Bitcoin dropped below $100K for the first time since June on Tuesday; ETH also fell as much as 15% on Tuesday, and many altcoins are down 50%+ this year (Bloomberg)

Bloomberg: Bitcoin dropped below $100K for the first time since June on Tuesday; ETH also fell as much as 15% on Tuesday, and many altcoins are down 50%+ this year  —  Bitcoin has wiped out its summer rally, giving back gains made during Wall Street’s euphoric embrace and a surge […]

Sources: China offers to cut data center power bills by up to 50% to Alibaba and others, if they use local chips like Huawei’s over foreign ones like Nvidia’s (Financial Times)

Financial Times: Sources: China offers to cut data center power bills by up to 50% to Alibaba and others, if they use local chips like Huawei’s over foreign ones like Nvidia’s  —  Beijing introduces grants that slash power bills by up to half for some of the country’s largest data […]