More stories

  • in

    ‘Probably Nothing’ – Michael Saylor Highlights These Huge Daily Bitcoin ETF Inflows

    Those inflows comprise hundreds of millions of US dollars. The smallest one constituted $103 million on November 27. The largest one comprised $766.66 million on December 5. The most recent inflow featured in the table on the screenshot was registered on November 18 and was $275.39 million.“Probably nothing,” Michael Saylor tweeted. The Bitcoin ETFs were approved for trading in January this year. Since then, more than a dozen Bitcoin funds entered the market and began accumulating BTC on a daily basis.The miner has acquired this BTC batch for approximately $100 million, paying roughly $101,710 per coin on average. Similar to Saylor’s company, Hut8 is building up its own strategic Bitcoin reserve which after this new acquisition constitutes more than 10,000 BTC worth approximately $1 billion as of December 18.This article was originally published on U.Today More

  • in

    Losses from crypto hacks jump to $2.2 billion in 2024- report

    This marks the fourth consecutive year losses have exceeded $1 billion, with incidents rising to 303 from 282 in 2023.The surge comes as bitcoin soared 140% this year, surpassing $100,000 and attracting institutional investors and support from U.S. President-elect Donald Trump.”As the digital asset market booms, it is typical to see the illicit use of crypto grow in tandem,” Chainalysis’ cybercrimes research lead Eric Jardine said.Most stolen funds resulted from private key breaches, primarily targeting centralized platforms. Major hacks included $305 million from Japan’s DMM Bitcoin in May and $235 million from India’s WazirX in July.North Korea-linked crypto theft hit a record $1.3 billion in 2024, more than doubling from last year, the report said. The UN has previously stated that cryptocurrency helps North Korea evade sanctions, a claim the country denies. More

  • in

    Acurast Unveils Processor Lite for iOS: Empowering iPhone Users to Join the DePIN Cloud Rebellion Secured by Polkadot

    Acurast, a leader in decentralized confidential cloud computing, announces the launch of Acurast Processor Lite for iOS, now available on the Apple (NASDAQ:AAPL) App Store. This application allows iPhone users to share their device’s computing power with Acurast’s decentralized confidential cloud network, offering an opportunity to earn rewards in return.By harnessing the advanced processors in mobile devices, Acurast makes it possible for regular phones to operate as powerful computing providers. With this new expansion to iOS, Acurast’s ecosystem grows bigger, welcoming iPhone users into a network that’s changing the way cloud computing is done. This shift marks a step forward in accessibility and control over how compute power is managed worldwide.Acurast also takes a unique, sustainable approach: repurposing mobile phones with damaged screens or unused older models into affordable compute resources. These upcycled devices become cost-effective alternatives to traditional servers, bringing sustainability into the heart of cloud infrastructure.Users providing compute power through Acurast Processor Lite can earn rewards in the form of cACU tokens. Each user can earn up to 250 cACU per month in bootstrapping rewards simply by running the Processor connected to the internet. Additional rewards are earned whenever developers deploy applications on the Acurast Cloud and utilize the user’s Processor resources.Key Features of Acurast Processor Lite for iOS:● Providing Compute Power Used By Developers To Deploy Their Applications: Getting started with users’ everyday phones or onboard upcycled devices.● Broading Compatibility: Supports iPhone 6s and newer models, allowing a wide range of users to participate.● Secure and Private: Maintains data security and user privacy, giving users peace of mind.iPhone users can join the Acurast Cloud Rebellion by downloading Processor Lite iOS. Whether with an everyday phone or dedicated upcycled devices, joining means earning rewards and supporting a shift toward a more decentralized, sustainable, and user-driven confidential cloud infrastructure.About AcurastAcurast is transforming the cloud landscape by championing mobile-powered disruption in decentralized, confidential, and accessible computing. By enabling individuals to contribute compute power from their phones, Acurast is building a decentralized, serverless cloud that democratizes access to computing resources.Press Contact:Pascal BrunCo-FounderAcurast AssociationEmail: pascal@acurast.comContactComms and PR managerJonathan DuranDistractiveJonathan@distractive.xyzThis article was originally published on Chainwire More

