Firm building decentralized supercomputer attracts 1.5M nodes during testnet

The company has raised $1.525 billion in funding since its inception last year. On June 29, Palo Alto-based Inflection AI announced the completion of a $1.3 billion raise led by Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt and Nvidia. The new capital will be partly allocated to building a 22,000-unit Nvidia H100 Tensor GPU cluster,…

Police in China have reportedly gathered evidence of people laying cables via fish ponds to steal oil well power to fuel their bitcoin (BTC) mining. The news was reported by daily Chinese tabloid The Global Times on June 13.The Global Times is published under the auspices of state-backed newspaper group The People’s Daily.The report outlines…

The attacker launched a public poll on Mirror’s official website, which falsely proposes a freeze on the community pool in case of a scam. If executed as planned, the attacker would receive 25 million MIR tokens. 805 Total views 32 Total shares Public blockchain network Terra has confirmed an ongoing scam attack via an official…

Binance branded stablecoin, Binance USD (BUSD), is a dollar-backed stablecoin issued by blockchain infrastructure platform Paxos Trust Company, and is the third largest stablecoin after Tether’s (USDT) and Circle’s USD Coin (USDC).Paxos has claimed in the past that BUSD is fully backed by reserves held in either fiat cash or United States Treasury bills. BUSD…

Ethereum-based tokenized real estate platform hits ATH after turning to crypto following a permanent ban by PayPal. U.S. tokenized real estate platform RealT hit record highs in sales and new users after it turned to crypto-only transactions, following a ban by payments platform Paypal in April.The Ethereum-based startup tokenizes and sells U.S. property, allowing users…

New York-based crypto custody startup Casa has released Casa Node 2, a new iteration of the industry’s popular pre-synced Bitcoin (BTC) full node product.Original Casa Node did a great job, the firm saysAccording to an Oct. 8 blog post, Casa Node 2 offers a faster and smoother Bitcoin and Lightning experience by deploying a faster…

If Western sanctions ramp up, CEXs may be forced to ban all Russian users from using their services, as they have previous done in Iran. 581 Total views 26 Total shares Centralized exchanges (CEX) and CEOs from companies such as Binance, Coinbase and Kraken have all stated they would only freeze the assets of Russian clients…

Proceedings from yesterday’s hack of cryptocurrency exchange Binance have been moved to seven addresses, crypto news outlet The Block reports on May 9.The breach resulted in about 7,074 bitcoins (BTC) — worth nearly $42.8 million at press time — being stolen from the exchange’s hot wallet. The transaction had 44 outputs, 21 of which were…