Foundry laid off 16% of its staff and transferred 20 employees to Yuma, a decentralized AI startup.Yuma, DCG’s new project, aims to revolutionize decentralized AI using Bittensor’s network for innovative applications. Foundry, the world’s largest Bitcoin mining pool and a subsidiary of Digital Currency Group (DCG), has announced massive layoffs, decreasing its workforce by about...
An analyst tags XRP as the “banker-themed meme-coin” while labeling Chainlink (LINK) as the real “bank coin.”He also questioned the relevance of XRP as a bridge currency in cross-border payment with the existence of stablecoins and Central Bank Digital Currencies (CBDCs). Chainlink (LINK) embarks on a significant rally from $18 on December 2 to $25...
The US Federal Reserve has ruled that states can issue alternative currencies.Though gold and silver-backed currencies are recognized, Bitcoin may also gain entry in the future. The US Supreme Court recently permitted 40 states to issue gold—and silver-backed currencies. This move could usher the US crypto economy in a new direction and raise the possibility...
Public Bitcoin miners raised $5B in 2024 and spent $3.6B on hardware and infrastructure development.Marathon Digital leads public miners’ BTC holdings while diversifying into AI amid rising mining challenges. Public bitcoin mining companies made substantial financial movements in 2024, demonstrating both ambition and adaptability. By means of equity and loan funding, these companies raised around...
TON Teleport BTC connects Bitcoin and TON networks securely through a trustless system, enhancing cross-chain interoperability.Travala’s integration with TON boosts blockchain adoption across 230 countries and strengthens TON’s Web3 ecosystem. The TON Teleport BTC white paper introduces a ground-breaking approach for smoothly linking the Bitcoin and TON ecosystems. The paper goes over its basic ideas,...
Bitcoin’s potential surge to $100K is supported by factors like institutional inflows, economic uncertainty, and growing miner confidence.Global economic conditions, particularly in countries like France and Russia, are enhancing Bitcoin’s appeal as a safe-haven asset. Bitcoin regained the $95,000 mark on November 26, following a brief dip below $91,000. This 5% rally over two days...
According to the latest research report, 72% of German companies do not find the need to integrate blockchain into their business operations. The report also establishes that negative media coverage, regulatory uncertainties, inadequate expertise, and other factors contribute to the challenge of blockchain adoption in Germany. With blockchain technology penetrating businesses and under serious consideration by...
Boyaa Interactive converts 14,200 ETH to 515 BTC, solidifying its position as a leading crypto investor.The firm now holds 3,183 BTC, showcasing its commitment to integrating digital assets into its strategy. Boyaa Interactive, a Hong Kong-based gaming company, has traded 14,200 ETH for over 515 BTC, for almost $49.48 million. With an average purchase cost...
Brazil’s Central Bank is advancing stablecoin regulations, potentially requiring licenses for exchanges offering stablecoin services.The proposed Bitcoin reserve initiative could transform Brazil’s approach to digital assets, emphasizing secure storage and transparency. The Central Bank of Brazil (BCB) is actively developing its regulatory framework for digital assets, with a concentration on stablecoins. Recently, the BCB presented...
Max Keiser predicts Bitcoin’s potential to capture the $400 trillion global financial market cap.Bitcoin’s fixed supply and decentralization make it a transformative force for global financial systems. Renowned Bitcoin enthusiast Max Keiser created waves with a strong forecast on his Alex Jones Show appearance. Emphasizing Bitcoin’s promise, Keiser said that with an estimated $400 trillion...