FLock.io, a platform for on-chain decentralized AI model creation, is partnering with DePIN network IO.Net, to enhance its capabilities with decentralized compute power. The projects are joining forces to improve decentralized AI training platforms through advanced decentralized computing. This partnership aims to address the critical vulnerabilities of centralized AI systems by promoting a distributed approach The post FLock to train decentralized AI models with IO Net to reduce centralized privacy risk appeared first on CryptoSlate.

Ethereum fell against Bitcoin to its lowest point in three years amid the carnage that followed Bitcoin’s fall from $70,000 over the weekend. The ETH-BTC chart reached as low as 0.0462 BTC on Saturday, April 13, down 24% from the year-to-date high of 0.085 BTC. Ethereum’s all-time high against Bitcoin came in 2017 when it The post Ethereum falls to lowest level against Bitcoin in 3 years amid panic selling appeared first on CryptoSlate.

Institutional Bitcoin data provider Block Scholes anticipates a novel impact from next week’s Bitcoin halving on the network’s performance. The company believes that it may lead to an immediate drop in the network’s hash rate by roughly 25% within the first two weeks. The firm predicts this event will have a unique effect on the The post CleanSpark to add 23EH/s new BTC miners amid potential hash rate drop post-halving appeared first on CryptoSlate.

Hong Kong is poised to approve the launch of new exchange-traded funds (ETFs) that will directly invest in Bitcoin and Ether potentially as soon as Monday. This key development, as reported by Bloomberg, involves key financial players, including an international branch of China’s Harvest Fund Management Co. and a partnership between Bosera Asset Management (International) The post Bitcoin and Ethereum ETFs could launch in Hong Kong before halving – reports appeared first on CryptoSlate.

Circle, the issuer of USDC, announced a new smart contract functionality that allows holders of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) to transfer their shares to Circle for USDC. As reported by Circle, this smart contract provides BUIDL investors with a near-instant, 24/7 off-ramp, leveraging the core benefits of tokenized assets: speed, transparency, The post BlackRock tokenized BUIDL fund now convertible to USDC 24/7 via Circle integration appeared first on CryptoSlate.