Crypto News
Bitcoin Miner IREN Surges on Renewed AI Interest, Possible BTC Dividend Payment
Bitcoin miner IREN (IREN) rose nearly 30% on Wednesday after executives said the company had received interest from an artificial intelligence (AI) firm and mentioned a potential dividend in BTC during an earnings conference call.The Sydney-based company has been approached by a hyperscaler firm (large cloud service provider) for potentially hosting computing infrastructure at IREN's Sweetwater mining site in Texas, co-CEO and co-founder Daniel Roberts said on the call."Two hours ago, we got an email from a trillion-dollar hyperscaler that said they weren't interested in Sweetwater, and now they are," Roberts said without giving out too many details."We will continue not to provide guidance on specific terms or timing, given the uncertainties. Given the nature that we are dealing with...
Bitcoin Layer-2 GOAT Network Will Let Users Stake Dogecoin to Earn Crypto
GOAT Network said that Dogecoin holders can lock up their meme coins to help secure the yet-to-be-launched Bitcoin layer-2.Source link
Publicly Listed Chinese Firm SOS Commits $50 Million to Bitcoin Investment Amid Market Surge
SOS Ltd., a company involved in blockchain operations and cryptocurrency, has announced plans to allocate $50 million toward the purchase of bitcoin (BTC). SOS Invests $50 Million in Bitcoin According to the announcement, the initiative aims to bolster the company’s blockchain strategy while leveraging the growing prominence of bitcoin as a digital asset. The decisionSource link
Should SOL be Trading at a 70% Discount to ETH?
Solana was trading at 97% discount to ether’s market cap in January of 2023 – a clear market dislocation that has closed significantly over the last two years.Today the gap has closed to a 70% discount.However, solana is starting to challenge ether in terms of on-chain activity and important network usage KPIs.Which begs the question: Is the market still dislocated?In this short piece, we explore this key question with relative analysis across four key data points. Let’s dive in.Network FeesData: Artemis, The DeFi Report, Gas Fees Only (does not include MEV). Please note that we’ve included the following L2s in the comps data: Arbitrum, Base, Optimism, Blast, Celo, Linea, Mantle, Scroll, Starknet, zkSync, Immutable, and Manta Pacific.L2s create new demand...
Vitalik Buterin Donated $1M in Ether to Coin Center Hours After Tornado Cash Victory
Ethereum co-founder Vitalik Buterin donated 320 ether — worth over $1 million — to crypto think tank Coin Center on Tuesday night, according to blockchain data.Buterin’s donation came mere hours after a U.S. appeals court overturned U.S. sanctions against embattled crypto mixing service Tornado Cash, ruling that Tornado Cash’s smart contracts “are not the property of a foreign national or entity” and thus cannot be blocked under the International Emergency Economic Powers Act (IEEPA). By imposing sanctions on Tornado Cash, the Treasury Department’s Office of Foreign Asset Control (OFAC) “overstepped its congressionally defined authority,” the court ruled.Read more: Tornado Cash Sanctions Overturned by U.S. Appeals CourtCoin Center has been a key player in the crypto industry’s fight against the U.S....