The semiconductor giant plans to accelerate its AI chip production cycle following a bumper revenue report driven by AI data centers. Semiconductor giant Nvidia has no plans to slow its artificial intelligence ambitions following bumper quarterly revenues, netting the firm a record $26 billion for the first quarter. On May 22, Nvidia released its Q1 earnings report.…
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CNBC contributor and crypto investor Brian Kelly said Solana is one of the “big three” coins, meaning it’s likely to be the next to receive ETF treatment. Crypto investor and CNBC ‘Fast Money’ trader Brian Kelly sparked debate on Crypto X on Wednesday after suggesting that Solana (SOL) could be the next cryptocurrency to get a spot…
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The trader made an over 993x gain on their initial investment, spurring insider trading allegations. A savvy trader turned $2,275 worth of Solana tokens into a profit of $2.26 million in just eight hours. The memecoin trader’s wallet, known as “sundayfunday.sol,” made an over 993x gain on their 13 Solana token investment into newly-launched memecoin 1DOL, according to a…
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The company’s head of alignment, Jan Leike, resigned on May 17, stating they’d reached a “breaking point” with management. Sam Altman and Greg Brockman, the CEO and president of ChatGPT maker OpenAI, respectively, recently took to X to publicly discuss the recent departure of Jan Leike, arguably the company’s former top safety officer. As Cointelegraph…
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Mathematician Massimiliano Sala says current encryption methods won’t protect blockchain systems from quantum computers. Professor Massimiliano Sala of the University of Trento in Italy recently discussed the future of blockchain technology as it relates to encryption and quantum computing with the crew at Ripple as part of the company’s ongoing university lecture series. Sala’s discussion focused on…
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Crypto investors have flocked to unofficial GameStop memecoins because they’re jumping on any “sign of hope they can,” say traders. The price of unofficial GameStop memecoins have spiked alongside the rise of Gamestop’s (GME) share price due to a general sense of sluggishness in the market, say several crypto traders. “People are bored and are…
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Nicolas Bonta, Bitfarms co-founder and chair, will take over as interim president and CEO after Geoffrey Morphy filed a lawsuit for $27 million in damages against the mining firm. Geoffrey Morphy, the now former President and CEO of cryptocurrency mining firm Bitfarms, will be stepping down immediately after filing a lawsuit against the company in…
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Adding to the bullish technical formation, Bitcoin’s distribution ‘danger zone’ has officially ended, according to popular analyst Rekt Capital. A popular Bitcoin chart formation suggests that Bitcoin’s price could break out from its current range. However, this week’s macroeconomic news could also significantly impact the price. Can Bitcoin break out to the upside? Is a Bitcoin breakout…
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Ripple CEO Brad Garlinghouse says it is “clear” that the United States government is “going after” stablecoin issuer Tether — which could have an unpredictable impact on the crypto markets. Garlinghouse said on a May 10 episode of the World Class podcast there would “100%” be another crypto-related black swan event like the collapse and subsequent uncovering of fraud perpetrated by…
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The state-backed North Korean hacking group Kimsuky reportedly used a new malware variant to target at least two South Korean crypto firms. North Korean hackers are reportedly utilizing a “striking” new malware variant dubbed “Durian” to launch attacks on South Korean crypto firms. The North Korean hacking group Kimsuky used the new malware in a…
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