SSV Network Prices Free Falling After Founder Joins Israeli Army, What’s Next?
Alon Muroch, the founder of SSV Network, has been drafted into the Israeli Army, according to an X post shared on October 10. Following
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Network
Startup demos upcoming decentralized GPU infrastructure network to OpenAI, Uber
A project that started out as an institutional-grade quantitative trading system for cryptocurrencies and stocks has transitioned to become a decentralized network sourcing GPU computing power to serve increasing demand for artificial intelligence (AI) and machine learning (ML) services.Io.net has developed a test network that sources GPU computing power from
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WOO Network Repurchases from Bankrupt Hedge Fund 3AC to ‘Clear the Uncertainty’
WOO co-founder Jack Tan said the repurchase allows the company to move on “without further distractions from the 3AC fallout”. WOO Network has announced its decision to repurchase shares and tokens it sold to defunct Singaporean hedge fund Three Arrows Capital (3AC) back in 2021. The Taiwan-based trading platform and liquidity
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WOO Network Repurchases Shares and Tokens From Bankrupt Hedge Fund 3AC
According to a press release, WOO agreed to cancel shares purchased by 3AC in 2021's Series A fundraise and repurchase 20 million WOO tokens, worth around $3.4 million at current prices. The tokens have been sent to a burn address or crypto wallet that cannot be accessed by anyone. Source
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Bitcoin Lightning Network growth jumps 1,200% in 2 years
Bitcoin’s layer 2 Lightning Network has seen an estimated 1,212% growth in two years, with around 6.6 million routed transactions in August, a significant jump compared to August 2021’s 503,000 transitions, according to data from the Bitcoin (BTC)-only exchange River. In an Oct. 10 report, River research analyst Sam Wouters
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Flare Network Taps Partnership with Subsquid to Empower Developers
Subsquid’s integration with Flare paves the way for greater innovation and collaboration in the blockchain ecosystem. Flare Network, an EVM smart contract platform, has announced its collaboration with Subsquid, a full-stack blockchain indexing solution to make historical data stored on the Flare blockchain readily available to developers utilizing the Subsquid network. Subsquid:
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Russia’s Putin praises CBDCs to reduce reliance on Western financial network
Russian president has once again highlighted the importance of an international payment system independent of interference. Russia seems to be making big bets on its digital ruble as Vladimir Putin hopes the digitization would help the country evade U.S. sanctions. Meeting with finalists of the International Financial Security Olympiad, the Russian leader
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Chia Network cuts staff, citing banking crises and industry skepticism
The San Francisco-headquartered firm fired 26 employees in an effort to go public despite banking challenges. Chia Network Inc., the firm behind the Chia blockchain, has cut 26 “positions” as it still eyes an initial public offering. We’re sharing the difficult news that we eliminated 26 positions across Chia Network today. We
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Chinese Firms Used Crypto Payments to Run Fentanyl Network, U.S. Claims in Charges
The U.S. Department of Justice (DOJ) targeted several Chinese businesses and their employees Tuesday in the latest round of charges tied to production and trafficking of fentanyl – a network that depended on cryptocurrency payments, according to authorities. Original Source
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Bluefin – Decentralized Crypto Exchange – v2 Goes Live on Sui Network
“Over the course of this year, we’ve rewritten our codebase and rebuilt the exchange on a new underlying technology,” Bluefin said in the press release. “With the next version of the exchange, we want to build a decentralized platform that can match the features and trading experience of centralized exchanges.” Source
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