Elon Musk’s xAI Colossus goes online — and it really is colossal
Elon Musk’s xAI launched Colossus, now the most powerful AI training system, setting a new benchmark in the AI race with a 100k H100 training cluster that will soon double in size.
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CME Will Not Introduce Altcoin Futures Anytime Soon, Says CEO
The Chicago Mercantile Exchange (CME) will not introduce futures on cryptocurrencies other than Bitcoin (BTC) in the near future, CME CEO Terry Duffy revealed in an interview with Bloomberg July 26. In the interview, Duffy said that the company should first evaluate and develop an approach for Bitcoin, stressing that Bitcoin futures “might have been…

Crypto and NFTs meet regulation as Turkey takes on the digital future
In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain.Turkey — the cradle of civilization — is quietly digitizing despite its high-inflation economy, and the lira’s volatility…

Be persistent with the SEC, says Franklin Templeton digital asset head
The SEC is safeguarding the economy, but Roger Bayston sees a change in tone at the regulator.

Societe Generale launches custodial services for crypto fund managers
The firm is also in the process of testing a digital euro together with the European Central Bank. 201 Total views 11 Total shares According to a new press release on Wednesday, Société Générale, one of the largest investment banks in Europe, said that it would be expanding its cryptocurrency asset management services through its…

Bitcoin Slips Under $9K but Don’t Panic Until This Price Level Breaks
In the past few hours, Bitcoin (BTC) price dropped 3.85%, losing $9,000 and pulling back to $8,835.The abrupt downside move occurred after Bitcoin price rallied to $9,188, slightly above the $9,150 target many traders had suggested the asset would reach before attempting a more decisive move toward $9,300.Crypto market daily price chart. Source: Coin360Traders had…

Bored Ape prices are down, but the NFT market is headed for new heights
There is no denying that nonfungible tokens (NFTs) have taken a hit in recent months. Market conditions have plunged, scams and hacks are frequent, and there is an increasing number of low-quality projects, pushing many to question the value of NFTs and their place in Web3 altogether. Over the last crypto cycle, NFT market conditions have…

Picking winners in the next cycle — Wyoming Blockchain Symposium VC panel
Crypto startup companies attracted $2.7 billion in venture capital funding during the second quarter of 2024.

Chinese Crypto Investor to Develop Stablecoin Within Hong Kong-Based Blockchain Fund
Chinese crypto investor Li Xiaolai will lead a stablecoin project within Hong Kong-based blockchain fund Grandshores Technology, according to an official document issued on Monday, Dec. 3.China’s Bitcoin (BTC) “tycoon” Li Xiaolai has been also appointed as an executive director and co-chief executive officer of Grandshores Technology starting from Monday, Dec. 3.Within the new position…