Author: Fernanda T

AI surpasses Bitcoin mining in energy consumption Recent research reveals that the energy consumed by artificial intelligence (AI) systems may be surpassing that used in Bitcoin mining. With the growing adoption of generative AI, it’s estimated that AI will consume 169 TWh in 2024 and 240 TWh by 2027, compared to 160 TWh for Bitcoin…

U.S. stock index futures are little changed in pre-market trading on Wednesday after a strong recovery in stocks on Tuesday. The indices surpassed the levels seen on August 2, prior to the global sell-off on August 5. The rapid recovery has prompted caution among analysts, and today’s CPI report could influence the market, while concerns…

Marathon Digital labels mined Bitcoin as “Made in USA” Marathon Digital Holdings (NASDAQ:MARA) will begin marking all U.S.-mined Bitcoin blocks with the “Made in USA” label. Fred Thiel, the company’s CEO, emphasized that this initiative reflects Marathon’s commitment to local production. The move follows comments from former President Donald Trump, advocating for Bitcoin to be…

U.S. index futures advanced in pre-market trading on Tuesday, signaling a recovery after a volatile week. Investors are eagerly awaiting inflation reports, which could provide clarity following recent market fluctuations. The Producer Price Index (PPI) will be released today, with the Consumer Price Index (CPI) scheduled for Wednesday. At 4:47 AM ET, Dow Jones futures…

Rumble Inc (NASDAQ:RUM) – Rumble, a video and digital content platform, reported a 27% sequential revenue growth, reaching $22.5 million in the second quarter of 2024. Monthly active users increased to 53 million, with ARPU rising 19% to $0.37. The company set new audience records, launched products, and expanded to Xbox, maintaining a strong cash…

Lido expands connection with BNB Chain On August 9, Lido DAO (COIN:LDOUSD) approved the integration of Axelar and Wormhole to connect Lido Staked ETH (stETH) to the BNB Chain. This bridge will enable $23 billion in total value locked to interact with the BNB Chain. It marks Lido’s first connection with a layer-1 blockchain outside…

U.S. index futures are mostly unchanged in pre-market trading on Monday, as investors anticipate crucial inflation data. After a partial recovery from last week’s sharp drop, the market remains cautious. Analysts suggest that volatility may persist, but strong economic data could ease concerns and drive a recovery. At 4:57 AM ET, Dow Jones futures (DOWI:DJI)…