Crypto Monthly Wrap: Non-Profit's Entry into AI Services, Bitcoin's Ongoing Legacy, and More

Crypto Monthly Wrap: Non-Profit's Entry into AI Services, Bitcoin's Ongoing Legacy, and More

By: Isha Das

  1. Stellar Co-founder-Linked Non-Profit to Lease AI Computing Capacity on Cloud: Voltage Park, associated with Stellar co-founder Jed McCaleb's non-profit, invests $500 million acquiring 24,000 Nvidia H100 chips aimed to be leased to companies requiring AI services.
  2. Celebrating 15 Years of Bitcoin's White Paper: Bitcoin marks its 15th anniversary of its white paper release, highlighting its growth from enabling peer-to-peer transactions to capturing global financial institutions' attention.
  3. Crypto News Roundup: Terraform Labs Fights Lawsuit, Bitcoin ETF Debates, and Miner Concerns: Terraform Labs challenges federal securities regulator's lawsuit, while debates on the likelihood of Bitcoin ETFs approval continue.
  4. Unibot Contract Breach Results in Over $560K Loss: Contract approval exploit on Unibot resulted in the loss of nearly $560K. The platform commits to compensating affected users.
  5. FTX's Sam Bankman-Fried Faces Intense Scrutiny in Fraud Trial: FTX's CEO, Sam Bankman-Fried, undergoes an intense cross-examination in the ongoing crypto fraud case.
  6. Billionaire Investor Druckenmiller praises Bitcoin as a Brand: Stanley Druckenmiller recognizes Bitcoin's appeal and growth into a viable investment vehicle.
  7. US Court Dismisses Most Claims in Artists' Copyright Infringement Case Against AI Firms: A US judge dismisses majority of the accusations in a copyright infringement lawsuit against AI firms.
  8. Tether Reports Record High Cash Equivalents and Decrease in Loans in Q3 Attestation: Stablecoin issuer Tether reveals highest-ever C&Ceq, $330 million reduction in loans, and substantial investment in research fields.

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