Tag: Report

Intel will stop manufacturing chips for Bitcoin miners: Report

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Major United States-based technology company Intel has reportedly announced plans to discontinue its line of Blockscale Bitcoin mining chips as part of efforts to cut costs. According to an April 18 Reuters report, the semiconductor chip manufacturing company will stop taking orders for the Blockscale 1000 Series ASICs by Oct. 20 and end shipping roughly in April 2024. Intel reportedly said the move was aimed at a strategy of prioritizing the manufacturing of certain chips to outside customers, cutting overall costs. Intel launched the Blockscale mining chips in April 2022,…

FTX Reboot Plan Attracts Interest From VC Firm Tribe Capital: Report

Tribe, whose portfolio included FTX ahead of its dramatic collapse in November, is considering leading a $250 million fund raise, with a $100 million commitment from itself, according to the report. A source told Bloomberg that Tribe Capital co-founder Arjun Sethi met with FTX’s official committee of unsecured creditors in January to go over an informal proposal. Source AttractsCapitalFirmFTXInterestPlanRebootReportTribe CryptoX Portal

Microsoft is developing its own AI chip to power ChatGPT: Report

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Microsoft has secretly been developing its own artificial intelligence (AI) chips to deal with the rising costs of development for in-house and OpenAI projects, per a report from The Information.  Reportedly in the works since 2019, Microsoft’s recently revealed hardware venture appears to be designed to reduce the Redmond company’s reliance on Nvidia’s GPUs. SCOOP: Microsoft has been developing an AI chip in-house since 2019, codenamed Athena. Msft hopes the chip will help it control the cost of powering large-language models, the one behind OpenAI’s ChatGPT. w/ @waynema https://t.co/m88oS1KSt7 @theinformation…

Coinbase may face years-long court battle with SEC, CEO warns: Report

United States cryptocurrency exchange Coinbase is gearing up for a lengthy legal battle with the Securities and Exchange Commission (SEC) after the regulator warned the company of potential securities law violations, CEO Brian Armstrong told CNBC in an interview on April 18. Coinbase received a Wells notice from the U.S. SEC on March 22, indicating a possible enforcement action. The notice is usually the last step before the regulator files charges. In response, Armstrong expressed disappointment and revealed that the company had not received any clear details from the SEC about…

Bank of America (BAC) Shares Ticks 2% in Pre-Market after Impressive Q1 2023 Report

The company’s investors are bullish on the BAC stock following the earnings release. American multinational financial services giant Bank of America Corp (NYSE: BAC) has released its first quarter (Q1 2023) performance report which shows significant growth milestones. According to details shared by the bank, its revenue came in at $26.39 billion as against the $25.13 billion expected from analysts. The Charlotte, North Carolina Headquartered bank also saw a shift in its Earnings Per Share (EPS), recording a total of 94 cents as against the 84 cents profiles by analysts.…

Developers Stay Resilient Through Harsh Crypto Winter, Report Says

“It’s certainly not easy to survive a crypto bear market and the longer it goes, the more challenging it can be,” said Shah. “But what we’re noticing is most of the builders who are in the space are here for the technology, and so many people certainly look forward to a return in more top-line metrics like prices, and a lot of new projects being launched and new funding entering the space.” Source

African blockchain ventures outpace global funding growth: Report

The African continent continues to be a fertile ground for the growth and implementation of blockchain technology. In the African Blockchain Report 2022 by Crypto Valley VC, it was stated that blockchain deals in Africa raised a total of $474 million, resulting in a 429% increase in African blockchain venture funding. This growth in funding for African blockchain ventures surpassed the global average, which only saw a 4% increase in blockchain funding. According to the report, African blockchain funding demonstrated a growth rate that was over 12.5 times higher than…

Total Arbitrum accounts surpass 5M after airdrop hype: Report

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According to statistics compiled by user @Henrystats on Dune Analytics, the number of accounts, or wallet addresses, for Ethereum layer-2 scaling solution Arbitrum (ARB) surpassed 5 million on Apr. 17. Aside from individual addresses, there are now more than four million active accounts in the ARB ecosystem with nearly 200 million transactions having been completed since inception. The growth has come on the back-end of both a busy development cycle for Arbitrum and the hype surrounding its Mar. 23 airdrop, an event that saw the distribution of 1.275 billion ARB…

Crypto Investments Report Positive Flows for Fourth Consecutive Week: CoinShares

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