This week, “Deconstruction” focuses on the pressure on Telegram, restrictions on open AI in the US, a system update for Lido, a law against scam centers in Myanmar, and debates around the BIP-110 patch in the Bitcoin network. Pressure on Telegram Governments are simultaneously targeting Telegram through criminal cases. Unlike the 2018 blockades, the scale […]
Analysts at TD Cowen have reduced the price target for SharpLink Gaming shares from $16 to $13 due to weak ETH performance in the second quarter and regulatory delays. This was reported by The Block citing the bank’s report. Experts also revised their year-end forecast for Ethereum to $2370, down from a previous estimate of […]
Over the past 24 hours, Bitcoin has lost 1%, dropping to $64,000. Meanwhile, South Korean stocks showed a sharp rebound following a sell-off. 15-minute BTC/USDT chart on Binance. Source: TradingView. At the time of writing, Bitcoin is trading at $63,800. The rest of the market is also experiencing a lull with a slight correction. Over […]
Crusoe and Aalo Atomics have announced a partnership to create the world’s first AI factory powered by small modular nuclear reactors (XMR). Crusoe and @AaloAtomics are building the first nuclear-powered AI factory. A Crusoe Spark data center at Idaho National Laboratory, powered by Aalo’s nuclear reactor, goes live in 2027. Aalo Pods and power plants […]
On July 30, Situational Awareness, the hedge fund run by former OpenAI researcher Leopold Aschenbrenner, rushed to sell most of its public stock portfolio, CNBC reported, citing sources. Shares of bitcoin miners that the fund held as of March 31 rose 18%–30% in the latest trading session. Overnight deal Ken Griffin’s Citadel agreed to buy […]
IBM CEO Arvind Krishna told CNBC that investments in quantum computing will begin to significantly impact the company’s revenue and profits by 2028 or 2029. The executive also estimated the potential value created by the technology by the end of the 2030s at $1 trillion. On June 30, IBM, in collaboration with Qedma and Algorithmiq, […]
The International Federation of Association Football (FIFA) earned at least $6 million from the resale of digital tickets for the 2026 World Cup. The sports organization retains 5% from each transaction on its own NFT platform, FIFA Collect, and transfers the accumulated share to a major exchange, according to analysts at Chainalysis. Source: Chainalysis. Experts […]
IBM has unveiled results from two collaborative research projects with Qedma and Algorithmiq, which could advance the practical application of quantum computers. The partners demonstrated approaches that not only perform computations beyond the reach of classical supercomputers but also verify the accuracy of the results. According to IBM, this addresses a key challenge in the […]
Initial contracts between Core Scientific and AMD for 530 MW could generate over $14 billion in revenue over 15 years, with the chip manufacturer effectively acting as a credit guarantor for part of the bitcoin miner’s infrastructure. These estimates were provided by Bernstein analysts, according to The Block. On July 28, the companies announced a […]
Seoul police have arrested three members of a fraudulent group that stole 3.4 million XRP tokens (12.3 billion won or approximately $8.5 million) from 71 investors, according to local media reports. The perpetrators posed as developers of the Flare Network ecosystem and promoted a fake XRP staking service from Ripple, promising returns of 1.5–1.8% per […]