Renewable Bitcoin (BTC) mining firm Iris Energy is set to increase its total hash rate to 10 exahashes per second (EH/s) in 2024 by acquiring new Bitmain T21 mining rigs. The company announced it had acquired an additional 1.6 EH/s of Bitmain T21 miners, set for delivery in the second quarter of 2024. The company currently has 5.6 EH/s of operational […]

Montenegro’s Prime Minister, Milojko Spajić, has recently made headlines by joining the growing list of state leaders who own Bitcoin. This development marks a significant step in the country’s engagement with the world of cryptocurrency, signaling a broader interest in exploring the potential of digital assets. Embracing Bitcoin’s Potential The Prime Minister’s entry into Bitcoin ownership comes amidst discussions about […]

The COVID-19 pandemic, rampant inflation and regional conflicts directly influenced Bitcoin’s (BTC) drop in value over the past two years. However, 2024 promises to be a resurgent period, according to Blockstream CEO Adam Back. The cryptographer, who pioneered the proof-of-work algorithm applied in Bitcoin’s protocol, tells Cointelegraph that the preeminent cryptocurrency is trailing below the historical price trend line of […]

A report from crypto firm Paxos has revealed that 99% of the U.S. financial services companies it surveyed put as much or more focus on crypto projects this year than in previous years. Paxos surveyed 400 executives from United States-based financial services companies with at least five million users and $50 billion in assets under management or $50 billion annual […]

OpenAI has opened applications for the second cohort of its six-week program for artificial intelligence (AI) startups, Converge 2, through which it will invest $1 million into each of the 15 successful participants selected.  The organization behind ChatGPT announced that the initiative, accessible worldwide, is aimed at individuals like engineers, designers, researchers, and product builders utilizing AI for innovative purposes. […]

Austin Hilton, a notable cryptocurrency analyst, recently shared insights into the ongoing debates encircling XRP Price, shedding light on its current trajectory and future potential. Despite the discord within the crypto community, Hilton maintains an optimistic outlook on XRP’s future. He emphasizes that, both fundamentally and technically, XRP appears poised for significant growth, potentially breaching the $4 mark or even […]

In a recent exclusive interview on CNBC’s “Money Movers” aired on December 14, 2023, Gary Gensler, the Chairman of the United States Securities and Exchange Commission (SEC), disclosed insights into the present status of applications for the approval of a spot Bitcoin exchange-traded fund (ETF). Gensler revealed that the SEC is currently reviewing between eight to twelve applications for these […]

Amidst a burgeoning trend of major players filing for Bitcoin exchange-traded funds, esteemed investment management company First Trust Portfolios, L.P. has submitted its Form N1-A filing to the United States Securities and Exchange Commission. This submission reveals plans for an innovative investment tool—the Bitcoin Buffer ETF. The Bitcoin Buffer ETF is designed to leverage positive price returns from the Grayscale […]

Imagine a future where a player is able to rent an in-game item via blockchain, giving them tools to pass a difficult level, or borrow an NFT that gives them the ability to try a new game on their wishlist. Such a feature is one that Polemos co-founder Richard McLaren is hoping will one day become the norm, along with […]