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James Van Straten
Crypto Trends

CoreWeave Stock Soars on $7B Data Center Deal With Applied Digital

by admin June 4, 2025



CoreWeave’s (CRWV) stock surged 25% on Tuesday and climbing another 5% pre-market, bringing its year-to-date gains to a staggering 276%, following news of a $7 billion infrastructure deal with Applied Digital.

The AI cloud-computing startup signed two 15-year lease agreements with Applied Digital for 250MW of IT load at the Ellendale, North Dakota data center campus.

The first 100MW will go live in Q4 2025, followed by a 150MW facility in mid-2026. CoreWeave also holds options for up to 300MW of additional capacity.

Applied Digital’s Ellendale campus is designed to host 400MW of critical IT load and over 1GW of power capacity is under review.

CEO Wes Cummins hailed the agreement as a major step in cementing Applied Digital’s role in the AI and HPC infrastructure space.

The company recently secured $375 million in financing from SMBC to accelerate development. Investor optimism around AI demand continues to fuel CoreWeave’s meteoric rise.



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June 4, 2025 0 comments
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Dow drops 115 points as S&P 500’s six-day rally ends
GameFi Guides

Dow Jones up 200 points as jobs data outshines trade fears

by admin June 4, 2025



U.S. stocks rose on Tuesday as the strong jobs report outweighed the OECD warning on the effects of the trade war.

Strong jobs data has boosted U.S. stocks, reversing earlier declines. On Tuesday, the Dow Jones index rose 0.5% or 209 points, while the S&P 500 gained 0.52%. The tech-heavy Nasdaq rose the most at 0.81%.

Stocks reversed declines from due to positive economic data. The Job Openings and Labor Turnover Survey update revealed that jobs openings rose in April, with 7.39 million new jobs at the month. This was an unexpected result, especially as U.S. “Liberation Day” tariffs took effect.

At the same time, hiring rates rose as well, and the number of available jobs to unemployed workers reached parity at 1. Overall, the report shows that the labor market remains strong. It also sets the stage for the report by the Bureau of Labor Statistics, set to release on Friday.

OECD warns about tariffs effects

Earlier on Tuesday, the OECD lowered its outlook on global growth, citing the effects of U.S. tariffs. According to the Organization for Economic Cooperation and Development, the global economy will grow by 2.9%, lower than the 3.3% last year.

The slowdown will impact the U.S., Canada, Mexico and China in particular, OECD expects. These are the countries most economically tied to U.S., and its major trading partners. At the same time, China is expected to suffer particularly under U.S. tariffs.

The U.S. economy is projected to grow just 1.6% in 2025, compared to 2.8% in 2024. At the same time, the organization warned about the inflationary effects of the tariffs. However, global inflation is expected to drop from last year, from 6.2% to 3.6% in 2025.

Lower commodity prices, largely a result of a slowdown in global demand, will contribute to lower consumer inflation.



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June 4, 2025 0 comments
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US markets close green as Trump tariff drama muddies outlook
Crypto Trends

Dow gains 214 points, markets end higher as strong labor data eases tariff concerns

by admin June 3, 2025



U.S. stocks climbed Tuesday, buoyed by stronger-than-expected labor data and optimism around potential U.S.-China trade talks, which helped offset economic growth warnings from the OECD. 

The Dow Jones Industrial Average rose 214 points, or 0.51%, while the S&P 500 gained 0.58%. The tech-heavy Nasdaq outperformed, rising 0.81%, powered by a rally in chip stocks led by Nvidia

A surprise uptick in April’s job openings, reported in the JOLTS update, reassured investors about labor market resilience even as tariff hikes take hold. Openings rose to 7.39 million, setting a positive tone ahead of Friday’s May jobs report. 

Hiring rates also increased, signaling continued labor market strength despite growing economic uncertainty.

OECD’s growth forecast 

The gains came despite the OECD slashing its 2025 U.S. growth forecast to 1.6% from 2.2%, citing the dampening effect of President Trump’s tariff plans on investment and confidence. Global growth was also revised lower, with trade-policy uncertainty weighing on activity. 

China’s factory sector posted its worst performance since 2022, reflecting the impact of renewed trade tensions.

Markets looked past the gloom, focusing instead on signs that Trump and Chinese President Xi Jinping may speak this week. That possibility, along with indications that Trump may soften some tariff plans, helped fuel a rally in semiconductor stocks. 

Nvidia jumped over 3%, reclaiming its position as the world’s most valuable company, while Broadcom and Micron gained more than 2% and 4%, respectively.

