Bitcoin Miners Face Leanest Month of 2024: August Earnings Hit Year’s Low

Bitcoin miners faced their most challenging revenue month of the year in August, marking the lowest earnings since September 2023. Onchain fees collected in August also dipped, reaching a low not seen... Read more »

Restoring trust and equity in the digital age through decentralized AI

The following is a guest post by Jiahao Sun, the CEO of FLock.io. In recent years, the promise of AI has captivated our collective imagination – conjuring visions of a future where... Read more »

X goes dark in Brazil as tensions between Musk and Judge escalate

Alexandre de Moraes, a Supreme Court judge, ordered the “immediate and complete suspension” of social media platform X in Brazil, the BBC reported on Aug 31. The judge directed the country’s telecom... Read more »

Google Chrome Vulnerability Exploited by North Korean Hackers, Microsoft Warns

Microsoft recently detected a North Korean cyber group, Citrine Sleet, exploiting a security vulnerability in Chromium-based browsers, including Google Chrome. This flaw allowed attackers to execute malicious code on compromised devices. Citrine... Read more »

Coinbase conducts its first AI-to-AI crypto transaction

Crypto exchange Coinbase witnessed its first crypto transaction between artificial intelligence (AI) bots on Aug 30, CEO Brian Armstrong announced in a post on X. He explained that one large language model... Read more »

Iris Energy Acquires 39,000 Bitmain S21 XP Antminers, Eyes 30 EH/s in 2024

Bitcoin miner and high-performance computing (HPC) firm Iris Energy Limited has secured 10 exahash per second (EH/s) of Bitmain’s S21 XP Antminers, positioning the bitcoin mining company to reach 30 EH/s by... Read more »

OpenAI mulls dropping profit restrictions ahead of $100 billion valuation push

OpenAI is considering significant changes to its business model as it gears up for a new investment round that could push its valuation beyond $100 billion, the Financial Times reported on Aug.... Read more »

Cipher Mining Boosts Bitcoin Data Center Portfolio With 300 MW Texas Site Purchase

This week, Cipher Mining Inc. revealed that it has acquired a sprawling 250-acre property in West Texas, which includes a 300-megawatt (MW) data center. The company also highlighted that this location is... Read more »

Russia Set to Launch Crypto Payment Trials Next Week, Report

Russia is reportedly set to start trials for cryptocurrency exchanges and digital token payments on Sept. 1 to mitigate payment difficulties caused by international sanctions. These trials will involve the National Payment... Read more »

UK’s ambitions for crypto hub status falter amid regulatory roadblocks

Crypto firms are increasingly turning away from the UK, citing burdensome and time-consuming regulatory processes as a key factor, the Financial Times reported, citing law firm Reed Smith. Registrations for crypto asset... Read more »
Dip Your Toes in Crypto Blog