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Top Indian Banker Says US Dollar Has ‘Disproportionate Power’ as Reserve Currency; Retracts ‘Biggest Financial Terrorist’ Remark
1.5.2023
Uday Kotak, the CEO of Kotak Mahindra Bank, a financial institution based in India, recently expressed his view on the dominance of the U.S. dollar in global financial markets. Kotak stated that the U.S. dollar has “disproportionate power” as a reserve currency, retracting his previous...
Lord of the Rings Fanfic Writer Sues Amazon, Tolkien Estate For $250M
21.4.2023
Some guy is currently suing Tolkien and Amazon to the tune of $250 million. That alone takes serious bravery. But what’s notable about this lawsuit is the reason he’s suing: Copyright infringement over his Lord of the Rings fanfic. Specifically, he’s arguing that Amazon lifted elements of...
Terawulf Energizes 50 MW at Nuclear-Powered Bitcoin Mining Facility Nautilus
21.4.2023
Bitcoin mining company Terawulf has announced the full deployment of its 50-megawatt (MW) stake in the nuclear-powered Nautilus Cryptomine facility. The behind-the-meter bitcoin mining facility is powered by 100% nuclear power and benefits from a fixed power cost of $0.02 per kilowatt-hour (kWh)...
SAI․TECH’s SAITIME 2023 Will Unveil Revolutionary Products for Mining and Computing Industry
20.4.2023
PRESS RELEASE. SINGAPORE – SAI.TECH Global Corporation, a clean-tech company specializing in Bitcoin mining, heating, and power industry, hosted its virtual corporate annual conference, SAITIME 2023 on April 20th at 08:30 EST. The virtual conference was hosted by founder & CEO Arthur...
Microsoft is developing its own AI chip to power ChatGPT: Report
18.4.2023
The software giant is reportedly developing its own machine learning chips to power AI projects for OpenAI and its own internal teams
Huge Avengers: Infinity War Deleted Scene Would Have Shown Thanos Getting The First Gem
17.4.2023
Avengers: Infinity War almost started with a 45-minute invasion of Xandar showing Thanos retrieving the Power Stone, according to the characters’ creator, Jim Starlin. It probably would have been epic, but Marvel apparently ultimately scrapped footage for the ambitious prologue to save money...
Gridless Is Extending Power to Rural Africa
17.4.2023
Bitcoin mining has a dirty reputation for using more energy than some small countries. But African cryptominers have found a way to use their consumption to keep the lights on in rural communities. That’s why Gridless is one of CoinDesk’s Projects to Watch 2023
Arbitrum's 700 Million ARB Return Proposal Fails, Deemed a "Power Play" by Whale – Here's What Happened
16.4.2023
The bulk majority of ARB token holders have voted against a proposal demanding the return of 700 million ARB tokens to the Arbitrum DAO Treasury.
The final results, which come after a seven-day voting period that started on April 8, show that more than 84% of ARB token holders rejected...
Arbitrum proposal to return 700M ARB fails, whale calls it a "power play"
15.4.2023
The AIP-1.05 was defeated by 118 million votes. The proposal was introduced after the Arbitrum Foundation transferred funds without community approval
A ‘Super App’ May Be Web3’s Super Power
13.4.2023
MetaPlayerOne’s New Co-Investment and Acceleration Program for GameFi Projects
12.4.2023
PRESS RELEASE. MetaPlayerOne is bringing the power of Web3 communications to GameFi by introducing a new launchpad and standard for NFT game assets. Using this platform and this standard, different GameFi projects can recognize specific smart contract asset holders and rare asset holders, providing...
Cleanspark Purchases 45,000 Bitcoin Mining Devices, Adding 6.3 EH/s to Current Fleet
11.4.2023
On Tuesday, the bitcoin mining company Cleanspark announced that it had purchased 45,000 Antminer S19 XP bitcoin mining devices for a total price of $144.9 million. Cleanspark stated that the new fleet would add 6.3 exahash per second (EH/s) of computational power to the company’s current...
LABEL Foundation Secures 7 Digit Investment From DWF Labs
10.4.2023
PRESS RELEASE. As per the latest news, LABEL Foundation, a Korean-based organization dedicated to revolutionizing the music industry through the power of blockchain technology, has secured a major investment in the venture round funding from DWF Labs, the multi-stage Web 3.0 investment firm....
Russia Takes Second Place Rank by Power Capacity in Crypto Mining, Reports
9.4.2023
Russia is now ranking second in terms of energy capacities engaged in the extraction of cryptocurrencies, new data suggests. Despite persisting regulatory uncertainty and the negative effects of sanctions, the amount of power devoted to the sector has been growing, reaching record highs this year....
Report: Only 37% Of Viewers Finished Amazon’s Lord Of The Rings TV Show, The Most Expensive In History
4.4.2023
Last year’s massively expensive Lord of the Rings show on Amazon, Rings of Power, had a lot of hype going into it. Yet after Amazon spent over $450 million on the lavish production, a report claims that fewer than half of the viewers who watched the first episode finished the entire series. Read...
Tax Benefits for Bitcoin Businesses in Belarus Extended Until 2025
1.4.2023
Tax exemptions for companies and individuals legally working with cryptocurrencies in Belarus will remain in place until Jan. 1, 2025. A new presidential decree extends the tax cuts introduced in 2018 when the executive power in Minsk legalized crypto activities such as mining and trading. Belarus...
Ripple CEO Slams SEC Chair Gensler for Dictating Which Crypto Tokens Are Securities
1.4.2023
Ripple CEO Brad Garlinghouse has slammed Securities and Exchange Commission (SEC) Chairman Gary Gensler for claiming that he has the authority to determine which crypto tokens are securities, rather than relying on the legislation that governs his agency’s power. “It’s time...
Crypto Exchange Aggregator 1inch Proposes Diluting Some Insiders' Voting Power
31.3.2023
A proposed governance shakeup would greatly reduce the amount of voting power accumulated by core contributors, investors and other insiders
BRICS Emerges as the World’s Largest GDP Bloc, Propelled by China’s Rapid Expansion
31.3.2023
BRICS, a set of countries grouped as an alternative to the G7, is now the world’s largest gross domestic product (GDP) bloc, taking purchasing power parity into account, according to reports from Acorn Macro Consulting. Powered By China’s growth, the group now contributes 31.5% to...
Coinbase Urges Creation of Stablecoins That Preserve Purchasing Power Amid Dispute with SEC
28.3.2023
The US-based crypto exchange Coinbase is calling on developers to create a new and inflation-proof stablecoin for its own blockchain.
The call for the new type of stablecoin came in a blog post on Thursday where the exchange said it is “particularly interested in ‘flatcoins’ – stablecoins that...