The European Commission said it had opened formal proceedings to investigate X — formerly Twitter — over content related to the terrorist group Hamas’ attacks against Israel. In a Dec. 18 notice, the commission said it planned to assess whether X violated the Digital Services Act for its response to misinformation and illegal content on the platform. According to the…
It seems that every time Massachusetts Senator Elizabeth Warren fails to get an anti-crypto bill passed, she introduces a new draft. She has the strategy of messaging bills — legislation introduced for the purposes of media attention and fundraising more than actual passage — down to a science. Warren’s latest legislation, the Digital Asset Anti-Money Laundering Act, threatens to undermine…
Publicly traded Bitcoin (BTC) mining firm Cipher Mining (CIFR) is scaling operations with a new mega-purchase of cryptocurrency mining devices. Cipher will buy 37,396 units of Antminer T21 miners from the Chinese crypto mining giant Bitmain under a new agreement, the firm announced on Dec. 18. The new mining equipment to be bought is expected to deliver 7.1 exahashes per…
Ripple CEO Brad Garlinghouse has publicly announced the company’s intent to support “pro-crypto’ candidates during the 2024 United States election season. The company is among a group to have pledged a total of $78 million to support the Fairshake political action committee (PAC). Fairshake announced that prominent industry firms and players had contributed to a significant “war chest” to back candidates…
Tokens for the decentralized mobile network Helium have boomed in the past day, with protocol token MOBILE leading the pack. MOBILE, a governance token mined by 5G-CBRS and Wi-Fi hotspots, is up over 60% on the day and a massive 821% on the week, currently trading at $0.00632984 per CoinGecko data. Helium’s native cryptocurrency HNT is up 2.4%, trading at…
BlockShow, a major global conference devoted to the blockchain and cryptocurrency industry, is making a comeback after four years, joining forces with BlockDown Festival — powered by public relations agency EAK Digital — to bring a festival-like Web3 event to Hong Kong in 2024. First launched in 2016, BlockShow is backed by the blockchain industry publication Cointelegraph and will work…
A United States democrat Shamaine Daniels has employed an artificial intelligence (AI) campaign volunteer in her candidacy bid for Congress in the upcoming 2024 elections. According to a report from Retuers, Daniels is using “Ashley,” which she says is the first political phone banker that is powered by generative AI technology from the developer Civox. Although robocallers have existed for…
Crypto exchange OKX’s nonfungible token (NFT) arm surpassed the 24-hour trading volume of other prominent NFT marketplaces like OpenSea, Blur and Magic Eden. On Dec. 18, the OKX NFT marketplace recorded a daily trading volume of around $50 million at around 10:00 am UTC, according to decentralized applications (DApp) data tracker DappRadar. At the time of writing, the platform’s trading…
The Canadian Bitcoin mining firm Hut 8 has signed an interim agreement to launch a new mining site in Cedarvale, Texas, in connection with the Celsius Network bankruptcy proceedings. Announcing the news on Dec. 18, Hut 8 said that the mining site will house almost 66,000 miners and will be powered by more than 215 megawatts (MW) of energy. Hut…
The price of Bitcoin slipped under $41,000 Monday morning, erasing the previous week’s gains as its rally cooled. At time of publication, Bitcoin is trading at just over $40,600, down 2.9% in the last 24 hours and 3.9% on the week, according to data from CoinGecko. The price slump comes as Bitcoin’s average transaction fee has surged to a yearly…
