Author: Admin-aX9d7
A groundbreaking study from the Cambridge Centre for Alternative Finance (CCAF) claims that the United States now dominates Bitcoin mining, controlling as much as 75.4% of the global hashing power. “The U.S. has solidified its position as the largest global mining hub (75.4% of reported activity),” the CCAF reports, based on a survey of 49 mining firms representing nearly half the Bitcoin network’s hashrate. This concentration, equating to roughly 600 exahashes per second (EH/s) of the global 796 EH/s, raises a pressing concern: Is Bitcoin mining becoming dangerously centralized in the U.S., and what risks does this pose for the…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. After closing out last week in the green, stocks were back on the decline Monday as investors waited for more signs from the White House that trade deals are in the works. The forces that moved equities last week were 1) Trump’s confirmation that he would not look to fire Fed Chair Powell and 2) Treasury Secretary Scott Bessent’s comments on the “unsustainable” situation with China. So far today, we just haven’t seen similar optimism. Bessent, during a CNBC appearance this morning, put the ball in…
16h05 ▪ 4 min read ▪ by Luc Jose A. Ripple is preparing a major move. With the acquisition of the broker Hidden Road for $1.25 billion, the crypto company is not just strengthening its arsenal. According to lawyer John Deaton, Ripple aims much higher: capturing a share of an institutional market estimated at $16 trillion. Behind this discreet operation lies a gigantic ambition: to become one of the pillars of the finance of tomorrow. In Brief Ripple acquires Hidden Road for $1.25 billion and reveals ambitions far beyond traditional payments. Hidden Road handles over $3 trillion in annual transactions…
In brief After sunsetting Zed Run, Virtually Human Studios is back with Zed Champions. The game will operate on Base, the Ethereum layer-2 network from Coinbase. Legacy Zed Run horses will not transfer over to the new game, which centers on the ZED token. After winding down its Zed Run digital horse racing game on Ethereum scaling network Polygon, Virtually Human Studios is relaunching a new, reimagined version called Zed Champions on Base, the Ethereum layer-2 network created by Coinbase. The platform’s public launch is set to take place Monday evening at 8pm ET. Like the previous version of Zed, users…
This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Loopscale Labs had one tough weekend. Bad actors on Saturday exploited Loopscale’s pricing functions to make loan collateral seem worth more than it really was, resulting in the theft of approximately $5.7 million in USDC and 1,200 SOL (or around 12% of the platform’s total assets.) It’s obviously not ideal to suffer an exploit just two weeks after launching, but this isn’t your typical “DeFi protocol caught with its pants down” moment. On the contrary, many DeFi folks have rallied behind Loopscale’s response to the exploit, applauding…
Social media platforms lit up with complaints this week as users vented about OpenAI’s chatbot’s increasingly effusive praise.”I asked it how long bananas take to break down, and it answered with ‘Amazing question!’ Like WTF is amazing about that?” Reddit user scoldmeforcommenting asked.Others took to X (formerly Twitter) to air their frustrations, with Rome AI CEO Craig Weiss calling ChatGPT “the biggest suck-up (he’s) ever met” for validating every input. The sentiment spread quickly, with many users sharing similarly annoying experiences.While having a friend who’s always complimenting you might offer you a nice vibe, some users believe something more sinister…
The digital asset market faced another challenging week, with $795 million in outflows recorded across crypto investment products, according to CoinShares‘ latest weekly report.This marks the third consecutive week of declines, underlining growing caution among investors navigating global economic headwinds.The ongoing streak of negative sentiment has pushed total outflows since early February to $7.2 billion. These withdrawals have nearly erased 2025’s earlier gains, leaving net inflows for the year at a modest $165 million.CoinShares’ Head of Research, James Butterfill, noted that much of the recent investor caution stems from renewed tariff tensions involving the United States and China.Last week, the United States…
The year 2025 marks the emergence of a new dynamic in the crypto market. While Bitcoin continues to dominate the market, recently reaching $94,000, altcoins are carving out their own path with a market capitalization now reaching $1.05 trillion. L’article Altcoins’ Surprising Strength In Bitcoin’s Shadow est apparu en premier sur Cointribune.
If you haven’t heard, there’s a huge court battle playing out between two HR and payroll services rivals, Rippling and Deel (they’re both suing each other). So, what does this have to do with our industry? Well, there’s a separate ongoing court case happening between two crypto companies. It’s a little complicated, so bear with me. In December of last year — so before Rippling filed its suit — Toku accused its rival firm, Liquifi, and its new general counsel, Benjamin Snipes, of stealing thousands of files containing sensitive business information after Snipes left Toku on not-so-pleasant terms. The lawsuit…
The hacker behind the $5.8 million recent Loopscale exploit is in talks to return the stolen funds in exchange for a bounty, the Solana-based protocol said. The exploiter pilfered approximately 5.7 million USDC (USDC) and 1,200 Solana (SOL) tokens from two of Loopscale’s yield vaults on April 26, prompting the decentralized finance protocol to temporarily pause its lending markets. The following day, the hacker sent a message on the Etherscan blockchain scanner “indicat[ing] a willingness to return the exploited funds in exchange for a bounty,” Loopscale said in an April 27 X post. “We are agreeable to collaborating with you to reach a…