Governance
Top tech stories today: February 22, 2024
Circle has terminated its USDC support on the Trblockchain. Google introduces new AI models. A new SIM card can talk to multiple networks.
Headline
Circle has terminated its USDC support on the Trblockchain. Google introduces new AI models. A new SIM card can talk to multiple networks.
Context
Your daily top tech news is here to brighten your day. Crypto firm Circle has terminated its USDC support on the Tron blockchain. In IT infrastructure, rSIM has developed a SIM card that can communicate across multiple networks. Plus, Google has introduced new AI models on the latest tech trends. Major U.S. crypto firm Circle will end support for its USDC token on the Tron blockchain network, aligning with its efforts to ensure USDC’s trustworthiness. The decision means no more minting of USDC tokens on Tron amid regulatory scrutiny of its founder, Justin Sun. ( Reuters )
Evidence
Pending intelligence enrichment.
Analysis
Binance’s price cap on Tether tokens in Nigeria led traders to seek unfettered trade on other platforms. Despite regulatory compliance efforts, Binance faced criticism for the pegged rate on its P2P platform, which it attributed to an automatic system pause. ( Cointelegraph ) Web3 Venture Capital firm Hack VC’s $150 million fund targets “capital-efficient” DeFi projects and security solutions to combat smart contract hacks. Hack will also focus on Web3 x AI projects. While the crypto market has faced challenges, Hack remains optimistic about the future of the industry. ( Cointelegraph ) IBM has expanded its Cisco-focused professional services with new support and implementation options for Cisco SDN, SD-WAN users, and a remote assessment service for Cisco network infrastructure. ( NetworkWorld ) A joint venture between Deutsche Telekom, Tele2, and CSL Group, rSIM introduces a resilient SIM card capable of communicating with multiple networks simultaneously. ( NetworkWorld )
Key Points
- 1. Crypto firm Circle to end support for USDC stablecoin on Tron blockchain
- 2. Binance adopts USDT price cap to align with local rules in Nigeria
- 3. Hack VC raises $150M to back crypto and AI startups
- 4. IBM launches professional services for Cisco networks
- 5. Two-in-one SIM offers network redundancy for IoT devices
Actions
Pending intelligence enrichment.
