Author: CryptooTimes
Overweight-rated Iris Energy (IREN) is best positioned to take advantage of the opportunity, the report said, noting that the company has excess power capacity and is not wedded to bitcoin mining. Iris Energy was early to embrace the HPC trend and is already running graphics processing units (GPUs) at its facilities, the bank noted. The firm has a track record of building and delivering high-quality data centers on time and has access to a decent amount of power.
The Solana blockchain network has rolled out a new feature called ZK Compression, developed through a collaboration between Light Protocol and Helius Labs. Launched on June 21, the solution aims to slash on-chain storage costs by 99%. ZK Compression uses zero-knowledge (ZK) proofs to compress on-chain data, meaning that developers can now, theoretically, store crucial data on Solana’s more cost-effective ledger space without compromising on security or performance. By utilizing sparse state trees, a hash of off-chain data is stored on-chain for verification, ensuring data integrity and significantly slashing storage costs. According to Light Protocol, ZK Compression can cut the…
The founder of SlowMist has warned that the Telegram messenger ecosystem is “too free” for exploiters of the TON ecosystem.
“Metaplanet Inc. (3350:JP) hereby announces that the Board of Directors has resolved to purchase Bitcoin worth 1 billion yen as of today’s meeting,” it said. “While our basic policy is to hold Bitcoin for the long term, if we use Bitcoin for operations or other purposes, the corresponding Bitcoin balance will be recorded as current assets on the balance sheet.”
Interoperability giant LayerZero has experienced a significant drop in the value of its native token, ZRO, which plummeted by 14%, making it the top loser in the crypto market today. At the time of writing, ZRO is trading at $2.68, representing a 13% decline over the past 24 hours, according to CoinMarketCap. During this period, the token’s trading volume fell by 41% to $146 million. ZRO 24-hour price chart | Source: CoinMarketCap Additionally, the market capitalization of LayerZero’s crypto assets dipped below $700 million, now standing at $670.8 million. LayerZero is a fully connected mesh network that enables smart contracts…
If it could buy the Bitcoin today, Metaplanet’s total Bitcoin holdings would be 241 Bitcoin, worth around $15 million.
“Technically, bitcoin appears to follow a double top formation, whereas the support level is being tested. This chart formation should be our base case unless it becomes invalidated. This formation could easily see a drop to $50,000—if not $45,000,” Markus Thielen, founder of 10x Research, said.
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The concentration of AI (artificial intelligence) development in the hands of a few powerful corporations raises significant concerns about individual and societal privacy. With the ability to capture screenshots, record keystrokes, and monitor users at all times through computer vision, these companies have unprecedented access to our personal lives and sensitive information. Like it or not, your private data is in the hands of hundreds, if not thousands, of businesses. There are tools on the market that…
The daily trading volume of USDT on Tron briefly surpassed Visa, and a Bitcoin-friendly exec has been promoted to CEO of a multi-billion-dollar German Bank.
Paris Match, a French magazine, is auctioning 75 iconic archival photos as Ethereum (ETH) non-fungible tokens (NFTs) to celebrate its 75th anniversary. The auction kicked off on June 17 and showcased a curated selection of historic images from Paris Match’s archives. These include snapshots of entertainment icons like The Rolling Stones, Jack Nicholson, Orson Welles, and John Travolta. Images of significant historical moments such as the fall of the Berlin Wall and scenes from Harlem and the Tour de France are also included. Each NFT purchase will include a numbered and signed physical print of the same photo, bridging the…
