China

IREN co-founder says AI’s biggest bottleneck is infrastructure, not chips

The co-founder of IREN has stated that the primary challenge facing artificial intelligence (AI) development is not the availability of chips, but rather the underlying infrastructure needed to support AI systems. He emphasized that advancements in AI require robust and scalable infrastructure to handle the increasing demands of data processing and model training. This perspective highlights the importance of investing in infrastructure to unlock AI's full potential. The comments come amid ongoing discussions about the future of AI technology and its reliance on both hardware and software components.

Read the full article: CoinDesk

Bitcoin price falls under $77K as Dow Jones hits new all-time highs

Bitcoin's price has dropped below $77,000 amid a backdrop of rising stock market optimism, as the Dow Jones Industrial Average reached a new all-time high. This decline in Bitcoin's value contrasts with the bullish performance of traditional equities, highlighting a divergence in market trends. Analysts

Crypto Biz: Institutions tighten their grip on Bitcoin, AI and prediction markets

Institutional investment in Bitcoin is increasing, with major financial entities enhancing their exposure to the cryptocurrency. The rise of artificial intelligence and prediction markets is also gaining traction among institutions, as they seek innovative ways to leverage these technologies. Notably, firms are exploring AI-driven trading strategies and predictive analytics to

NEAR protocol leads AI token rally with a 50% pump: Is $5 NEAR price next?

NEAR protocol has experienced a significant surge, with its token price rising by 50%, leading the current rally in AI-related cryptocurrencies. This increase has sparked speculation about whether NEAR could reach the $5 mark soon. The rise is attributed to growing interest in AI applications within the blockchain space, positioning

Congress hits Polymarket and Kalshi with a massive insider trading probe

Congress is investigating Polymarket and Kalshi for potential insider trading violations related to their prediction markets. The probe focuses on whether employees or insiders used non-public information to gain an unfair advantage in trading outcomes. Lawmakers are concerned about the integrity of these platforms and their compliance with federal regulations.

Read more

Bitcoin price falls under $77K as Dow Jones hits new all-time highs

Crypto Biz: Institutions tighten their grip on Bitcoin, AI and prediction markets

NEAR protocol leads AI token rally with a 50% pump: Is $5 NEAR price next?

Congress hits Polymarket and Kalshi with a massive insider trading probe