The star of the “Shark Tank” TV show dove headfirst into the NFT craze in 2021, including investing in some companies like OpenSea.
Manufacturers have struggled to make services for smart devices profitable, leading to problems for consumers. But these machines could be corralled to create blockchain-linked decentralized cloud infrastructure, says E&Y’s Paul Brody.
The funding came from Coatue Management, which is also an investor in CoreWeave, a cloud-computing firm looking to take over miner Core Scientific.
The Wormhole hack and Terra/Luna blowup happened while he ran Jump’s crypto operation.
Kanav Kariya is leaving Jump Crypto after serving as the firm’s president for nearly three years. Last week, the CFTC launched an investigation into Jump.
Hut 8 aims to leverage its ability to develop and operate complex energy infrastructure to address unmet demand and emerge as a leader in the artificial intelligence infrastructure market.
AI hosting opportunities have driven a $4 billion increase in the aggregate market cap of bitcoin miners, according to a JP Morgan report.
The circulating supply of the dollar-linked stablecoin on the two blockchains represents roughly 0.1% of the total USDT supply.
Riot is Bitfarms’ largest shareholder, owning 14.9% of the firm.
Riot is ready to engage with a reconstituted Bitfarms board around a potential acquisition, but is withdrawing its previous offer to acquire the company for $2.30 per share.
