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Saudi Arabia will use its $2/boe energy to power large-scale AI data centers
Saudi Arabia is moving fast to turn its cheap energy advantage into control over the AI data center industry. Aramco CEO Amin Nasser said the kingdom will use its low-cost gas and renewables to power the massive servers needed to run artificial intelligence models. “If you want gas, you will find the lowest cost gas,” […]Cryptopolitan
hace 22 minutos
MARA reports $252.4M in Q3 revenue and $123M net income
MARA reported $252.4 million in revenue for Q3, up from $131.6 million in the same quarter last year. That still came in a bit under the $254.5 million Wall Street expected. Net income came in at $123 million, helped by a $343.1 million gain from the change in the fair value of its bitcoin holdings. […]Cryptopolitan
hace 30 minutos
Forward Industries announced a $1 billion share buyback program authorized to run until September 2027
Forward Industries, which made major headlines a few months ago for repositioning itself as the leading Solana-focused treasury company in the world, has announced a $1 billion share repurchase program. The company stated in a press release that its board of directors approved the repurchase authorization on November 3, which will allow Forward to buy […]Cryptopolitan
hace 38 minutos
Kazakhstan registers 1,000 criminal cases involving cryptocurrency
Law enforcement authorities in Kazakhstan have opened over a thousand investigations into cases involving cryptocurrency in just two years. The financial damages caused to victims exceed $15 million, according to the interior ministry of the country which aspires to be a regional crypto hub. Fraud accounts for majority of crypto crime cases More than 1,000 […]Cryptopolitan
hace 52 minutos
Sam Bankman-Fried missed his federal hearing today, where his lawyer argued that his original trial was unfair
Sam Bankman-Fried, the disgraced founder of FTX, missed his federal hearing today, where his lawyer, Alexandra Shapiro, argued that his original trial was unfair. Even in his absence, the three-judge panel appeared to be skeptical of his defense team’s argument. According to observers, SBF’s chances of getting a fresh trial are slim, judging by the […]Cryptopolitan
hace una hora
Bitcoin dropped below $100,000 on Tuesday, down over 6% and 20% off its October high
Bitcoin dropped below $100,000 on Tuesday, falling more than 6% in a single session as investors reacted to the worsening U.S. government shutdown and ongoing concerns about weaker economic growth. The price is now sitting near its lowest level since June. Bitcoin is down about 20% from its early October high above $126,000. The move […]Cryptopolitan
hace una hora
Cipher Mining plans to raise $1.4 billion to fund its Barber Lake data center
Cipher is attempting to raise $1.4 billion for its new Barber Lake data center. The mining firm is diversifying its portfolio and making an entrance into the AI industry with the construction of the data center. Cipher Mining Inc. has announced plans to issue $1.4 billion in senior secured notes due in 2030. This will […]Cryptopolitan
hace 2 horas
This $0.035 Crypto Could Make You a Millionaire Before Ethereum (ETH) Hits $10,000
While Ethereum is set to continue its slow and steady grind up to the highly coveted $10,000, one new crypto has recently entered the DeFi space, quietly stealing the show. Priced at just $0.035, Mutuum Finance is fast becoming the next crypto to reach $1 and beyond as excitement about its presale reaches fever pitch. […]Cryptopolitan
hace 2 horas
Job openings fell to 101.9 in October, the lowest since February 2021
Employment openings have this month fallen to their lowest level since February 2021, and it’s not looking great for the U.S. job market. According to a new report from Indeed on Tuesday, their Job Postings Index dropped to 101.9 by October 24. For reference, that index uses February 2020 as its baseline of 100, so […]Cryptopolitan
hace 2 horas
YouTube launches what some consider a direct attack on blockchain gaming videos
YouTube has started what some consider to be a direct attack on blockchain gaming videos. This has raised concerns within the blockchain gaming community that it could potentially limit the availability of content that promotes or discusses decentralized gaming ecosystems. The decision comes after YouTube announced new restrictions on content that promotes gambling involving digital […]Cryptopolitan
hace 2 horas
Rivian and Lucid are reporting Q3 earnings this week under pressure from higher costs and the loss of federal EV tax credits
Rivian and Lucid entered this week’s third-quarter earnings with investors watching every dollar, every unit, and every forecast cut. Rivian reports after the bell today, and Lucid follows on Wednesday, and both companies expect higher revenue and smaller adjusted losses, helped by what analysts say was likely the peak of U.S. EV sales before federal […]Cryptopolitan
hace 2 horas
Microsoft has committed over $60 billion to neocloud providers to meet rising AI compute demand
Microsoft has now poured more than $60 billion into a swarm of neocloud infrastructure companies, in what looks like an all-out effort to claw back enough power and chips to meet its overwhelming AI compute demand. According to a report from Bloomberg, this is a direct response to Microsoft’s own team (and its customers) needing […]Cryptopolitan
hace 3 horas
Suilend pauses deposits and withdrawals specifically in its Elixir Isolated Market in response to a major loss reported by Stream Finance
DeFi lending protocol Suilend has taken precautionary measures in response to a major loss reported by Stream Finance, which is having ripple effects in the Sui ecosystem. One of the worst hit was Elixir, a protocol that appears to have borrowed against assets linked to Stream Finance’s xUSD, a dollar-pegged stablecoin-like asset. Suilend takes action […]Cryptopolitan
hace 3 horas
Dominari and Yorkville are handling billions in crypto deals for the Trump family
The Trump family’s crypto push is not being powered by Wall Street giants, but rather, two small financial institutions most people have never heard of. One sits inside Trump Tower in Manhattan, while the other operates out of a small New Jersey office between a junkyard and a funeral home. These firms are Dominari Holdings […]Cryptopolitan
hace 3 horas
Ethereum Price Fails to Rally After Rate Cut While Investors Pivot to Mutuum Finance
The much-anticipated Fed rate cut failed to spark a rally in Ethereum (ETH), leaving the second-largest crypto trading nearly flat as broader market momentum cooled. Ethereum has held above $3500 but buying pressure is weak. This has led to investors looking for better cryptos to buy. Mutuum Finance (MUTM) has stepped up as a strong […]Cryptopolitan
hace 3 horas
Sequans Communications (SQNS) sold roughly 970 BTC to erase half of its debt
Sequans Communications (SQNS) sold 970 BTC to service debt, claiming a strategic asset reallocation to improve the debt to asset ratio. The sale happened while BTC dipped under $102,000 with ongoing market fears.Cryptopolitan
hace 3 horas
Palantir drops 6% after Michael Burry reveals short position and valuation concerns
Palantir’s stock plunged 6% on Tuesday, and it came even after the company posted strong earnings, raised its full-year guidance, and crossed $1 billion in revenue for the second quarter in a row. But Wall Street didn’t care very much, and not for very long either. What actually set the fire was Mr. Michael Burry […]Cryptopolitan
hace 4 horas
