Tether Invests in Bitcoin Miner; New Ethereum Token Launched; Mt. Gox Repayment Delayed Until 2024
Summary:
Tether's parent company has invested in Bitcoin miner Northern Data, supporting artificial intelligence projects. An Ethereum developer used ChatGPT to create its own ERC-20 token, AstroPepeX, based on high-performing Uniswap tokens. The repayment deadline of Mt. Gox has been extended by a year to October, 2024.
The company that owns Tether has purchased a portion of Bitcoin mining organization Northern Data, and a developer for Ethereum utilized ChatGPT to initiate its own ERC-20 token, AstroPepeX, inspired by the highest trading tokens on Uniswap. In related news, the repayment deadline for Mt. Gox has been delayed by a year until October 31, 2024.
Tether's parent company has invested an undisclosed figure into Northern Data Group, a Germany-based crypto miner, in a step that supports Artificial Intelligence (AI) projects. The company debunked a Forbes claim of a $420-million investment, however, it abstained from providing an exact amount upon inquiry by Cointelegraph. Tether, whose USDT is the biggest stablecoin by market capitalization has stated that this investment has no relation to its reserves and will not affect customer funds. According to Northern Data Group, the investment is used for acquiring equipment typically associated with AI.
Concurrently, ChatGPT has been used by an Ethereum developer to initiate its own ERC-20 token, AstroPepeX, inspired by data from the most traded tokens on Uniswap. The developer was able to integrate smart contracts into the Ethereum network through ChatGPT after using data from the top 10,000 traded tokens on Uniswap.
Meanwhile, the deadline for Mt. Gox to repay its creditors has been extended by a year from October 31, 2023, to October 31, 2024. Mt. Gox was one of the earliest cryptocurrency exchanges, facilitating more than 70% of all trades within the block-chain. However, after a serious hack in 2011 and insolvency issues in 2014, the exchange collapsed, affecting 24,000 creditors and resulting in the loss of 850,000 BTC.
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Published At
9/21/2023 9:09:00 PM
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