MoonPay, Agora, Paxos, Frax and others are challenging Stripe’s Bridge proposal to issue Hyperliquid’s USDH stablecoin, pushing for community rewards. Stripe is facing pushback in its bid to issue Hyperliquid’s planned USDH stablecoin, as a coalition of crypto firms, including MoonPay, Agora and Rain lined up competing proposals alongside Paxos and Frax. In a Friday Discord message, the Hyperliquid team announced it wants to create a “Hyperliquid-first, Hyperliquid-aligned, and compliant USD stablecoin” with the USDH ticker. This was followed by the Native Markets teams submitting the first proposal, which would see Stripe’s stablecoin payment processor, Bridge, issue USDH. Native Market’s proposal promised to contribute “a meaningful share of its reserve proceeds” to Hyperliquid’s Assistance Fund treasury, mint directly on the ecosystem and be regulatory compliant. Still, Agora co-founder and CEO Nick Van Eck submitted an alternative proposal, arguing against the Stripe-linked alternative: Read more
Chief Justice of Pakistan Yahya Afridi on Monday said the Supreme Court had plans to use artificial intelligence to categorise cases for fixation but the judiciary was “not ready” for the technology yet. He was addressing a judicial conference at the apex court, marking the commencement of the new judicial year. “We all talk about technology, we all talk about AI to be utilised for enhancing the justice delivery system,” Justice Afridi said, adding that 61,000 files will be digitally screened under a project that will be completed within six months. “It is only when you have them digitally scanned that you can utilise the tools of AI for categorisation. It will be easy to categorise cases and to fix before one bench one issue,” he said. The chief justice emphasised, “Yes, technology is necessary. Yes, AI has to be utilised. But no, not now. We are not ready for it. We have to prepare ourselves for that.” Justices Mansoor Ali Shah, Munib Akhtar, Aminuddin Khan, Jamal Khan Mandokhail, Muhammad Ali Mazhar, Ayesh...
Professors and teachers are meeting the challenge of AI in the classroom by changing their methods. School is back in session, and educators are changing their methods to ensure students still learn as the tech becomes more ubiquitous in the classroom. Since the release of ChatGPT, students have found it easier than ever to cut corners, but educators believe it can provide an indispensable tool. John von Seggern, an educator and founder of the Futureproof Music School — an online school that teaches students electronic music production — told Cointelegraph that AI tutors can provide “true personalization at scale” with a one-on-one educational experience. Read more
The deal with Vine Hill Capital, which values CoinShares at $1.2 billion, will allow the company to be listed on the US Nasdaq Stock Market. European asset manager CoinShares has entered into a definitive business combination agreement with Vine Hill Capital Investment, a publicly traded special purpose acquisition company (SPAC). CoinShares announced Monday that the company will be publicly listed on the Nasdaq Stock Market in the US through the deal. This will allow investors to participate directly in trading CoinShares stocks, fueling its global expansion plans. A SPAC is a publicly traded shell company created with the sole purpose of merging with or acquiring an existing company. This allows a company to go public without going through the traditional initial public offering (IPO) process. Read more