Iris Energy has invested $10 million in the latest generation Nvidia GPUs to explore generative AI while it continues to focus on Bitcoin mining.
Decentral Block Post
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.