Phoenix seals $380M deal with WhatsMiner for green Bitcoin mining
Phoenix Group is acquiring hydro cooling mining equipment from WhatsMiner worth over $136 million, with the option of an additional $246 million purchase.
Posts published on December 7, 2023 go to media archive 3/4
Binance CEO Disputes JPMorgan Chief’s Critique Of Crypto
As ETF Hype Builds, Bitcoin Rallies Past $40k
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now…
Bitcoin Developer Luke Dashjr States Inscriptions Are Exploits, Hints at Future Fix
Luke Dashjr, bitcoin developer and Mummolin’s CTO, has reiterated his negative opinion about Ordinal inscriptions, stating these leverage and exploit a vulnerability in the Bitcoin Core full node software implementation. Dashjr also hinted…
Changpeng Zhao’s next move could involve decentralized science
Decentralized science, or DeSci, aims to apply decentralized business models to medical research.
Can Bitcoin Spot ETFs Attract Enough Capital? Experts On What Will Lead To ATH
Trading firm QCP Capital has shared its thoughts on what could drive the flagship cryptocurrency, Bitcoin, to its all-time high (ATH) of $69,000. From their analysis, Spot Bitcoin ETFs have a huge role to play in all of this. Bitcoin Hitting…
Bitcoin Project Babylon Raises $18M to Bolster Development of Staking Protocol
The fundraise was led by Polychain Capital and Hack VC and included contributions from Framework Ventures, Polygon Ventures, Castle Island Ventures and OKX Ventures.
Web3 can benefit from adopting Web2 optimization: NBX Berlin
User experience remains a barrier to entry for the world of Web3 and industry builders believe the solution lies in onboarding Web2 functionality.
COP28: Blockchain projects make push to decentralize climate markets
Blockchain and crypto projects joined the UN Climate Change Conference in Dubai and unveiled initiatives focusing on contributing to the fight against climate change.
JAN3 Launches New Division to Help Countries Buy Bitcoin
JAN3, a leading Bitcoin technology company, has unveiled its latest venture, JAN3 Financial, aimed at onboarding nation-states and high net worth individuals to Bitcoin, according to a press release sent to Bitcoin Magazine. This move attempts to…
Galaxy-Backed Gyroscope's 'All-Weather' Decentralized Stablecoin Goes Live on Ethereum Mainnet
Gyroscope's GYD token aims to protect against the risks of holding stablecoins by offering an alternative to centralized and algorithmic designs.
Is Google’s Gemini really smarter than OpenAI's GPT-4? Community sleuths find out
After Google launched its new high-performance AI model Gemini and claimed it to be far superior to OpenAI’s GPT-4 users on social media began to challenge those claims.
First Mover Americas: Crypto on the Agenda at Republican Presidential Debate
The latest price moves in bitcoin [BTC] and crypto markets in context for Dec. 7, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
FTX to submit revised reorganization plan in mid-December
Bankrupt, defunct exchange FTX is preparing to present an updated reorganization plan to the court in mid-December.
Zero Knowledge Rollups as a Service Hasten the ‘Implementation of Secure and Scalable Networks’ — Alvaro Fernandez
Alvaro Fernandez, the Chief Operations Officer (COO) at Lumoz, has stated that while zero-knowledge rollups have demonstrated exceptional security and scalability, the technology is still not user-friendly. To address this issue, networks should…
Apollo Crypto Predicts Bitcoin Price Of $200,000 This Cycle, Here’s Why
Apollo Crypto, a renowned name in the field of cryptocurrency analysis, has recently released a comprehensive report predicting a significant surge in the Bitcoin price, potentially reaching as high as $200,000 in the current cycle. Authored by…
Deloitte Taps Polkadot Ecosystem's Kilt Blockchain for Digital Shipping Logistics
Shipping giant Hapag-Lloyd will be the first to implement Deloitte's KYX – Know Your Client and Know Your Cargo – system.
Web3 firms to support ecosystem development through grants amid market uptick
The Worldcoin Foundation rolled out a $5 million grant to support its community through WLD tokens or stablecoins.
Russia debuts cross-border payments in Tether stablecoin
In addition to Tether, companies transacting through the Exved system can use the U.S. dollar and the offshore ruble, the platform said.
Residents of Swiss City of Lugano to Pay Taxes With Bitcoin
Citizens of the Swiss city of Lugano can now settle their tax bills and other community fees with bitcoin and the stablecoin tether. By adding crypto to payment options, Lugano joins three other Swiss cities and cantons which already accept crypto…
Polygon 2.0: 2024 to see unified ZK-powered L2 chains
Polygon’s evolution will continue into 2024 as various protocols that make up its ecosystem become increasingly interconnected through the use of zero-knowledge proofs.
Bitcoin Shakeout Drives $190 Million In Losses For Over 81,000 Traders
Bitcoin has seen a pullback but not to the extent that bears have been expecting. Nevertheless, as a result of this, a lot of traders have incurred massive losses due to Bitcoin staging another unexpected recovery. The loss volumes have quickly…
Here's Why Bitcoin's Famed Bull-Market Pullbacks Have Been Elusive During the Recent Price Surge
The bull market has been clearly spot-driven, with all major derivatives data relatively flat, one observer said, adding the rally has limited downside.
Robinhood launches crypto trading services in Europe
All eligible customers in the EU region can access Robinhood crypto for crypto trading services, with over 25 cryptocurrencies available for trade.
AI regulations in global focus as EU approaches regulation deal
Concerns over potential misuse of AI have prompted the U.S., U.K., China, and the G7 to speed up regulation of the technology, though Europe is already way ahead.
Cathie Wood's ARK Invest Sells Another $24.3M of Coinbase Shares
Coinbase shares fell on Wednesday from the 19-month high of $147.86 touched earlier in the week, closing at $134.63.
Rewarding Hackers With Bug Bounties ‘Inherently Creates a Moral Hazard’ Says Expert
British regulator adds Justin Sun-linked Poloniex to warning list after $100M hack
The Financial Conduct Authority warns that the crypto exchange is operating without proper authorization.
India Won't See Crypto or Web3 Bill for Another 18 Months, Senior Lawmaker Tells CoinDesk
India is unlikely to bring a crypto or Web3-specific legislative bill anytime soon and perhaps all the way up to mid-2025, said one of the most senior politicians in India's government overseeing the financial evolution of the nation.
Meta to fight AI-generated fake news with ‘invisible watermarks’
Meta will make use of a deep-learning model to apply watermarks to images generated with its AI tool, which would be invisible to the human eye.