Stablecoin fintech company Crown completes $8.1 million seed round of financing, led by Framework Ventures

PANews reported on September 18th that Nvidia (NVDA.O) announced on Thursday that it would invest $5 billion in Intel (INTC.O) to support the struggling US chip foundry, but stopped short of awarding Intel key chip manufacturing contracts. The agreement also includes plans for Intel and Nvidia to jointly develop chips for PCs and data centers, potentially posing a risk to Taiwan Semiconductor Manufacturing Co. (TSM.N). Currently, TSMC manufactures Nvidia's flagship processors; as the world's most valuable company, Nvidia may shift this business to Intel in the future. Advanced Micro Devices, which competes with Intel in the data center chip supply market, could also suffer from Nvidia's support for Intel.

The post Chorus One and MEV Zone Team Up to Boost Avalanche Staking Rewards appeared on BitcoinEthereumNews.com. Through the partnership with MEV Zone, Chorus One users will earn extra yield automatically. The Chorus One Avalanche node has a total stake of over 1.7 million, valued at around $55 million. This collaboration will introduce MEV Zone to both public nodes and Validator-as-a-Service. The Avalanche network stands to benefit from fairer and more efficient markets due to enhanced transparency. Chorus One, a highly decorated institutional-grade staking provider, has inked a strategic partnership with MEV Zone to enhance yield generation on the Avalanche (AVAX) network. The Chorus One partnered with MEV Zone to increase the AVAX staking yields, while simultaneously contributing to the general growth of the Avalanche network. “At Chorus One, we see this as an important step in our ongoing journey to provide robust infrastructure and innovative yield strategies for our partners and clients,” the announcement noted.  Why Did Chorus One Partner With MEV Zone? The Chorus One platform has grown to a top-tier institutional-grade staking ecosystem, with more than 40 blockchains, since 2018. In a bid to evolve with the needs of crypto investors and the supported blockchains, Chorus One has inked several strategic partnerships in the recent past, including MEV Zone. In the recent past, MEV Zone has specialized in addressing the Maximal Extractable Value (MEV) challenges on the Avalanche network. The MEV Zone will help Chorus One’s AVAX node validator to use Proposer-Builder Separation (PBS). As such, Chorus One’s AVAX node will seamlessly select certain transactions that are more profitable when making blocks. For instance, MEV Zone will help Chorus One’s AVAX node validator to capture arbitrage and liquidation transactions more often since they are more profitable.  How will Chorus One’s AVAX Stakers Benefit Via This Partnership? The Chorus One AVAX node has grown over the years to more than 1.77 million coins staked, valued…

The post Bitcoin devs cheer block reconstruction stats, ignore security budget concerns appeared on BitcoinEthereumNews.com. This morning, Bitcoin Core developers celebrated improved block reconstruction statistics for node operators while conveniently ignoring the reason for these statistics — the downward trend in fees for Bitcoin’s security budget. Reacting with heart emojis and thumbs up to a green chart showing over 80% “successful compact block reconstructions without any requested transactions,” they conveniently omitted red trend lines of the fees that Bitcoin users pay for mining security which powered those green statistics. Block reconstructions occur when a node requests additional information about transactions within a compact block. Although compact blocks allow nodes to quickly relay valid bundles of transactions across the internet, the more frequently that nodes can reconstruct without extra, cumbersome transaction requests from their peers is a positive trend. Because so many nodes switched over in August to relay transactions bidding 0.1 sat/vB across their mempools, nodes now have to request less transaction data to reconstruct blocks containing sub-1 sat/vB transactions. After nodes switched over in August to accept and relay pending transactions bidding less than 1 sat/vB, disparate mempools became harmonized as most nodes had a better view of which transactions would likely join upcoming blocks. As a result, block reconstruction times improved, as nodes needed less information about these sub-1 sat/vB transactions. In July, several miners admitted that user demand for Bitcoin blockspace had persisted at such a low that they were willing to accept transaction fees of just 0.1 satoshi per virtual byte — 90% lower than their prior 1 sat/vB minimum. With so many blocks partially empty, they succumbed to the temptation to accept at least something — even 1 billionth of one bitcoin (BTC) — rather than $0 to fill up some of the excess blockspace. Read more: Bitcoin’s transaction fees have fallen to a multi-year low Green stats for block reconstruction after transaction fees crash After…