Under India’s G20 presidency, active discussions around establishing a global framework for cryptocurrencies are underway, India’s minister of finance Nirmala Sitharaman has said. On Aug. 28, Indian Prime Minister Narendra Modi pushed for global collaboration on formulating crypto regulations among G20 (Group of 20) member states, which include 19 countries and the European Union. Modi believes that emerging technologies —…
Marathon Digital Holdings, a United States-based crypto mining operator, produced 1,072 Bitcoin in August. This is 9% less than in July, but still five times more than in August 2022. On Sept. 5, Marathon shared the unaudited BTC production and miner installation updates for August. According to the press release, last month the company increased its U.S. operational hash rate…
Currently, no accounting standards are dedicated to crypto assets, so broader guidelines per the International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Practice (GAAP) are applied to cryptocurrency accounting. Balance sheets are among the three primary financial statements that businesses need, alongside income and cash flow statements. Whereas income and cash flow statements show a business’s economic activity over…
On Sep. 7, the blockchain-centric music tech platform anotherblock and the co- producer of the track Andreas Schuller, also known as Axident, will drop the track “Company” as an NFT with only 2,000 available. The global pop icon Justin Beiber will have one of his hit songs turned into a nonfungible token (NFT), which fans can then invest in a…
Microsoft has unveiled a suite of four new artificial intelligence compilers designed to optimize the performance of various AI models. The “heavy metal quartet” of cutting-edge compilation tools bear the names Rammer, Roller, Welder and Grinder. The tools were developed by Microsoft Research in collaboration with a number of academic institutions. They provide advanced solutions for compiling —basically the transformation…
“We believe the Trust’s nearly one million investors deserve this fair playing field as quickly as possible,” Grayscale’s lawyers wrote to the regulator. Source: https://cointelegraph.com/public/index.php/news/grayscale-asks-sec-meet-for-bitcoin-etf-conversion
MetaMask’s eagerly awaited Snaps will allow users to interact with a variety of different blockchain networks, receive updates from projects and will help demystify what’s happening in complex transactions, says Consensys head of strategy Simon Morris. Speaking to Cointelegraph on Sept. 6 at Korea Blockchain Week, Morris shared that MetaMask Snaps will function a lot like an Apple App Store…
A lack of network activity and ground lost to competitors could eventually play a role in ETH losing the $1,600 support. Source: https://cointelegraph.com/app/public/index.php/news/ethereum-price-risks-losing-the-1600-support-as-multiple-metrics-decline
Artificial intelligence could be the missing piece for decentralized autonomous organizations (DAOs), while trained AI models could become valuable assets on-chain, according to the co-founder of Framework Ventures. Speaking to Cointelegraph on Sept. 5 at Korea Blockchain Week, Vance Spencer, the co-founder of the crypto-focused venture firm, shared four predictions about how AI and blockchain technology could collide. One of…
The CEO of Lightning Koffee launched the coffee startup in October with the aim of onboarding Medellín’s businesses to Bitcoin. Source: https://cointelegraph.com/app/public/index.php/news/colombian-bitcoiner-orange-pills-coffee-lovers
