Marathon Digital will use landfill methane to mine Bitcoin in Utah pilot project

[ad_1] Marathon Digital has begun mining Bitcoin (BTC) using power generated from methane gas siphoned off a landfill. The 280-kW off-grid pilot project is operating in Utah.Marathon teamed up with Nodal Power on the project. Nodal Power was launched in November 2022 and produces energy from landfill gas in the southeastern United States and Texas. It raised $13 million in a seed round in August to operate two sites, one

NIST establishes AI Safety Institute Consortium in response to Biden executive order

[ad_1] The United States National Institute of Standards and Technology (NIST) and the Department of Commerce are soliciting members for the newly-established Artificial Intelligence (AI) Safety Institute Consortium. Participate in a new consortium for evaluating artificial intelligence (AI) systems to improve the emerging technology’s safety and trustworthiness. Here’s how:— National Institute of Standards and Technology (@NIST) November 2, 2023 In a document published to the Federal Registry on Nov.

Bitcoin price cools off, but ‘You can never have too much Bitcoin, says Saylor

[ad_1] This week Bitcoin (BTC) price came within a hair of the $36,000 mark, before abruptly reversing course and correcting to $34,250. After a near 30% run over the past month, it is natural for the price to cool off as some traders take profit and market participants evaluate whether or not the catalysts for the rally remain valid. Despite the intra-day price action, which saw a 4.67% drawdown, a number

XRP, TON win approval in Dubai International Financial Centre free trade zone

[ad_1] The Dubai Financial Services Authority (DFSA) recognized two more tokens on Nov. 2, adding XRP (XRP) and Toncoin (TON) to its list of recognized tokens. They join Bitcoin (BTC), Ether (ETH) and Litecoin (LTC) as coins recognized in the Dubai International Financial Centre (DIFC). The tokens’ new status will allow financial institutions in the DIFC to carry out transactions with them. There are over 4,000 companies located in the special

Aragon Association to dissolve, will disburse $155M in assets to token holders

[ad_1] The governing body for the aragonOS software will dissolve, distributing most of its assets to token holders in the process, according to a Nov. 2 blog post. The body, called the Aragon Association (AA), will distribute 86,343 Ether (ETH), approximately $155 million at the current price, from its treasury to token holders as it unwinds.We have an important update for all stakeholders of the @AragonProject. We passed a resolution

Law professor says blockchain tech could ‘revolutionize’ copyright offices

[ad_1] A professor from the Texas A&M University School of Law recently published research exploring blockchain technology use cases in the world of copyright administration. According to their findings, blockchain has the potential to radically alter the way intellectual property is handled both “domestically and internationally.” Dr. Peter Yu, the Regents Professor of Law and Communication and Director of the Texas A&M University School of Law’s Center for Law and Intellectual

Jury directions begin in Sam Bankman-Fried criminal trial

[ad_1] Closing arguments for the criminal trial of Sam Bankman Fried (SBF), the disgraced founder of crypto exchange FTX, have officially concluded with U.S. Southern District of New York Judge Lewis Kaplan moving to jury instructions.As per the indictment from last December, Bankman-Fried faces a total of seven charges, including two counts of wire fraud conspiracy, two counts of wire fraud, one count of conspiracy to commit commodities fraud, one

FCA releases guidance for compliance with new UK crypto asset promotion rules

[ad_1] Rules for crypto asset promotion that came into force in the United Kingdom on Oct. 8 have led to some confusion, judging from the low level of compliance. The Financial Conduct Authority (FCA) responded with additional guidance for crypto firms to help them fall into line.The FCA released “finalized non-handbook guidance” to compliance with the rules for crypto firms on Nov. 2. It also provided the regulatory agency’s response

Prosecution makes closing argument against SBF

[ad_1] The government presented its rebuttal against Sam Bankman-Fried on Nov. 2 in response to statements made by his defense during the closing arguments a day earlier.A jury of 12 will receive final instructions in the Southern District Court of Manhattan on Nov. 2, with a verdict expected by 8:00 pm local time. The jury will receive pizza and transportation if their verdict comes after court hours, according to District

BTC price dips 3.5% as ‘overheated’ Bitcoin derivatives spark angst

[ad_1] Bitcoin (BTC) broke below $35,000 after the Nov. 2 Wall Street open as analysis warned of “overheated” derivatives.BTC/USD 1-hour chart. Source: TradingViewBitcoin undoes post-Fed gainsData from Cointelegraph Markets Pro and TradingView tracked a retreating BTC price as it erased ground it reclaimed overnight.The largest cryptocurrency had hit new 18-month highs of $35,968 on Bitstamp before consolidating — a process which was gathering momentum at the time of writing.The highs