On Apr. 11, American Bitcoin (BTC) miner CleanSpark announced that it purchased 45,000 Antminer S19 XP application-specific integrated circuit (ASIC) mining rigs for $144.9 million. CleanSpark says all units will be ready for delivery by Antminer before the end of September. The purchase is expected to add 6.3 exahash per second (EH/s) of mining power to its rig, which currently…
Prominent video game hardware and peripherals company Razer is now funding Web3 gaming projects through its new zVentures Web3 Incubator (ZW3I), the company announced Tuesday. ZW3I aims to help bring Web3-enabled games to mainstream audiences, and will select developers for its incubator program who possess “a strong track record in creating successful games,” according to a statement. Razer’s Director of…
Supply chain reliability and efficiency are always a concern for product-based businesses, but their importance was spotlighted recently as multiple industries struggled both with obtaining needed materials and keeping their products continually available on store shelves. Companies looking for streamlined, easy-to-manage and safe solutions may be considering blockchain as an option. While blockchain technology can be an impactful tool for…
Borrowing Bored Apes and Doodles is booming. Per data pulled from Dune, the cumulative volume for borrowing against NFTs has just hit $1 billion. This measures the dollar value of borrowing activity across several notable projects including market leading NFT liquidity providers NFTfi and BendDAO, but also newcomers like Paraspace. As of April 6, NFTfi facilitated more than $390 million, BendDAO…
The success of Web3 is dependent upon solutions to the security issues posed by distinct application structures. Web3 security companies are responsible for ensuring that blockchain-based platforms and applications are protected from cyber threats. These companies offer a variety of services, including smart contract auditing, security testing and incident response. PureFi, a decentralized finance (DeFi) protocol for cryptocurrency onboarding, has…
Blockchain solutions provider Jelurida partnered with augmented reality (AR) firm Aumenta Solutions to develop a maintenance system for port infrastructures. According to an announcement sent to Cointelegraph, the project aims to increase efficiency, reduce downtime and enhance the accuracy of maintenance tasks for ports which is important in servicing ships, cargo and passengers. Back in 2020, a research group from…
On Monday, Robert F. Kennedy Jr. once again cautioned the public to be wary of central bank digital currencies (CBDCs), and he insisted that the Biden administration has launched a “steady barrage of hostile broadsides against cryptocurrencies.” Kennedy, who recently filed to run for president of the United States in the 2024 election as a Democrat, also stressed that “bitcoin…
ZK-rollups are the hottest thing in Ethereum right now, having seemingly appeared out of nowhere in late 2018 to fundamentally reshape the “Eth2” plan to scale via sharding alone. Zero-knowledge, or validity proof rollups, essentially perform the computations for many thousands of transactions away from Ethereum and then write a tiny cryptographic proof back to the blockchain that verifies those…
Frontrun MEV bots and you’ll get banned. Tether has blacklisted an address—nicknamed “Sandwich the Ripper”—which holds $3 million in USDT after it was linked to an MEV exploit on April 3. Blacklisted addresses are frozen from moving Tether funds from their wallet meaning the $3 million USDT is now essentially void. Don’t feel too sorry for the exploiter though as…
The US Government is putting the squeeze on crypto. Recently they shut down two banks that were friendly to crypto and acting as bridges between trading exchanges and the real world. These were Silvergate and Signature Bank of NY. These closures follow some events that might appear coordinated to some people. This includes the shuttering of the Paxos BUSD stablecoin…
