Ethereum investor Stanley Druckenmiller has added his voice to the growing conversation around the future of digital finance, predicting that stablecoins could become the dominant force in global payment systems within the next few years. The veteran investor’s outlook reflects a broader shift among institutions and market participants toward viewing blockchain-based money as a critical financial infrastructure.
Why Stablecoins Could Replace Traditional Payment Rails
Stanley Druckenmiller, a prominent investor with exposure to Ethereum, is increasingly aligning his investment positioning with his outlook on the future of payments; one dominated by stablecoins and blockchain infrastructure. According to the Etherealize post on X, the veteran investor has publicly stated that stablecoins could power the entire payment system within the next 10 to 15 years. He further pointed to the clear advantages of blockchain-based money, such as greater efficiency, faster settlement, and significantly lower costs.
This view is reflected in his exposure of the ETH ecosystem, in which Druckenmiller is listed among key backers of BitMine (BMNR), an Ethereum-focused treasury firm chaired by Tom Lee, which reportedly holds over $10 billion in ETH. Other notable supporters include ARK Invest and Bill Miller.
Druckenmiller’s aligns with his recent bullish comments on stablecoins and blockchain payments. He frames blockchain and the use of stablecoins as highly practical tools for investors to invest their crypto and tokens, as they can significantly improve financial productivity.
Ethereum As A Neutral Settlement Layer For Institutions
The recent Cari announcement has reignited a critical debate around the future of institutional blockchain infrastructure, with much of the discussion focusing on architecture. Analyst Alex argued that the real issue lies in the business model of proprietary systems versus open standards.
The Government of propriety networks like Canton or Tempo will be controlled by a small group with disproportionate voting weight. They will be permissionless, but participants have to submit a Google form with opaque admission criteria to join. It’s unclear who decides this, but over time, the most influential participants will set the terms of access and pricing.
From a bank’s perspective, this structure is familiar because it mirrors the early dynamics of legacy systems like SWIFT and Visa, locking in structural advantages while late joiners absorb the cost.
As Alex noted, everyone wants to build the next SWIFT-killer, but nobody wants to join someone else’s SWIFT-Killer; a typical comment from banks. This is where Ethereum stands out as the only neutral settlement layer where that dynamic can’t take hold, because no single entity can capture it.
The ETH network is the only place where every participant can permanently trust that no future coalition will rewrite the rules against them. From a game-theoretical standpoint, Alex concluded that ETH represents the only sustainable equilibrium as a global settlement layer for institutional finance that works long-term.
]]>ZKP Crypto Outperforms Cardano & Avalanche Through ZK-SNARK Integration & Recursive Proof Verification Systems Bitget
Source link ]]>
Cardano’s EUTXO Powers Scalable, Secure Smart Contract Systems TronWeekly
Source link ]]>
Trivolve Tech and Quixy Joins Hands to Revolutionize Forensic Systems in India on Cardano AccessWire
Source link ]]>
Cerebras Systems has introduced the Wafer Scale Engine 3 (WSE-3), marking a significant milestone in developing chips designed for generative artificial intelligence (AI).
The announcement, made on March 13, 2024, positions the WSE-3 as the world’s largest semiconductor, aimed at advancing the capabilities of large language models with tens of trillions of parameters. This development comes on the heels of the intensifying race in the tech industry to create more powerful and efficient AI models.
Doubling Down on Performance
The WSE-3 chip improves the performance of its predecessor, WSE-2, two times without an increase in power consumption or cost. This accomplishment is celebrated as one of the strides made per Moore’s Law, which states that chip circuitry is expected to become twice as complex approximately every 18 months.
Consequently, the WSE-3 chip, manufactured by TSMC, shows a decrease in the transistor size from 7 nanometers to 5 nanometers, which increases the transistor count to 4 trillion on a chip the size of almost an entire 12-inch semiconductor wafer. This increase results in a doubling of the computational power from 62.5 petaFLOPs to 125 petaFLOPs, thus improving the chip’s efficiency in training AI models.
Advantages Over Competitors
Cerebras’ WSE-3 substantially surpasses the industry standard, Nvidia’s H100 GPU, in size, memory, and computational capabilities. Featuring 52 times more cores, 800 times larger on-chip memory, and significant improvements in memory bandwidth and fabric bandwidth, the WSE-3 delivers the largest performance improvements ever targeted at AI computations.
These improvements allow the training of substantial neural networks, including a hypothetical 24 trillion parameter model on a single CS-3 computer system, demonstrating the vast potential of WSE-3 in speeding up AI model development.
Innovations in AI Training and Inference
The release of the WSE-3 is associated with improvements in the training and inference phases of AI model development. Cerebras emphasizes the chip’s capability to simplify the programming process since it requires much fewer lines of code than GPUs for modeling GPT-3. The simplicity with which 2,048 machines could be clustered and trained makes this design able to train large language models 30 times faster than the current leading machines.
