Revolutionizing investment in AI startups, InQubeta’s inventive use of QUBE tokens has recently captured attention and demand for its native token. Meanwhile, Tether’s foray into sustainable Bitcoin mining in Uruguay marks a significant step in cryptocurrency’s environmental and financial development.
InQubeta Experiences Huge Demand For QUBE
InQubeta has gained significant attention due to its inventive approach to funding AI startups. The platform enables fractional investment in AI startups through the use of QUBE tokens.
These tokens are deflationary and built on the Ethereum blockchain. By minting investment opportunities into NFTs (non-fungible tokens) and fractionally representing them, InQubeta creates a democratized investment ecosystem accessible to a broader range of investors.
InQubeta’s NFT marketplace facilitates fundraising for AI startups by offering reward and equity-based NFTs. These can be purchased using QUBE tokens, which also offer staking rewards. The governance aspect of QUBE empowers token holders to participate in platform decisions, creating a more democratic and community-driven ecosystem.
Tether Has Plans for BTC Mining
In a year marked by setbacks and significant losses for Bitcoin miners, Tether is stepping forward to bridge the gap. The issuer of the stablecoin Tether has recently revealed its intention to invest in sustainable Bitcoin mining operations situated in Uruguay. This plan includes a partnership with a licensed company in the region.
Uruguay might appear as an unconventional choice initially, especially given its minimal share of the global Bitcoin network’s computing power compared to major players like the U.S. and Kazakhstan. However, Tether is drawn to Uruguay’s unique advantage in producing over 98% of its electricity from renewable sources, primarily wind and hydropower.
This eco-friendly energy setup aligns well with Tether’s vision for a greener approach to Bitcoin mining, particularly as the cryptocurrency becomes scarcer due to the approaching halving event within the next year.
Paolo Ardoino, the Chief Technology Officer of Tether, emphasized the company’s commitment to renewable energy. He stated that their Bitcoin mining operations would focus on maintaining a minimal ecological footprint while upholding the security and integrity of the Bitcoin network.
Tether also aims to strengthen its mining ambitions by enlisting energy experts and launching a recruitment portal to attract talent. The move comes at a time when the crypto sector is facing job losses. The specifics of Tether’s investment and its local partner’s identity remain undisclosed.
This strategic step by Tether arrives alongside the company’s increasing alignment with Bitcoin. Tether recently announced a plan to allocate up to 15% of its monthly net realized operating profits to amass a Bitcoin reserve. This decision is aimed at diversifying the company’s reserves and ensuring they are not held by third-party custodians.
Despite Tether’s ambitions, concerns linger about the transparency of its reserves. These concerns have been raised by figures like John Reed, a former Securities and Exchange Commission enforcement attorney. Reed has likened Tether to a “mammoth house of cards,” citing the company’s opaque financial statements and the absence of a robust regulatory framework.
In conclusion, Tether’s move into sustainable Bitcoin mining and InQubeta’s revolutionary approach to AI startup funding are indicative of the continuous evolution and innovation within the cryptocurrency and blockchain space.