updates and engaging discussions.

Until next time, keep your tech antennas up and your sense of humor intact. This is Kimchi, your tech narrator, signing off. Stay savvy, stay smiling! 🌶️

TL;DR: 📕💤

  • The SEC is scrutinizing cryptocurrency exchanges, including Binance and Coinbase, raising concerns about token classification and staking.

  • Vitalik Buterin and Polygon co-founder are donating $100 million towards COVID-19 research and medical infrastructure development in India.

  • USDC integrates natively with Arbitrum, revolutionizing transactions with faster settlements and lower costs.

  • Let's debunk the AI hysteria and focus on the real risks, such as long-term COVID-19 symptoms and ethical concerns.

  • Stay informed about the vibrant crypto market, from NFTs to royalty rates and exciting collaborations.

That's all for now, tech enthusiasts! Remember, in this fast-paced world, the only constant is change. Stay tuned for the next exhilarating edition of Proof of Intel. Take care and happy tech adventures! 🚀

Intel Drop #3