PayPal to use PYUSD stablecoin to fund AI infrastructure through USD.AI
The move links PayPal’s dollar-pegged token to onchain funding for GPUs and data centers, supported by a $1…
Browsing Tag
financing
9 posts
QumulusAI Secures $500M Blockchain-Backed Facility to Scale AI Compute Infrastructure
QumulusAI, a company building GPU-powered cloud infrastructure for artificial intelligence, has locked in a $500 million credit facility…
Blockstream Raises $210M in Convertible Note Financing Round
The money raised will be used to advance adoption and development of Blockstream’s layer 2 technologies, to grow…
Court Approves BTC Loan for Bankrupt Bitcoin Mining Firm
Rhodium Encore LLC, a bankrupt bitcoin mining company, has received court approval for a unique debtor-in-possession financing plan…
Circle denies claims of illicit financing and ties to Justin Sun
According to an open letter published on Circle’s blog, the company has not provided services to Justin Sun…
Brazil Sees BRICS Bank as Alternative Financial Institution, President Lula Says
The government of Brazil views the development bank established by the BRICS bloc as an alternative to traditional…
Digital Assets for 1 Billion Rubles Issued in Russia in a Month
Platforms authorized by the Russian government issued digital assets worth around a billion rubles in April, the local…
BMW Partners With Coinweb to Develop Blockchain-Based Vehicle Financing Automation and Loyalty Program in Thailand
BMW, the luxury car manufacturer, has partnered with Coinweb, a decentralized blockchain layer 2-based company, to introduce blockchain-based…
Stock price for troubled Bitcoin miner Core Scientific surges 200%
After a flurry of bad news throughout 2022, the miner has been offered a lifeline which could enable…