Yearn Merges With Cover, DeFi Protocol’s 4th Deal in a Week

AI has an insatiable appetite for resources. It consumes vast amounts of power and data, with estimates of 460 terawatt hours in 2022 that are projected to increase sharply by 2026 to somewhere between 620 and 1,050 TWh. But, its most voracious demand is for compute: the processing power that fuels the training of complex

Bakkt, a crypto platform introduced amid great fanfare in 2018 by the owner of the New York Stock Exchange, warned Wednesday that it might not be able to stay in business."We might not be able to continue as a going concern," the company said in a document filed with the U.S. Securities and Exchange Commission.

May 22, 2020 at 16:00 UTCPhoto by Evelyn on UnsplashBlockchain Bites: Iran and Russia Revisit Crypto Regulations, Bitcoin Pizza Day 10 Years LaterNews 'Diet'Laszlo Hanyecz has the honor of conducting the first commercial Bitcoin transaction: trading 10,000 bitcoin for about $30 worth of pizza. Ten years later, those bitcoin would be worth $91 million. He…

Featured SpeakerBowTiedBullPresidentBowTied JungleThe pseudonymous investor BowtiedBull explores the BowtiedJungle, where citizens swap advice on investing, job-seeking, ...Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.Featured SpeakerBowTiedBullPresidentBowTied JungleThe pseudonymous investor BowtiedBull explores the BowtiedJungle, where citizens swap advice on investing, job-seeking, ...Blockchain-based crypto lending…

news Finland-based LocalBitcoins, a peer-to-peer bitcoin trading portal, says it has suffered a hack that affected a small number of users. The firm posted an update on Reddit on Saturday saying that it detected the security breach at around 10:00 UTC the same day, “which was related to a feature powered by a third party software.”…

news Brooklyn-based startup Kadena will launch a public blockchain this October, the company announced Monday at CoinDesk’s Consensus 2019 conference in New York. Founded in 2016, Kadena raised over $14 million last year to develop a new proof-of-work (PoW) blockchain network called Chainweb that would seek to offer users high transaction volumes without slowing down…

Aug 12, 2020 at 11:04 UTCMoscow, Russia (Viacheslav Lopatin/Shutterstock)The Russian agency charged with collecting data to counter financial crimes has proposed building its own software to track cryptocurrency transactions and link them to users. Rosfinmonitoring, which has the power to block bank accounts within the nation, is seeking to effectively remove some of the anonymity…

‘S HERTOGENBOSCH, the Netherlands – Tornado Cash developer Alexey Pertsev will be allowed to cross-question blockchain analytics company Chainalysis as he seeks to clear his name of money laundering charges, a Dutch court ruled on Wednesday.Pertsev was arrested and detained on the orders of Dutch financial crime enforcers FIOD in August of last year, just…

Dec 11, 2020 at 5:01 p.m. UTCVirgil Griffith speaks at Consensus: Singapore 2018(CoinDesk archives)Blockchain Bites: Bitcoin Whales Throwing Their Weight Around, Virgil Griffith’s RightsThere are more bitcoin “whales” than ever, and new data shows how they drive market movements. MassMutual is the latest legacy institution to buy into bitcoin. And the number of Ethereum developers…