#network

The NEAR Foundation, the entity behind the NEAR blockchain, has unveiled a new feature that allows for the management of transactions across different blockchains directly from the NEAR app. This innovation, made possible through a decentralized multi-party computation (MPC) network, enables users to manage multiple wallets under a single account.

Financial powerhouses including Goldman Sachs, BNY Mellon, Paxos, and others have concluded their testing phase of the blockchain Canton Network, engineered by Bluechip Digital Asset. The initiative brought together 15 asset management companies, 13 banks, four depositary institutions, and three exchanges in its pilot phase.

The British Center for Countering Digital Hate (CCDH) has reported a staggering monthly 130% increase in disinformation on social network X, generated using artificial intelligence, over the past year. The study highlighted a significant rise in politically motivated deepfakes.

OpenAI has introduced a new neural network named Sora, capable of generating high-quality videos up to one minute long based on textual prompts. Initially, this technology will undergo testing by a select group of users, including researchers and artists, before being rolled out to the general public.

SushiSwap has unveiled Susa, its latest venture in the form of a derivatives exchange, marking its debut in the Layer N L2 network as the ever-first trading platform of the ecosystem.

The gaming-focused crypto project Immutable has launched its L2 network, Immutable zkEVM, on mainnet. This network functions independently from the existing StarkEx-based solution.

The Stellar Development Foundation has supported the decision to delay the network's update to add smart contracts due to a software bug. Initially, foundation representatives minimized the severity of this bug but revised their position in response to critiques from the developer community.

Deepmind alumni Yishu Miao and Ziyu Wang have launched their own neural network, Haiper, designed for generating videos from text inputs. In a notable departure from OpenAI's competing Sora model, Haiper is already available for all users free of charge, albeit with limitations on the duration of the videos.

The U.S. Financial Crimes Enforcement Network (FinCEN) has released a report that unveils statistics on the use of various cryptocurrencies in crimes related to human trafficking and the sexual exploitation of children between 2020 and 2021. Throughout this period, the criminal funds identified amounted to $412 million.

Frax Finance, renowned for its liquid staking and stablecoin FRAX, has launched its L2 network, Fraxtal.

Dencun's update has been successfully initiated in the Holesky test network, setting the stage for its arrival on the Ethereum Mainnet. The announcement of the deployment date, potentially as early as March, is expected within a day.

Orbiter Finance, a cross-chain transfer bridge, has announced the launch of its L2 network, Orbiter Rollup, utilizing ZK-rollup technology.

Leading telecommunications company Telefónica announced a partnership with the Solana-based decentralized wireless network Helium Mobile to launch hotspots in Mexico.