Researchers in China developed a hallucination correction engine for AI models

A team of scientists from the University of Science and Technology of China and Tencent’s YouTu Lab have developed a tool to combat “hallucination” by artificial intelligence (AI) models. 

Hallucination is the tendency for an AI model to generate outputs with a high level of confidence that don’t appear based on information present in its training data. This problem permeates large language model (LLM) research. Its effects can be seen in models such as OpenAI’s ChatGPT and Anthropic’s Claude.

The USTC/Tencent team developed a tool called “Woodpecker” that they claim is capable of correcting hallucinations in multi-modal large language models (MLLMs).

This subset of AI…

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NFT market remains sluggish despite crypto’s rise

Despite a broad-based rally that has pushed digital asset prices to levels not seen in years, the NFT market remains stubbornly mired in a bear. 

In the past week, large caps such as bitcoin have surged as much as 22%, climbing from $28,000 to a peak of $35,000 on Monday. Bitcoin in turn dragged much of the industry higher, with only two assets – Huobi’s HT and Trust Wallet’s TWT – among the top 100 by market capitalization in the red on a 7-day basis, per CoinGecko. 

Despite the broad-based rally, however, the NFT sector has largely failed to rise. 

According to data from Nansen, floor prices – the lowest price at which a single NFT for a given collection can be purchased…

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WhiteList Zone partners with Cointelegraph Accelerator

In the Web3 space, one of the key challenges for new projects and products is to get a motivated audience and for crypto-enthusiasts and investors — to find the most promising projects and get in earlier than others. This is where whitelists step in, addressing several critical aspects.

A whitelist is a curated list of addresses or users with authorized access to specific privileges. It grants entry to activities like presales, token sales, initial coin offerings (ICOs), nonfungible token (NFT) minting, or access to various events. It works as an exclusive guest list, allowing only approved participants to join the party while keeping others out.

Why whitelists are important

For…

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Arbitrum Orbit integrates Celestia for data availability

Developers who are building their networks using Arbitrum Orbit will now have the option to use Celestia for data availability.

Arbitrum is an Ethereum scaling solution and is one of the largest chains by total value locked (TVL) today. According to information on DeFiLlama, Arbitrum currently has a TVL of $1.82 billion and has an estimated 470 dapps deployed on its network. 

Arbitrum Orbit is a tool that enables its users to build layer-3 blockchains that settle onto one of Arbitrum’s layer-2 chains: Arbitrum One or Arbitrum Nova. 

Celestia is a modular data availability layer. Now that it will be integrated with Arbitrum’s Nitro stack, projects that have been built using…

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Bitcoin Now Up Over 110% This Year In Anticipation of Spot ETF Approval And Halving

Bitcoin has risen over 110% in 2023 at the time of writing, where the price of the asset started the year off at $16,677 on January 1, has now pumped to above $35,000 only 10 months later. With more room to run this year as hype builds in the market around the potential approval of a spot Bitcoin ETF by the SEC and the upcoming halving event, many are now questioning if this is the end of this cycle’s eventful bear market.

Since the few disastrous incidents that happened in the bear market causing the price drop, things are now looking more optimistic. As some of the worlds largest asset managers, including Fidelity, VanEck and WisdomTree, have filed in hopes to be the first in the United…

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Payment Splitting And Switching: Improving Privacy And Payment Success Simultaneously

One of the fundamental limitations of the Lightning protocol is how payment routing is handled and accomplished. It is entirely source routed, meaning that the sender of a payment is the one who constructs the entire route from themselves to the receiver in order to facilitate the payment. This presents an issue when it comes to the changing balances of channels over time as they are routing payments between numerous different users across the network, once a sender “locks in” and decides on a specific route, that route cannot be changed until a failure message makes it way back to the sender, allowing them to construct an entirely new route going around the point where the initial…

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Friend.tech sees record outflows as top user jumps ship

As much of crypto enjoys a week in the green, Friend.tech seems to be losing steam.

The SocialFi app saw $5.81 million leave the platform on Oct. 23, the largest daily outflow since Friend.tech’s launch, according to DeFiLlama. The next day with available data, Oct. 25, saw Friend.tech’s second-largest daily outflow, with another $3.21 million heading for the exits. 

The downturn was perhaps accelerated when the platform’s most valuable creator, a profile known as ‘Vombatus,’ sold 176 of their own keys, worth around $1.5 million. Vombatus’ key price fell from around 8.3 $ETH to 1.671 ether (ETH) after the sale.

“At least i got people to talk and use FT for the first time…

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LATEST: Spot Bitcoin ETFs Debut Will Surge Bitcoin Value by 74%, Says Galaxy Digital

Galaxy Digital projects significant market shifts with the introduction of spot Bitcoin ETFs, expected to draw $14.4 billion in their debut year, outperforming current trusts and futures. These ETFs could revolutionize investment accessibility for the U.S. wealth sector, handling $48.3 trillion, and prompt a 74% Bitcoin value hike. The burgeoning demand is evident as mere rumors have recently propelled market gains. Unlike existing options, the anticipated ETFs promise greater efficiencies, lower fees, and broader reach, catering to a diverse investor spectrum seeking direct Bitcoin exposure without the custody hassle.

Polygon’s new ZK-based token is live on Ethereum mainnet

The new native token of Ethereum scaling solution Polygon has gone live on Ethereum mainnet. 

Polygon first revealed its intention to revamp its native MATIC token in July this year. This new token is designed to support a vast ecosystem of various zero knowledge layer-2 chains through a native re-staking protocol.  

This means that POL holders will be able to use the token to validate various chains across Polygon, including Polygon PoS and Polygon zkEVM. 

Polygon PoS is currently one of the largest blockchain ecosystems today. It has a $758.28 million total valued locked (TVL) and a stablecoin market cap of almost $1.7 billion, according to information available on DeFiLlama….

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Bitcoin ETF May Be A Catalyst For 74% Price Surge In 2024, Galaxy Researchers Say

Crypto fund Galaxy Digital projects a 74% spike in the price of Bitcoin BTC/USD next year if a U.S.-regulated spot Bitcoin ETF is approved.

Galaxy’s research underscores that a spot ETF would not only offer direct exposure to Bitcoin but also boast advantages over current investment options.

Join the conversation at Benzinga’s Future of Digital Assets conference on Nov. 14. Industry experts will convene to discuss the future trajectory of digital assets.

As of Sep. 30, Bitcoin investment products held approximately 842k BTC, valued at around $21.7 billion. They currently come with notable disadvantages — high fees, low liquidity, tracking error, and limited accessibility.

A Bitcoin ETF,…

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