Tag:

Plans

(L to R): OpenAI President Greg Brockman, NVIDIA Founder and CEO Jensen Huang, and OpenAI CEO Sam Altman are seen standing side by side.
Gaming Gear

Nvidia plans to splash OpenAI with cash, pouring out $100 billion for ChatGPT’s creator and making last week’s Intel investment look like a drop in the money bucket

by admin



Big tech is capable of throwing around some eye-watering amounts of cash. As you may recall, Nvidia announced $46.7 billion total revenue during its Q2 2025 earnings call. That’s not just a lot of moolah, but serious spending power.

As such, this week, Nvidia announced it will be investing $100 billion into OpenAI. Part of this mountain of money will go towards supplying the steward of ChatGPT with data centre chips. Details have yet to be finalised, but a letter of intent signed by the two companies announced plans to deploy 10 gigawatts of Nvidia systems for use in OpenAI’s data centres.

The two companies were hardly strangers to begin with, but this latest deal gives Nvidia a stake in one of its biggest customers. Nvidia’s investment in OpenAI will eventually take the form of non-voting shares in the company. OpenAI will then use the resulting cash flow to buy the aforementioned AI chips. Ultimately, this latest pledge of $100 billion makes last week’s surprising news that Nvidia would be putting $5 billion into Intel look like a drop in the bucket.


Related articles

Once this most recent deal is finalised, sources close to the company claim the plan is for Nvidia to invest an initial sum of $10 billion, followed by a hardware rollout sometime towards the end of 2026. The first gigawatt of power will likely take to the stage of Nvidia’s upcoming Vera Rubin AI compute platform, which was first revealed back in March.

OpenAI CEO Sam Altman explained in a statement that it was all about maintaining a competitive edge in an increasingly crowded field, saying, “Everything starts with compute. Compute infrastructure will be the basis for the economy of the future, and we will utilize what we’re building with Nvidia to both create new AI breakthroughs and empower people and businesses with them at scale.”

But Nvidia spending money on OpenAI so OpenAI can then buy Nvidia hardware has raised some concerns; if this flow of cash looks a little circular to you, you’re not the only one concerned about the potential shape of things to come.

Speaking to Reuters, Bernstein analyst Stacy Rasgon commented, “On the one hand this [deal] helps OpenAI deliver on what are some very aspirational goals for compute infrastructure, and helps Nvidia ensure that that stuff gets built. On the other hand the ‘circular’ concerns have been raised in the past, and this will fuel them further.”

Though that said, it’s perhaps too early to start throwing around words like ‘antitrust,’ particularly as the US Trump administration is all in on AI. Still though, the proposed 10 gigawatt data centres will demand power equivalent to the needs of 8 million U.S. households; despite Nvidia CEO Jensen Huang’s suggestion that AI customers ‘pace themselves’ and other major big tech players looking to nuclear to meet AI’s power demands, there may come a time when such a power imbalance can no longer be ignored.

Best graphics card 2025

All our current recommendations



Source link

0 comments
0 FacebookTwitterPinterestEmail
Ethzilla Plans To Raise $350M To Boost Eth Reserve
GameFi Guides

ETHZilla Plans to Raise $350M to Boost ETH Reserve

by admin



ETHZilla Corporation has announced its latest capital plan, which includes securing a $350 million add-on convertible debenture investment from its existing institutional partner. The firm also provided a comprehensive business update, outlining its growing Ethereum (ETH) reserve, stock repurchase activity, and plans to tokenize real-world assets.

In their official press release, the firm said that the $350 million is raised via debenture insurance built on ETHZilla’s prior $156.5 million convertible debt arrangement. The update will have revised interest rates of 2% per year, starting from February 2026. 

New debentures will be issued at 2% annual interest with a conversion price of $3.05 per share, representing 1.05 times the firm’s market net asset value (mNAV). Furthermore, the company will now oversee a nearly $500 million interest-bearing securities portfolio, capturing excess interest income.

“ETHZilla is committed to being a responsible steward of shareholder capital,” said Chairman and CEO McAndrew Rudisill. “Our strategy is to deploy ETH into Layer 2 protocols and tokenize real-world assets to create sustainable free cash flow on the Ethereum network.”

