Former Tesla, OpenAI exec founds ‘AI native’ education startup Eureka Labs
The startup aims to create virtual teaching assistants using generative AI.
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Ethereum, Bitcoin users reignite scalability debate as gas fees surge
A recent spike in transaction fees on Ethereum and Bitcoin appears to have reignited the debate around solutions for scalability and the role of layer 2s.Over the last 24 hours, cryptocurrency users began sharing screenshots showing double, occasionally triple-digit transaction fees on Ethereum and Bitcoin. One screenshot showed gas fees were as high as $220

Moonbeam’s PureStake raises $6M ahead of parachain launch on Polkadot
The company building Moonbeam is focusing on integration work and a renewed marketing push. 2456 Total views 10 Total shares PureStake, the company behind the Moonbeam and Moonriver networks, two parachain candidates for Polkadot and Kusama, respectively, announced a successful $6 million raise.The funding round was led by CoinFund and included participants such as Binance…

EigenLayer’s EigenDA to support layer-2 native token restaking
Users will be able to earn restaking yield from layer-2 tokens on EigenDA.

Canadian Blockchain Company Signs Contract with Seoul Ministry of Transportation
Canadian tech firm Graph Blockchain Inc. has partnered with the Ministry of Transportation in Seoul, South Korea, to run a pilot program for blockchain-based traffic data storage, according to a news release on June 24.Graph Blockchain reportedly signed a contract for around $55,000 CAD, or approximately $41,695 at press time, to run this pilot program…

Ripple Sold $535 Million Worth of XRP in 2018
Ripple (XRP) sold $535.56 million worth of XRP in 2018, according its quarterly report for Q4 2018 released on Jan. 24.The report further notes that the sales of XRP tokens in Q4 2018 amounted to $129.03 million worth, which is equivalent to 0.24 percent of global XRP volume. The Q4 average XRP daily volume was…

Gold Vs. Bitcoin: $2.8B Fake Bullion Scam Highlights BTC Benefits
A huge corruption scandal involving Chinese loans backed by fake gold is pressuring its supporters to defend it against unforgeable Bitcoin. 949 Total views 23 Total shares The Bitcoin (BTC) versus gold debate rages on this week as reports reveal fake bars fuelled a $2.8 billion corruption scheme.As Chinese media outlet Caixin reported on June…

Is Web3 messaging going to replace WhatsApp and iMessage? Co-founder of XMTP explains
The co-founder of XMTP, Shane Mac, is optimistic that Web3 messaging will play a critical role in bringing the masses to the industry. Hashing It Out episode 24 explores Web3 messaging with Shane Mac, co-founder of XMTP — an open protocol and network for secure Web3 messaging — who explains the differences between Web2 and Web3…

Past rate cuts indicate potential crypto bull market catalyst — 21Shares
The US Federal Reserve is expected to begin lowering its benchmark interest rate in September.