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Schiff argues Bitcoin’s slide versus gold exposes the ‘digital gold’ narrative as a fraud and will eventually drive investors to sell. Long-term Bitcoin critic Peter Schiff is back again, this time saying the flagship cryptocurrency’s latest dip is worse when priced in gold. He also predicts that BTC could surrender all its 2025 gains if the current trend continues. BTC’s Downturn Is Worse Than It Seems Schiff claimed in a November 18 post on X that Bitcoin has lost 40% of its value when measured against gold. He added that its decline relative to the metal exposes the “digital…
Microsoft, Anthropic, and NVIDIA are setting a bar for cloud infrastructure investment and AI model availability with a new compute alliance. This agreement signals a divergence from single-model dependency toward a diversified, hardware-optimised ecosystem, altering the governance landscape for senior technology leaders.Microsoft CEO Satya Nadella says the relationship is a reciprocal integration where the companies are “increasingly going to be customers of each other”. While Anthropic leverages Azure infrastructure, Microsoft will incorporate Anthropic models across its product stack.Anthropic has committed to purchasing $30 billion of Azure compute capacity. This figure shows the immense computational requirements necessary to train and deploy…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure According to comments from longtime researcher and computer scientist Nick Szabo, Bitcoin and other cryptocurrencies are trust-minimized, not trustless, and that difference matters for how states and private actors can push back. Szabo warned that while the layer one of a strong trust-minimized system can endure many kinds of interference, legal routes remain a meaningful vulnerability. He said financial rules are one set of risks the ecosystem has learned to handle, helped by developers and an expanding legal profession focused on crypto, but that laws tied to…
Chipmakers are increasingly stacking transistor-packed layers on top of each other to cram even more computing power into any given space. However, today’s technologies for spotting buried defects that can ruin these 3-D chips are either inadequate or downright destructive. But, new quantum sensors based on artificial diamonds might help foundries quickly catch these hidden defects during production without damaging chips, possibly saving billions of dollars, a startup says.Defects that arise with regards to the interconnects through which current flows in a microchip, “whether they come from metal not deposited right, or a crack in the silicon, or whatever, will…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto exchange Binance has announced that BlackRock’s tokenized fund, BUIDL, will now be accepted as collateral on the platform. This comes as the tokenized fund expands to the BNB chain, a move welcomed by the exchange’s former CEO, Changpeng Zhao. What The Binance Partnership With BlackRock’s BUIDL Means Binance has partnered with BlackRock’s BUIDL to expand its collateral offerings for institutional off-exchange settlement services, Binance Banking Triparty, and MirrorRSV. The exchange has now added support for BUIDL, which is a tokenized short-term U.S. Treasury fund. The exchange…
Bitcoin miner HIVE Digital Technologies rose after reporting record revenue for its most recent quarter, adding to the sector’s wins from Bitcoin’s mid-year gains.HIVE said on Monday that it had “record revenue” for the quarter ending Sept. 30 of $87.3 million, up 285% from the same time a year ago and nearly doubling quarter-over-quarter.The company reported a net loss of $15.8 million for the quarter, which it attributed to “driven by accelerated two-year depreciation” of Bitcoin (BTC) mining machines used in its expansion efforts in Paraguay.“Despite Bitcoin hashprice being up only about 25% year-over-year, our revenue soared 285% year-over-year due…
VanEck has launched the US’s third exchange-traded fund (ETF) featuring Solana staking, as more altcoin-tied funds are set to enter the market soon.The VanEck Solana ETF (VSOL) launched on Monday, joining similar funds from Bitwise and Grayscale that debuted late in October and have jointly seen over $380 million in inflows.Like Bitwise and Grayscale’s ETFs, VSOL offers staking yields, where Solana (SOL) is locked up on the blockchain to earn rewards. It has also waived its 0.3% fee until Feb. 17 or until it reaches $1 billion in assets in a bid to compete.Asset managers have been flooding the market…
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.The U.S. office market has been in a tailspin since the start of the pandemic, when workers were first ordered home. Some, especially younger workers, never came back — leaving many office buildings half full or empty. The overall vacancy rate for offices, however, fell 20 basis points in the…
Key takeaways:ETH falls to a 4-month low despite recent layer-2 growth cutting base fees and boosting Ethereum’s use in tokenization and stablecoin.ETH may recover as global risks ease and new liquidity enters markets, helping the price move back toward $3,900.Ether (ETH) crashed below $3,000 on Monday, and the drop reflects a sector-wide risk-off shift where traders are worried that the bull run may have ended after a 40% correction from the $4,956 all-time high in August. ETH/USD (blue) vs. altcoin market cap (red). Source: TradingView / CointelegraphEther’s performance has closely tracked the altcoin market, signaling a lack of asset-specific catalysts…
Japan is all set to classify cryptocurrencies as financial products under the Financial Instruments and Exchange Act (FIEA). Further to this, it also plans to introduce a new taxation regime for this sector as part of its crypto reform process. According to an article published by a local media, Japan’s Financial Services Agency (FSA) wants to reclassify 105 cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), under the FIEA, effectively putting crypto under the same umbrella as stocks and bonds. This expansion of the regulatory umbrella onto crypto aims to ensure that the sector falls under investor protection rules and is…
