Black Pearl, a subsidiary of bitcoin miner Cipher Mining, will conduct a private placement of $2bn in senior notes due 2031. The issuer will use the proceeds to complete a data centre focused on high-performance computing (HPC) services in Wink, Texas. The capital will also allow Cipher to reimburse about $232.5m previously advanced to the […]
The venture fund Y Combinator (YC), operating as a business incubator for startups, will enable project founders to receive funding in stablecoins, according to The Block. This option will be available not only for crypto-focused initiatives but for all YC-supported startups across various sectors, as clarified by the accelerator’s visiting partner, Nemil Dalal, to the […]
The German branch of ING bank has opened access for retail clients to exchange-traded notes (ETNs) focused on cryptocurrencies. These instruments allow investment in Bitcoin, Ethereum, and Solana through a familiar banking interface. The products are issued by providers 21Shares, Bitwise, and VanEck. These are physically backed instruments traded on regulated exchanges via the Direct […]
The world’s largest family offices have turned their attention to artificial intelligence, leaving cryptocurrencies overlooked, according to a report by JPMorgan. The bank surveyed 333 management companies from 30 countries. Sixty-five percent of respondents view AI technologies as a priority investment area. Only 17% (56 offices) consider digital assets a key topic. Cryptocurrencies are virtually […]
The founder of Aave, Stani Kulechov, has purchased a five-story Victorian mansion in the prestigious Notting Hill area of London for £22 million (approximately $30 million). The transaction ranks among the most expensive residential property purchases in the city over the past year, according to Bloomberg. According to the agency, the businessman completed the deal […]
The HYPE token appreciated by 21.9% following developers’ announcement of support for the HIP-4 proposal. The initiative involves launching prediction markets based on Hyperliquid. HyperCore will support outcome trading (HIP-4). Outcomes are fully collateralized contracts that settle within a fixed range. They are a general-purpose primitive that are useful for applications such as prediction markets […]
Analysts at Bernstein expect the current slump in crypto markets to give way to a recovery in the first half of 2026, The Block reported. They estimate the present bear phase will end when bitcoin revisits the previous cycle’s highs near $60,000. On February 2 the price of the leading cryptocurrency slipped below $75,000. At […]
Corporate holders of Ethereum have incurred hefty paper losses after the market correction. The largest holder, BitMine, has lost $6.95bn in unrealised value. The firm bought coins at an average of $3,883, while the price has slipped to $2,240. Source: BitMineTracker. Investor Ross Gerber commented on BitMine founder Tom Lee’s unrealised loss on Ethereum positions, […]
India has proposed zero taxes for foreign cloud service providers until 2047 on services sold outside the country. The mandatory condition is to perform workloads from Indian data centers. On February 1st, Finance Minister Nirmala Sitharaman proposed tax holidays—effectively zero taxes—on income from cloud services that firms earn abroad. Sales to Indian clients will be […]
Elon Musk’s SpaceX has submitted a request to the U.S. Federal Communications Commission for permission to launch a constellation of 1 million satellites for data processing centres. The company likely anticipates that regulators will not approve such an extensive network and is using the inflated figure as a starting point for negotiations. The project envisions […]
