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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.

How to host an event in the metaverse

From pre-event planning to virtual execution, discover the steps to create an immersive and engaging digital experience that captivates the audience.

Solana-based Clockwork to shutter citing ‘limited commercial upside’

Clockwork’s planned closure comes about a year after receiving $4 million in a seed round led by Multicoin Capital.

Indian PM Modi calls for global cryptocurrency framework at G20 Summit

India has advocated for a global crypto framework for years, however, back home, the crypto ecosystem is still looking for a clear regulatory framework and simpler taxation.

Bitcoin revenue per terahash nears record lows as hashrate soars

As the Bitcoin network hash rate tops 414 EH/s, miners are struggling to stay afloat amid plummeting profitability.

'Breakthrough growth' will be driven by Web3: HK financial secretary

Paul Chan says that blockchain and Web3 tech will be responsible for the next big wave of growth in Hong Kong’s digital tech sector.

Friend.tech pronounced 'dead' after activity and fees tank

Buyers, sellers, inflows and transactions have all taken significant dives on the Friend.tech platform after its launch just over two weeks ago, prompting some critics to herald its death.

While Friend.tech booms, decentralized social has a retention problem — Execs

Decentralized social network Friend.tech may be booming right now, but execs say decentralized social media apps still have an onboarding and retention issue to fix.

FTX suspends user accounts amid Kroll cyber breach concerns

FTX's decision was undertaken as a proactive measure aimed at preventing the occurrence of any potential future incidents or additional harm following the recent hack.

Sam Bankman-Fried’s life in jail, Tornado Cash’s turmoil, and a $3B BTC whale: Hodler’s Digest, Aug. 20-26

Sam Bankman-Fried faces challenges in jail, Tornado Cash’s developer is arrested, and a Bitcoin whale holding $3 billion is identified.

How can the synergy of AI and blockchain disrupt the music industry?

While AI-generated songs are flooding the music market, blockchain technology can ensure transparency and ethical standards are maintained within the industry.

Pepecoin: Insider trading claims surface amidst token theft

On-chain analyst Yazan reports insider selling of PEPE holdings, with around 400 billion PEPE sold, aligning with Pauly's team exposure.

Ripple vs. SEC case: Pro XRP lawyer urges Jay Clayton, Hinman’s testimony

Deaton points out that former SEC officials Bill Hinman and Jay Clayton's testimony during the US SEC v. Ripple Labs case would have categorized XRP as a non-security early on.

Rogue Pepecoin team members blamed for $16M PEPE multsig withdrawal

In an announcement to the PEPE community, it was claimed that three former members stole funds from the project and then handed over full control to the sole remaining member.

Crypto Biz: Coinbase-Circle re-alignment, Binance fiat hurdles, and USDC at Shopify

This week's Crypto Biz explores the latest on Binance's global on-ramps and off-ramps, Coinbase-Circle re-alignment, Shopify's take on USDC and China's blockchain data exchange.

Hong Kong regulator eyes tokenization for bond market improvement: Report

The monetary authority in Hong Kong released a report on its study Project Evergreen which looked at the highs and lows of recent bond tokenization activity.

PEPE whale seizes dip opportunity, buys $529k worth of tokens

This transaction followed this same whale’s previous transactions on 5 June 2023 where he spent 280 Ethereum (worth $507,000) to acquire 500 billion PEPE.

NFT Collector: Giant Swan’s gothic VR dreamscapes… royalty nightmare on OpenSea

Melbourne NFT artist Giant Swan used to sit in his car crying because he didn’t fit in. Now he’s found his place as a gothic VR dream creator

XRP whale moves 29 million tokens to Bitstamp amid price slide

Additional information suggests the possibility that this whale might be selling its XRP assets, as it had previously moved 14 million XRP to Bitso just a few hours earlier.

FTX crypto exchange reports data breach involving claims agent Kroll

The breach has resulted in the exposure of non-sensitive customer data from specific claimants linked to the ongoing bankruptcy case.

VeChain and SingularityNET team up on AI to fight climate change

SingularityNET CEO Ben Goertzel says that AI and blockchain have the potential to solve problems that traditional mechanisms have “consistently, miserably failed.”

DEA gets duped: Agency loses $55K in address poisoning scam

The DEA, the country's lead drug enforcement agency, is yet to find those responsible for the attack but has enlisted the help of the FBI.

PEPE plunges 15% as strange token movements spark fears of rug pull

The price of Pepe has plummeted 15% after developers sent nearly 4% of the memecoin’s total supply to exchanges without warning.

Bitcoin miner gets life in prison, China offers bounties for crypto firms: Asia Express

Retail crypto trading is only days away in Hong Kong, but a mainland crackdown sees bounties offered for crypto firms and miners imprisoned.

Multichain wallet Exodus posts $12.4M revenue, $1.9M net income in Q2

In the quarter ended June 30, Exodus' revenue declined by 4% year-over-year, but its results were boosted by 6% cost reductions.

Vessel Capital secures $55M to invest in Web3 infrastructure: Report

The venture firm has introduced its crypto fund for Web3 infrastructure and applications, promising a collaborative approach with startup founders.

Known-plaintext attacks, explained

A known-plaintext attack exploits known pairs of plaintext and corresponding ciphertext to deduce encryption keys or methods.

Crypto VC inflows drop further as macro factors weigh on investments

Polychain Capital and CoinFund launch new funds, and spot Bitcoin ETFs approval rumors can’t brighten the outlook for crypto VC sector.

Balancer says $2.8M still at risk after vulnerability warning

The vulnerability was not exploited after its discovery on Aug. 22.

Is the SEC a bad cop? CoinRoutes CEO Dave Weisberger breaks down crypto regulation in the US

Weisberger believes the structure of the Securities and Exchange Commission needs to change but that politicians are reluctant to do so because of their power within the current state of affairs.

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