Up to 800,000 internet-connected databases could be vulnerable to crypto-mining malware that will use their computing capacity. Source: https://cointelegraph.com/news/pg-mem-malware-targets-postgresql-databases-crypto-mining?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
Ideogram Releases New AI Image Model to Compete With Flux, MidJourney
Ideogram AI unveiled Ideogram 2.0 on Wednesday. The next generation of its text-to-image model aims to challenge the dominance of established players in the generative AI space. The release comes just days after the much-anticipated implementation of Flux.1 as the primary image generator for Grok on X (aka Twitter), a move that has solidified Flux.1’s position as a powerful and…
Skyfire launches blockchain payment network that lets AI spend your money
The company is currently focused on B2B, but there are countless potential applications for consumers. Source: https://cointelegraph.com/news/skyfire-launches-blockchain-payment-network-ai-spend-your-money?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
YieldNest launches new liquid restaking token
Stakers with Lido, Frax, Origin and Mantle can “restake” with the DeFi protocol. Source: https://cointelegraph.com/news/yieldnest-launches-new-liquid-restaking-token?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin Bulls Charge Toward $62K as Fed’s Minutes Triggers Market Frenzy
Bitcoin’s price hit $61,838 per coin by 3:45 p.m. EDT on Wednesday, after spending much of the day lingering below the $60,000 mark. The crypto market mirrored the upward movement seen in the S&P 500 and Nasdaq, which both rallied just before the closing bell. This newfound optimism is largely being credited to the Federal […] Source: https://news.bitcoin.com/bitcoin-bulls-charge-toward-62k-as-feds-minutes-triggers-market-frenzy/
Bitfarms to Buy Stronghold for $175M: Impact on Bitcoin Miners
Bitfarms Expands Through Acquisition Bitcoin miner Bitfarms Ltd. (NASDAQ:BITF) has announced a strategic move to acquire its rival, Stronghold Digital Mining Inc. (NASDAQ:SDIG), for $175 million in a combination of stock and assumed debt. The offer values Stronghold at $6.02 per share, a substantial premium compared to its last closing price of $2.93. This acquisition reflects Bitfarms’ strategy to diversify…
Crypto Fund Settles With NFA Over $2.5M Bitcoin Loan
Cryptocurrency fund Ikigai Strategic Partners has agreed to pay a $150,000 fine to the National Futures Association (NFA) following allegations of an illicit bitcoin loan, according to an Aug. 20 decision by an NFA hearing panel. The fine addresses the fallout from the industry-wide liquidity crisis triggered by the collapse of crypto exchange FTX in […] Source: https://news.bitcoin.com/crypto-fund-settles-with-nfa-over-2-5m-bitcoin-loan/
Invest in Bitcoin ETFs? Goldman Sachs and Morgan Stanley’s Moves
Institutional Investments in Bitcoin ETFs Bitcoin’s reputation as an investment asset has evolved significantly, moving from a symbol of extreme volatility to a more stable investment option over the past decade. Notably, Goldman Sachs Group Inc. (NYSE:GS) and Morgan Stanley (NYSE:MS) made substantial investments in spot bitcoin exchange-traded funds (ETFs) during the second quarter of 2024, according to recent regulatory…
NBA Star Jimmy Butler and Ben ‘Bitboy’ Armstrong Settle in Binance Lawsuit
YouTube influencer Ben “BitBoy” Armstrong and Miami Heat basketball star Jimmy Butler have agreed to pay $340,000 in monetary relief to settle claims that they promoted the sale of unregistered securities offered through Binance, according to The Moskowitz Law Firm. The class-action lawsuit brought last March alleges that Armstrong and Butler helped the crypto exchange engage in the sale of…
Stablecoins and Treasury Bills: Crypto’s Impact on Bond Markets
Crypto Stablecoins Enter the Treasury Market In an unexpected development, traditional US Treasury securities are now connected with the volatile cryptocurrency market. Issuers of crypto stablecoins, which are designed to maintain a one-to-one value with the US dollar, have emerged as significant participants in the Treasury market. These issuers are seeking the most secure and liquid assets to back their…