  • in

    WhiteBIT’s Institutional Focus Drives Trading Volume to Record $2.7 Trillion in 2024

    Europe’s leading cryptocurrency exchange, WhiteBIT, concludes the year with notable achievements. The latest estimates reveal the company’s capitalization has reached $38.9 billion, while the annual trading volume surged to $2.7 trillion — a 200% increase compared to the previous year. These figures encompass all exchange markets (spot and futures), showcasing the company’s rapid growth and the increasing trust of its users.For context, WhiteBIT’s trading volume surpassed major players like Kraken, whose annual trading volume stood at $628 billion. WhiteBIT’s trading volume exceeds the GDP of countries like Italy or Canada and approaches the GDP of France, valued at $3 trillion.In the fall of 2024, WhiteBIT secured its position as the second-most visited crypto exchange, with 33 million visits to the platform. This achievement positions it just behind Binance, reflecting the steady interest in WhiteBIT’s services.Key Drivers of GrowthOne of the primary contributors to WhiteBIT’s record trading volume has been the onboarding of institutional clients. The exchange introduced a market maker program tailored to the requirements of large-scale traders. With low fees and rebates as high as -0.01%, the program provided conditions for high-frequency trading, drawing professional traders to the platform. Institutional loans also became a cornerstone for building trust within the professional community, enabling large-scale transactions.The platform’s technical infrastructure also contributed, with features such as colocation to reduce latency, sub-accounts for strategy diversification, and a robust API supporting its services for institutional clients.The introduction of a new affiliate program contributed by engaging communities of retail traders, supporting user acquisition, and enhancing trading activity, which played a role in WhiteBIT’s strong performance.Currently, the exchange serves over 1,300 institutional clients.Expanding Global ReachToday, over 30 million people worldwide use services and products from the WhiteBIT Group holding. These include the centralized exchange WhiteBIT, the crypto payment solution Whitepay, the decentralized exchange WhiteSwap, the NFT marketplace white.market, and the gaming platform Pocket Rocket. Additionally, WhiteBIT Group encompasses Whitechain, its proprietary blockchain, and WhiteBIT Coin (WBT), which has experienced 349.39% growth over the year.With 600+ trading pairs and more than 300 digital assets, WhiteBIT continues to strengthen its competitive edge in the global market.In a recent interview, CEO Volodymyr Nosov confirmed WhiteBIT’s plans to enter the US market.Commitment to SecurityWhiteBIT stands out as one of the most secure cryptocurrency exchanges globally. Ranked among top 5 in security by CER.live, it is the first crypto exchange to achieve the highest-level Cryptocurrency Security Standard (CCSS) certification.The platform also holds a Payment Card Industry Data Security Standard (PCI DSS) certification, safeguarding customer payment information, and has been recognized by Hacken for excellence in cybersecurity.WhiteBIT remains committed to continuous growth, solidifying its position in the international market, and expanding its impact on the global crypto ecosystem.About WhiteBITWhiteBIT is the largest European centralized cryptocurrency exchange founded in Ukraine in 2018, offers over 600 trading pairs, 300 assets, and supports 9 fiat currencies. As part of the WhiteBIT Group holding, the platform serves more than 30 million customers globally. WhiteBIT collaborates with Visa (NYSE:V), FACEIT, FC Barcelona, Trabzonspor, the Ukrainian national football team, and lifecell. The company is dedicated to driving the widespread adoption of blockchain technology in Ukraine and worldwide.ContactWhiteBIT PR Servicepr@whitebit.comThis article was originally published on Chainwire More

