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Since at least 2023, Bit Digital has been expanding into artificial intelligence and high-performance computing to diversify its revenue beyond crypto mining. Bitcoin mining company Bit Digital has acquired an industrial building in Madison, North Carolina, upping the ante in a business diversification strategy that includes strategic pivots into AI and high-performance computing. Bit Digital…
Crypto companies have spent years pushing digital wallets and exchange apps. Cash-based crypto solutions could unlock financial inclusion for overlooked billions of cash-reliant people in developing economies. Opinion by: Alexander Guseff, founder and CEO of Tectum Crypto companies have spent years pushing digital wallets and exchange apps, convinced they’ll bring financial inclusion to the world….
Bybit is shutting down most of its Web3 services, including wallets and its NFT platform, to refocus on core offerings after a $1.4 billion hack. Bybit is shutting down more of its Web3 services after axing its non-fungible token (NFT) marketplace earlier in April. According to an April 16 announcement, the exchange is shutting down…
Polygon is working with telecom giant Reliance Jio to integrate blockchain into web services and solve real-world problems for over 450 million users. As Polygon lays the groundwork for mainstream Web3 adoption in India by bringing blockchain access to over 450 million Reliance Jio users, it remains focused on balancing speed, scalability and affordability, without…
Auradine is aiming to expand its presence in the Bitcoin mining market, but it faces strong competition from established Chinese manufacturers. Auradine, a Silicon Valley-based startup that specializes in equipment for AI data centers and Bitcoin mining, has announced a raise of $153 million in a Series C funding round. The new capital will go…
The tokenization company has issued $3.3 billion in onchain assets, including BlackRock’s tokenized US Treasury fund, BUIDL. Tokenization company Securitize has expanded its digital asset operations by acquiring MG Stover’s fund administration business, in a move the company said has significantly grown its assets under management and ability to serve institutional clients. With the acquisition,…
Strive CEO Matt Cole says Intuit should also change its policy for its Mailchimp platform, which he claims continues to suspend crypto-related accounts. Fresh from successfully convincing game retailer GameStop to add Bitcoin to its balance sheet, Strive Asset Management CEO Matt Cole has now set his sights on fintech firm Intuit to do the…
Mantra CEO John Mullin says he will burn the 300 million locked-up OM tokens allocated to the network’s team in a bid to win back the community trust after OM’s collapse. Mantra CEO John Mullin said he is planning to burn all of his team’s tokens in order to win back the trust of the…
OpenAI’s Sam Altman could be on a collision course with Elon Musk amid reports of the AI company’s social network ambitions. Large language model developer OpenAI is reportedly working on a new social media network, putting the company on a collision course with Elon Musk’s X and Mark Zuckerberg’s Meta Platforms. Citing anonymous sources, The…
Crypto podcast hosts must strike a balance between engaging experts and simplifying content for newcomers, to ensure accessibility and engagement. Opinion by: Blake Cassidy, CEO of Bamboo Crypto podcasts have been newcomers’ go-to source of information, helping bring crypto into the mainstream. Podcasters must remember, however, that fresh faces are constantly tuning in as they…