December, 2024

December, 2024

Ethiopia’s Bitcoin mining surge now accounts for 2.5% of global hash rate
Ethiopia is emerging as a significant player in Bitcoin mining, with local operations now accounting for 2.5% of the global hash rate. On Dec. 4, local Bitcoin miner Kal Kassa stated: “Bitcoin miner...

Hut 8 to fund Bitcoin reserve plan via $500 million equity offering
Bitcoin miner Hut 8 has unveiled a $500 million equity offering to bolster its operations and create a Bitcoin (BTC) strategic reserve. The company will sell shares of its common stock over time to fu...

Top Analyst Predicts New Record-High Surge for Ethereum-Based Altcoin, Updates Forecast on NEAR and WIF
An analyst known as a “Master Trader” on the crypto exchange Bybit thinks an altcoin running on the Ethereum (ETH) network is ready to take center stage. Pseudonymous analyst Bluntz tells his 301,...

Donald Trump Considering Chamber of Digital Commerce CEO Perianne Boring for CFTC Chair: Report
President-elect Donald Trump is considering appointing Perianne Boring, chief executive of the Chamber of Digital Commerce, as Chair of the Commodity Futures Trading Commission (CFTC). According to a ...

Briefcase Raises $3 Million for AI Bookkeeping and Accounting Automation Platform
Briefcase has raised $3 million in a seed round to grow its artificial intelligence (AI) bookkeeping and accounting automation platform. The company will use the funding to hire engineers and product ...

nCino Sees Vendor Fatigue as Tailwind for Multi-Solution Growth
In the evolving world of financial services, the growing imperative to modernize infrastructure has created a fertile ground for innovation. That fertile ground has also created a crowded marketplace ...

Fed Beige Book: Slight Economic Growth, Rising Business Optimism
PYMNTS Intelligence, through the last several months, has taken stock of where consumers are spending, and how they contend with inflation. Among their strategies has been a willingness to trade down,...

Congress Eyes Regulating AI as Finance and Healthcare Sectors Struggle With Adoption
European financial firms lag in artificial intelligence (AI) adoption just as U.S. lawmakers move to boost AI oversight in banking and healthcare, with a new House resolution targeting AI in finance, ...

ChatGPT Reaches 300 Million Weekly Active Users
ChatGPT now has 300 million weekly active users, OpenAI said Wednesday (Dec. 4). The company also said in a post on X that 1 billion user messages are sent on the artificial intelligence (AI) chatb...

FTC Orders Guardian Service Industries to Stop Enforcing Alleged No-Hire Agreements
The Federal Trade Commission (FTC) filed a complaint alleging that building services contractor Guardian Service Industries enforces a no-hire agreement and ordering it to stop doing so. In its com...

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