ETHZilla’s yield strategy 

Besides buying ETH, the company also mentioned that it generated extra cash from using ETH in Layer 2 protocols and from its cash invested in the U.S. Treasuries and commercial paper, and it is looking into turning real-world assets into tokens. Furthermore, the firm repurchased approximately 500,000 shares at an average price of $2.41. At present, ETHZilla’s total holdings Ethereum is equivalent to 102,264, worth approximately $462 million. 

The firm also aims to roll out an ETH dashboard in the coming weeks, offering real-time visibility into its treasury and on-chain yield strategies. The company will also provide updated financial guidance for the remainder of 2025 in its Q3 earnings report. 

Also Read: BitMine Now Holds 2% of Ethereum, Raises $365M to Buy More



Source link

0 comments
0 FacebookTwitterPinterestEmail
UXLINK token swap after security breach
Crypto Trends

UXLINK plans token swap as hacker continues minting tokens

by admin



UXLINK will launch a token swap after a hacker exploited its multi-sig wallet and began minting tokens while also draining millions in assets.

Summary

  • UXLINK suffered a $11.3M hack via multi-sig breach.
  • Token price dropped over 70% after exploit.
  • UXLINK plans token swap to restore supply integrity as hacker continues unauthorized minting.

UXLINK is preparing a token swap to protect its ecosystem after a hacker exploited its multi-signature wallet and continued unauthorized minting of tokens.

On Sept. 23, UXLINK posted a security update on X confirming that a malicious actor is still minting UXLINK tokens without authorization. The team said it is working with major centralized exchanges to suspend trading and will soon initiate a token swap plan to restore the project’s token economy.

UXLINK breach and unauthorized minting

The attack was first disclosed on Sept. 22 after blockchain security firm Cyvers flagged suspicious activity on UXLINK’s smart contracts. The project’s multi-sig wallet was compromised by hackers who exploited a “delegateCall” vulnerability to gain administrator privileges. 

This made it possible for assets worth approximately $11.3 million to be stolen, including $4.5 million in stablecoins and major tokens such as ETH and WBTC.

The attacker also minted between 1–2 billion UXLINK tokens on Arbitrum (ARB), of which 490 million were initially received and later sold across decentralized exchanges. Proceeds were bridged to Ethereum (ETH) and swapped into ETH, netting around 6,732 ETH ($28.1 million at current prices).

Despite quick intervention from exchanges, including Upbit, which froze deposits, the minting exploit has left the token supply compromised. UXLINK’s price dropped over 70% in the aftermath, falling from $0.30 to near $0.09, erasing around $70 million in market cap.

UXLINK’s response and mitigation efforts

The project emphasized that user wallets were not directly affected. Most of the hacker’s funds have been frozen on exchanges, and law enforcement agencies are involved in recovery efforts. PeckShield has been engaged to assist with the investigation and auditing.

With the ongoing unauthorized minting, UXLINK said a token swap will be rolled out “promptly” to protect holders and realign the supply with its whitepaper rules. Further instructions will be issued through official channels.

The team reiterated its focus on protecting its 55 million users and ensuring transparency during the recovery process.



Source link

0 comments
0 FacebookTwitterPinterestEmail
ETHZilla Plans $350M Raise to Expand Ether Treasury and Yield Strategy
Crypto Trends

ETHZilla Plans $350M Raise to Expand Ether Treasury and Yield Strategy

by admin



Ether treasury company ETHZilla is looking to raise another $350 million through new convertible bonds, with funds marked for more Ether purchases and generating yield through investments in the ecosystem. 

ETHZilla chairman and CEO McAndrew Rudisill said on Monday that the company’s strategy is to deploy Ether (ETH) in “cash-flowing assets” on the Ethereum network through layer-2 protocols and tokenizing real-world assets. 

“We believe our business model is highly scalable, with significant fixed operating leverage and recurring positive cash flow.”  

A growing number of digital asset companies are moving past simply holding crypto and looking to generate yields through active participation in the ecosystem, which crypto executives told Cointelegraph in August, could help spark a DeFi Summer 2.0.

ETHZilla is already earning tokens 

The Ether treasury company has already earned 1.5 million in unnamed tokens, according to the company’s disclosed financials through its participation in the ecosystem. 

“ETHZilla continues to actively deploy capital across the Ethereum ecosystem, strategically supporting a diverse range of protocols that drive innovation, long-term network growth, and differentiated yield,” the company said. 

