China

IREN closes $3 billion convertible notes deal amid AI infrastructure expansion

IREN has successfully closed a $3 billion convertible notes deal to fund its expansion into AI infrastructure. The company aims to enhance its capabilities in artificial intelligence, leveraging the growing demand for AI technologies. This financing will support various initiatives, including research and development, as well as infrastructure upgrades. The move reflects IREN's strategic focus on integrating AI into its operations to drive future growth.

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Kraken joins LayerZero exodus as it switches to Chainlink CCIP

Kraken has announced its decision to transition from LayerZero to Chainlink's Cross-Chain Interoperability Protocol (CCIP) for its cross-chain services. This move follows a trend of other platforms leaving LayerZero in favor of Chainlink's established infrastructure. The switch aims to enhance security and reliability in cross-chain transactions.

Australia’s proposed CGT changes could discourage long-term crypto holding

Australia is considering changes to its Capital Gains Tax (CGT) that could negatively impact long-term cryptocurrency holding. The proposed reforms aim to eliminate the current 50% discount on capital gains for assets held longer than a year, which could lead to higher tax liabilities for investors. This shift may discourage

Signal hints it could leave Canada over lawful access bill

Signal has indicated that it may withdraw its services from Canada in response to a proposed lawful access bill that could require tech companies to provide user data to law enforcement. The messaging app's co-founder, Moxie Marlinspike, expressed concerns that the legislation could undermine user privacy and security.

The U.S. stock market is getting close to dot-com bubble peak valuations

The U.S. stock market is nearing valuations similar to those seen during the dot-com bubble, raising concerns among analysts about a potential market correction. Key indices, including the S&P 500 and Nasdaq, have experienced significant gains, driven by a surge in technology stocks. Analysts warn that current

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Kraken joins LayerZero exodus as it switches to Chainlink CCIP

Australia’s proposed CGT changes could discourage long-term crypto holding

Signal hints it could leave Canada over lawful access bill

The U.S. stock market is getting close to dot-com bubble peak valuations