Elon Musk reportedly building ‘Gigafactory of Compute’ for AI

Revolut secured a UK banking license after a three-year regulatory process, marking a significant milestone in its expansion and solidifying its position in the home market.

If it's a taxable event, authorities want to know. 665 Total views 15 Total shares New Zealand businesses must now submit information on their clients' digit asset usage to the country's tax regulator, the Inland Revenue Department, or IRD. The governing body said it wants to get a better grasp on the crypto scene in the country…

Chief technology officer at major United States-based cryptocurrency exchange Coinbase, Balaji Srinivasan, announced his departure from the company on Twitter on May 3.In his tweet, Srinivasan said that he had enjoyed his time at the exchange and that he will now take time off “to get back in shape — and up to speed on…

Scammers have found a new way to make crypto by luring users into revoking fake approval transactions. Approval management platform Revoke has issued a fix aimed at mitigating a new crypto scam, which involves baiting crypto users into revoking “fake approvals” and then stinging them with excessively high transaction fees. On July 9, Revoke.cash stated that…

The Bitcoin (BTC) futures' premium has reached its highest level in 18 months on July 4. But traders are now questioning whether the derivatives metrics indicate "excessive excitement" or a "return to the mean" after a prolonged bear market.BTC price gains capped by regulators, macroeconomicsBitcoin's price has been trading in a narrow 4.4% range since June…

Despite hopes that a peak of the coronavirus cases is near, the pandemic continues to impact almost every aspect of daily life, becoming a rolling news ticker in itself. When such a disaster strikes, it can be easy to go through each day devouring the latest news as it occurs and digesting each piece as…

The Bank for International Settlements (BIS) has appointed heads at the BIS Innovation Hub’s centers in Singapore and Switzerland.In a Feb. 19 announcement, the BIS revealed that Andrew McCormack — who currently serves as chief information officer at payment clearing and settlement firm Payments Canada — will now be the head of the BIS Innovation…

The company stated its goal is to enable access to Bitcoin financial services for everyday individuals. 647 Total views 27 Total shares On Tuesday, New York Digital Investment Group, or NYDIG, a financial institution specializing in Bitcoin financial services such as savings accounts, trading brokerages, 401(k)s, etc., announced it had secured a $1 billion equity…