It also previously raised $156.5 million through convertible bonds, which, combined with the fresh $350 million, leaves the company with over $506 million in its war chest. 

If it uses the entire raise for more Ether purchases, ETHZilla could stack another 120,000 tokens and add to their stash of 102,000, worth more than $428 million. 

ETHZilla, the eighth-largest Ether treasury company 

Formerly Life Sciences Corp, a Nasdaq-listed biotechnology company, it rebranded as ETHZilla Corporation in July to pivot heavily into Ether investment. 

ETHZilla is the eighth largest Ether treasury company out of 69 listed, which combined, hold 5.25 million tokens, worth over $22 billion and representing 4.25% of the circulating supply.

ETHZilla is the eighth-largest Ether treasury company with over 102,000 tokens. Source: StrategicETHReserve.XYZ

Tom Lee’s BitMine Immersion Technologies leads the pack with its 2.4 million Ether, while Sharplink Gaming is in second with 838,000 tokens. 

Stock price has been making small gains since crypto shift 

Founded in 2016 as a clinical-stage biotechnology firm, Life Sciences went public in 2020, but since its initial public offering, the stock has plunged by over 99% in the last five years. 

Related: Solana treasury race heats up as firms hunt staking rewards

The sharp decline was attributed mainly to a lack of revenue, mounting losses and repeated shareholder dilution to raise capital.

Its stock has since registered a 31% gain for the year, with its best-performing month coming in August when it rocketed to $10.70.

ETHZilla stock is up 31% year to date. Source: Google Finance 

In the last trading session, ETHZilla stock is down 5% in the regular session but rose 2% after hours to trade at $2.45. 

Magazine: Meet the Ethereum and Polkadot co-founder who wasn’t in Time



Source link

0 comments
0 FacebookTwitterPinterestEmail
Crypto
NFT Gaming

US Lawmakers Urge SEC To Allow Crypto Investments In 401(k) Plans

by admin


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

A group of US lawmakers, led by House Committee on Financial Services Chairman French Hill, have reached out to Securities and Exchange Commission (SEC) Chair Paul Atkins to express their support for Executive Order 14330, which seeks to democratize access to crypto assets for 401(k) investors.

Crypto Inclusion In Retirement Savings

In a letter addressed to Chairman Atkins, the lawmakers highlighted the executive order’s potential to enhance retirement savings for “millions of Americans.”

They emphasized the importance of enabling access to alternative investments such as crypto, which could improve net risk-adjusted returns for retirement accounts when deemed appropriate by plan fiduciaries. 

The letter calls for the SEC to collaborate with the Department of Labor to revise existing regulations and guidance, ensuring that these investment opportunities become accessible to a broader range of investors.

New Bipartisan Push

The lawmakers also pointed out that the executive order includes directives for the SEC to facilitate access to alternative assets specifically within participant-directed defined contribution retirement savings plans. They noted that this could involve reassessing the criteria for accredited investors and qualified purchasers.

The bipartisan group encouraged the SEC to act promptly in assisting the Secretary of Labor with necessary regulatory revisions. They also urged the SEC to consider bipartisan legislation currently advancing in Congress that focuses on the definition of accredited investors. 

Their hope is that these efforts will benefit the roughly 90 million Americans who are currently unable to invest in crypto and alternative assets, thereby helping them secure a “dignified and comfortable retirement.”

The daily chart shows the total crypto market cap valuation drop toward $3.8 trillion. Source: TOTAL on TradingView.com

Featured image from DALL-E, chart from TradingView.com 

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Decrypt logo
NFT Gaming

WLFI Rises as Trump-Backed World Liberty Plans to Buy Back and Burn Tokens

by admin



In brief

  • WLFI token holders passed a proposal to buy back and burn the token using earned fees.
  • Fees earned will buy used to buy WLFI from the open market and effectively remove them from the circulating supply.
  • WLFI is currently up 6% on the day and more than 13% in the last week.

The WLFI token of the Trump-backed DeFi protocol World Liberty Financial is rising amid news that the protocol intends to buy back and burn the token with fees it earns from providing liquidity. 

WLFI has risen over 6% in the last 24 hours and more than 13% in the last week, now changing hands at $0.236.

The firm’s buyback and burn program plans were officially approved via a governance vote in which WLFI token holders overwhelmingly voted in favor of the proposition with 99.84% “for.” 