Investors are also watching developments on Trump’s tax-and-spending bill and awaiting second-quarter GDP and earnings data in July. Meanwhile, Robinhood shares rose 5.5% after closing its acquisition of crypto exchange Bitstamp. European stocks also advanced, and U.S. Treasury yields slipped.

While markets remain volatile, Tuesday’s gains reflect cautious optimism that trade tensions may cool and economic momentum can hold through summer.



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June 3, 2025 0 comments
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Coinbase Faces Fresh Heat Over Data Breach
Crypto Trends

Coinbase Faces Fresh Heat Over Data Breach

by admin June 3, 2025


Major US cryptocurrency exchange Coinbase is facing more criticism stemming from a recent hack incident after it turned out that it had outsourced customer support to TaskUs, a third-party contractor in India.   

Adam Cochran of Cinneamhain Ventures has criticized the company for using contractors instead of their direct employees. 

On Monday, Reuters reported that a TaskUS employee was caught taking photos of her computer in order to potentially sell Coinbase’s customer data. 

This turned out to be part of a coordinated campaign, with a total of 200 employees being fired in response.

Coinbase knew about the breach in January, according to the sources cited by Reuters. However, the incident was disclosed only in May. 

Coinbase has estimated that it could take a $400 million hit from the security breach. The incident could also attract close regulatory scrutiny. 

The hackers were demanding a $20 million payment to cover up the incident, but Coinbase refused to cave in to the extortion attempt. 



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June 3, 2025 0 comments
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NFT Gaming

Coinbase Knew of Its Data Breach Months Before Disclosing: Reuters

by admin June 3, 2025



In brief

  • Coinbase reportedly learned of a data breach tied to outsourcing company TaskUs in January.
  • Rogue TaskUs employees have been accused of leaking customer info for bribes.
  • Hackers demanded $20 million in Bitcoin from Coinbase, which the company refused.

Coinbase was made aware in January of a customer data breach involving its third-party contractor TaskUs months before publicly disclosing the incident, Reuters reported Monday, citing six sources familiar with the matter.

According to five former TaskUs employees, the breach was traced to an India-based TaskUs support agent who had been photographing her work computer screen with a phone. 

The employee and an alleged accomplice were suspected of selling Coinbase user information to hackers in exchange for bribes. 

“We immediately reported this activity to the client,” TaskUs told Reuters, adding that it had terminated two employees for illegal access and believed the breach was part of a wider, coordinated campaign targeting Coinbase and other service providers.

Decrypt has approached Coinbase and TaskUs for comment.

Coinbase disclosed the breach in an SEC filing on May 14 and followed up with a blog post on May 15. 

The company said hackers obtained customer names, addresses, masked bank details, and identity documents via compromised support staff. No funds or passwords were taken. On May 11, Coinbase received a $20 million Bitcoin ransom demand, prompting it to go public with the information.

It additionally said that the threat actor had obtained the information by paying multiple contractors or employees in support roles for information from internal Coinbase systems and that “these instances of such personnel accessing data without business need were independently detected by the Company’s security monitoring in the previous months.”



Reuters reported that at least part of the breach was linked to TaskUs, a U.S. outsourcing firm with over 61,000 employees across 12 countries. 

“They then tried to extort Coinbase for $20 million to cover this up. We said no,” the company wrote. CEO Brian Armstrong responded by offering a $20 million bounty for information leading to the arrest of the attackers. “We are not going to pay your ransom,” he said in a video statement.

The company said the breach affected less than 1% of its users. Coinbase has since cut ties with TaskUs and other overseas agents involved in the incident and claims to have strengthened internal controls.

The breach sparked a shareholder lawsuit filed May 22 in federal court in Pennsylvania. Investor Brady Nessler accused Coinbase of violating securities laws by failing to disclose the breach promptly and alleged the company also concealed prior regulatory issues. 

Coinbase’s stock dropped 7% following the disclosure but has since rebounded, bolstered by its inclusion in the S&P 500.

Edited by Sebastian Sinclair

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June 3, 2025 0 comments
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NFT Gaming

Riot Platforms (RIOT) Taps Data Center Veteran to Expand Beyond Bitcoin Mining

by admin June 2, 2025



Riot Platforms (RIOT) has hired industry veteran Jonathan Gibbs as its Chief Data Center Officer, marking a strategic move by the bitcoin miner to branch out beyond crypto into the broader data infrastructure business.

Gibbs brings over 15 years of experience and a résumé that includes designing and building more than one gigawatt of data center capacity across North America, Europe and Asia. He most recently served as Executive Vice President at Prime Data Centers, where he led projects across the U.S.

