Ripple Labs is set to commit an additional $5 million to help fund academic research and foster blockchain talent in the Asia-Pacific region.
In a blog post on Tuesday, Ripple Labs said it will be committing the additional funding via its University Blockchain Research Initiative (UBRI), which will fund universities across six countries, with new grants being allocated to universities in Taiwan and Australia.
United States-based Bitcoin mining company TeraWulf nearly doubled its third-quarter revenue this year thanks to price growth in Bitcoin, as well as an expansion in mining capacity and new income from its AI business. Revenue for the third quarter increased 87% year-over-year to $50.6 million, with “digital asset revenue” making up $43.4 million, according to TeraWulf’s Q3 earnings report on Monday. In Q1, the company had reported a net loss, and in Q2, the miner’s revenue increased 34% year-over-year to $47.6 million. “These increases were… Source link
