Sentinum, Inc., a leading player in the cryptocurrency mining industry, has recently begun construction on a state-of-the-art cryptomine data center in Montana. The parent company of Sentinum, Ault Alliance, announced that the facility, with a capacity of 20MW, will be up and running before the end of the year. This development marks a significant milestone for Sentinum as it expands
Mythical Games, a prominent Web3 game studio, has made history by officially releasing ‘NFL Rivals,’ the world’s first NFL-licensed game powered by Web3 technology. Bringing together the excitement of professional football and the innovative capabilities of blockchain technology, NFL Rivals promises an immersive gaming experience like never before. Kickoff Program Introduces Mythical Marketplace to NFL Rivals App On August 24,
In a major cybersecurity breach, FTX’s bankruptcy claims agent, Kroll, experienced a security incident that resulted in the compromise of user data from both FTX and the bankrupt crypto lender, BlockFi. While the breach raised concerns among customers, FTX assured users that the compromised data consisted only of “non-sensitive” customer information. However, details regarding the timing of the breach were
In a significant move to expand its presence in the Turkish market, Bitfinex, a leading crypto trading platform, has partnered with Vakıfbank, the second-largest bank in Turkey, to offer Turkish customers free Turkish Lira deposits. This collaboration not only strengthens Bitfinex’s foothold in Turkey but also provides easier access to the cryptocurrency landscape for Turkish customers. Strengthening Bitfinex’s presence in
The implementation of blockchain technology and tokenization of assets has the potential to revolutionize the global economy. By introducing the concept of fractional ownership of assets, tokenization gives people much greater access to wealth and financial options. This article delves into the various ways in which tokenization can break down entry barriers, enhance transparency and efficiency, reduce costs in cross-border
Binance, the leading cryptocurrency exchange, made headlines recently as it terminated its relationships with five Russian banks that were under Western sanctions. This move came after the exchange faced criticism from The Wall Street Journal (WSJ) for offering these sanctioned banks as transfer options on its platform. The report raised concerns about Binance’s operational connections in Russia and the potential
In an era where digital transformation is reshaping various industries, PaymentX emerges as a groundbreaking solution designed to streamline the payroll process through the integration of cryptocurrency payments. By eliminating the need for traditional payment methods, which can often be time-consuming, expensive, and burdened with intermediaries, PaymentX aims to provide businesses with a more efficient and cost-effective way to manage
In a groundbreaking collaboration, Sileon, a leading software-as-a-service (SaaS) provider, has joined forces with ZorrzTM Finance, an innovative FinTech entity dedicated to democratizing credit access through the power of artificial intelligence (AI). This partnership aims to revolutionize the credit industry by enhancing ZorrzTM Finance’s AI-crafted secured credit card offerings with Sileon’s cutting-edge card-based Buy Now Pay Later (BNPL) solution. Enhancing
The Reserve Bank of Australia (RBA) recently concluded its pilot program on Central Bank Digital Currency (CBDC), shedding light on the potential improvements it could bring to the country’s financial landscape. In a 44-page report released on August 23, the RBA, in collaboration with the Digital Finance Cooperative Research Centre, outlined the key areas where a CBDC could enhance existing
The Federal Bureau of Investigation (FBI) has recently uncovered a vast cybercrime operation involving a group associated with the Democratic People’s Republic of Korea (DPRK). This group, commonly referred to as the Lazarus Group or APT38, has stolen hundreds of millions of dollars in cryptocurrency. The FBI warns that the group may attempt to cash out their stolen funds, which
An intriguing phenomenon has taken the cryptocurrency world by storm, as an unknown Bitcoin wallet has swiftly risen to become the world’s third-largest holder in just over three months. Since its establishment in early May, this enigmatic wallet has been steadily accumulating Bitcoin, amassing an astounding $3.08 billion worth of the flagship cryptocurrency. While the owner remains a mystery, there
PayPal, the leading online payments service, has made a groundbreaking move by introducing its own stablecoin, “PYUSD,” on the Ethereum blockchain. This announcement marks PayPal as the first online payments service to venture into the realm of stablecoins, and it aims to revolutionize the way digital payments are made. With over 430 million monthly users, PayPal aims to establish itself
