Bet more on the Bitcoin miners cashing in on AI
Supplying AI apps with computing power is a multibillion-dollar opportunity for Bitcoin miners.
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Tencent’s AI leviathan, $83M scam busted, China’s influencer ban: Asia Express
Tencent builds a LLM with over 2 trillion training parameters, $83 million crypto scam busted in South Korea, China cracks down on crypto KOLs, and more... by Zhiyuan Sun 5 min September 8, 2023 Share Tweet Share Share Our weekly roundup of news from East Asia curates the industry’s most important developments. $500B firm partners

What’s next for Bitcoin and the crypto market now that the Ethereum Merge is over?
The Ethereum Merge came and went, leaving investors to ponder what the next trending development in the market could look like. In a Cointelegraph Twitter Space with Capriole founder Charles Edwards, the analyst mentioned that excitement over the Ethereum Merge and its bullish price action had somewhat been holding up hope across the market. Now…

Michael Saylor’s Strategy buys Bitcoin dip with $1.9B purchase
Michael Saylor’s Strategy bought nearly $2 billion of Bitcoin, taking advantage of a recent price dip despite growing market concerns tied to US President Donald Trump’s upcoming tariff announcement. Strategy, formerly MicroStrategy, has acquired 22,048 Bitcoin (BTC) for $1.92 billion at an average price of approximately $86,969 per Bitcoin. The company now holds over 528,000

When will Bitcoin price rally end? Here is what’s backing the BTC bull run
Speculation about the duration of the current run is endless, with Bitcoin now a stable news item even in the mainstream press. But what’s keeping the BTC price up? Is it simply the relentless slew of good news, or are there on-chain indicators that can predict future price moves? Since retesting the $50,000 barrier in…

Keeping crypto cypherpunk protects users from censorship and corporatism — Gnosis VP
Sebastian Bürgel, vice president of technology at Gnosis and founder of Hopr, argues that hyperfinancialization and profit-seeking are a threat to privacy and the crypto sector.

Getting the story straight: Blockchain to curb fake news
With the United States Presidential Election set for next month, the concern over fake news has once again dominated public discourse. Fake news — the deliberate spreading of verifiably false information under the disguise of being an authentic news story — not only undermines the public’s confidence in the free press, it inflames social conflict,…

Pyth ploys DeFi lending overhaul with Morpho, Gauntlet partnership
Pyth Network teams up with Morpho and Gauntlet to enhance lending protocols on Ethereum and Base using low-latency price data.

XRP Is Not a Security, Argues US Congressman Tom Emmer
The asset still has no official distinction, however. On Aug. 20, Representative Tom Emmer (R-MN) held the first ever Cryptocurrency Town Hall, bringing together a number of leaders from the Blockchain space.Conducted in collaboration with the Chamber of Digital Commerce PAC, the event featured major crypto figures like Circle CEO Jeremy Allaire, Ripple CEO Brad…