“This proposal directs all fees earned by WLFI’s protocol-owned liquidity (POL) to be used for buying WLFI on the open market and permanently burning it,” it reads. 



In other words, all the fees earned by World Liberty Financial for providing liquidity with its treasury funds will purchase tokens, which will subsequently be burned—or effectively destroyed and removed from the supply. 

World Liberty currently earns fees from trading on the Ethereum, Solana, and BNB Chain. 

The proposal also considered alternative uses for the fees, like keeping them in the treasury for operations or splitting with a burn program, but ultimately believed that the “community preference” was to burn 100% of fees earned. 

The WLFI token debuted for trading in early September, quickly jumping to more than $0.26—greater than a 1,700% gain for allowlisted buyers of the token who were able to purchase it for just more than a penny. The token peaked above a price of $0.33 on the day that trading began.

Initially the token was not tradeable and was only used as a governance token, but a proposal was passed in July to make it eligible for trading on the open market.

The Trump-backed project has led to a significant boon to the family’s wealth, with the value of their holdings jumping as high as $6 billion thanks to their collectively owned 22.5 billion WLFI tokens. That amount is now worth just more than $5 billion. 

Since launching last year, the DeFi protocol unveiled its own stablecoin—USD1—which has gone on to earn a Coinbase listing. The dollar-backed stablecoin also trades on Ethereum, BNB Chain, Solana, and Tron.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

0 comments
0 FacebookTwitterPinterestEmail
DAAPrivacyRightIcon
Gaming Gear

Elon Musk’s Neuralink plans a brain speech trial in October

by admin


Neuralink plans to begin another US clinical trial in October, using the implant to translate thoughts into text. The study will be held through an FDA investigational device exemption. “If you’re imagining saying something, we would be able to pick that up,” Neuralink president DJ Seo said this week.

The idea is to help people with speech impairments communicate through thought. Neuralink is among the companies testing implants that help patients control a computer with their minds. That can include using virtual keyboards. Translating thought directly from the patient’s speech cortex could speed things up by cutting the middleman.

The company already has five other clinical trials underway. The first was in the US. It has since added studies in Canada, the UK and the United Arab Emirates.

Neuralink / Chey Institute for Advanced Studies / YouTube

Neuralink’s plans for people with severe impairments sound like utopian sci-fi. Regardless of anything else, success in this field could be beyond life-changing for them. Still, this is a commercial company in which Elon Musk owns a majority share. Neuralink’s long-term plans are where it’s hard not to worry a little.

“We’re currently envisioning a world where in about three to four years, there will be someone who’s otherwise healthy who’s going to get a Neuralink,” Seo said. The company president hinted at what that might look like. “We think that it’s actually possible to demonstrate abilities to speak to the latest AI model, or LLM models, at the speed of thought, even faster than how you’re speaking, and being able to potentially get that information back through your AirPods, effectively closing the loop,” he said.

Our world today has revealed where things can go wrong when we turn too much of our humanity over to technology. You can start with smartphone addiction and social media algorithms and quickly move on to (alleged) AI-enabled suicide. Consumer brain implants can conjure the darkest images painted by our great sci-fi works. Think Neuromancer, Star Trek’s Borg or Cyberpunk 2077‘s cyberware.

Add what we know about Musk’s ideas about politics, and it’s hard not to be at least a little cynical. Is it too much to hope that the technology will advance enough to help those in need, but not so much that it devours humanity?



Source link

0 comments
0 FacebookTwitterPinterestEmail
Forward Industries Plans $4B Share Sale to Back Solana Treasury
Crypto Trends

Forward Industries Plans $4B Share Sale to Back Solana Treasury

by admin



Nasdaq-listed company Forward Industries filed for an at-the-market (ATM) equity offering program of up to $4 billion, giving the company flexibility to sell shares over time to support its Solana-focused treasury strategy. 

On Wednesday, Forward Industries announced that the program will allow it to issue and sell common stock through sales agent Cantor Fitzgerald. 

The offering is being made under an automatic shelf registration statement filed with the US Securities and Exchange Commission (SEC). An automatic shelf registration allows certain large, publicly traded companies to quickly raise capital with flexibility. 

While the maximum amount listed is $4 billion, the company noted that sales may or may not occur depending on market conditions.

