The updated reorganization plan “reflects substantial agreement on certain key issues,” the filing said, but added that Genesis, its creditors and other stakeholders reserve their position in negotiations that are still ongoing. In April, for a 30-day period that was subsequently extended, the court appointed a mediator to resolve differences, including the DCG issue. Source
Month: June 2023
Two Bitmain Mining Machines Account for More Than 60% of Computing Power on the Bitcoin Network
The Antminer S19j Pro accounts for 34.3% of the network hashrate and the S19 for 28.1%, and they have been the most used machines on the network since March 2021, Coinmetrics found. The Antminer S19 XP accounts for another 13.7% of the network hashrate, said the report. Meanwhile, MicroBT’s M50 is below the threshold of detectability, the researchers said. Source
Adidas, FEWOCiOUS Releasing Digital and Physical NFT Sneaker
Tier Two will give presale access at regular price to holders of at least one ALTS by Adidas NFT ALT[er] Egos and all FEWOCiOUS NFT Holders. Tier Three is for any holder of at least one NFT from Gmoney’s Admit One, Bored Ape Yacht Club, Doodles, Inhabants: Generative Identities or Farokh’s Rug Radio collections. Source AdidasDigitalFEWOCiOUSNFTPhysicalReleasingSneaker CryptoX Portal
Generative AI Video Platform Synthesia Raises $90 Million at $1 Billion Valuation
Through the latest funding, the firm aims to make video creation easy for everyone and has already served many businesses worldwide. Synthesia, a leading artificial intelligence (AI) company based in London, has successfully raised $90 million in a series C funding round, bringing its total valuation to $1 billion. The company’s groundbreaking AI technology, Synthesia, enables enterprise users, including HR professionals and marketers, to create high-quality video content in 15 minutes without needing traditional camera setups or professional studios. On June 13, Synthesia officially announced the completion of its latest…
SEC lawsuit sheds light on Coinbase’s management
The lawsuit brought by the United States Securities and Exchange Commission (SEC) against Coinbase Global on June 6 is raising questions about the crypto exchange’s approach to managing the ongoing crypto crackdown. In a recent interview with Cointelegraph, venture capitalist Kevin O’Leary criticized Coinbase’s strategy to address the current regulatory environment. “Its market cap was decimated [by the SEC suit], and the management there seems to want to keep taking on the SEC over and over and over again,” said the serial entrepreneur in reference to the 17.4% drop in Coinbase’s…
Snoop Dogg Launches Evolving Digital Collectible, the Passport Series
“Throughout my career, I’ve always been pushing things forward,” said Snoop Dogg in a press release. “With the passport series, I can give my fans the opportunity to travel the world with me – no one’s ever done that. I’ve always been a pioneer, and digital merch is part of the future. I’m hoping other artists can see what I’m doing and continue to innovate on their own.” Source
From Abacus to quantum computers
From the earliest mechanical devices to the most advanced quantum computers of the present, the history of computing is a fascinating trip spanning thousands of years. Let’s explore the significant turning points in computing history, starting with the abacus and progressing through quantum computers. Abacus (3,000 BCE) The abacus, which dates back to 3,000 BCE, is frequently cited as the earliest known computer device. To accomplish fundamental arithmetic computations, a set of rods or wires with beads were pushed back and forth. Mechanical calculators (17th to 19th centuries) Several mechanical…
Bitcoin Miners Transfer $174M Worth of Coins To Exchanges in 2 Weeks
CryptoX – Cryptocurrency Analysis and News Portal Data from Glassnode shows miners or entities minting coins by verifying transactions on the blockchain have moved 6671.99 BTC ($174 million) to exchanges since May 31. On June 3 alone, miners moved 2,606 BTC to exchanges, the largest single-day tally in over four years. Original Source The post Bitcoin Miners Transfer $174M Worth of Coins To Exchanges in 2 Weeks appeared first on CryptoX. CryptoX Portal
Bitcoin Miners Transfer $174M Worth of Coins to Exchanges in Two Weeks
Data from Glassnode shows miners or entities minting coins by verifying transactions on the blockchain have moved 6671.99 BTC ($174 million) to exchanges since May 31. On June 3 alone, miners moved 2,606 BTC to exchanges, the largest single-day tally in over four years. Original
Bitcoin price rejects CPI boost as market Fed rate pause odds near 95%
Bitcoin (BTC) fell back in line at the June 12 Wall Street open after a brief macroeconomic data jolt failed to shift the status quo. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Markets expect first Fed pause since 2021 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD continuing to circle $26,000, avoiding major volatility. The largest cryptocurrency saw a brief spike toward $26,500 on the back of the latest United States Consumer Price Index (CPI) print, which came in below expectations. While ostensibly a boon to risk assets,…