Figures reveal that over the preceding 72 hours, three bitcoin mining pools discovered more than 69% of the 436 blocks found during that period. Foundry USA and Antpool, two industry titans, command a formidable 55.5% of Bitcoin’s total computational power. Foundry Dominates Bitcoin Mining in 12-Month Period, Discovers 15,651 Blocks Out of 53,528 In the […] Source: https://news.bitcoin.com/3-bitcoin-mining-pools-wield-69-of-total-hashrate-discovering-301-blocks-in-72-hours/
The agreement, which is subject to a court approval, resolves a major hurdle for FTX bankruptcy process. Source: https://cointelegraph.com/news/ftx-200-million-settlement-irs-tax-bill
PRESS RELEASE. Since its launch, Genso Meta has been actively developing applications that combine gaming and blockchain technology. Beyond Play2Earn, Genso introduced UGC2EARN, allowing players to create and profit from content. They’ve also partnered with Hikone Castle in Japan to blur the lines between the virtual and real world for their users. With over 340,000 […] Source: https://news.bitcoin.com/metaverse-project-genso-meta-announces-mv-chain-with-arbitrum-orbit-to-improve-user-experience/
The tokens were initially reserved for a parachain slot on Polkadot but have since fallen out of use. Source: https://cointelegraph.com/news/japanese-blockchain-astar-proposes-token-burn
In a strategic move to bolster its zero-knowledge technology development, Polygon Labs has acquired Toposware, a zero-knowledge (ZK) engineering startup. The deal is aimed at integrating Toposware’s expertise with Polygon’s ongoing projects to advance the entire ZK community. Polygon Labs Targets Zero-Knowledge Tech Leadership With Toposware Buy On Tuesday, Polygon stated in a blog post […] Source: https://news.bitcoin.com/polygon-labs-acquires-toposware-to-enhance-zero-knowledge-tech-capabilities/
The world’s most popular AI chatbot has decided to take a break today, leaving users in a lurch. ChatGPT has been offline for a several hours, with the outage beginning early Tuesday at 00:21 PDT. The issue appears to be most prominent on mobile devices, with the ChatGPT app on Android getting stuck at the login screen, indicating that this…
Bankrupt cryptocurrency exchange FTX might be able to settle a $24 million claim from the U.S. Internal Revenue Service (IRS) for $200 million. This settlement is still pending court approval, but would resolve one of the thornier disputes and bigger claims amounting to billions of dollars. FTX, once a prominent player in the cryptocurrency market, filed for Chapter 11 bankruptcy…
The former FTX CEO spent roughly a week at the Federal Transfer Center in Oklahoma City, with many speculating authorities planned to send him to a California prison. Source: https://cointelegraph.com/news/sam-bankman-fried-new-york-prison-appeal
Polygon never set out to slay Ethereum, despite perceptions at the time, says co-founder Anurag Arjun. Source: https://cointelegraph.com/magazine/polygon-anurag-arjun-avail-ethereum-x-hall-of-flame/
U.S. banks reported an alarming increase in unrealized losses and a growing list of institutions at risk of failure in the first quarter of 2024, according to the latest U.S. Federal Deposit Insurance Corporation (FDIC) data. The FDIC report highlights $517 billion in unrealized losses and identifies 63 banks as vulnerable, marking a concerning uptick […] Source: https://news.bitcoin.com/us-banking-sector-teeters-517b-unrealized-losses-63-troubled-institutions-flagged/