Now, he’s tasked with launching Riot’s new data center platform aimed at companies that require massive computing power to support cloud services and artificial intelligence. The company plans to build out non-bitcoin-focused facilities, leveraging 1.7 gigawatts of power capacity it already controls.

The company’s CEO, Jason Les, said the new initiative will “aggressively scale” to meet surging demand. If successful, Riot could join a growing list of former mining firms repositioning themselves as key players in the AI and cloud infrastructure boom.



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June 2, 2025 0 comments
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Nord Quantique quantum computing
Gaming Gear

Quantum startup claims its 20-square-meter machine will crush HPC giants and rewrite the future of data centers forever

by admin June 2, 2025



  • Nord Quantique promises quantum power without the bulk or energy drain
  • Traditional HPC may fall if Nord’s speed and energy claims prove real
  • Cracking RSA-830 in an hour could transform cybersecurity forever

A quantum computing startup has announced plans to develop a utility-scale quantum computer with more than 1,000 logical qubits by 2031.

Nord Quantique has set an ambitious target which, if achieved, could signal a seismic shift in high-performance computing (HPC).

The company claims its machines are smaller and would offer far greater efficiency in both speed and energy consumption, thereby making traditional HPC systems obsolete.


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Advancing error correction through multimode encoding

Nord Quantique uses “multimode encoding” via a technique known as the Tesseract code, and this allows each physical cavity in the system to represent more than one quantum mode, effectively increasing redundancy and resilience without adding complexity or size.

“Multimode encoding allows us to build quantum computers with excellent error correction capabilities, but without the impediment of all those physical qubits,” explained Julien Camirand Lemyre, CEO of Nord Quantique.

“Beyond their smaller and more practical size, our machines will also consume a fraction of the energy, which makes them appealing for instance to HPC centers where energy costs are top of mind.”

Nord’s machines would occupy a mere 20 square meters, making them highly suitable for data center integration.

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Compared to 1,000–20,000 m² needed by competing platforms, this portability further strengthens its case.

“These smaller systems are also simpler to develop to utility-scale due to their size and lower requirements for cryogenics and control electronics,” the company added.

The implication here is significant: better error correction without scaling physical infrastructure, a central bottleneck in the quantum race.

In a technical demonstration, Nord’s system exhibited excellent stability over 32 error correction cycles with no measurable decay in quantum information.

“Their approach of encoding logical qubits in multimode Tesseract states is a very effective method of addressing error correction and I am impressed with these results,” said Yvonne Gao, Assistant Professor at the National University of Singapore.

“They are an important step forward on the industry’s journey toward utility-scale quantum computing.”

Such endorsements lend credibility, but independent validation and repeatability remain critical for long-term trust.

Nord Quantique claims its system could solve RSA-830, a representative cryptographic challenge, in just one hour using 120 kWh of energy at 1 MHz speed, slashing the energy need by 99%.

In contrast, traditional HPC systems would require approximately 280,000 kWh over nine days. Other quantum modalities, such as superconducting, photonic, cold atoms, and ion traps, fall short in either speed or efficiency.

For instance, cold atoms might consume only 20 kW, but solving the same problem would take six months.

That said, there remains a need for caution. Post-selection – used in Nord’s error correction demonstrations, required discarding 12.6% of data per round. While this helped show stability, it introduces questions about real-world consistency.

In quantum computing, the leap from laboratory breakthrough to practical deployment can be vast; thus, the claims on energy reduction and system miniaturization, though striking, need independent real-world verification.

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June 2, 2025 0 comments
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Zero-knowledge proofs offer a cryptographic solution that keeps your sensitive data safe.
Crypto Trends

Zero-knowledge proofs offer a cryptographic solution that keeps your sensitive data safe.

by admin May 27, 2025



Opinion by: Andre Omietanski, General Counsel, and Amal Ibraymi, Legal Counsel at Aztec Labs

What if you could prove you’re over 18, without revealing your birthday, name, or anything else at all? Zero-knowledge proofs (ZKPs) make this hypothetical a reality and solve one of the key challenges online: verifying age without sacrificing privacy. 

The need for better age verification today

We’re witnessing an uptick in laws being proposed restricting minors’ access to social media and the internet, including in Australia, Florida, and China. To protect minors from inappropriate adult content, platform owners and governments often walk a tightrope between inaction and overreach. 

For example, the state of Louisiana in the US recently enacted a law meant to block minors from viewing porn. Sites required users to upload an ID before viewing content. The Free Speech Coalition challenged the law as unconstitutional, making the case that it infringed on First Amendment rights.

