Decentralization democratizes access to AI computing — Theta Labs exec
Theta Labs head of strategy Wes Levitt says the decentralized cloud is more cost-effective and offers greater flexibility and reliability for AI solutions.
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Hive Digital clocks $29.2M in Q3 revenue as Bitcoin hodl position surges
The Bitcoin miner ended its fiscal third quarter with $270.7 million in cash and crypto holdings, according to CFO Darcy Daubaras.

Auditors reveal USDC backing as Jim Cramer sounds alarm over Tether’s mad money
Auditors working for Circle have disclosed the reserves backing the firm’s USDC stablecoin, while Mad Money’s Jim Cramer has questioned Tether’s lack of transparency with its USDT reserves. Multi-national tax advisory firm Grant Horton conducted the audit, and a reserve attestation report was published on July 20 which showed that 61% of USDC’s reserves were…

Trump expands crypto footprint, gives memecoin utility for merch purchases
President Trump is further integrating crypto into his business empire, allowing holders of his official memecoin TRUMP to purchase merchandise.

Bitcoin Hovers Over $10,300 as Top Altcoins See Mixed Movements
Saturday, Sept. 14 — The top 20 cryptocurrencies are reporting mixed movements on the day while Bitcoin’s (BTC) price hovers over the $10,300 mark by press time.Market visualization courtesy of Coin360The price of Bitcoin is currently up by 0.13% on the day, trading at around $10,313 at press time, according to Coin360. Looking at its…

Biden family memecoins tank 60% after Biden exits presidential race
Memecoins linked to Joe, Jill, and Hunter Biden tanked more than 60% while a memecoin tied to US Vice President Kamala Harris rallied 133% before cooling off.

Chip Making Giant TSMC Reports Significant Drop in Crypto Mining Revenue
Chip manufacturing giant Taiwan Semiconductor Manufacturing (TSMC) reported a sizeable drop in its crypto mining-related revenue in 2018. The news was revealed in the company’s Q4 2018 financial results, published Jan. 17, together with an earnings call transcript.TSMC has not disclosed specific data for its crypto mining business — including it instead within its high-performance…

2 auditors miss $27M Penpie flaw, Pythia’s ‘claim rewards’ bug: Crypto-Sec
Two smart contract auditors miss a Penpie bug that resulted in a $27M exploit, Pythia Finance attacker claims way too many rewards: Crypto-Sec

Cryptopia Exchange Liquidator Asks Its Devs How to Reimburse Users
Grant Thornton, the firm liquidating hacked New Zealand cryptocurrency exchange Cryptopia, has discussed how best to do so with the platform’s developers.Grant Thorton aims for “collaborative relationship”According to a leaked email from Grant Thornton originally dated Sept. 23, its executives planned to conduct an online meeting for the developers on Oct. 7. The email reads:“Given…