Day: February 9, 2023

Tron Blockchain Commits $100M in Grants to Artificial Intelligence-Focused Projects

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Bitcoin Miner Argo Blockchain Loses CEO

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CryptoX employees, including editorial employees, may receive exposure to DCG equity…

What is decentralized storage, and how does it work?

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Businesses face several problems when storing data on-premises. There are steep technical and cost issues in scaling infrastructure up and down, and maintaining storage area networks is a challenge. One also has to deal with complex problems in data compatibility and security.  These challenges have led to the emergence of a cloud storage model that delivers scalability, agility, security, cost savings and simplicity. Fortune Business Insights expects the global cloud storage market to grow from $83.41 billion in 2022 to $376.37 billion by 2029. Cloud storage enables users to save…

Nigerian President Barred From Extending Old Naira Banknote Demonetization Deadline – Africa Bitcoin News

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With just a few days left before the old naira banknotes are demonetized on Feb. 10 as scheduled, a court in Nigeria has blocked the country’s president, Muhammadu Buhari, and the central bank governor, Godwin Emefiele, from further extending the deadline. Opponents of the central bank’s old naira demonetization plan have asked Buhari and Emefiele to extend the deadline again. CBN Asked to Extend Demonetization Deadline Again A Nigerian High Court recently issued a restraining order that stops the country’s president Muhammadu Buhari and the Central Bank of Nigeria (CBN)…

Crypto lender SALT makes comeback with $64.4 million funding

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The crypto winter and FTX collapse has decimated the ranks of cryptocurrency lenders. Genesis, BlockFi, Voyageur Digital and Celsius Network all filed for bankruptcy in the past seven months, and the contagion may still not be over. But at least one crypto lender appears to be on the comeback trail.  SALT Lending, one of the world’s first cryptocurrency lenders, announced Feb. 8 that it has closed a $64.4 million financing that will strengthen its balance sheet and replenish its capital reserves. Accredited investors will receive shares of the company’s preferred…

US banking giant BNY Mellon says digital assets are ‘here to stay’

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Michael Demissie, the head of digital assets at Bank of New York Mellon (BNY Mellon) is adamant that the cryptocurrency market fall in 2022 won’t waver institutional interest in digital assets.  At a conference run by Afore Consulting on Feb. 8, Demissie said the digital asset industry is “here to stay” as institutional investors have held a strong interest in crypto. “What we see is clients are absolutely interested in digital assets, broadly,” he said, according to a Feb. 8 report from Reuters. Demissie backed up his thoughts by referencing…