Digital Currency Group (DCG) owned mining pool Foundry has laid off 16% of its U.S.-based employees and a “small team in India.” “We are continuously refining our strategy to ensure long-term success and growth in a dynamic market. We recently made the strategic decision to focus Foundry on our core business – operating the #1 … Read more
Tron’s TRX catapulted to a record high early Wednesday, nearly 7 years after its initial release, on no immediate catalysts in a move that liquidated over $21 million in short bets. TRX jumped 76% to over $0.4, reaching a $34 billion market capitalization, with trading volumes exploding from $2 billion on Monday to over $16 … Read more
A crypto analyst says a “flash crash is likely” but views it as a buying opportunity, signaling optimism for the long term.
Sweeping proposed changes would force most crypto firms in Australia to obtain financial licensing, which some worry could drive innovators offshore.
When we think of altcoins like XRP and their sudden price bursts, the first thing that comes to mind is South Korea, which has a reputation for heavily engaging with alternative coins. While Korean investors have contributed to XRP’s impressive 30-day price surge of over 400% to $2.60, they’re not the only game in town. … Read more
Safenet aims to be a layer connecting existing blockchains and allow users to interact with any chain through a single account.
Two crypto-friendly women are being considered to lead the Commodity Futures Trading Commission (CFTC), according to a report from Fox Business. President-elect Donald Trump, according to Fox, is considering appointing either Perianne Boring or Caroline Pham – who both have pro-crypto credentials – to lead the Commodity Futures Trading Commission (CFTC), which under a Trump … Read more
Hut 8 has argued a lawsuit from its shareholders arose “from a short seller’s attempt to obtain a monetary gain on its short position” in the crypto miner.
Comments
A crypto analyst highlighted significant Bitcoin inflows to crypto exchanges from whales, who are still holding back on making any major moves.
Enron is back from the dead 23 years after its massive fraud put into bankruptcy, with the pranksters who have seemingly taken over the brand hinting at launching a token.
Funds are shifting from Bitcoin and newer tokens, like meme coins, to older, undervalued projects including Tron, Decrypt was told.
Katsukokoiso.AI is a project from professional photographer Eugenio Marongiu, an alpha tester on OpenAI’s text-to-video model Sora. Marongiu used the unreleased Sora model to create a piece titled “Surreal Elderhood,” which aims to balance absurdity and striking realism. Earlier users of Sora pointed out the system can be tricky to work with and can’t be … Read more
Attorneys for Ver asked a federal judge to throw out the case, citing unclear regulations and claiming government trickery.
Comments
Roger Ver argued that the IRS’ exit tax for renounced US citizens with over $2 million in assets is unconstitutional and “impermissibly vague.”
Hydra market founder Stanislav Moiseev and 15 of his accomplices were jailed for between 8 and 23 years for their involvement in the darknet market and crypto mixer.
Bitcoin price cooled off at the start of December, but several bullish catalysts support investors’ belief that $100,000 BTC is around the corner.
Image: Ubisoft Despite only officially launching the game in spring of this year, Ubisoft has already announced that it’s ending development and sunsetting its free-to-play team-based shooter XDefiant. Like Hyper Scape before it, XDefiant had high expectations, with Ubisoft touting more than 1 million players in its closed beta last year. Now, it will disappear … Read more
The rise comes amid growing concerns about DEX vulnerabilities, with one bot reportedly stealing $40 million in just three months.
Altcoin season has arrived: From Dogecoin and XRP to Tron and even metaverse tokens, traders are seeking heady gains following Bitcoin’s meteoric rise.
HuggingFace’s CEO warns that open source Chinese AI models risk spreading censorship worldwide. © 2024 TechCrunch. All rights reserved. For personal use only.
Image: Vizio After announcing plans to acquire Vizio in February, Walmart officially owns the company after the $2.3 billion transaction closed on Tuesday. The retail giant says the acquisition will help bolster its advertising business, as Platform Plus — the TV-maker’s advertising and data division — “accounts for all the company’s [Vizio’s] gross profit.” All … Read more