Binance Sees 80% Drop in Deposits
Data from CryptoQuant shows daily Bitcoin deposits from wallets under 0.1 BTC fell from 552 BTC to just 92 BTC. New data has revealed a steep drop in activity from small-scale Bitcoin (BTC) investors on major trading platforms, with Binance experiencing an 80% collapse in daily deposits from this group since early 2023. Some market watchers are seeing the shift...
Standard Chartered CEO Predicts Blockchain Will Power All Global Transactions
Blockchain’s rapid rise as the foundation of global finance is gaining unstoppable traction, with leading banks and asset managers embracing tokenization and digital assets—a movement underscored by Standard Chartered CEO Bill Winters’ conviction that nearly all transactions will soon run on blockchains. Standard Chartered CEO Endorses Blockchain as Foundation for Global Market Infrastructure Growing momentum Source link
a16z pauses its famed TxO Fund for underserved founders, lays off staff
Andreessen Horowitz is pausing its Talent x Opportunity (TxO) fund and program, according to four sources familiar with the matter, including more than one founder in the program. The firm announced TxO in 2020 to support founders who do not have access to traditional venture networks. Many of TxO’s participants were women and minorities who, overall, receive very slim amounts of venture capital dollars. The announcement...
Bitcoin mining hashrate hits record in October, profits lag
Bitcoin reached a record in computing power, but rising block difficulty continues to hurt miners’ profits. Summary Bitcoin mining...
Nvidia to Supply South Korea With Over 260,000 AI Chips to Fuel AI Ambitions
Nvidia partners with South Korea’s government and tech giants to supply 260,000+ GPUs, fueling the nation’s $10B push to become an AI superpower. The post Nvidia to Supply South Korea With Over 260,000 AI Chips to Fuel AI Ambitions appeared first on TechRepublic. Source link
