AI may already use more power than Bitcoin — and it threatens Bitcoin mining

The energy required to run artificial intelligence systems may already be higher than the amount of power used to mine Bitcoin, according to new research. While that may sound like good news... Read more »

Stocks Rise Ahead of US CPI Data; Pound Weakens: Markets Wrap

(Bloomberg) — European stocks look set to track the advance in Asian peers on bets that the upcoming US consumer price report will allow the Federal Reserve to start easing in September.... Read more »

Coinbase teases ‘cbBTC’ days after BitGo Wrapped Bitcoin controversy

Coinbase has just teased the possible launch of a new product called “cbBTC” — with many commentators speculating that the United States-based crypto exchange is launching its own wrapped Bitcoin token. In... Read more »

Stocks Rally in Countdown to CPI as US Yields Sink: Markets Wrap

(Bloomberg) — Stocks rallied and bond yields fell after the latest US inflation reading reinforced speculation the Federal Reserve will be able to deploy its widely anticipated interest-rate cut in September. Most... Read more »

$1.6B port investment could revive El Salvador’s Bitcoin City plans

Turkish port and terminal operator Yilport Holdings has committed $1.6 billion to two port projects in El Salvador. This is the largest private investment in El Salvador’s history and could finally bring... Read more »
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