Tag: Report

OpenAI looking at producing AI chips in-house: Report

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OpenAI, the company behind artificial intelligence chatbot ChatGPT, is reportedly exploring the possibility of manufacturing processing chips in-house amid a global shortage of the expensive and difficult to produce hardware. An Oct. 5 Reuters report citing people familiar with the matter said OpenAI has even evaluated an unnamed company as a potential target for an acquisition to help with its AI chip making ambitions. The company has not yet decided if it will move on the acquisition. OpenAI has also been internally discussing a number of other options to address…

Nearly half of crypto users invest to boost living standards: Report

Approximately 50% of crypto users are investing in digital assets to improve their everyday living standards. According to a new survey by crypto exchange Bitget published on October 5, 46%, 44%, and 41% of respondents in South Korea, Canada, and Turkey said improving their living standards is their greatest financial goal when investing in digital assets. Meanwhile, around 36% of respondents in Malaysia and Taiwan said enhancing their family’s quality of life was more important than other aspirations.  Around 27% of female crypto investors in the U.S. and Turkey said…

Time to ‘pull the brakes’ on Ethereum and rotate back to Bitcoin: K33 report

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The relatively lackluster performance of nine new Ethereum futures exchange traded funds (ETFs) has prompted analysts at K33 Research to urge a “rotate back” into Bitcoin (BTC).  In an Oct. 3 market report, analysts Anders Helseth and Vetle Lunde said that it’s “time to pull the brakes on ETH and rotate back into BTC,” with the initial trading volume of Ether futures ETFs only accounting for 0.2% of what the ProShares Bitcoin Strategy ETF (BITO) amassed on its first day of trading in Oct. 2021. While the analysts noted that…

Su Zhu’s $36M mansion transformed into eco-farm post-3AC collapse: Report

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Crypto businessman and fugitive Su Zhu’s $36 million luxury real estate in Singapore has been converted into an eco-farm.  According to recent local media reports, Zhu’s residential property in the city-state’s upscale Yarwood Avenue has been rebranded as “Yarwood Homestead” and operated by Abundant Cities, a company his wife, Evelyn Tao, co-founded. Through ecological design and agroecology, the firm transformed the mansion’s gardens into a mini farmland, producing vegetables, herbs, fruits, fish and poultry. In addition, the bungalow’s front lawn has been reworked into 36 vegetable gardens, growing okra, spinach,…

Alameda sent $4.1B of FTT tokens to FTX before crash: Nansen report

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Blockchain data analysts from Nansen have revisited the days leading up to the collapse of FTX, including the transfer of $4.1 billion worth of FTT tokens between the exchange and Alameda Research. A Nansen report shared with Cointelegraph reveals unique observations from the blockchain analytics firm, highlighting the close relationship between the two companies founded by Sam Bankman-Fried as the former FTX CEO appears in court to face a litany of charges relating to the collapse of the exchange. The collapse of FTX is widely reported to have been sparked…

An on-the-ground report – Cointelegraph Magazine

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In Cuba’s capital, Havana, a Bitcoin community has emerged from an economically antagonistic environment.“Satoshi didn’t create Bitcoin for Cubans, but it really comes in handy for us,” Forte, co-founder of the aptly named local Bitcoin organization Cuba Bitcoin, tells Magazine. Cubans are turning to Bitcoin because their money is increasingly worthless. Zimbabwe, Venezuela and Lebanon often compete for media coverage about runaway inflation levels, but the Cuban peso is not far behind. The Cuban peso has devalued so much over the last few years that carrying bags of cash is…

Cardano stablecoin project gambled away investors’ money before rug: Report

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In 2021, Ardana Labs claimed it would provide an innovative stablecoin platform for the Cardano network. The new project, called “Ardana,” would allow investors to lock up crypto collateral and mint fiat-pegged stablecoins, including a U.S. dollar-based token called dUSD. It raised $10 million from investors that year, but it suddenly closed up shop in November 2022, citing “funding and project timeline uncertainty.”  Some investors blamed the loss on the “crypto winter” of 2022, during which many legitimate projects went bust from lack of funding in the extended bear market.…

Bitcoin drives digital asset inflows for the first time in 6 weeks: Report

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Cryptocurrency assets experienced inflows for the first time in six weeks during the week of Sep. 22-28, according to the latest Digital Asset Fund Flows Weekly Report from European digital assets management firm CoinShares. Bitcoin was the biggest gainer with inflows in the amount of $20.4 million for the week. Good week, everyone. Here are the latest #FundFlows and observations by CoinShares Head of Research @JButterfill. This week inflows: US$21m (after 6 weeks of outflows) We believe these inflows are a reaction to a combination of positive price momentum, fears…

XRP Price Bloodbath On The Horizon? Report Casts Doubt On Rally

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Over a billion dollars in liquidations sent the XRP price and the crypto market back from the dead and into local highs. However, new data suggests the rally might be short, pushing down the nascent sector into critical support. As of this writing, the XRP price trades at $0.5 with a 4% profit in the last week. The cryptocurrency rallied in the previous 24 hours but has been retracing its steps over the past few hours, hinting at potential losses unless buyers step in and defend these levels. XRP’s price…

Q3 2023 crowned most ‘damaging’ quarter for crypto amid $700M losses: Report

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The third quarter of 2023 has been the “most financially damaging” quarter of the year, with almost $700 million in digital assets lost to various security incidents, according to the quarterly report of blockchain security firm CertiK.  Within the report, CertiK highlighted 184 security incidents in July, August and September 2023, with over $699 million in crypto assets lost in the quarter, surpassing first-quarter losses of $320 million and second-quarter losses of $313 million. Among the exploits that led to the losses, private key compromises have been listed as the…