The Russian Central Bank is discussing the possible use of central bank digital currencies as a payment method in foreign trade, according to Elvira Nabiullina, the bank’s governor. Nabiullina stated that while Russia is opposed to the use of crypto payments in domestic transactions, the country is open to the idea of using cryptocurrencies in foreign trade.
Russia Supports Use of Crypto in…
Bullish on Bitcoin: Global Survey Respondents Anticipate BTC Price Spike to $60K and Beyond in 2024
February 2, 2024
A recent international survey by Bitget has illuminated the crypto market’s hopeful perspective, drawing insights from close to 10,000 individuals across areas such as West Europe, East Europe, Southeast Asia, East Asia, MENA, and Latin America. More than half of the…
The Celo Foundation has partnered with Circle to bring USDC, a leading stablecoin, into its network. This integration not only diversifies Celo’s stablecoin offerings but also positions USDC to become an official gas currency on the blockchain.
Celo Embraces USDC for…
Tether's 'Record-Breaking' Q4 Profit Partly Attributed to Gold and BTC Price Appreciation
February 2, 2024
In the last quarter of 2023, Tether Holdings Limited registered a “record-breaking net profit of $2.85 billion.” Overall, the stablecoin issuer’s net profit in 2023 topped $6.2 billion. Tether’s secured loans ($4.8 billion), which are collateralized by highly liquid assets, were “fully covered by the undistributed accumulated profits known as excess reserves ($5.4 billion).”
Bitcoin…
EIA Launches ‘Emergency Survey’ on Crypto Mining's Power Use Amid Concerns of Alleged ‘Public Harm’
February 2, 2024
The U.S. Energy Information Administration (EIA) has gained clearance from the Office of Management and Budget (OMB) to conduct an urgent survey regarding electricity usage by cryptocurrency mining firms across the U.S. The EIA submitted this request on the grounds that…
Jupiter successfully launched its JUP token. The airdrop, one of the largest in crypto history, distributed an astounding $700 million worth of JUP tokens to almost a million wallet holders.
Jupiter’s JUP Token Airdrop Distributes to Nearly a Million Users
The…
Baobab Studios and 9 Story Media have partnered to bring Baobab’s Momoguro franchise, which is a popular gaming series Roblox, to television.
Burlingame, California-based Baobab created Momoguro as a cross-platform entertainment franchise, said CEO Maureen Fan in an interview with GamesBeat. And now Baobab is joining with 9 Story Media Group, a powerhouse in kids and family content, to create a…
Activision Blizzard added $2B in revenue to Xbox’s Q2 growth
February 1, 2024
Microsoft revealed during its latest financial earnings report that its Xbox gaming division has seen a dramatic increase in revenue after last year’s acquisition of Activision Blizzard. Xbox’s revenue increased 60%, while overall gaming revenue grew 48%. According to…
Securing artificial intelligence (AI) and machine learning (ML) workflows is a complex challenge that can involve multiple components.
Seattle-based startup Protect AI is growing its platform solution to the challenge of securing AI today with the acquisition of…
Synthesia launches LLM-powered assistant to turn any text file or link into AI video
February 1, 2024
Today, London-based Synthesia, the startup that enables enterprises to create professional AI videos, announced the launch of its AI video assistant, a tool that can turn text-based sources into full-fledged synthetic videos in a matter of minutes.
Available starting today for paying customers, the AI video assistant builds on Synthesia’s existing offerings and can work with any document or web…
