Bitcoin miner Core Scientific will expand its high-performance computing (HPC) infrastructure by 112 megawatts (MW) to a total of 382 MW to host CoreWeave’s NVIDIA graphics processing units (GPUs), according to an Aug. 6 statement. The company stated that this deal will add $2 billion in revenue over 12 years, on top of the $4.7 …
Continue reading “Core Scientific’s shares soar 18% after additional $2 billion CoreWeave agreement”
The odds of an economic recession are increasing, and this might lead Bitcoin (BTC) to different outcomes, according to industry experts. Aurelie Barthere, Principal Research Analyst at Nansen, believes the chances of a recession in the second half are higher than the historical average. She told CryptoSlate: “I believe there is a 40% probability for …
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MicroStrategy executive chairman Michael Saylor strongly endorsed the idea of a strategic Bitcoin reserve during a CNBC interview, framing it as a transformative step for nation-states, corporations, and individuals alike. The reaffirmation comes as Bitcoin rebounds by over 5% after a significant downturn, bolstering the confidence of crypto enthusiasts and investors. The flagship crypto was …
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Despite a severe market downturn, the world keeps turning, the show must go on, and I must still attend the Asian Blockchain Summit (ABS). It’s been quite interesting so far. Crypto Market Turmoil Doesn’t Extinguish Enthusiasm at ABS As I flew to Taipei to attend the Asia Blockchain Summit (ABS), traditional markets and the crypto …
Continue reading “Asia Blockchain Summit 2024 Day One: Initial Thoughts”
On Tuesday, following a sharp downturn the day before, the top five U.S. benchmark indices made a recovery. However, Airbnb, the prominent vacation rental company, reported that it does not foresee a strong third quarter due to a slowdown in demand, driven by ongoing economic concerns. Meanwhile, Danielle DiMartino Booth, a former advisor at the …
Coinshares, a leading European digital asset investment firm, reported strong financial performance in the second quarter of 2024, highlighted by a significant increase in revenue and adjusted EBITDA. The company also navigated market challenges, including the impairment of its Flowbank investment, while achieving a profitable sale of its FTX claim. Coinshares Reports 133% EBITDA Growth …
Continue reading “Digital Asset Manager Coinshares Reports Strong Q2 2024 Earnings “
Over the past 12 days, the stablecoin economy has maintained a similar value, yet the supply of dollar-pegged crypto assets PYUSD and USDE has experienced notable shifts. Over the last 22 days, Paypal’s PYUSD supply increased by more than 70%, while Ethena’s USDE saw an 8.82% decrease within the past 13 days. Ethena’s USDE Drops …
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Popular bug bounty platform Immunefi has found that the global cryptocurrency ecosystem suffered increased hacks and frauds in the second quarter of 2024, losing $572.7 million. According to a recent report, this is a 112% increase compared to the same period last year. Immunefi noted that the two largest exploits of the year were responsible …
Continue reading “Immunefi Report Reveals Alarming 112% Rise in Crypto Hacks and Frauds in Q2 2024”
Genesis Digital Assets Limited (GDA) has embarked on a new project in Norsjö, Sweden, utilizing surplus heat from one of its bitcoin mining data centers to warm a local garage. This collaboration with Swedish company Muttern Fastigheter showcases an innovative approach to enhancing energy efficiency within the industry. GDA and Muttern Fastigheter Collaborate on Sustainable …
Continue reading “Bitcoin Miner Genesis Digital Assets Launches Heat Repurposing Project in Sweden”
On Aug. 5, 2024, global crypto trade volume surpassed $200 billion, and current 24-hour statistics show approximately $148.26 billion in volume has been finalized the following day. Data reveals that Binance, the leading crypto exchange by trading volume, experienced inflows of $1.2 billion over the past day. Binance CEO Richard Teng noted that this “marks …
Continue reading “Crypto Market Volatility Fuels $1.2B Inflows at Binance”
The organization was apparently formed the same day Kamala Harris announced her running mate, Minnesota Governor Tim Walz.
Exchanges are still waiting on permission to list options on spot Bitcoin ETFs, too.
Senators Catherine Cortez Masto (D-Nevada), Chuck Grassley (R-Iowa) and Amy Klobuchar (D-Minnesota) have introduced bipartisan legislation seeking to strengthen the US Secret Service’s authority in investigating crypto-related criminal activities. According to a joint press release, the Combating Money Laundering in Cyber Crime Act aims to update the existing laws with a view of authorizing the …
Continue reading “US Secret Service To Bust More Crypto Crimes if New Proposed Bill Goes Through”
MicroStrategy founder and executive chairman Michael Saylor says that younger voters are growing tired of traditional finance and finding Bitcoin (BTC) more attractive. In a new interview on CNBC, the BTC firebrand says that millennials, people born from 1981 to 1996, are starting to feel that Bitcoin offers many more benefits than traditional finance, including …
Democratic Congressman Ro Khanna reportedly wants to host a meeting to help Vice President Kamala Harris’ campaign mend fences with the crypto industry. Khanna, one of the Democratic caucus’s most vocally pro-crypto members, attempted to schedule a Monday Zoom meeting between Harris’ team and industry stakeholders, though that meeting was delayed until later in the …
