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Cryptocurrency casino and sports betting platform Stake is set to make a mark in the Formula 1 arena over the next two years, having obtained the naming rights for Sauber’s F1 car. Replacing Alfa Romeo, which ended its sponsorship of Sauber’s C44 after 2023, the firm will fill the two -year gap before Sauber rebrands as Audi’s factory team in 2026, providing an opportunity for interim sponsors. Stake F1 Team, we're taking over the grid Read more: https://t.co/6GBS77fBSE pic.twitter.com/yZT9JHfQYP — Stake.com (@Stake) January 1, 2024 The partnership is not new to Sauber; Stake and its live-streaming arm, Kick.com, first appeared on Sauber’s vehicles in 2023 through initial sponsorship agreements. The team will henceforth be known as Stake F1 Team Kick Sauber and is set to launch its 2024 season at a special event in London in February 2024. Adding a touch of celebrity involvement, Canadian rapper Drake participated in the New Year’s Day a...

Bitcoin miners' BTC reserves are at their lowest since December 2021, data shows, despite a dramatic hash rate renaissance. Bitcoin (BTC) is seeing new records in network activity as volatility sends BTC price action to fresh five-month highs. Data from resources including MiningPoolStats confirms that Bitcoin’s Hash Rate hit new all-time highs on Jan. 26. Hash rate passes 300 EH/s threshold In another example of Bitcoin’s blitz recovery from the pits of post-FTX woes, network hashing power is now bigger than ever. Hash rate, which is an expression of the processing power dedicated to the network by miners, is currently at 321 exahashes per second (EH/s), according to MiningPoolStats raw data. Bitcoin hash rate raw data chart (screenshot). Source: MiningPoolStats Despite being only an estimate and not possible to measure entirely accurately, the latest readings are quite the feat, having never crossed the 300 EH/s level before. Mining firm Braiins likewise confirmed the numbers in...