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Blockstream Completes $210 Million Convertible Note Financing Round
15.10.2024
Blockstream, a bitcoin infrastructure firm, announced on Tuesday the successful closure of a $210 million convertible note financing round, led by the investment firm Fulgur Ventures. According to the firm, the funds will be directed toward accelerating the adoption and development...
Paxos debuts new stablecoin payment platform with Stripe
15.10.2024
Paxos’ goal is to support assets and chains based on customers’ interests and its own end-user preferences, the company said
Andre Cronje critiques appchains: High costs and liquidity challenges
13.10.2024
While Cronje highlights concerns about L2 appchains, others argue that emerging solutions can address these challenges
JPMorgan CEO Jamie Dimon Warns of ‘Treacherous’ Global Tensions — and It’s Getting Worse
13.10.2024
JPMorgan Chase CEO Jamie Dimon sounded the alarm on mounting global instability, warning it could spark far-reaching economic disruptions. The executive stressed the toll of geopolitical tensions and the looming risks of fiscal deficits and remilitarization. With uncertainty escalating, Dimon urged...
Cleanspark Sets Ambitious New Hashrate Target After Reaching 30 EH/s
11.10.2024
Cleanspark, a publicly traded bitcoin mining company, announced this week that it has reached an operational hashrate of 30 exahash per second (EH/s). The company expects to surpass 37 EH/s by the end of 2024 and aims for further growth to 50 EH/s in 2025. Cleanspark Now Operates 30 EH/s...
BRICS Nations to Expand Use of National Currencies Through New Financial Platform
11.10.2024
Russian presidential aide Yury Ushakov announced new BRICS initiatives to increase the use of national currencies in trade, backed by financial infrastructure developments like a BRICS-wide platform and special clearing systems. This move aims to simplify transactions between member nations...
OpenAI may not turn a profit until 2029 despite rapid growth
10.10.2024
Despite growing revenues, OpenAI is expected to continue operating at a loss until 2029, as the cost of scaling advanced AI models remains steep
OpenAI may not turn a profit until 2029 despite rapid growth
10.10.2024
Despite increasing revenue, OpenAI is expected to continue operating at a loss until 2029, as the cost of scaling advanced AI models remains steep
Palau introduces blockchain savings bonds with Soramitsu
8.10.2024
Palau Invest savings bonds will raise money for local infrastructure and provide a new means of saving
Bitcoin Is Digital Oil Well Fueling Rural Texas Economic Revival, Mayor Says
8.10.2024
Mayor Ward Roddam of Rockdale, Texas, sees bitcoin mining as the key to his town’s resurgence after the devastating closure of its largest employer, Alcoa. Comparing it to Texas’ oil boom, Roddam highlights how this modern technology is creating jobs, boosting revenue, and funding...
Bitcoin Miner Terawulf Offloads 25% Stake in Equity to Bolster AI and HPC Operations
4.10.2024
Bitcoin miner Terawulf Inc. has completed the sale of its 25% stake in the Nautilus Cryptomine joint venture for approximately $92 million. The company said this week that it intends to use the proceeds to expand its high-performance computing (HPC) and artificial intelligence (AI) infrastructure...
Web3 Infrastructure: The Building Blocks of Decentralized Internet
2.10.2024
The evolution of the internet has transitioned through multiple phases, from Web1, characterized by static pages, to Web2, where interactivity […]
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DeFi resurgence driven by Fed cuts, China, key protocols
1.10.2024
An Apollo Crypto report links DeFi resurgence to US Federal Reserve rate cuts, China’s credit expansion and improved DeFi infrastructure
Decentralized physical infrastructure network (DePIN), explained
1.10.2024
Discover how DePINs work: DePINs allow the sharing of physical resources like data storage and connectivity without intermediaries
How China’s Economic Slowdown Will Transform Global Trade, Expert Insights
23.9.2024
China’s slowing economy is poised to redefine its global trade relationships, particularly with the Global South. Assistant professor Ning Leng of Georgetown University’s McCourt School of Public Policy discussed how these internal economic challenges might prompt China to boost investments...
Computer Scientist: China’s Crypto Crackdown Spurred Decentralization of Asia’s Web3 Infrastructure
21.9.2024
Sangmin Seo, chairman of the Kaia DLT Foundation, asserts that China’s crackdown on the crypto industry, which led to its loss of dominance in bitcoin mining, has resulted in the decentralization of Asia’s crypto infrastructure. He adds that the rapid development of the Asian market...
Cathedra Bitcoin Announces Non-Brokered LIFE Offering to Purchase BTC
20.9.2024
Cathedra Bitcoin Inc. has unveiled a non-brokered private placement aimed at raising up to C$2.5 million ($1.85 million). The funds will be used for bitcoin purchases, infrastructure expansion, and general corporate needs. Cathedra Bitcoin’s Bold Private Raise Cathedra (TSX-V: CBIT; OTC: CBTTF)...
860 Terahash — Hut 8 and Bitmain Partner to Launch New Direct Liquid-to-Chip ASIC Miner
19.9.2024
Hut 8 Corp. has announced an expanded partnership with Bitmain Technologies, unveiling the U3S21EXPH, a next-generation ASIC miner. The launch represents a significant milestone, with plans for deployment in Q2 2025 and a potential transition to self-mining through a purchase option. Hut 8...
Blockchain adoption in Asia Pacific will expand into SMEs — Blockdaemon
19.9.2024
Blockdaemon executive Andrew Vranjes said that tax regulations and the lack of uniform regulations across jurisdictions hold back institutions from adopting blockchain.
Multicoin Led $10M Raise for Crypto-Incentivized Internet Infrastructure Network Pipe
16.9.2024
Pipe is planning to launch a testnet at the Breakpoint conference in Singapore