The lawsuit was eventually dismissed on procedural grounds. The reaction, however, highlights the dilemma facing policymakers and platforms: how to block minors without violating adults’ rights or creating new privacy risks.

Traditional age verification fails

Current age verification tools are either ineffective or invasive. Self-declaration is meaningless, since users can simply lie about their age. ID-based verification is overly invasive. No one should be required to upload their most sensitive documents, putting themselves at risk of data breaches and identity theft. 

Biometric solutions like fingerprints and face scans are convenient for users but raise important ethical, privacy, and security concerns. Biometric systems are not always accurate and may generate false positives and negatives. The irreversible nature of the data, which can’t be changed like a regular password can, is also less than ideal. 

Other methods, like behavioral tracking and AI-driven verification of browser patterns, are also problematic, using machine learning to analyze user interactions and identify patterns and anomalies, raising concerns of a surveillance culture.

ZKPs as the privacy-preserving solution

Zero-knowledge proofs present a compelling solution. Like a government ID provider, a trusted entity verifies the user’s age and generates a cryptographic proof confirming they are over the required age.

Websites only need to check the proof, not the excess personal data, ensuring privacy while keeping minors at the gates. No centralized data storage is required, alleviating the burden on platforms such as Google, Meta, and WhatsApp and eliminating the risk of data breaches. 

Recent: How zero-knowledge proofs can make AI fairer

Adopting and enforcing ZKPs at scale

ZKPs aren’t a silver bullet. They can be complex to implement. The notion of “don’t trust, verify,” proven by indisputable mathematics, may cause some regulatory skepticism. Policymakers may hesitate to trust cryptographic proofs over visible ID verification. 

There are occasions when companies may need to disclose personal information to authorities, such as during an investigation into financial crimes or government inquiries. This would challenge ZKPs, whose very intention is for platforms not to hold this data in the first place.

ZKPs also struggle with scalability and performance, being somewhat computationally intensive and tricky to program. Efficient implementation techniques are being explored, and breakthroughs, such as the Noir programming language, are making ZKPs more accessible to developers, driving the adoption of secure, privacy-first solutions. 

A safer, smarter future for age verification

Google’s move to adopt ZKPs for age verification is a promising signal that mainstream platforms are beginning to embrace privacy-preserving technologies. But to fully realize the potential of ZKPs, we need more than isolated solutions locked into proprietary ecosystems. 

Crypto-native wallets can go further. Open-source and permissionless blockchain-based systems offer interoperability, composability, and programmable identity. With a single proof, users can access a range of services across the open web — no need to start from scratch every time, or trust a single provider (Google) with their credentials.

ZKPs flip the script on online identity — proving what matters, without exposing anything else. They protect user privacy, help platforms stay compliant, and block minors from restricted content, all without creating new honeypots of sensitive data.

Google’s adoption of ZKPs shows mainstream momentum is building. But to truly transform digital identity, we must embrace crypto-native, decentralized systems that give users control over what they share and who they are online.

In an era defined by surveillance, ZKPs offer a better path forward — one that’s secure, private, and built for the future.

Opinion by: Andre Omietanski, General Counsel, and Amal Ibraymi, Legal Counsel at Aztec Labs.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.



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May 27, 2025 0 comments
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NFT Gaming

Coinbase Faces Investor Lawsuit Over Alleged Damages From Data Breach

by admin May 27, 2025



In brief

  • Coinbase is fielding a lawsuit from an investor that claims to have suffered “significant losses and damages” due to the company’s alleged “misleading” statements.
  • The investor took issue with Coinbase’s revelation in mid-May that it had suffered a data breach, several months after the leak of the company’s user data began.
  • Coinbase stock is up 7% since it revealed that “less than 1%” of its customers’ data had been stolen on May 15.

Coinbase is facing a lawsuit over allegations it violated securities laws and issued “misleading” statements to its shareholders, roughly a week after the crypto exchange drew criticism for revealing it had suffered a large data breach.

In a legal complaint filed on May 22 in the U.S. District Court for the Eastern District of Pennsylvania, Coinbase investor Brady Nessler alleges he suffered “significant [financial] losses and damages” due to the public company’s “wrongful acts and omissions.” Coinbase failed to promptly disclose that its customers’ data had been leaked, beginning in December 2024— a revelation that finally came to light on May 15 and caused the company’s stock to immediately drop 7% and close at $244 later that same day, according to the lawsuit. 

