Neurolov, a popular decentralized AI platform, has collaborated with mobiNODE, a NOWchain-powered protocol using Proof-of-Mobile consensus mechanism. The partnership is aimed at fortifying the decentralized physical infrastructure network (DePIN) by leveraging AI compute facilities. As mentioned in the official announcement shared by Neurolov on X, the development is set to broaden the adoption of $NLOV,
Nvidia, one of the most significant chip designers globally, reportedly announced a $683 million investment in a UK-based AI infrastructure company that spun off from a cryptocurrency miner in 2024. According to a Wednesday Bloomberg report, Nvidia CEO Jensen Huang said the investment in Nscale, the AI arm of crypto mining company Arkon Energy, would
Fed fatigue or was it simply priced in all along? Bitcoin is down a paltry 1% today, currently trading at around $115,500, following the Federal Reserve’s widely telegraphed quarter-point rate cut. The crypto market appears a bit gassed, but if anything, today’s relatively small drop in prices could be interpreted as a classic “buy the
Eric Trump, son of US President Donald Trump and co-founder of American Bitcoin, has announced his commitment to shares in the company. Eric Trump stated that big banks are trying to “operate” on the company and that he is turning to crypto in the process. Confirming that he owns approximately 7.5 percent of the company’s
Bitfarms stock price has gone parabolic in the past few days. The company is expanding its business to the growing data center industry. It has also pivoted to become a pure play North American company. Bitfarms stock price has gone parabolic in the past few days, soaring to a high of $2.90, its highest level
With the Fed delivering a widely anticipated decision, experts are shifting attention to the tone. Summary The Federal Reserve has cut interest rates by 25 basis points, as markets anticipated Fed’s tone leans dovish, potentially boosting Bitcoin and altcoins Still, altcoins are not out of the woods yet, as there’s no definitive decision on further
Bullish (BLSH), the owner of CoinDesk, earnings per share beat average analyst estimates, while expecting higher adjusted Ebitda for the next quarter. The crypto platform reported earnings per share (EPS) of $0.93 in the second quarter, beating the average analyst estimate of $0.03, according to FactSet data. Bullish also reported adjusted revenue of $57 million
Balancing compliance needs against the open and accessible nature of decentralized finance ultimately brought Backed Finance to Switzerland, according to co-founder Adam Levi. The company was registered in the European nation because it allowed them to issue digital representations of stocks like Tesla and Nvidia, called xStocks, that are freely transferable, as opposed to those
China’s decision to ban its tech giants from buying Nvidia chips may be more than just a trade restriction: It could be Beijing’s declaration that the country’s semiconductor industry has reached a critical inflection point where it no longer needs American AI hardware to compete. Earlier today, the Financial Times reported that China’s internet regulator
At its September meeting today, the Fed lowered its policy rate by 25 basis points to a range of 4.00-4.25%. The bank announced that it anticipates two additional rate cuts in 2025. The new economic projections included notable revisions to the FED’s interest rate, inflation, growth and unemployment expectations: Interest Rate Projections (Year-End) 2025: 3.675%