Skip to main content

US hyperscalers to guzzle 22% more grid juice by end of 2025

2 months ago
AI hype fuels bit barn boom – and utilities are sweating the surge

Hyperscale datacenters stateside will consume 22 percent more grid power by the end of 2025 than a year ago, and are forecast to need nearly three times as much electricity by the end of the decade.…

Dan Robinson

Paxos Mistakenly Issues $300 Trillion of PayPal Stablecoin, Exceeding Global Currency Supply

2 months ago
Paxos mistakenly minted $300 trillion of PayPal's PYUSD stablecoin on Wednesday during an internal transfer. Within minutes, the company identified the error and burned the excess tokens. The transaction appeared on Etherscan, then was quietly reversed before any funds moved or users were harmed. Paxos said there was no security breach and customer funds were safe. The amount exceeded all US dollars in circulation and surpassed the entire cryptocurrency market combined. Stablecoin issuers possess the power to create or delete billions in synthetic dollars instantly -- a capability that distinguishes them from Bitcoin transfers, which are irreversible. Tether mistakenly minted and burned $5 billion in USDT in 2019.

Read more of this story at Slashdot.

msmash