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N3XT Launches Blockchain-Powered Bank
PYMNTS.com· 2025-12-04 23:07
Core Insights - N3XT has launched as a fully blockchain-powered bank enabling instant, programmable B2B payments in U.S. dollars at any time [1] - The bank operates globally under a Wyoming Special Purpose Depository Institution charter, functioning as a full-reserve bank with deposits backed one-to-one by cash or short-term U.S. Treasuries [2] - N3XT's platform allows businesses to control and execute payments reliably in a 24/7 global economy, utilizing smart contracts and a private blockchain [3] Company Overview - N3XT is designed for interoperability with stablecoins, utility tokens, and other digital assets, reflecting a shift towards an internet-native financial system [4] - The founders of N3XT, Scott Shay and Jeff Wallis, previously built Signature Bank, which was known for supporting the U.S. crypto industry in a regulated manner [6] Investor Support - Paradigm, an investor in N3XT, emphasizes the bank's role in establishing a new standard for global dollar movement [4] - Hack VC, another backer, highlights the straightforward approach of N3XT in holding cash and T-bills while ensuring fast and transparent settlements [5]
DMG Blockchain Solutions Announces AI Strategy Update and November Preliminary Operational Results
Globenewswire· 2025-12-04 21:18
Core Insights - DMG Blockchain Solutions Inc. is transitioning its Christina Lake data center from Bitcoin mining to a dedicated AI data center, aiming to build a 50-megawatt liquid-cooled facility to support advanced GPU hardware [1] - The company is focusing on partnerships to maximize the monetization of its Christina Lake asset, given the limited availability of renewable energy sites in Canada [1] - DMG has withdrawn its previous Bitcoin mining hashrate target of 3 EH/s, redirecting efforts towards the AI conversion of its facilities [3] Financial and Operational Updates - In November 2025, DMG's Bitcoin mining hashrate increased to 1.81 EH/s from 1.75 EH/s in October, with the company holding 380 Bitcoin at the end of November, up from 359 Bitcoin in October [5][8] - The company mined 22 Bitcoin in November, slightly down from 23 Bitcoin in October [8] Strategic Partnerships and Community Engagement - DMG is committed to forming partnerships with Indigenous communities and is working with the Canadian government to develop a pan-Canadian approach for sovereign AI [4] - The CEO emphasized the importance of maximizing shareholder returns through the dedicated AI data center while maintaining a foundational role for Bitcoin mining in the company's overall strategy [4] Asset Acquisition - DMG is in the process of closing a transaction for a 27,600 square foot building on 8 acres of leased land in Boardman, Oregon, with an option for an additional 10 acres [2]
X @CoinDesk
CoinDesk· 2025-12-04 21:00
🖇️ To onboard billions, the lines are blurring: we need trusted authorities, not just 'crypto KOLs,' focused on everyday use.@RegenRene breaks down the path to mass adoption at @Binance Blockchain Week presented by @Celo. https://t.co/zIM4TUlCQr ...
X @CZ 🔶 BNB
CZ 🔶 BNB· 2025-12-04 20:56
More yields on #BNBBuildVenus Protocol (@VenusProtocol):We’re building Venus X with @0xfluid 🌊Proud to bring the latest in lending innovation to @BNBCHAIN — announced at #BinanceBlockchainWeek https://t.co/qxWb6V2TWu ...
X @ZKsync
ZKsync (∎, ∆)· 2025-12-04 20:29
Skip the cold start.Launching a new chain usually means starting with zero liquidity. That ends today.With ZKsync Interop enabled by our Atlas upgade, all ZK Chains can interact natively with @Ethereum DeFi.This means Enterprises leveraging Prividiums to tap into Ethereum liquidity for the first time, while maintaining their own private environment. ...
X @BSCN
BSCN· 2025-12-04 19:20
RT BSCN (@BSCNews)🔥 $KAS TOKEN DEEPDIVE: Everything you need to know to understand the native coin powering the entire @kaspaunchained layer-1 blockchain... https://t.co/OjcLP8Ma3P ...
X @THE HUNTER ✴️
GEM HUNTER 💎· 2025-12-04 18:57
RT THE HUNTER ✴️ (@TrueGemHunter)My cookie stats about @beyond__tech .I am NUMBER 1 in mindshare, very happy to be there 💚🧡🔸Beyond Protocol makes it easy to move Bitcoin to other crypto across different blockchains, keeping transfers simple and smooth. https://t.co/8Z4AwidsWu ...
X @Solana
Solana· 2025-12-04 18:47
RT Securitize (@Securitize)Breakpoint is coming to Abu Dhabi December 11 - 13.Don’t miss @grahamfergs keynote: Tokenization on SolanaIt’s time to Tokenize the World. https://t.co/gAxr6jD170 ...
X @Binance
Binance· 2025-12-04 18:27
Day 2 of #BinanceBlockchainWeek just hit different!We laughed, we debated, we built the future together. Thank you to every speaker, partner, and builder who made this unforgettable.That’s an official wrap, but the energy doesn’t stop here… see you at the next one 💛 https://t.co/ZYjBV98URF ...
X @BNB Chain | BNB Hack Dec 5-6 🇦🇪
BNB Chain· 2025-12-04 18:16
The building is only just beginning...Cindy (@cydeologie):The main conference may be over but #BinanceBlockchainWeek continues with #BNBHack (and F1) in Abu Dhabi this weekend. Get ready to lock in 👩‍💻 https://t.co/PTJNgEvDZ6 ...