Author: TheSpuzz Desk

The decentralized autonomous organization (DAO) behind Lido — the largest Ethereum staking pool — is deliberating whether it should sell or stake the $30 million in Ether (ETH) from its treasury. A proposal was submitted on Feb. 14 by the DAO’s financial unit, Steakhouse Financial that considers four choices, one of which contemplates staking part or all of its ETH on Lido in the form of Lido Staked ETH (stETH). Another would see LidoDAO selling a part or all of its 20,304 ETH for a stablecoin, with the purpose being to extend the DAO’s runway. The four proposals (pictured) submitted…

The fintech revolution is likely to spur digital lending in India, which is expected to surpass traditional avenues of lending by 2030, a report showed on Tuesday.     This will be driven by unsecured small-ticket size segment and the secured collateral-based high-ticket size market, according to the latest white paper by Experian India in collaboration with the Digital Lending Association of India (DLAI). As co-lending becomes the predominant operating model in India, more traditional lenders will collaborate with fintechs to reach a higher degree of maturity and amalgamation of…

Stocks to watch today: Domestic markets are likely to start Wednesday’s trade on a tepid note, as investors digest hotter-than-expected US inflation data. The January’s consumer price index rose 0.5 per cent for the month, and 6.4 per cent, from a year-ago. As of 7:15 am, the SGX Nifty stood at 17,904 levels, down 23-odd points. Globally, the US equity futures turned sour this morning after inflation data breached estimates. Dow Jones Futures, the S&P 500 Futures, and NASDAQ Futures slipped up to 0.2 per cent. Asia-Pacific markets, meanwhile, were mixed in early trading session. While Topix and Nikkei 225…

Kyiv: Ukrainian President Volodymyr Zelenskiy urged allies to be speedy in sending more military help as NATO defence ministers met on Wednesday and Russia bombarded the eastern front line in what appeared to be the early salvoes of a new offensive. Much of Russia’s artillery fire was focused on Bakhmut, a bombed-out city in Donetsk province and a principal target for President Vladimir Putin. Ukrainian troops there have fortified positions in anticipation of street fighting. Bakhmut’s capture would provide a stepping stone for Russia to advance on two bigger Donetsk cities, Kramatorsk and Sloviansk, and give Moscow momentum after months…

The bone-chilling video has surfaced on the internet. An old video has surfaced on the internet which shows a tiger forcefully dragging a woman away. The shocking attack happened at the Badaling Wildlife World animal park near Beijing in 2016. The video shows a woman getting out of the car and walking over to the driver. As the driver opens his door, the woman is suddenly grabbed from behind by a tiger and forcefully dragged away. As the animal dragged her away, her husband and mother ran towards the tiger in an attempt to rescue her, New York Times reported.…

Connect with top gaming leaders in Los Angeles at GamesBeat Summit 2023 this May 22-23. Register here. Logitech announced today that it’s launching a new piece in its Logitech G racing gear series. This new Racing Adapter allows users who customize their racing setups with gear from different generations, which were previously incompatible with each other. Previous-generation Logitech G racing peripherals used a 9-pin serial port to connect, whereas future-gen gear uses USB. According to the company, the new Racing Adapter lets users connect gear like the Driving Force Shifter with the PRO racing wheels and other peripherals. The adapter…

The PlayStation VR2 headset can track the accompanying Sense controllers thanks to a bunch of IR LEDs hidden in the orb-shaped controllers, according to new teardown videos Sony posted Tuesday evening. Under the Sense controller cover, the controller itself has a ring of 14 IR LEDs and three placed elsewhere for tracking, as shown in the Sense teardown video. “These infrared lights are used by the VR headset’s tracking camera to detect the controller’s position and orientation,” Sony’s Takeshi Igarashi, who also designed the DualSense controller, explains in the video. “The LEDs have been placed in optimal locations to ensure…

Despite attempts to police cryptocurrency through enforcement actions, United States financial regulators “are bound by legal reality” and Congress will ultimately decide crypto regulations the policy expert for the crypto advocacy group Blockchain Association has suggested. The association’s chief policy officer, Jake Chervinsky, shared his views in an extensive Feb. 14 Twitter thread on the state of crypto policy. He noted neither the Securities and Exchange Commission (SEC) nor the Commodity Futures Trading Commission (CFTC) “has the authority to comprehensively regulate crypto.” 14/ No matter how many enforcement actions the SEC and CFTC bring, they are bound by legal reality:Neither…

The findings were the “tip of the iceberg”, calling the 4,815 cases as the “minimum” number of victims. Lisbon: More than 100 priests suspected of child sexual abuse remain active in church roles in Portugal, according to the head of a commission investigating the issue. The commission, which started its work in January 2022, said in its final report published on Monday that at least 4,815 children were sexually abused by members of the Roman Catholic Church in Portugal – mostly priests – over 70 years. It added that the findings were the “tip of the iceberg”, describing the 4,815…

Quantum Brilliance hit the quantum computing scene in 2019 with an ambitious vision to apply synthetic diamond technology for quantum accelerators. The Australia-based company’s approach is meant to skirt the need for superconducting infrastructure or microscale laser-manipulation, thus freeing quantum systems to work on the network edge – and even at the edge of space. The company today announced an $18 million fundraise from investors such as Breakthrough Victoria, Main Sequence, Investible, Ultratech Capital, MA Financial, Jelix Ventures, Rampersand and CM Equity.  That will help forward its efforts to reduce the footprint required for quantum computing, and pursue collaboration such…