DeepSeek, explained: What it is and how it works
    31 Jan 2025
    83 Views

    What is DeepSeek? DeepSeek is an AI model (a chatbot) that functions similarly to ChatGPT, enabling users to perform tasks like coding, reasoning and mathematical problem-solving. It is powered by the R1 model, which boasts 670 billion parameters, making it the largest open-source large language model as of Jan. 28, 2025.  DeepSeek developed two models: v3 and…

    Tether’s stablecoin to be integrated into Bitcoin Lightning
    31 Jan 2025
    66 Views

    Tether said it’s bringing its namesake stablecoin to Bitcoin through the layer 2 scaling service, the Lightning Network. Tether CEO Paolo Ardoino and Lightning Labs CEO Elizabeth Stark announced the partnership on stage at the Bitcoin-focused Plan B conference in San Salvador, El Salvador, on Jan. 30. Tether said in a blog post that Lightning Labs — the…

    Grayscale launches Bitcoin Miners ETF to offer BTC mining exposure
    31 Jan 2025
    86 Views

    Major cryptocurrency asset manager Grayscale continued expanding its crypto investment offerings, launching a new exchange-traded fund (ETF) offering exposure to Bitcoin mining. Grayscale is debuting Grayscale Bitcoin Miners ETF (MNRS), an investment product offering exposure to Bitcoin miners and the BTC mining ecosystem, the company announced on Jan. 30. The fund invests specifically in companies from…

    Crypto mobile wallets hit 36M record high amid growing retail adoption
    30 Jan 2025
    68 Views

    Mobile cryptocurrency users have reached a new all-time high, as Increasingly more passive cryptocurrency holders are turning into active users, showcasing growing mainstream adoption. Mobile cryptocurrency wallets reached a new all-time high of over 36 million in the fourth quarter of 2024, according to Coinbase’s quarterly crypto market report, published on Jan. 29. “Mobile wallets can play…

    Digital Currency Group spins out new crypto mining subsidiary
    30 Jan 2025
    71 Views

    Venture capital company Digital Currency Group (DCG) has spun out a new cryptocurrency mining subsidiary, signaling its intent to provide institutional exposure to a diversified pool of mined crypto assets. According to a Jan. 29 announcement on the X social media platform, Fortitude Mining has been established as DCG’s standalone mining business. Previously, the mining…

    Hong Kong SFC grants first crypto licenses of 2025
    30 Jan 2025
    79 Views

    The Securities and Futures Commission (SFC) of Hong Kong issued the first set of operational licenses of 2025 to two crypto trading platforms. The regulator has issued seven crypto licenses in total since it started a licensing drive in mid-2024. On Jan. 27, the SFC awarded operational licenses to two Hong Kong-based crypto exchanges — PantherTrade…