Cerebras has additionally revealed a tie-up with Qualcomm to improve the inference part, which is about predicting based on the AI model trained. Through methods like sparsity and speculative decoding, the partnership seeks to reduce the computational costs and energy usage of generative AI models to the bare minimum.
As a result, this collaboration signifies a strategic move towards optimizing the efficiency of AI applications, from training to real-world deployment.
Read Also: Charles Hoskinson Eyes Lightweight Consensus for Cardano
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Kelexo (KLXO) Lending Systems See Presale Surge As More Cardano (ADA) & Solana (SOL) Holders Rush to Buy in … Analytics Insight
Source link ]]>
UNHCR Turns to Blockchain & Cardano to Improve Refugee Aid Systems Blockonomi
Source link ]]>
Binance CEO CZ criticized the banking system for repeated bank failures in the wake of the Credit Suisse merger and the recent collapse of Silicon Valley Bank. The emergency merger between Credit Suisse and UBS Group are set to wipe out the Credit Suisse’s risky additional tier 1 bonds (AT1bonds) worth a total of $17.3 billion. Although the banking crisis wiped out massive value for investors in the stock market in last few weeks, the crypto market took a bullish turn.
Also Read: FDIC Delays SVB Bidding As Banking Crisis Continues, Bitcoin Price To $30K?
CZ Questions Free Market Credentials
The Binance CEO raised doubts on how the ‘free market’ spirit requires new banks to operate in the same environment that is causing the failures. More importantly, CZ pointed that these bank failures prove to be costlier with new collapses. It may be recalled that crypto exchange Binance was subjected to difficulties earlier as hardly any US bank came forward to partner with it for the US Dollar support. He said in a latest tweet,
“Every decade or so, the same banks fail. We keep them alive, then repeat. More costly each time. Meanwhile, it is incredibly difficult for new banks (to be approved) to enter the market to compete. New banks are also required to operate in exactly the same way as the old failing ones. Free market?”
Also Read: Bear Market Officially Over? Bitcoin Futures Open Interest Hits New Yearly High
JP Morgan Says Wider Market Effects Ahead
In a latest, JP Morgan said the Switzerland financial regulator Finma’s approval for writing down Credit Suisse AT1bonds could lead to widespread ripple effects. This could result in a contagion for wholesale funding costs across the sector, it said. Meanwhile, the Bitcoin price reached a new nine month high of $28,000 ahead of the crucial US Federal Reserve’s Federal Open Market Committee (FOMC) meeting.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Crypto Firms Should Ditch Banks To De-risk From Volatile Systems, Says Cardano Founder NewsBTC
Source link ]]>
ENGLAND – The team at Hashlists is proud to announce the success of their cloud mining services, which has led to a recent increase in both profit margins and investor confidence.
An innovation in simplicity, a specially simplified cloud mining platform provides exceptional service and cryptocurrency mining for clients without skill or equipment.
Users do not need any special hardware or software, or even have a computer to continue cloud mining. All a user has to do is pay the mining contract and sit back and earn daily profits. During the whole process, the user does not need anything else.
Hashlists is one such platform and it has launched a new campaign that rewards all users with a sign-up bonus of $8 that can be withdrawn immediately. The cloud mining platform also offers a referral program where users get a 3% commission for referring friends and family.
Withdrawing from Hashlists is simple, thanks to its convenient toolkit. The company created the dashboard to be simple and intuitive for new and experienced users alike.
Hashlists’s business model is simple: Users make deposits like any bank and automatically receive daily profits from the account in USD
Hashlists believes everyone should be entitled to easy passive income. To ensure this is possible, it has a variety of plans for user. The plans range from as low as $8 to as high as $6,500.
Mining contracts also range from daily to 60-day contracts. This gives a lot of flexibility of investment for user. The best part is user don’t need to know anything about cloud mining to invest in this great opportunity.
Returns are paid daily, so user are sure of getting payment every single day. The returns are fixed for any period of time for which user invest.
To start enjoying daily passive income from Hashlists, all users have to do is sign up and pay for a mining contract. Just provide users’s email address and create a password.
Hashlists’s mission is to make acquiring cryptocurrencies easy and fast for everyone.
They provide a multi-algorithm, multi-coin cloud mining service using the latest technology – without any pool fees. The ultimate goal of company existence is to make cryptocurrency mining an easy, smart, and rewarding experience for all.
For more information, visit www.hashlists.com
Media Contact
Company Name: Hashlists
Contact Person: Evan
Email: [email protected]
Country: United Kingdom
Website: www.hashlists.com
✓ Share: