Binance, the world’s biggest cryptocurrency exchange, is making a $200 million strategic investment in Forbes, the 104-year-old magazine and digital publisher, CNBC has learned. The funds will help Forbes execute on its plan to merge with a publicly traded special purpose acquisition company, or SPAC, in the first quarter, according Read more…
Intel is entering the blockchain mining market with an upcoming GPU capable of mining Bitcoin. Intel insists the effort won’t put a strain energy supplies or deprive consumers of chips. The goal is to create the most energy-efficient blockchain mining equipment on the planet, it says. “We expect that our Read more…
“The mystery of how cryptocurrency miners are paying for their energy-intensive mining operations in rural areas has been solved,” writes Slashdot reader fermion. “Instead of paying up to 40% in taxes, the miners build mining operations in ‘opportunity zones.’ There are few requirements to show these produce jobs or any Read more…
As the race against China’s development of its central bank digital currency (CBDC) known as the digital yuan continues, the U.S. Federal Reserve accomplished a feat in testing a design for a U.S. digital dollar that in one of two tests, managed to handle 1.7 million transactions per second. A Read more…
The Beijing Winter Olympics is giving Visa a run for its money. From a report: For decades, America’s largest card network has been the exclusive electronic-payments provider at the world’s largest sporting event. At this year’s Beijing Games, however, Visa finds itself having to share the spotlight with China’s new Read more…
Americans tuning in to the Super Bowl on Sunday will be inundated with ads from cryptocurrency companies, including the trading platform FTX, which plans to give away millions of dollars in bitcoin. FTX has spent heavily on sports partnerships to try to make itself a brand name in crypto, including Read more…
Users of Block’s mobile payments platform Cash App can now make instant and free bitcoin payments through the Lightning Network, the company tweeted on Monday. The integration of Bitcoin’s second-layer protocol for faster and cheaper transactions was made possible by the Lightning Development Kit, an open-source project developed by another Read more…