Author: Coindesk
In May, Biden ordered the bitcoin mining facility near Warren Air Force Base to stop operations, citing a threat to national security as it uses foreign-sourced technology. MineOne, which the government noted acquired the property as a business majority-owned by Chinese nationals, set up shop within a mile of the military facility in Cheyenne, which houses Minuteman III intercontinental ballistic missiles (ICBMs). Read the full article here
In addition to potentially hurting Storm’s defense, Klein’s letter to the court suggested that Judge Failla’s ruling may have contravened one of the federal rules that govern criminal proceedings. Essentially, Klein argued that the government cannot legally compel the defense to disclose the names of its expert witnesses unless the defense has requested the same information from the prosecution. Storm’s defense “intentionally made no such request,” Klein wrote, in order to keep their witness list private. Read the full article here
Just as was the case for Alphabet’s Google, Meta’s Facebook and Amazon’s marketplace, the development of these six companies’ large language models (LLMs) and other AI machinery is occurring within closed, black-box systems.They’ve ingested the troves of data we all unwittingly poured into internet sites, and have built highly complex codebases into which no one has visibility. Between them, they dominate all layers of the AI stack: the storage (Amazon Web Services), the chips for computation (Nvidia), the AI models (Microsoft, with its investment in Open AI), the data (Alphabet and Meta) and the devices we use to interact with…
The panic selling was the most since Aug. 5’s yen carry trade unwind. Short-term holders — investors who have held bitcoin for less than 155 days — tend to panic and sell when the price drops, and buy when there is euphoria or greed in the market. In total, they sent over 54,000 BTC to exchanges on Thursday, the highest amount since Mar. 27. Read the full article here
“If stock price is the true test for any business model, then in our view MSTR is hard to beat,” analysts led by Joseph Vafi wrote, noting that since the firm adopted its bitcoin acquisition strategy in 2020 it has significantly outperformed both equities and the world’s largest cryptocurrency. Read the full article here
As a journalist who has observed and lived under proper editorial regimes where sales teams are separate from editorial, I can tell you that allegations of catering to advertisers are almost always off-base. But, as Jeff Bezos himself writes, saying as much matters little if the readers or the audience still believes an outlet is biased. That is, there really isn’t a good way to refute allegations of bias. Unfortunately for Jeff Bezos, he’s learning that now. Read the full article here
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one. Read the full article…
The U.S. added just 12,000 jobs in October, according to the Nonfarm Payrolls report, well shy of economist forecasts for 113,000. September’s job gain of 254,000 was revised down to 223,000. October’s unemployment rate was 4.1% versus 4.1% expected and 4.1% in September. Read the full article here
Bitcoin pared some of its losses, returning to $70,000 during the European morning after falling as low as $68,800. Still, BTC remained about 3% lower in the last 24 hours. Altcoins suffered greater losses, with the CoinDesk 20 Index’s measurement of the broader crypto market down over 3.5%. Explanations for the slide range from profit-taking following the rally earlier in the week to a dip in Donald Trump’s election victory odds on Polymarket. Traders have also been looking at tech earnings, tensions between Iran and Israel and a sharp rise in U.K. gilt yields following the roll-out of the government…
“With this action, the SEC is continuing to indiscriminately assert that tokens are securities. While not specified in the notice, we believe its claims are targeting the listing and private sales of IMX in 2021,” Immutable said, referencing a blog post about a pre-launch private purchase of Immutable’s token IMX by Huobi Ventures Blockchain Fund. Read the full article here