The lawsuit also alleges Coinbase similarly declined to disclose information related to its dealings with U.K. regulators in 2020, roughly a year before the trading platform went public in the U.S. 

“As a result of Defendants’ wrongful acts and omissions, and the precipitous decline in the market value of the Company’s common shares, Plaintiff and other Class members have suffered significant losses and damages,” Nessler’s lawyers said in the filing.



Coinbase did not immediately respond to Decrypt’s request for comment, which was sent on a U.S. public holiday. Nessler’s attorney likewise did not respond to a request for comment.

In the U.S., anyone can file a lawsuit, and it is relatively easy and inexpensive to do so. 

“While almost anyone can try to sue for many reasons, there are important rules and limits,” Andrew Rossow, a reputation management attorney and founder of legal firm Rossow Law, told Decrypt. “For example, courts can quickly dismiss cases that have no legal basis, even if everything the person says is true.” 

Rossow added that individuals who bring lawsuits against others must “show that [they] are directly affected by the problem and have suffered a real injury” in order for their cases to be heard in court.

The allegations come as Coinbase stock continues to recover following the trading platform’s revelation almost two weeks ago that its customers’ data had been compromised. The company’s shares are trading at $263 as of writing time, up 7% since Coinbase first publicized its data leak.

Coinbase reported the data breach in a May 15 blog post, noting that “less than 1%” of its users’ names, addresses, masked bank details, identity documents and other sensitive information had been leaked. The exchange revealed it had received a demand for $20 million in exchange for the stolen data, prompting it to publicize the leak and offer a bounty for information leading to the arrest of those behind it. 

Although Coinbase shares experienced a near-double-digit drop following the publication of the blog post, the stock’s price quickly recovered. The negative impact of the data breach on Coinbase stock was largely buffeted by the firm’s announcement earlier that week that it had joined the S&P 500—a major milestone for publicly traded companies in the U.S. 

Nessler’s lawyers did not specify the amount of damages their client is seeking. The complaint calls for a trial by jury.

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May 27, 2025 0 comments
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A Starter Guide to Protecting Your Data From Hackers and Corporations
Product Reviews

A Starter Guide to Protecting Your Data From Hackers and Corporations

by admin May 27, 2025


How do I deal with having to have a new account for every service and website? Should I be using new email addresses?

A new email address for every account is a big undertaking! I’d recommend having an email address for the accounts that are most important to you and then having one that you use to sign up for things that are less important. There are also services that will let you create “burner” emails that you can use to sign-up with services, and if you use an Apple device there’s a “Hide My Email” setting.

What tips would you offer to those looking to keep their digital privacy while crossing the US border (or otherwise entering or exiting the States)?

It really depends on what levels of risk you as an individual could face. Some people traveling across the border are likely to face higher scrutiny than others—for instance nationality, citizenship, and profession could all make a difference. Even what you’ve said on social media or in messaging apps could potentially be used against you.

Personally, the first thing I would do is think about what is on my phone: the kind of messages I have sent (and received), what I have posted publicly, and log out (or remove) what I consider to be the most sensitive apps from my phone (such as email). A burner phone might seem like a good idea, although this isn’t the right idea for everyone and it could bring more suspicion on you. It’s better to have a travel phone—one that you only use for travel that has nothing sensitive on it or connected to it.

My colleague Andy Greenberg and I have put together a guide that covers a lot more than this: such as pre-travel steps you can take, locking down your devices, how to think about passwords, and minimizing the data you are carrying. It’s here. Also, senior writer Lily Hay Newman and I have produced a (long) guide specifically about phone searches at the US border.

Would you recommend against having a device like Alexa in your home? Or are there particular products or steps you can take to make a smart device more secure?

Something that’s always listening in your home—what could go wrong? It’s definitely not great for overall surveillance culture.

Recently Amazon also reduced some of the privacy options for Alexa devices. So if you’re going to use a smart speaker, then I’d look into what each device’s privacy settings are and then go from there.

How do you see people’s willingness to hand over information about their lives to AI playing into surveillance?

The amount of data that AI companies have—and continue to—hoover up really bothers me. There’s no doubt that AI tools can be useful in some settings and to some people (personally, I seldom use generative AI). But I would generally say people don’t have enough awareness about how much they’re sharing with chatbots and the companies that own them. Tech companies have scraped vast swathes of the web to gather the data they claim is needed to create generative AI—often with little regard for content creators, copyright laws, or privacy. On top of this, increasingly, firms with reams of people’s posts are looking to get in on the AI gold rush by selling or licensing that information.



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May 27, 2025 0 comments
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