  • in

    Boost VC Invests in PoSciDonDAO, Welcoming It to Their Go-To-Market Program

    PoSciDonDAO has announced that Boost VC has invested in the project, representing a significant step forward in its mission to decentralize scientific research and innovation. The investment includes PoSciDonDAO’s acceptance into Boost VC’s Go-To-Market Program, which will provide valuable resources to support the project’s development and adoption.Boost VC Expands Commitment to Decentralized Science With PoSciDonDAOBoost VC, co-founded by Adam Draper and Brayton Williams, is known for supporting emerging technologies that introduce alternative approaches to traditional systems. Over the years, Boost VC has demonstrated a strong commitment to the decentralized science (DeSci) space by investing in projects such as Molecule, ResearchHub, HairDAO, and Data Lake. These initiatives have advanced democratized science, open innovation, and accessibility for researchers and innovators. By including PoSciDonDAO in its program, Boost VC reinforces its dedication to decentralized approaches in scientific research and development.Opportunities Through Boost VC’s PartnershipBoost VC’s investment and PoSciDonDAO’s participation in its Go-To-Market Program present new opportunities for growth. Key benefits include:This partnership reflects a shared vision of decentralization as a tool to promote equity, inclusivity, and progress in science. PoSciDonDAO and Boost VC aim to collaborate in fostering a movement that emphasizes transparency in research funding and equitable access to scientific resources.The Future of DeSci: A Collective EffortBoost VC’s partnership with PoSciDonDAO underscores growing momentum for DeSci. Through this collaboration, both entities aim to demonstrate that decentralization can enhance inclusivity and equity in scientific innovation.By joining forces, PoSciDonDAO and Boost VC will work toward advancing a model of knowledge creation and resource allocation that benefits the global scientific community.About PoSciDonDAOPoSciDonDAO leverages blockchain technology to democratize personalized medicine research by bridging the gap between researchers, funders, and the broader scientific community. Through decentralized governance and funding, the platform ensures transparent and equitable resource allocation, fostering trust and inclusivity in advancing personalized medicine innovation.For more information about PoSciDonDAO, users can visit the official PoSciDonDAO website.Users are invited to stay informed about PoSciDonDAO’s initiatives by following the project on social platforms:Twitter/X | Telegram | DiscordContactMarketing RepresentativeAyat Abourashedayat@poscidon.comThis article was originally published on Chainwire More

  • in

    io.net Joins Dell Technologies Partner Program as Authorized Partner and Cloud Service Provider

    io.net, the leading provider of decentralized GPU computing solutions, has been accepted to join the Dell Technologies (NYSE:DELL) Partner Program as a Dell Technologies Authorized Partner and Cloud Service Provider. The move will combine io.net’s GPU network with Dell’s world-class infrastructure, delivering scalable and cost-effective solutions for AI, machine learning (ML), and high-performance computing (HPC) workloads.By joining Dell’s Partner Program, io.net gains access to Dell Technologies’ resources, expertise, and go-to-market capabilities. This will support enterprises seeking advanced solutions to handle complex computing challenges, bridging decentralized GPU power with Dell’s trusted hardware infrastructure.Tausif Ahmed, VP of Business Development at io.net, commented: “Joining the Dell Technologies Partner Program is an important step for io.net. It supports our goal of delivering solutions that integrate our decentralized GPU platform with Dell’s reliable infrastructure, helping businesses address their computing challenges more efficiently and cost-effectively Together, we look forward to delivering practical, enterprise-grade solutions tailored for the next generation of AI innovation.”As part of the Dell Technologies Partner Program, io.net will collaborate on go-to-market efforts, demand generation, and co-marketing initiatives. This enables enterprise customers to deploy solutions that seamlessly integrate decentralized GPU power with robust, dependable hardware from Dell Technologies. By tapping into Dell’s extensive ecosystem, io.net is well-positioned to make decentralized compute solutions more accessible across multiple industries.The rise of AI and ML applications has amplified demand for scalable and affordable compute solutions. Traditional centralized cloud providers often fall short in meeting the needs of modern enterprises, constrained by high costs, limited flexibility, and resource bottlenecks. io.net’s decentralized GPU network addresses these challenges by sourcing computational power from a global network of distributed GPUs and clustering them into a unified, high-performance infrastructure.Following io.net’s admission to the Dell Technologies Partner Program, clients will benefit from on-demand GPU clusters capable of scaling to enterprise requirements. They will also enjoy significant cost reductions compared to centralized providers. Seamless integration with Dell’s advanced hardware, meanwhile, will support reliable, high-performance workloads.The collaboration between io.net and Dell Technologies represents a step forward in democratizing access to decentralized compute, particularly for organizations tackling AI training, inference, and HPC use cases. By leveraging Dell’s global presence and enterprise trust, io.net is poised to accelerate adoption of decentralized compute solutions while meeting the performance standards enterprises expect.About io.netio.net is a decentralized distributed compute network that enables ML engineers to deploy a GPU cluster of any scale within seconds at a fraction of the cost of centralized cloud providers. io.net sources compute resources from multiple locations and deploys them into a single cluster at massive scale. io.net has successfully supported training, fine tuning, and inference for a wide range of ML models.ContactEdelstein DanPR@marketacross.comThis article was originally published on Chainwire More

