Crypto News
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Swift’s global payments network confronts a blockchain challenge
Blockchain payment infrastructure is challenging Swift’s established role, while bankers argue its 11,500-institution network can absorb the technology. Crypto executives instead see blockchain as a potential replacement for Swift.
CoinDesk
Meta Tests Robots as AI Infrastructure Expansion Raises Automation Concerns
Meta is testing robots in its data centers while expanding AI infrastructure. The company says it needs more skilled workers, but employees fear automation could reduce or eliminate some existing roles.
Decrypt
U.S. Cities Consider Limits on AI Data Centers Over Water Risks
Austin and other U.S. cities are considering restrictions on AI data centers amid community concerns about their water and electricity demands. A study has also flagged potential water risks linked to the infrastructure.
Decrypt
Bullish commits $100 million in stablecoin liquidity to USD.AI lending facility
Bullish is providing USD.AI with $100 million in stablecoin liquidity for loans backed by AI computing infrastructure, according to Cointelegraph. Terms including duration, rates and collateral valuation were not disclosed.
Cointelegraph
Bullish Commits $100 Million to USD.AI for GPU-Backed AI Lending
Bullish is extending a $100 million debt facility to USD.AI to finance loans backed by GPUs used in artificial intelligence infrastructure, CoinDesk reported. USD.AI’s related crypto asset trades under the ticker CHIP.
CoinDesk
Bitcoin Eyes Major Resistance as Jackson Hole Kicks Off With Unusual Fed Agenda
Bitcoin remains above $80,000 as Jackson Hole opens with a first-in-40-years focus on payments and financial infrastructure, putting crypto-related themes under heightened market scrutiny.
Decrypt
Nvidia Earnings Boost Tech Stocks and Bitcoin
Nvidia shares rose 8% after an earnings beat and strong outlook, lifting technology stocks, AI infrastructure companies and bitcoin, CoinDesk reported. NVDA and BTC were among the assets at the center of the market reaction.
CoinDesk