City Amsterdam Financial News

Over 100,000 GPUs from data centers and private clusters are set to plug into a new decentralized physical infrastructure network (DePIN) beta launched by io.net.

Sam Bankman-Fried’s crypto empire, one of the blockchain projects most associated with the now disgraced entrepreneur is emerging from under the cloud his downfall cast over the digital-asset world. Solana’s SOL token has surged about 340% to $41 in 2023, outdoing the 114% rally in market bellwether Bitcoin and becoming the best performing token among the largest cryptocurrencies tracked by Bloomberg. That follows a 94% drop last year as Bankman-Fried’s FTX and Alameda Research — two major backers of the project — collapsed into bankruptcy. The token has doubled over the last 30-days amid the launch of a software solution dubbed Firedancer and the broader rally in the crypto market. Testing of the Firedancer network was announced this week at a Solana-themed Breakpoint conference in Amsterdam that attracted developers, investors and users of the blockchain. Solana is among the blockchains competing with Ethereum, crypto’s key commercial highway, for a bigger share of digital-asset activity. It differentiates itself by offering lower transaction costs and faster processing speeds. VanEck Associates wrote in a recent report that the Firedancer update “promises to exceed Solana’s current capacity by a factor of 10.”

Solana (SOL) experienced a notable 36.6% increase in value between Oct. 30 and Nov. 2. However, SOL’s failure to breach the $44.50 mark resulted in a 10% correction down to $40 on Nov. 6. This movement has left many investors pondering whether the ecosystem growth and network activity support Solana’s present $16.9 billion market capitalization.

Web3 tools powered by layer-1 blockchain Solana are driving tangible returns and delivering deep customer data insights, according to prominent mainstream brands and companies that attended Solana Breakpoint.

Bank of Nova Scotia’s Dan Rees, who runs the domestic retail banking business, is leaving along with investment banking chief James Neate and chief technology officer Shawn Rose.

The now-infamous collapse of FTX sent shockwaves through the broader cryptocurrency space in 2022, but the Solana ecosystem was particularly hard hit in the fallout. 

AMSTERDAM (Reuters) — Airlines without historic rights at Amsterdam's Schiphol airport, including newcomer JetBlue, will not be allocated slots for summer 2024, slot coordinator ACNL said on Thursday.

Etherfuse, a platform focused on improving decentralized blockchain infrastructure, has made a groundbreaking announcement to unveil ‘Stablebond’ at Solana’s breakpoint conference in Amsterdam.

Bitcoin’s consistent gains over the weekend hint that a retest of $35,000 could happen sometime this week. Investors in search of Bitcoin alternatives may want to take a look at Gala, Rollbit Coin, Solana, Bitcoin Minetrix, and Meme Kombat as strong contenders for the best crypto to buy now.

Google introduced Immersive View for routes. Starting this week, Immersive View for routes is gradually becoming available in Amsterdam, Barcelona, Dublin, Florence, Las Vegas, London, Los Angeles, Miami, New York, Paris, San Francisco, San Jose, Seattle, Tokyo, and Venice on both Android and iOS platforms. Immersive View for places, powered by AI blends thousands of Street View and aerial images, allowing users to preview restaurants or landmarks ahead of your visit.

Jaya, a female street dog from Varanasi, is about to embark on a journey to a new country with her new owner from the Netherlands. Meral Bontenbel, a native of Amsterdam, fell in love with Jaya during a visit to Varanasi and decided to bring her home as a pet. Bontenbel shared her experience, saying, «I traveled to Varanasi to explore the city.

Stellantis says it plans to invest about 1.5 billion euros, or about $1.6 billion, in Leapmotor, a Chinese electric vehicle manufacturer

JetBlue says it will expand its transatlantic flying next spring and summer

(Reuters) -Dutch paints and coatings maker Akzo Nobel (OTC:AKZOY) has set out a plan to save costs and improve supply chain efficiency, after forecasting full-year core earnings towards the lower end of its previous forecast due to lower than expected volumes.

Euroclear has launched a digital securities issuance service and settled a 100-million-euro ($106 million) digital World Bank bond. This is the first step in the Brussels-based settlement house’s digital infrastructure strategy, it said.

Humanitarian donations to conflict-ravaged Haiti have dramatically declined since the assassination of its President Jovenel Moïse in 2021

“It’s good at answering Bitcoin- and economics-related questions — at least better than GPT-4,” Aleksandar Svetski told Cointelegraph at a bustling Bitcoin Amsterdam.

Bitcoin core developers have long been at odds over Bitcoin improvement proposals (BIPs) to address the pain points of the protocol, as was apparent in a heated panel discussion during Bitcoin Amsterdam 2023.

Renowned whistleblower Edward Snowden spoke at the 2023 Bitcoin Conference in Amsterdam last week, shedding light on several pressing issues surrounding Bitcoin. 

The Bitcoin (BTC) value proposition continues to be a source of confidence for investors and proponents amid prevailing depressed market conditions in the broader cryptocurrency space.

A Citi employee who bought a sandwich and coffee for his partner while on a business trip has lost his case for unfair dismissal after his expenses claim was challenged.