Crypto asset manager Grayscale Bitcoin Trust (GBTC) has scored a major victory against the U.S. Securities and Exchange Commission in its efforts to convert its over-the-counter GBTC application into a listed Bitcoin ETF. According to August 29 court filings, U.S. Court of Appeals Circuit Judge Neomi Rao ordered that Grayscale’s petition for review be granted and for the SEC’s order…
The price of Bitcoin rose significantly Tuesday following word that the United States Court of Appeals for the DC Circuit sided with Grayscale over the U.S. Securities and Exchange Commission (SEC) in the crypto firm’s quest to launch a Bitcoin spot exchange-traded fund (ETF). Bitcoin is up more than 5% over the last hour, rising from just over $26,000 to…
Nasdaq-listed Iris Energy has bought 248 state of the art Nvidia H100 GPUs for $10 million as it looks to explore opportunities in generative AI in addition to its core business focus on Bitcoin mining. The firm expects to receive delivery of the 248 GPUs in the coming months and plans to deploy the hardware to serve opportunities in cloud…
Crypto cybersecurity company OpenZeppelin today announced the launch of Defender version 2.0, an upgrade to its blockchain developer security system. According to a press release shared with Decrypt, the upgrade will bring end-to-end security practices, from the development stage up to deploying and maintaining a blockchain-based project. “We offer users the features they need to enable security best practices, and…
The team behind decentralized Bitcoin infrastructure provider Interlay today unveiled the Minimum Viable Product (MVP) of its BOB (“Build on Bitcoin”) solution. BOB, which comes on the heels of last month’s launch of Interlays’ Bitcoin DeFi Hub, is billed as a Bitcoin Layer-2 network that introduces Rust smart contracts compatible with Bitcoin libraries such as Lightning and Ordinals. With the…
Bitcoin (BTC) may offer investors a rare chance to buy at a support zone with a “100% long hit rate,” new analysis says. In its latest Update piece on Aug. 29, crypto asset manager Capriole Investments told investors to watch for a BTC price dip to $24,000. Capriole founder “very confident” in $23,000 BTC price support Bitcoin continues to track…
Pepecoin (PEPE), once an extremely profitable memecoin, has plunged by more than 80% four months after its record high. Now, technicals suggest that the memcoin could be at risk of even bigger losses in the coming weeks or months. Pepecoin faces rug pull allegations On Aug. 24, several rogue Pepecoin developers changed the number of signatures required to move tokens…
CoinSwitch crypto exchange is the latest crypto trading platform in India that cut its workforce amid the prolonged cryptocurrency winter, the local news agency Moneycontrol reported on Aug. 28. The Indian crypto exchange has reportedly laid off 44 employees from its customer support division in August, citing redundancy in roles amid the bear market-triggered lack of customer queries. “We continuously…
Bitcoin mining company Canaan announced its unaudited financial results for Q2 2023, showing growth in computing power sold and BTC mining revenues while it tackled a significant net loss of $110 million. up 31% on Q1. The NASDAQ-listed company outlined a variety of reasons influencing increased revenues and a significant headwind that included an inventory write-down and equipment impairment totaling…
Many leading media companies have taken a stance against allowing artificial intelligence (AI), like OpenAI’s ChatGPT, into the newsrooms, and have withheld permission for AI to scan their content on the web. It has been reported that multiple mainstream media companies including CNN, the New York Times and Reuters have coded their platforms to stop OpenAI’s web crawler GPTBot from…
