On Thursday, the Near Foundation announced the project has raised $150 million from strategic investors such as Three-Arrows Capital, a16z, Mechanism Capital, Dragonfly Capital, and Circle Ventures. Following the announcement, the Near protocol’s native crypto asset jumped more than 7% against the U.S. dollar. Near Foundation Gets a $150 Million Capital Injection The team behind […]
It’s been a whirlwind rise for psychedelics in general in the past few years, with tons of research into medical properties, and new legal policies being set in different parts of the country to allow medical use, or decriminalize recreational use. What’s in store for this class of drugs? Here are my 2022 predictions for […]
What does the future of CBD look like? CBD is rapidly expanding its position in the wellness market. In 2020, the global market for CBD was valued at $9.3bn, with predicted growth putting it at $23.6bn by 2025. On the face of it, this suggests that the future of CBD looks exceptionally bright. In this […]
Tether has been one of the biggest question marks in crypto in recent years, and that hasn’t changed as adoption has grown. Decentralization has been a hot topic, and while the word itself isn’t mentioned once throughout Satoshi Nakamoto’s Bitcoin whitepaper, it is a core identity that has been latched on to bitcoin, and crypto in general, since near inception. Of course, decentralization is the core component of just one of many question marks around Tether. However, this week the spotlight is on just that, as Tether announced that roughly $160M worth of stablecoin USDT would be frozen. Let’s look at what we know. Tether Faces Scrutiny Around Decentralization Three Ethereum-based USDT addresses, holding north of $150M, were frozen this week, according to Tether officials, as the blockchain cited the move due to “a request from law enforcement.” The blockchain has now blacklisted over 560 addresses since November 2017. It was the first blacklisting maneuver from Tether in 2022. Tether representatives have previously stated that “through the freezing of addresses, Tether has been able to help recover funds stolen by hackers or are compromised,” leading to heated debates in the crypto community – one that has largely embraced decentralization – over what degree of power blockchain authorities should be able to weild over the network. Long-time crypto loyalists are, generally speaking, not ecstatic about Tether’s level of control of the market – even if the end result is to replace funds that were lost due to the actions of malicious bad actors. Furthermore, recent U.S. government scrutiny over the likes of stablecoins – notably USDT and USDC – have arguably led to substantial growth of more decentralized alternatives, namely UST and DAI – the third and fourth largest stablecoins in the market. Related Reading | Jack Dorsey’s Block Looking To Democratize Bitcoin Mining With Open Source Mining System As broader cryptocurrency markets have grown, so too have stablecoins such as USDT; however increased scrutiny from crypto loyalists have left many wondering about the extent of power that the network should carry. | Source: CRYPTOCAP: USDT on TradingView.com Where We Go From Here Admittedly, Tether is undoubtedly in between a bit of a rock and a hard place. The leading stablecoin is rapidly approaching a $100B market cap, and is salivating at the thought of solidifying it’s stature as the ‘go-to’ stablecoin in a world of rapid crypto growth. Additionally, according to a Chainalysis report, illicit activity and cryptocurrency-based crime nearly doubled in 2021 compared to 2020, and government officials are likely ramping up communications with the blockchain. As we kick off the new year, expect more of the same when it comes to Tether, and perhaps even Circle’s USDC – as the two look to ingrain crypto in more mainstream outlets, a degree of centralization to come with that is inevitable. Related Reading | UAE Authorities Announce New Stringent Measures Against Crypto Scammers Featured image from Pexels, Charts from TradingView.com The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.
Intel still has much to reveal about its upcoming ARC Alchemist GPU lineup due later this year, but a Linux Mesa driver update has revealed a few more clues about how many products we could expect. As spotted by Phoronix, Intel’s open-source Linux graphics driver developers have revealed plans to support 20 different models, though that doesn’t necessarily mean we should expect so many options.
We know Intel plans to release desktop and mobile lineups for its first wave of graphics cards, but 20 different device IDs sounds like a tall order. The list likely accounts for engineering samples, low-end variants, models that are not guaranteed to release, and of course the surefire mainstream gaming-tier entries such as the 512 execution unit model that’s rumored to challenge Nvdia’s RTX 3070 family.
Seeing as Intel didn’t have anything substantial regarding ARC to show at CES 2022, it remains unclear if the graphics cards will still launch in Q1 this...