Forward Industries to use part of the funds on Solana purchases

According to the announcement, proceeds from share sales will be used for general corporate purposes. This includes working capital, growth initiatives and expanding its Solana (SOL) treasury holdings. 

Kyle Samani, the chairman of the company’s board of directors, said the offering gives Forward Industries a flexible and efficient mechanism to raise and deploy capital for its Solana treasury strategy. 

“The ATM Program enhances our ability to continue scaling that position, strengthen our balance sheet, and pursue growth initiatives in alignment with our long-term vision,” Samani said.

Forward Industries announced its Solana treasury strategy plans on Sept. 8, securing $1.65 billion in cash and stablecoin commitments to build its SOL stash, led by crypto heavyweights like Galaxy Digital, Jump Crypto and Multicoin Capital.

The announcement was followed by a SOL buying spree, with Galaxy Digital buying $306 million in Solana tokens in one day to put in Forward Industries’ stash. 

At the time of writing, treasury data tracker Solana Strategic Reserve showed that Forward Industries led the SOL treasury companies, holding $1.6 billion in tokens.

Related: Nasdaq-listed Helius announces $500M funding for Solana treasury

Solana treasury companies hit $4 billion in SOL tokens

Forward Industries is not alone in its efforts to build a strategic treasury focused on Solana tokens. On Tuesday, Solana Strategic Reserve showed that SOL treasuries reached over 17.11 million SOL tokens for the first time. These tokens were worth over $4 billion, signaling increased institutional interest in Solana. 

In total, 17 companies have implemented Solana reserve strategies, including Sharps Technology, the DeFi Development Corp. and Upexi. 

Magazine: Meet the Ethereum and Polkadot co-founder who wasn’t in Time Magazine



Source link

0 comments
0 FacebookTwitterPinterestEmail
Changpeng Zhao discloses BNB treasury plans amid Binance comeback talks
NFT Gaming

Changpeng Zhao discloses BNB treasury plans amid Binance comeback talks

by admin



Changpeng Zhao has revealed bold treasury plans to grow the BNB ecosystem as speculation of his return to Binance comeback gains momentum.

Summary

  • BNB treasury plans gain traction as CZ outlines support for growing institutional interest.
  • Speculation grows over CZ’s return to Binance after he changed his X profile back to “@binance” amid reports the DOJ may lift compliance restrictions.
  • BNB price hits all-time high of $962, with analysts predicting a surge past $1,000 amid renewed investor interest.

Binance founder Changpeng Zhao (CZ) has revealed ambitious plans to reshape the BNB ecosystem through the upcoming BNB Treasury Company. The disclosure came during a recent interview with Leon Lu, founder of B Strategy, where the former Binance CEO talked about the future of BNB, its ecosystem, and strategic plans aimed at driving long-term growth.

Describing BNB (BNB) as a “true utility coin,” CZ emphasized its unique position in the crypto space. “Very few coins have these types of benefits,” he said, referencing BNB’s multi-chain compatibility and its use across trading discounts, yield generation, launch pools, launchpads, and the Binance Alpha ecosystem. 

According to CZ, BNB’s importance spans both centralized and decentralized platforms, with active use in cross-border payments and dApps worldwide. He also spotlighted strong network effects and untapped potential in regions such as Southeast Asia, Europe, the Middle East, and Africa. He stated that this “undeveloped potential” is a competitive advantage, suggesting that the BNB ecosystem still has substantial room to grow.

The discussion builds on B Strategy’s plan to launch a U.S.-listed treasury company focused on BNB, targeting a $1 billion raise with backing from YZi Labs. CZ highlighted growing institutional demand for the asset, noting that support will be offered only to strong, well-positioned projects.

“We’ve been approached by probably more than 50 companies for BNB specifically,” stated the founder, adding that, “While we cannot not support anybody who wants to buy BNB…we will only do that to a very small number of DAT companies. Basically, the very top, strong ones.”

Alongside these BNB treasury revelations, speculation about CZ’s return to Binance has also taken center stage. 

Is CZ coming back to Binance?

The rumors were sparked when CZ quietly changed his X bio on Sept 17, from “ex-@binance” back to simply “@binance.” The subtle change comes nearly two years after CZ stepped down as CEO following a $4.3 billion settlement with the U.S. Department of Justice in Nov 2023.

