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Canaan, Tether deepen partnership on immersion-cooled mining systems

Canaan and Tether have expanded their partnership to enhance immersion-cooled mining systems, aiming to improve efficiency and sustainability in cryptocurrency mining. The collaboration will leverage Tether's financial resources and Canaan's technological expertise to develop advanced mining solutions. This initiative is part of a broader trend in the industry to adopt more environmentally friendly practices. The companies believe that immersion cooling can significantly reduce energy consumption and operational costs for miners.

Read the full article: Coin Telegraph

Riot posts $167M in Q1 revenue as data center arm pulls in $33M in first quarter

Riot Blockchain reported $167 million in revenue for the first quarter of 2023, driven primarily by its cryptocurrency mining operations. The company's data center segment contributed $33 million to this total. Despite the overall revenue growth, Riot faced challenges with rising energy costs and regulatory pressures. The firm

A16z sides with CFTC against states seeking to ban prediction markets

A16z, a prominent venture capital firm, has expressed support for the Commodity Futures Trading Commission (CFTC) in its efforts to regulate prediction markets, opposing various states that are attempting to impose bans on these platforms. The firm argues that prediction markets can foster innovation and provide valuable insights into future

Here’s what happened in crypto today

On October 18, 2023, Bitcoin experienced a significant price surge, reaching a new high of $35,000, driven by increased institutional interest and positive market sentiment. Ethereum also saw gains, climbing to $2,500, as developers announced upcoming upgrades aimed at improving scalability. Meanwhile, regulatory discussions intensified in the U.

Bitcoin's 'hazardous' airdrop: Why developers are warning against Paul Sztorc’s eCash fork

Developers are cautioning against the eCash fork proposed by Paul Sztorc, labeling it as a "hazardous" airdrop. The concerns stem from potential security vulnerabilities and the risk of misleading investors, as the airdrop could confuse users about the legitimacy of the new token. Critics argue that the project

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Riot posts $167M in Q1 revenue as data center arm pulls in $33M in first quarter

A16z sides with CFTC against states seeking to ban prediction markets

Here’s what happened in crypto today

Bitcoin's 'hazardous' airdrop: Why developers are warning against Paul Sztorc’s eCash fork