  • in

    Donald Trump’s presidency looms over the Federal Reserve

    This is an on-site version of the White House Watch newsletter. You can read the previous edition here. Sign up for free here to get it on Tuesdays and Thursdays. Email us at whitehousewatch@ft.comGood morning and welcome to White House Watch. We will be off next week — have happy holidays! For now, let’s get into:Donald Trump’s economic plans are hanging over the US Federal Reserve and chair Jay Powell.The central bank lowered interest rates yesterday by a quarter-point, but officials also projected fewer cuts next year as they start to factor in Trump’s proposed economic policies [free to read]. Powell jolted financial markets yesterday as he struck a very guarded tone about how much the bank will be able to lower interest rates against a backdrop of rising inflation risks.A few months ago, Fed officials had pencilled in one percentage point worth of rate cuts throughout 2025. Now, they’re forecasting just two quarter-point decreases for the year, underscoring policymakers’ concerns about lingering inflation.Some content could not load. Check your internet connection or browser settings.They also raised their inflation expectations for next year amid fears that Trump’s policies could bring higher prices, lower growth and greater volatility.“This was an unabashedly hawkish message from the Fed,” Aditya Bhave, senior US economist at Bank of America, told the FT’s Colby Smith, adding that officials’ forecast for two quarter-point rate cuts in 2025 represented a “wholesale shift”.During his press conference yesterday, Powell said some members of the rate-setting Federal Open Market Committee had begun to consider the potential effects of Trump’s proposals.“Some did identify policy uncertainty as one of the reasons for their writing down more uncertainty around inflation,” Powell told reporters. “We just don’t know really very much at all about the actual policy,” he said. “We don’t know what will be tariffed, from what countries, for how long, in what size. We don’t know whether there’ll be retaliatory tariffs. We don’t know what the transmission of any of that will be into consumer prices.”Dean Maki, chief economist at Point72, called the shift “striking” and said it was rooted in speculation about Trump: “It’s hard to see why they would have expected so much higher inflation if they are not incorporating things like tariffs into the forecasts.”Some content could not load. Check your internet connection or browser settings.Transitional times: the latest headlinesWhat we’re hearingThe pace of Trump’s meetings with US CEOs is accelerating as business leaders contort themselves to get time with the president-elect — even if their politics don’t align.As one Washington lobbyist told the FT’s James Politi and James Fontanella-Khan:It takes a lot for an uber-wealthy, creative-type CEO, many of whom lean left, to suck it up and deal with Trump.But what choice do they have?Within Trump’s orbit, the slew of meetings is being cast as a vote of confidence in his incoming administration and economic policies. But corporate America still has serious concerns about the president-elect, especially his plans to enact sweeping tariffs, push mass deportations and roll back some manufacturing subsidies.No matter their true thinking, executives have learned a crucial lesson: it’s better to indulge Trump’s need for exuberance and flattery than to criticise him and risk public rebukes and retaliation.Nikki Haley, Trump’s former US ambassador to the UN who battled him in the Republican primaries, told the FT that “I’m not talking to any CEOs that are fearful of Trump”.Now vice-chair of consultancy Edelman, where she advises companies on how to handle Trump, she said: What I tell CEOs is that it’s good to get face time with President Trump. It’s good to let him know what you’re working on. It’s good to let him know how you’re growing business.ViewpointsRecommended newsletters for youFT Exclusive — Be the first to see exclusive FT scoops, features, analysis and investigations. Sign up hereBreaking News — Be alerted to the latest stories as soon as they’re published. Sign up here More