Elon Musk says he’s found a way to solve one of AI’s biggest bottlenecks by making a hard-to-manufacture turbine part himself. On Saturday, Musk confirmed what a secret foundry SpaceX has been building in Bastrop, Texas, is for — an apparent response to a story that was already closing in on the details. Earlier in…
Solana Foundation Vice President of Technology Jacob Creech outlined several upcoming Solana upgrades on Aug. 30. Transaction V1 is scheduled for Sept. 9, while the first stage of a network rent reduction is expected during the week beginning Aug. 31. Summary Solana plans to activate Transaction V1 on September 9, increasing transaction size to 4,096…
Flock’s AI surveillance cameras are increasingly being targeted by its critics across the country. No, we’re not just talking about vigilantes who are taking the cameras down in their towns. We’re talking about politicians now, too. And it’s a bipartisan effort; an anti-Flock position is being taken up by both Republican and Democratic politicians. Case…
Key Takeaways The UK published its first official statistics on taxable crypto gains. 240 people each declared more than £1 million in crypto gains. 17,600 taxpayers reported £1.38 billion in total taxable gains. First Official Tax Report Identifies 240 Crypto Millionaires The UK government’s first official publication of taxable crypto asset gains showed that 240…
DeFi’s latest rally reflects growing expectations that protocol economics could matter more in token valuations. DeFi tokens have climbed nearly 38% since August 17 as investors reassess how US crypto policy could affect protocol revenue and token value. SoSoValue says the rally is moving DeFi closer to a market where fees, buybacks and on-chain…
Whoop has made screen-free wearables since its first proper release in 2015, but the shift in what Whoop considers itself to be about mirrors the change we see in the wider market. Today a Whoop band is made for just about anyone with the spare cash to pay for its $199 annual subscription. It’s a…
OCEAN co-founder Luke Dashjr left the Bitcoin mining pool on Aug. 29 after reaching a mutual separation agreement with its parent company, Mummolin Inc. He resigned as chairman, chief technology officer and director. Summary OCEAN co-founder Luke Dashjr resigned as chairman, chief technology officer and director by mutual agreement. Mummolin repurchased all Dashjr’s equity, ending…
Cars in European cities are smaller than ever. But as Europe’s appetite for microcars has grown, the cute Italian ‘yoghurt pots’ have largely given way to small Chinese EVs. Even Smart, the the iconic ultracompact car brand, has moved manufacturing to China. Spanish startup Liux thinks it can compete in a crowded market with a…
WEEK IN REVIEW Key Takeaways Charles Schwab added SOL, AVAX and LINK as its $13T crypto push expands beyond BTC and ETH. Circle minted 5B USDC in 1 week, signaling stronger liquidity as stablecoin supply rebounds. Coinbase and Better launched BTC mortgages after a waitlist projected over $260M in demand. $13T Asset Manager Charles Schwab…
“Institutions increasingly want to work with a trusted partner that can support the full lifecycle of digital assets,” said BitGo’s CEO. Crypto company BitGo has officially acquired NYDIG’s Bitcoin-focused institutional trading business. The deal was signed and completed on Thursday and reported on Friday, paying $7 million in cash and about $35.5 million in stock…
