Iris Energy buys 248 Nvidia GPUs worth $10M for generative AI & Bitcoin mining
Iris Energy has invested $10 million in the latest generation Nvidia GPUs to explore generative AI while it continues to focus on Bitcoin mining. Go to Source
Month: August 2023
Bitcoin metric with ‘100% long hit rate’ predicts $23K BTC price floor
Bitcoin chart signals are pointing to an incoming macro bottom level, according to a BTC price metric with a flawless history. Go to Source
PEPE price to zero? Pepecoin rug-pull allegations put memecoin at risk
Some Pepecoin hopefuls eye a massive PEPE price rebound with on-chain data showing strong accumulation in recent days. Go to Source
Indian crypto exchanges CoinSwitch, CoinDCX cut staff amid market slump
Indian crypto exchanges like CoinSwitch and CoinDCX have been struggling to maintain headcount amid bear market and TDS. Go to Source
Canaan’s 2Q mining revenue jumps 43% on 1Q, but net loss climbs 31%
Bitcoin mining firm Canaan posts second quarter financials, with Bitcoin mining revenue up 43% from Q1 2023, though net loss also rose 31% to $110 million. Go to Source
Media companies grapple with AI both inside and outside newsrooms
Media companies have been trying to navigate the rapid emergence of AI, with many banning its usage internally and others choosing to embrace it. Go to Source
Crypto lawyer about SEC: ‘Problematic to imply all NFTs are securities’
Oscar Franklin Tan, the chief legal officer of NFT platform Enjin, told Cointelegraph that it’s very problematic to imply that all NFTs are securities, as it could hold back creators. Go to Source
Binance excludes Banco de Venezuela from P2P payments
Banco de Venezuela, one of the largest financial institutions in the country, was acquired by the sanctioned government in 2009. Go to Source
DoJ wants to bar SBF’s expert witnesses from testifying in court
In a new motion submitted to New York courts, the U.S. Department of Justice wants to exclude all of Sam Bankman Fried’s expert witnesses from testifying on the case. Go to Source
Jacobi spot Bitcoin ETF classed as ‘environmental investing’ by issuer
Jacobi FT Wilshire Bitcoin ETF has been defined as an Article 8 fund by its issuer firm. Go to Source