Phoenix Group is acquiring hydro cooling mining equipment from WhatsMiner worth over $136 million, with the option of an additional $246 million purchase. United Arab Emirates firm Phoenix Group has disclosed a new purchase of hardware equipment from WhatsMiner, aimed at expanding its portfolio of hydro cooling rigs. According to an announcement on Dec. 7,...Continue Reading

Games overrun with bots just show bot owners care, claims Pixels founder. Plus we review Galaxy Fight Club, chat to Illuvium’s CEO and more. Some think that bots in games is a sign of the apocalypse, or perhaps just the makers trying to fill up an empty venue to make it look popular. But Pixels...Continue Reading

Blockchain and crypto projects joined the Climate Change Conference in Dubai and unveiled initiatives focusing on contributing to the fight against climate change. As the 2023 United Nations Climate Change Conference (COP28) takes place in Dubai, United Arab Emirates, many projects participated in the climate action effort by launching blockchain-powered initiatives. From Nov. 30 to...Continue Reading

After Google launched its new high-performance AI model Gemini and claimed it to be far superior to OpenAI’s GPT-4 users on social media began to challenge those claims. Google launched its latest artificial intelligence (AI) model Gemini on Dec. 6, announcing it as the most advanced AI model currently available on the market, surpassing OpenAI’s...Continue Reading

Decentralized science, or DeSci, aims to apply decentralized business models to medical research. Changpeng “CZ” Zhao’s tenure as the CEO of Binance may be over, but the exchange giant’s loss could be a boon for the decentralized science (DeSci) sector. In a comment on X (formerly Twitter) on Tuesday, Nov. 28, the former Binance CEO...Continue Reading

User experience remains a barrier to entry for the world of Web3 and industry builders believe the solution lies in onboarding Web2 functionality. Web3 products and services could benefit from the streamlined user experiences that have been mastered by Web2, according to several industry builders who attended Next Block Expo in Berlin. Speaking to Cointelegraph...Continue Reading

Bankrupt crypto exchange FTX is preparing to present an updated reorganization plan to the court in mid-December. The Official Committee of Unsecured Creditors has written a reply to the FTX 2.0 Customer Ad Hoc Committee, providing insights into the details of its proposed amended reorganization plan. Scheduled for mid-December, the plan is expected to reshape...Continue Reading

In addition to Tether, companies transacting through the Exved system can use the U.S. dollar and the offshore ruble, the platform said. One of the first cross-border payment platforms in Russia has officially announced its launch and says it will be facilitating local legal entities to process international settlements in cryptocurrency. Exved, a local digital...Continue Reading

The Worldcoin Foundation rolled out a $5 million grant to support its community through WLD tokens or stablecoins. As Bitcoin (BTC) soared past the $40,000 mark and brought the total crypto market capitalization to $1 trillion, Web3 firms have started to roll out grants to support the development of the blockchain ecosystem.  On Dec. 6, the...Continue Reading

Polygon’s evolution will continue into 2024 as various protocols that make up its ecosystem become increasingly interconnected through the use of zero-knowledge proofs. Polygon co-founder Jordi Baylina says 2024 will see the amalgamation of Polygon’s various Ethereum layer 2 scaling networks to complete its “Polygon 2.0” cross-chain coordination protocol. Speaking exclusively to Cointelegraph, Baylina said...Continue Reading