In brief Andreessen Horowitz partner David George argues fears of AI-driven mass unemployment are historically unfounded. George says AI will reorganize labor …
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Crypto Firms Race to ‘Quantum-Proof’ Wallets Before Bitcoin, Ethereum Networks Catch Up
by shayaanby shayaanIn brief Firms are building quantum-resistant wallets ahead of blockchain upgrades. Approaches range from MPC upgrades to layer-2 overlays. Experts say user …
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ECB’s Lagarde Pushes Back on Euro Stablecoins, Warns of ‘Structural Weaknesses’
by shayaanby shayaanIn brief ECB President Christine Lagarde said euro stablecoins are “not an efficient way” to boost the euro’s global role, warning their …
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Bitcoin Miner IREN Secures $3.4 Billion Nvidia AI Deal, With $2.1 Billion Share Option
by shayaanby shayaanIn brief Nvidia and IREN Limited announced a $3.4 billion cloud services deal, with plans to deploy up to 5 gigawatts of …
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In brief Payward, which operates crypto exchange Kraken, filed for a national trust company charter with the Office of the Comptroller of …
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Australian Police Seize Millions in Bitcoin From Alleged Darknet Marketplace Operator
by shayaanby shayaanIn brief New South Wales Police seized 52.3 Bitcoin worth about $4.2 million USD during raids in Ingleburn on May 4. A …
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Will Strategy Sell Bitcoin This Year? Traders Are Convinced After Saylor Comments
by shayaanby shayaanIn brief Predictors on Myriad now favor Michael Saylor’s Bitcoin firm Strategy to offload some of its BTC this year. Odds have …
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Elizabeth Warren Wants Meta to Spill All on Stablecoin Plans Ahead of Clarity Act Votes
by shayaanby shayaanIn brief Elizabeth Warren pushed Meta to fully reveal its stablecoin plans before the Senate votes on the Clarity Act. Warren warned …
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TeraWulf’s AI Compute Revenue Outpaces Bitcoin Mining Amid $427 Million Loss
by shayaanby shayaanIn brief Shares in TeraWulf (WULF) fell on the day after the firm reported a $446 million loss in Q1. The firm …
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In brief Apple and Intel reached a preliminary chip manufacturing agreement after more than a year of negotiations, per The Wall Street …