Day: May 9, 2023

Bitcoin Miner Marathon Digital in JV for Immersion Cooled Bitcoin Mining in Abu Dhabi

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The new project – named Abu Dhabi Global Markets JV Entity (ADGM) – will first develop two mining sites with a combined capacity of 250 megawatts (MW) of mining power, according to a press release. The sites will be powered by excess energy in Abu Dhabi, increasing the base load and sustainability of that Middle Eastern capital’s power grid, the statement continued. The necessary mining equipment and infrastructure for each site has already been ordered and construction is currently underway. Original

Litecoin LTC Transactions Hit All-Time High as Bitcoin BTC Fees Surge Amic BRC-20 Memecoin Frenzy

On May 8, Litecoin executed more than 525,000 transactions in a day, coming close to Bitcoin’s 575,000 daily transactions, according to blockchain data from BitInfoCharts. It is five times the average number of transactions on the Litecoin blockchain compared to earlier this year and more than double the previous all-time high near the peak of the bull market in January 2018. Source

A Eulogy for a Day Trader’s Exchange

Crypto class of 2017, of which I consider myself a part, was pampered in many ways. Unlike the bitcoin early adopters who, before the advent of cryptocurrency exchanges, literally had to meet up in person if they wanted to exchange coins,, or the saps who only had “enterprise blockchain” to get excited about, much of the infrastructure the industry now takes for granted was already laid out before the first major token mania. I bought my first fraction of a bitcoin using a credit card via Coinbase, easily. And when…

Worldcoin Launches World App to Bolster Decentralized Identity and Finance for Mass Adoption – Bitcoin News

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Worldcoin, the project supported by Openai CEO Sam Altman, has launched the World App to complement the release of World ID. The application aims to democratize decentralized identities and finance by utilizing World ID to enable users to sign into different websites, crypto applications, and share personal data in a privacy-focused manner. Worldcoin Unveils World App The Worldcoin project made an announcement on May 8, 2023, revealing the launch of their new World App. The application dubbed the “minimalist wallet” is designed to bring “decentralized identity and finance” to the…

Shaquille O’Neal claims process servers ‘tossed’ FTX legal papers at his moving car

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Lawyers for NBA star Shaquille O’Neal, who previously endorsed the now-bankrupt crypto exchange FTX, have claimed two process servers inadequately delivered legal documents after previously failed attempts. In a May 8 filing for United States District Court in the Southern District of Florida, Shaq’s legal team said following “a failed motion to serve” the NBA star, two process servers “tossed” papers for a legal complaint in front of his moving car. According to the filing, Shaq did not stop to pick up the papers, but left them in the road.…

Bitcoin Cash Rises 11% but Gains Could Be Short-Lived

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BoE fintech head says crypto doesn’t ‘fulfill any of the functions of money’

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The Bank of England’s director of fintech, Tom Hutton, recently spoke out on the United Kingdom’s plans to institute a central bank digital currency (CBDC) at the Financial Times Cryptocurrency and Digital Assets Summit in London.  LIVE: Crypto and Digital Assets Summit Day 1. Tune in to hear leaders from across the industry debate the trends that are shaping the future of Crypto: https://t.co/ZiWtmb5j5M Follow the thread below for key highlights pic.twitter.com/dNxGemJGzf — Financial Times Live (@ftlive) May 9, 2023 According to a report, Hutton’s talk focused on privacy and…

5 ways AI is helping to improve customer service in e-commerce

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Artificial intelligence (AI) has revolutionized the e-commerce industry in recent years. One of the most significant ways in which AI is impacting e-commerce is by transforming customer service. AI-powered customer service technologies are becoming more common, and they are helping to improve the customer experience in numerous ways. This article will discuss how AI improves customer service in e-commerce, with examples of companies using these technologies to their advantage. Chatbots AI-driven chatbots are assisting online retailers in offering prompt and effective customer support. Without human assistance, chatbots may provide 24/7…

BRC-20 tokens surpass $1B market cap as wallet providers prepare integration

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On May 9, the total market capitalization of BRC-20 Bitcoin tokens surpassed $1 billion, with a total trading volume of $207.7 million in the past 24 hours. Some of the most notable deployed tokens include ORDI, NALS, VMPX, PEPE and MEME, with price variance of between +11% and -55% within the past day. According to analysts at multichain wallet BitKeep, the BRC-20 token standard is a novel form of fungible token that “employs Ordinals and Inscriptions to create and manage token contracts, token minting, and token transfers, which are stored on…