Category Archive: Cryptocurrency, No picture
Hut 8 completes pivot to AI market with GPU-as-a-Service launch
Key Takeaways Hut 8 Corp. deployed 1,000 NVIDIA H100 GPUs for its new GPU-as-a-service vertical. The company’s compute layer now includes AI compute, Bitcoin mining, and cloud services. Share this article Bitcoin (BTC) mining firm Hut 8 has initiated its GPU-as-a-service vertical, generating revenue from an AI cloud developer’s inaugural GPU cluster. The cluster in […]
Curve Finance considers dropping TrueUSD from crvUSD collateral
Key Takeaways Curve Finance’s proposal could end TrueUSD’s role as crvUSD collateral. The proposal suggests Curve Finance’s move is aimed at reducing crvUSD’s exposure to potentially risky assets. Share this article A new proposal for Curve Finance suggests removing TrueUSD (TUSD) as collateral for its stablecoin, crvUSD, due to concerns over TUSD’s stability and regulatory […]
US Bitcoin ETFs secure 5-day inflow streak as BlackRock rakes in $184 million
Key Takeaways BlackRock’s iShares Bitcoin Trust led with $184 million in inflows. Total net inflows for US Bitcoin ETFs have reached $246 million so far this week. Share this article US-listed spot Bitcoin exchange-traded funds (ETFs) have notched their fifth consecutive day of positive performance, collectively taking in approximately $106 million on Wednesday. BlackRock’s iShares […]
Harris vows to keep US ‘dominant’ in blockchain and AI technologies
Key Takeaways Kamala Harris advocates for US leadership in blockchain to shape the future economy. Harris’s economic plan includes a strong emphasis on digital assets and AI. Share this article Vice President Kamala Harris pledged that under her leadership, the United States would “recommit” to global dominance in emerging technologies such as blockchain, AI, and […]
OpenAI to remove nonprofit control as CEO Sam Altman gains first equity stake
Key Takeaways OpenAI is restructuring from a nonprofit to a for-profit benefit corporation. CEO Sam Altman to receive equity in the newly structured OpenAI. Share this article OpenAI, is planning a significant restructuring that will see its nonprofit board relinquish control over its for-profit business, according to Reuters. The restructuring would transform OpenAI into a […]
OpenAI CTO Mira Murati exits after pivotal role in AI development
Key Takeaways Mira Murati has been a key figure in developing OpenAI’s flagship products like ChatGPT. Murati’s departure is announced just before OpenAI’s major annual developer conference. Share this article OpenAI’s Chief Technology Officer Mira Murati has announced her decision to leave the artificial intelligence company after six and a half years. I shared the […]
PayPal enables business accounts to buy, hold, and sell crypto
Key Takeaways PayPal has enabled cryptocurrency transactions for US business accounts. PYUSD, PayPal’s stablecoin, is now available on the Solana blockchain. Share this article PayPal, announced today that US merchants can now buy, hold, and sell crypto assets directly from their PayPal business accounts. “Business owners have increasingly expressed a desire for the same cryptocurrency […]
Do Kwon’s extradition used as pressure in Montenegro-South Korea airport negotiations, claims former justice minister
Key Takeaways Montenegro’s PM allegedly used Do Kwon’s extradition as leverage in an airport deal. Prime Minister linked to Do Kwon through a $75,000 investment in Terra/Luna tokens. Share this article Montenegro’s Prime Minister Milojko Spajić is accused of using Do Kwon’s extradition as leverage in a 30-year airport concession deal with South Korea, according […]
Solana could hit 50% of Ethereum’s market value, predicts VanEck
Key Takeaways Solana’s transaction efficiency far surpasses Ethereum, offering a 3000% increase in processing speed and drastically lower fees. VanEck’s analysis suggests a significant market cap rise for Solana, potentially reaching 50% of Ethereum’s valuation. Share this article Solana’s technological prowess could propel its market cap to reach half of Ethereum, according to a recent […]
Binance launches Pre-Market trading for early token access
Key Takeaways Binance’s pre-market trading allows buying and selling before official listings. The service includes a strict vetting process for token security. Share this article Binance has launched its Pre-Market trading service today, allowing users to buy and sell tokens before their official spot listing. This service provides users with early access to new tokens, […]
