Load variability is key to AI energy infrastructure — TeraWulf CTO
United States lawmakers believe Building energy infrastructure for Bitcoin mining, AI, and high-performance computing is a major priority.
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Drafted “Keep Big Tech out of Finance” Act Surfaces Days Before Libra Hearings
A drafted bill entitled “Keep Big Tech out of Finance” has surfaced online, allegedly deriving from within the United States House of Representatives Financial Services Committee. The document’s metadata dates it July 12.The bill’s provenance is unconfirmed, but crypto news site The Block quotes an inside source as saying it is with the Financial Services…
Bitcoin Fares Well Against Fiat Currencies, but It’s in a Class of Its Own
Gone are the days of dusty ledgers and checkbooks. Over the last decade or so, the word “money” has taken on a completely new meaning for a lot of people all over the world. This is partly due to the masses being utterly frustrated with the way many big banks handle their business transactions.In fact,…
Blockchain and crypto will challenge current finance, Nigeria VP says
Yemi Osinbajo sees potential for crypto and blockchain. 1043 Total views 8 Total shares Nigeria’s vice president, Yemi Osinbajo, delivered a speech at an economic summit on Friday in which he spoke positively of crypto and blockchain. “There is no question that blockchain technology generally, and cryptocurrencies in particular, will in the coming years, challenge traditional…
US Stimulus Package Might Cause ‘Modest’ Improvement to Bitcoin Market
The $2 trillion economic stimulus package the United States Congress passed on March 26 might not cause the Bitcoin (BTC) market to skyrocket just yet, but investors could see modest, gradual improvements starting in 2020.Wayne Chen, CEO of Interlapse and founder of virtual currency platform Coincurve, spoke to Cointelegraph on Wednesday regarding the outlook of…
DeFi Protocol Balancer Hacked Through Exploit It Seemingly Knew About
The Balancer automated market maker protocol has been hacked for over $500,000 in a single Ether (ETH) transaction, facilitated once again by a dYdX flash loan.As analyzed by the 1inch.exchange team a few hours after the incident, a carefully crafted transaction taking more than 8 million gas, or about two thirds of an Ethereum block,…
Bitcoin network’s carbon emission jumped 17% after China ban: Report
The research report blamed the increase of Bitcoin's carbon footprint on the China mining ban and claimed Chinese miners were more renewable energy focused. 357 Total views 18 Total shares Bitcoin network’s proof-of-work mining consensus has been a topic of evironmental, social and governance (ESG) debates for a long time and a new study may…
FTX CEO hints Nishad Singh should remain free to assist bankruptcy case
John Ray, who took over as FTX CEO in November 2022, suggested Nishad Singh’s cooperation in the firm’s bankruptcy would be “important to maximize recovery” for creditors.
Traditional firms likely won’t be leading the charge in the next generation of Web3 games — WAX CEO
“I actually think the first big games that have multimillion persistent users daily — those will come from new startup studios,” said William Quigley. 179 Total views 4 Total shares Traditional ideas about gaming, coming from both the firms developing the games and the players themselves, could slow down adoption of Web3 games, according to…