A Justice of the Brazilian Supreme Court has mandated the suspension of the social media service X within Brazil following Elon Musk’s refusal to designate a legal representative for the company. A recent report from the Associated Press on August 30 noted that Justice Alexandre de Moraes moved to halt the operations of X in […]
BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF) experienced its second significant withdrawal day since its introduction in January. On August 29, the fund saw a net withdrawal of $13.5 million, marking only its second major outflow after a $36.9 million withdrawal on May 1. Data from Farside Investors highlighted this day as one of […]
In a remarkable stroke of luck, a lone Bitcoin miner recently secured a significant windfall by validating a Bitcoin block, earning just shy of $200,000. This miner successfully validated block number 858,978 at 4:21 pm UTC, as per details from the Bitcoin block explorer Mempool.space. This block included 2,391 transactions, earning the miner a reward […]
Elon Musk, alongside his company Tesla, successfully secured the dismissal of a legal claim alleging they had manipulated Dogecoin’s market value, purportedly causing $258 billion in losses. The decision to dismiss the case was handed down on August 29 by Judge Alvin Hellerstein of the U.S. District Court for the Southern District of New York. […]
Pavel Durov, the creator and CEO of the popular messaging platform Telegram, has been released on bail after being detained and formally charged by authorities in France, following his court appearance. An article from Bloomberg dated August 28 indicated that the French legal system has accused Durov of several criminal activities connected to his operational […]
Cryptocurrencies linked to artificial intelligence experienced significant drops shortly after Nvidia unveiled its earnings for the second quarter of 2024. Although Nvidia’s earnings exceeded forecasts, the figures did not meet investor expectations. Following the earnings announcement, the value of Artificial Superintelligence Alliance (FET) decreased by 7.8% to $1.16, Bittensor (TAO) dropped 4.5% to $295.22, and […]
Nvidia’s recent earnings announcement exceeded expectations as Colette Kress, the CFO, revealed that the company generated $30 billion in revenue for the second quarter, surpassing forecasts by $2 billion. This robust performance is poised to uplift the artificial intelligence industry as trading resumes on Thursday, Aug. 29. The Q2 earnings presentation, which occurred on Aug. […]
Toncoin (TON), the native cryptocurrency of the TON blockchain, has resumed block production after an almost six-hour interruption caused by an unexpected spike in network activity. When a blockchain stops producing blocks for a prolonged period, it raises concerns about the network’s stability. Such disruptions can potentially create security vulnerabilities and delay transactions. While these […]
Long-term Bitcoin holders have collectively invested a notable $10 billion in acquiring the cryptocurrency and have been holding back on selling as the asset’s value continues to drop from its 2021 peak, according to an analysis. Long-term holders less likely to panic-sell “For the first time, the realized capitalization of long-term holders has surpassed $10 […]
On August 28, Sony Block Solutions Labs (Sony BSL) introduced the Soneium Minato public testnet and the Soneium Spark incubator. The layer-2 Soneium blockchain, crafted by Startale Labs, a Singapore-based subsidiary of Sony, had its initial launch a week prior, marking Sony’s most significant venture into the Web3 arena to date. Bootstrapping, the Sony way […]