At the time, he pleaded guilty to violating U.S. anti-money laundering laws and was fined $50 million. The terms of the settlement also barred him from managing or operating Binance, with Richard Teng stepping in as the new CEO.

Now, reports allege that the DOJ is close to lifting the compliance oversight placed on Binance, a move that would remove one of the final legal barriers potentially preventing CZ’s return. However, CZ has previously denied any intentions to return as CEO again, saying he has no wish to return to the company even if allowed.

Still, the timing and subtle hints have sparked fresh speculation. Meanwhile, BNB price itself has been in an uptrend, recently soaring to a new all-time high of $962, defying broader market consolidation. 

BNB treasury buzz fuel rally, price eyes $1,000 milestone

Per crypto.news data, the Binance Coin price is up 2.7% on the 24-hour chart, trading around $956 at press time. It has also increased by 8.2% and 13.7% on the week and month respectively, signaling high bullish activity partly fueled by the ongoing treasury buzz.

The altcoin has been enjoying a massive interest from institutional investors. Alongside the upcoming BNB Treasury Company, several other firms like Nano Labs have unveiled Windtree Therapeutics their various long-term bet on the asset, adding weight to the bullish momentum.

Meanwhile, the Binance Coin price has entered a bullish continuation, forming a clear uptrend with consistent volume increases. The MACD remains strongly bullish, with the MACD line above the signal line and widening, suggesting ongoing upward momentum. The RSI is at 70.82, which is entering overbought territory, signaling a possible short-term pullback or consolidation.

BNB Price chart | Source: crypto.news

Should the treasury plans continue, BNB may be positioned for further gains. Immediate resistance lies at $980, and a breakout above this could open the door to retesting the $1,000 psychological level. Strong support can be seen around $920, with deeper support near $880 if a correction occurs.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Base
GameFi Guides

Base Network Token Exploration Unveiled By Coinbase CEO, Future Plans Disclosed

by admin


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

In a recent announcement on X (formerly Twitter), Brian Armstrong, the CEO of US-based cryptocurrency exchange Coinbase, revealed that the company is actively considering a token launch for Base, its Ethereum (ETH) layer-2 (L2) network. 

Coinbase’s Base Network Takes Steps Toward Token Launch 

Armstrong articulated that the potential introduction of a network token could serve as a “powerful tool” to accelerate decentralization and foster growth among creators and developers within the ecosystem. 

Following the firm’s BaseCamp 2025 event in Vermont, the executive emphasized the importance of building in the open, stating that the exploration of this token aligns with their commitment to transparency and community engagement.

Accompanying Armstrong’s announcement, the Base network published a blog post confirming its intention to explore a network token. The post highlighted that this exploration is in its early stages and does not come with definitive plans at this moment

In addition to the token exploration, the blog post also unveiled an open-source bridge designed to enhance interoperability between Base and the Solana (SOL) blockchain as part of a broader initiative to facilitate seamless interactions across different chains. 

No Definitive Plans Yet

When Base originally launched, its focus was clear: to establish a developer-friendly ecosystem capable of executing secure transactions at low costs. The introduction of a network token was not deemed necessary to meet these goals. 

However, with the successful achievement of sub-second and sub-cent transactions, as well as nearly one million active users according to Token Terminal data, the team aims to establish a more open and accessible on-chain economy.

Base’s active users. Source: Token Terminal

The network’s blog post noted that exploring this possibility is one avenue toward realizing their vision of a global on-chain economy, which could enhance decentralization and create more opportunities for builders and creators.

While the exploration is in its nascent stages, the firm made it clear that there are no specific timelines, designs, or governance structures in place yet.

In addition, the blog post reiterated three key commitments to the community: a continued dedication to the Ethereum blockchain, adherence to regulatory guidelines as a US-based company, and a focus on building transparently: 

If and when we move forward with a token, it will be grounded in principles, values, and in alignment with our long-term mission: to build a global economy that increases innovation, creativity, and freedom.

In conclusion, Armstrong specified that this is not a definitive plan but rather an update to their philosophy as they consider the future of the network. 

The daily chart shows COIN’s consolidation following its recently achieved all-time high. Source: COIN on TradingView.com

When writing, Coinbase’s stock, which trades on the Nasdaq, has reached a valuation of $324. It is still in consolidation mode after dropping from its record high of $444 in July of this year. 

Featured image from CCN.com, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Close