Skip to main content

Author: Friend Ethan

North Korean hackers broke into US tech company to steal cryptocurrencies

A North Korean government-backed hacker group has allegedly breached an American IT management company, exploiting it as a launching pad to attack an undisclosed number of cryptocurrency firms. Photo: Allbreaknews.com A group of hackers backed by the North Korean government has reportedly infiltrated an American IT management company, using it as a stepping stone to target an unknown number of cryptocurrency companies, as reported by Reuters, citing two sources familiar with the matter. These hackers breached JumpCloud, based in Louisville, Colorado, in late June and utilized their...

Continue reading

Mining 1 BTC in Lebanon is 700 times cheaper than in Italy

According to the report, Europe is home to nine of the ten least profitable countries for Bitcoin mining, based on domestic electricity costs. Photo: Allbreaknews.com According to the report, Europe is home to nine of the ten least profitable countries for Bitcoin mining, based on domestic electricity costs. There is a significant global contrast in domestic electricity costs for individual Bitcoin miners. While producing one Bitcoin in Italy costs US$208,560, in Lebanon the same BTC can be mined for 783 times less, according to a recent report. Published on August CoinGecko's report...

Continue reading

How to explain the world of cryptocurrencies to my grandfather

we're going to explain… Photo: Allbreaknews.com Explaining new concepts to older generations can indeed be quite a challenge. Each generation comes with its own set of experiences, references, and ways of understanding the world. They might find new ideas and technologies unfamiliar or hard to grasp. Now, imagine explaining a new form of digital currency that's decentralized and uses blockchain for storing and verifying information. With the rise in popularity of cryptocurrencies, it's becoming more important to introduce basic concepts of this world to older generations, as they...

Continue reading

FUD in the crypto market what to do in case of uncertainty

Learn about what FUD means in the context of cryptocurrencies, how to navigate trading in such an environment, and tips to avoid falling for fake news. Photo: Allbreaknews.com “Fear, Uncertainty, and Doubt,” commonly referred to as FUD, describes a scenario where catastrophic news, rumors, or negative events generate a sense of panic among investors. This expression perfectly captures the feelings investors experience when something potentially unfavorable comes onto their radar. FUD often emerges more frequently in the realm of cryptocurrencies due to the absence of an...

Continue reading

Former Worldcoin employee fire against ChatGPT

He says: “horrendous execution that deserves what comes next”. Photo: Nadir-Hajarabi-Worldcoin Describing himself as a fervent believer in the startup's vision of providing a universal basic income, Hajarabi characterizes the company's efforts as a “horrendous execution deserving of what will come next,” highlighting the murky waters through which the project continues to navigate. The cryptocurrency market is in turmoil due to shocking claims made by Nadir Hajarabi, a supposed former employee of the controversial project Worldcoin. In a YouTube video, the man...

Continue reading

US Air Force takes artificial intelligence off the ground with new drone

The XQ-58A Valkyrie experimental aircraft marks a revolution in the use of artificial intelligence in aerial combat, bringing new dynamics and dilemmas to the military industry Photo:  XQ-58A Valkyrie: US Air Force experimental aircraft (XQ-58A Valkyrie/Reproduction) The XQ-58A Valkyrie, an experimental aircraft developed by the United States Air Force, is making waves in the skies by taking military operations' artificial intelligence (AI) to new heights. With the ability to cross Brazil without refueling, this unmanned aircraft is seen as an extension of traditional fighter jets,...

Continue reading

Saudi Arabia anticipates and reserves 3.000 H100 chips from Nvidia to create its own ChatGP

The Prince spent U$ 120 Milions to make your own AI Photo = Mohammad bin Salman: Crown Prince of Saudi Arabia Saudi Arabia and the United Arab Emirates (UAE) have significantly ramped up their purchases of high-performance chips from Nvidia, crucial for the development of artificial intelligence (AI) software. This action comes amidst fierce global demand for these components. In their latest move, the King Abdullah University of Science and Technology (KAUST), a Saudi Arabian public research institution, has acquired at least 3,000 Nvidia H100 chips, each valued at $40,000. The H100...

Continue reading

Nvidia earns 1000% profit on every H100 GPU for AI

It doesn't matter if the gamer card niche is no longer as lucrative, the AI card niche is booming. Jensen Huang – CEO NvidiaPhoto: David Paul Morris | Bloomberg | Getty Images According to a report from Senior Writer Tae Kim from Barron’s, Nvidia is currently making up to a staggering 1000% profit on the sale of every H100 Hopper graphics card accelerator. These profit margins, when converted to dollars, are up to $30,000 for the sale of each High-Performance Computing accelerator. Despite the selling price, it only costs around $3,320 for Nvidia, including the cost per chip and...

Continue reading