Month: May 2024

Semler Scientific surges on new bitcoin treasury strategy

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Semler Scientific, a little-known medical technology company, saw its shares surge Tuesday after it said it has adopted bitcoin as its primary treasury reserve asset, taking a page out of MicroStrategy’s playbook. The company, which develops products used in the detection of peripheral arterial disease, also announced a purchase of 581 bitcoins for about $40 million, inclusive of fees and expenses. The stock soared 30% Tuesday, while bitcoin traded lower by about 2%, according to Coin Metrics. Semler, which has a market capitalization of about $210 million, is down more…

Former FTX Executive Ryan Salame Sentenced to 7.5 Years in Prison

“Ryan Salame agreed to advance the interests of FTX, Alameda Research, and his co-conspirators through an unlawful political influence campaign and through an unlicensed money transmitting business, which helped FTX grow faster and larger by operating outside of the law,” U.S. Attorney Damian Williams said in a statement. “Salame’s involvement in two serious federal crimes undermined public trust in American elections and the integrity of the financial system. Today’s sentence underscores the substantial consequences for such offenses.” Source

What is SegWit? Guide to Bitcoin’s Segregated Witness

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Interested in knowing what is SegWit? Read our in-depth explanation of the technology, its origins, and its uses in the Bitcoin (BTC) network. Staying current with technical innovations in crypto is crucial for anyone involved, whether you’re a miner, trader, or enthusiast. Although a few years old, one noteworthy innovation worth knowing about is segregated witness, commonly known as SegWit. In this article, we will help answer the question, “What is SegWit?” We will break down the technology, explain how it works, and what are its benefits as well as…

$2.9 Billion In Mt. Gox Bitcoin On The Move For The First Time In 5 Years, Where Is It Headed?

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Mt. Gox, a bankrupt Bitcoin exchange based in Shibuya, Tokyo, Japan, has executed a large-scale Bitcoin transfer to several unknown wallets. This move has effectively spooked the broader cryptocurrency market, sparking concerns about potential selling pressures.  Mt Gox Transfers Over $2.9 Billion Worth Of Bitcoin On May 27, Blockchain analytics platform, Arkham Intelligence unveiled a massive Bitcoin transaction initiated by Mt. Gox. The bankrupt Bitcoin exchange transferred a whopping 42,830 BTC valued at $2.9 billion, into several unknown wallets, marking the first transfer in five years.  Related Reading The reason…

Bitcoin Hashrate Hits Record High, Surpasses Pre-Halving Levels

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Bitcoin’s hashrate has rebounded to the historic highs seen just before the fourth reward halving event. According to the seven-day simple moving average, the network’s hashrate reached a record 657 exahash per second (EH/s) this week. Bitcoin Hashrate Reaches Unprecedented 657 EH/s Following a significant drop post-halving, much of the hashrate has returned to the […] Original

Record-Breaking Inflows: Digital Assets Surge as Investment Products Hit New Highs

Digital asset investment products have experienced unprecedented inflows, totaling $1.05 billion this past week alone, pushing the year-to-date figures to a record $14.9 billion. This surge, highlighted in a recent Coinshares flows report, marks a continuous three-week rise, signaling strong investor confidence and a landmark year for digital assets. Bitcoin Leads Digital Asset Inflows Coinshares‘ […] Source CryptoX Portal

Semler Scientific unveils strategy for Bitcoin Treasury

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Semler Scientific ($SMLR) disclosed the purchase of 581 bitcoins for its treasury, sending its stock price higher by 25% in early U.S. trading hours Tuesday. According to its most recent earnings statement, the company, which had a market cap of less than $200 million before this morning’s price rise, had cash and cash equivalents of $62.9 million as of the end of the first quarter. It had first-quarter revenue of $15.9 million and operating cash flow of $6.1 million. According to this morning’s press release, Semler purchased 581 bitcoins (BTC) for…

The Future of AI Is Decentralized

The problem here isn’t with AI at all; it’s the outdated, centralized, X-as-a-Service models, where there’s no incentive either to guarantee the security of their systems or to develop applications that the market and ordinary users want. The preferred future of AI — where it is safe, secure, and, above all, able to draw on vast compute resources — can only be achieved by flipping the cloud on its head and embracing the decentralization revolution. Source