Core Scientific to host more CoreWeave infrastructure, targets $8.7B revenue
CoreWeave has exercised its final option agreement with Core Scientific, adding 120 MW of critical IT infrastructure to power Nvidia GPU operations.
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FTX leadership pressed for information by US subcommittee chairman
A letter by the chair of the Subcommittee on Economic and Consumer Policy demanded the former and current FTX CEOs turn over details of the exchange’s past and current financials. 164 Total views 3 Total shares The former and current CEOs of the bankrupt FTX cryptocurrency exchange have been pressed by the chair of a…
FIFA launches NFT collection amid 2023 World Cup
FIFA NFTs, powered on Algorand, have totaled only $2.4 million in trading volume since their inception last September. Fédération Internationale de Football Association (FIFA), the international body governing international competitions of soccer, will launch its own nonfungible tokens (NFT) collection ahead of the 2023 Club World Cup in Saudi Arabia.According to the December 11 announcement
Rogue Pepecoin team members blamed for $16M PEPE multsig withdrawal
In an announcement to the PEPE community, it was claimed that three former members stole funds from the project and then handed over full control to the sole remaining member. 90 Total views 30 Total shares The circumstances behind the mysterious $16 million withdrawal from the Pepecoin (PEPE) project’s multisig wallet have seemingly been revealed,…
Institutional crypto platform Wootrade raises $10M in investment round
Institutional trading platform Wootrade has raised $10 million in a private fundraising round that will be used to expand its team and launch leveraged trading products. Wootrade, a Taiwan-based liquidity provider platform and crypto asset exchange aimed at institutions, has concluded a $10 million private investment round led by Dragonfly Capital. Investors in the round include…
Telegram Vs. Facebook: The Ultimate Showdown for Crypto Supremacy
Last month, Facebook rocked the world with its blockbuster Libra announcement. Even a year ago, the idea that an iconic United States company would launch a digital currency or that a sitting president would tweet about it seemed insane. Welcome to the new normal.The Libra announcement sent politicians scrambling, hit the mainstream media like a hurricane, and left…
DAO gets legal recognition in the US as Utah DAO Act passes
The Utah State Legislature passed the Utah DAO Act, granting DAOs legal recognition and limited liability protections. 188 Total views 31 Total shares Own this piece of history Collect this article as an NFTThe Utah State Legislature passed Act HB 357, the Utah Decentralized Autonomous Organizations Act (Utah DAO Act).This new law provides legal recognition…
Crypto tax startup TaxBit raises $130M in funding round, now valued at $1.3B
The company said some of the funds would be used to open new offices in the United States and the United Kingdom. 37 Total views 11 Total shares Already classified as a unicorn startup, United States-based cryptocurrency tax software developer TaxBit now has a valuation of more than $1.3 billion after a recent funding round.According…
Iranian Authorities Have Issued 1,000 Licenses for Cryptocurrency Mining
Iran’s Ministry of Industries, Mining and Trade has issued over 1,000 cryptocurrency mining licenses to domestic operations.According to a report published on Jan. 24 by Iran’s Banking and Economic System Reference Media (IBENA), a member of the Information and Communications Technology (ICT) Guild Organization’s blockchain commission, Amir Hossein Saeedi Nai, informed the public of the…