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Jorg Hiller October 28, 2024 01:33 NVIDIA SHARP introduces a breakthrough in-network computing solution that improves the performance of AI and scientific applications by optimizing data communication across distributed computing systems. As AI and scientific computing continue to evolve, the need for efficient distributed computing systems becomes paramount. These systems handle computations too large for a single machine and rely heavily on efficient communication between thousands of computational engines, such as CPUs and GPUs. According to the NVIDIA Technical Blog, NVIDIA Scalable Hierarchical Aggregation and Reduction Protocol (SHARP) is a breakthrough technology that addresses…

Stock market today: On Friday, October 25, the Indian stock market experienced a significant decline. Both the Sensex and Nifty 50 benchmark indices fell by nearly 1% each, while the midcap and smallcap sectors fell by 2 points. %.The Sensex fell by 663 points or 0.83% to close at 79,402.29. Meanwhile, Nifty 50 fell by 219 points or 0.90% to end at 24,180.80. The BSE Midcap and Smallcap indices recorded a decline of 1.48% and 2.44% respectively.Also Read |This week’s key market triggers include Q2 results, FII outflows, F&O expiry, etc.Today’s Stock Market Trading GuideCommenting on today’s market outlook, Hrishikesh…

Tether CEO Paolo Ardoino recently revealed that the company holds large amounts of Bitcoin and gold as reserve assets for its USDT stablecoin. This revelation comes as Tether is also working on an AI software development kit (SDK). Tether’s USDT Bitcoin and Gold Reserve On October 26, UQUID CEO Tran Hung revealed details of Ardoino’s presentation at the recent Lugano Plan B event, stating that Tether currently holds 82,454 BTC and 42.3 tons of gold as part of its reserves. He pointed out that he was doing so. Ardoino acknowledged this in a subsequent post on X (formerly Twitter). “I…

Cover image (via www.freepik.com) Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. Financial and market information provided on U.Today is for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Please contact a financial professional and conduct your own research before making any investment decisions. Although we believe all content is accurate as of the date of publication, certain offers mentioned may not be currently available. Recently, an important technical event occurred in Bitcoin. It is a crossover between the 50-day and 100-day Exponential…

October 2024 reminds us of the market turmoil caused by the coronavirus pandemic. The Nifty 50 index, the benchmark Indian stock market, suffered its biggest decline since the March 2020 crash. The Nifty 50 index has fallen 6.32% so far in October. In just 19 trading sessions, it has fallen 8% from its all-time high of 26,277.35 hit on September 27th.This recent decline has resulted in 35 index constituents trading between 10% and 39% below their most recent one-year highs, according to Trendlin data.The reason behind the crash is obvious. Massive selling by foreign portfolio investors (FPIs) due to soaring…

What if the next big opportunity for huge profits was already within reach, waiting for smart investors to grab it before it spilled over into the wider market? That’s exactly what cryptocurrencies are. These are the benefits that pre-sales offer. Cryptocurrency presales offer investors the opportunity to get in on the ground level ahead of the broader market, ultimately reaping maximum profits once the value of the cryptocurrency skyrockets.However, only a select few may have access to this information, and it can be difficult to participate in the right cryptocurrency presales at the best time. Interestingly, the ongoing WallitIQ (WLTQ)…

Blockchain has emerged as a promising technology that can actively contribute to improving the sustainability of urban areas. Earth.Org takes a closer look at some of the ways blockchain can play a viable role in the development of smart cities and how it can help build a more sustainable urban future . — Today, the world’s rapidly growing and expanding cities face major challenges such as pollution, resource depletion, and ineffective waste management. The United Nations estimates that by 2050, almost 68% of the world’s population will live in urban areas. In response to this, new ideas are emerging…

A widely followed crypto strategist believes that decentralized oracles running on Ethereum (ETH) are gearing up for a major market reversal. Analyst Michael van de Poppe told his 733,600 followers on social media platform X that he has a bullish view on Chainlink (LINK). Van de Poppe predicts that LINK’s immediate resistance will break once the altcoin starts moving higher again. “We believe LINK will break out within the next week or two. Another test at $13 will trigger –> Next is $18. ” Source: Michael van de Poppe/X As of this writing, LINK is trading at $10.96. Focusing on…

(Bloomberg) – The yen fell to a three-month low on Monday and futures markets pointed to a decline in Japanese stocks, after the Liberal Democratic Party and its coalition partners suffered a blow in a snap election. Most Read Articles on Bloomberg The currency fell by as much as 0.6% against the dollar, after a fourth straight week of declines. This has once again raised the risk that the authorities will intervene in the market again to protect the yen. While a weaker currency typically supports Japanese stocks, investors are worried that political stability could call Prime Minister Shigeru Ishiba’s…

Bitcoin exchange store in Tel Aviv, Israel, December 30, 2022. (Photo by Beata Zawrzel/NurPhoto via … (+) Getty Images)NurPhoto (from Getty Images) In recent years, there has been a growing body of research from central banks and financial institutions focusing on Bitcoin and its potential impact on monetary policy. These studies, published by organizations such as the Minneapolis Federal Reserve, the European Central Bank (ECB), and the International Monetary Fund (IMF), show that the disruptive nature of Bitcoin and other cryptocurrencies could limit the ability of central banks. It highlights the important theme of gender. Because it fulfills its traditional…