Mining
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Month: August 2024
Bitcoin
Mt. Gox Bitcoin Distribution Nears Its End Following $2 Billion Move, How Much Is Left?
Defunct Japanese-based Bitcoin exchange, Mt. Gox, has executed another massive BTC transfer, moving over $2 billion worth of BTC to crypto wallet addresses. The exchange’s repayment plan is nearing its end, experiencing a significant reduction in its […]
AI News
Google’s Gemini 1.5 Pro dethrones GPT-4o
Google’s experimental Gemini 1.5 Pro model has surpassed OpenAI’s GPT-4o in generative AI benchmarks. For the past year, OpenAI’s GPT-4o and Anthropic’s Claude-3 have dominated the landscape. However, the latest version of Gemini 1.5 Pro […]
Altcoin
OKX Founder Raises Red Flags
Star Xu, the founder of the major crypto exchange OKX, raises alarms about the frequent sell-offs of newly listed altcoins. Specifically, he points to the drastic decline of the Aevo token, which fell from a […]
Mining
Bitcoin miner CleanSpark increased BTC treasury by 567% since 2023
US Public Bitcoin miner CleanSpark has released its unaudited Bitcoin mining and operations update for July 2024. It reports mining 494 BTC during the month and a 567% increase in its Bitcoin treasury compared to […]
Technology
Chainlink Debuts Digital Assets Sandbox for Financial Institutions
Today, Chainlink, a decentralized blockchain oracle network built on Ethereum, has unveiled its new Digital Assets Sandbox (DAS). This transformative platform accelerates digital asset innovation within the financial sector. It provides financial institutions with a […]
Business
SEC withdraws claims that ADA, MATIC, and SOL are securities in its Binance lawsuit
SEC retracts request to classify ADA, MATIC, and SOL as securities in Binance suit. Affected tokens include ADA, MATIC, SOL, BNB, BUSD, and others. The shift in SEC’s stance follows increased pro-crypto political support in […]
Market Analysis
Top Microsoft Engineer Predicts Blockchain Vertical Upscale: Which Industries Might Lead the Charge?
Chris Li predicts blockchain will shift from horizontal to vertical scaling soon. Vertical scaling could enhance efficiency in online casinos and improve user experience. Advanced solutions like atomic swaps may replace wrapped assets, preserving decentralisation. […]
Business
Coinbase reports $1.4 billion Q2 revenue, beating estimates despite lower profits
Photo by PiggyBank on Unsplash. Key Takeaways Coinbase’s Q2 revenue increased to $1.45 billion despite a profit decline. Solana transactions accounted for 10% of Coinbase’s transaction revenues in Q2. Share this article US-based crypto exchange […]
Bitcoin
Bitcoin volatility climbs, geopolitical tension rises
Bitcoin (BTC) volatility is at multi-month highs, with the price action whiplashing futures traders on both sides, long and short alike. It comes amid geopolitical tension, which inspires an increase in safe-haven demand. TradFi and […]
