Former Coinbase Tech Chief Contrasts AI’s Reputation As Making It Easy To Fake Things With Crypto’s Tamper-Proof Technology – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)

Silicon Valley investor Balaji Srinivasan predicted a convergence in prestige between artificial intelligence and cryptocurrencies on Monday, arguing that while one’s reputation has suffered, that of the other has increased.

What Happened: In an X post, Srinivasan expressed his views on the contrasting origins of AI and cryptocurrency, like Bitcoin BTC/USD, Ethereum ETH/USD and Dogecoin DOGE/USD.

“AI came out of academic research and big tech, so it started with high prestige. Crypto came from anonymous message boards and internet degens, so it started with low prestige,” the former technology head of Coinbase said.

AI came out of academic research and big tech, so…

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Funding Roundup: COSIMO digital raises $25M

Digital asset firm COSIMO Ventures rebranded to COSIMO digital earlier this week, announcing a $12 million strategic funding round. 

The round, led by former Bridgewater executive Des Mac Intyre, will be used to target “strategic partners for expansion and growth in this rapidly developing market.”

As part of the rebrand, COSIMO will consolidate under one single umbrella. A press release stated that the firm “offers a full suite of services, including investment funds, custody services, advisory, broker-dealer services, Web3 and blockchain development.”

“Now was the right time to bring it all under one unified visionary identity,” managing partner Ciaran Hynes…

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