Trending News
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Robinhood Markets, Inc. has announced the rollout of in-app futures trading, allowing users to trade contracts based on the S&P 500, oil, and Bitcoin. This latest addition to the platform comes as part of a broader effort to attract seasoned traders by providing advanced tools at competitive fees. The company’s mobile app now supports futures…
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Lee Bratcher, President of the Texas Blockchain Council, recently praised Bitkey, a self-custody Bitcoin wallet developed by Block, Inc., which is led by Jack Dorsey. Bratcher highlighted the wallet’s advanced user interface, its seamless NFC integration, and intuitive design, describing it as a significant advancement for Bitcoin users. The Bitkey wallet is designed to enhance…
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BlackRock Inc. recently reported holding a 5.2% stake in MicroStrategy Inc. (MSTR) through its latest SEC Schedule 13G/A filing. The holding reflects a significant investment in the business intelligence firm, notable for its extensive Bitcoin reserves and its alignment with the broader Bitcoin strategy spearheaded by CEO Michael Saylor. BlackRock’s stake highlights the institutional interest…
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Quantum Expeditions has established a 0.5MW facility that operates on natural gas to power 188 Bitcoin mining machines. This includes 44 of the more powerful S21 machines and 144 SK19 Pros. They have a total hashrate of about 25PH/s. The CEO, Doug Hardwick, emphasized the importance of treating the gas before using it to avoid…
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River Financial recently introduced an innovative savings product allowing users to earn 3.8% interest on cash deposits, payable in Bitcoin. This new offering, known as Bitcoin Interest on Cash, aims to combine the stability of traditional savings with the growth potential of Bitcoin. By partnering with FDIC-insured Lead Bank, River guarantees up to $250,000 protection…
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BitFuFu Inc., a leading digital asset mining service and cloud-mining provider, has entered into a definitive agreement to acquire a majority stake in an 80-megawatt (MW) Bitcoin mining facility in Ethiopia. This strategic move marks the company’s transition from an asset-light model to managing a diverse portfolio of Bitcoin mining infrastructure. As of June 30,…
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Prominent figures in the financial and cryptocurrency sectors have made ambitious predictions regarding Bitcoin’s future value, reflecting their perspectives on its potential role in the global economy. Cathie Wood, CEO of Ark Invest, projects Bitcoin reaching $1 million by 2030. Her optimistic outlook is based on anticipated widespread adoption and Bitcoin’s potential to become a…
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Hut 8 Corp., a leading Bitcoin mining company, has announced a significant upgrade to its mining fleet, aiming to enhance operational efficiency and expand mining capacity. The company plans to acquire 31,145 BITMAIN Antminer S21+ ASIC machines, with delivery expected in early Q1 2025. This strategic move is anticipated to increase Hut 8’s self-mining hashrate…
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NVIDIA has surpassed Apple Inc. to become the world’s most valuable company, with a market capitalization exceeding $3.5 trillion. This milestone reflects the growing influence of artificial intelligence (AI) in the technology sector. NVIDIA’s stock has surged over 850% since the end of 2022, driven by high demand for its AI-capable chips. Major tech companies,…
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Canaan U.S. Inc. has announced that it secured an order from CleanSpark for the delivery of 3,800 Avalon A1566i Immersion Cooling Miners. Each of these high-performance miners operates with an average compute power of 249 Terahash per second (TH/s) without overclocking. The delivery is set to take place in the fourth quarter of 2024, highlighting…
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Bitcoin mining is being recognized as a potential solution to one of the biggest challenges in renewable energy: curtailment, where excess power generated from renewable sources like wind and solar goes to waste. Since 2014, California alone has reportedly wasted nearly 12,500 gigawatts of renewable energy, an amount that could power every home in the…
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Building an embedded system for specialized applications like air coolant pods requires a tailored approach that combines hardware assembly and strategic component integration. This guide will walk you through the step-by-step process of constructing a custom embedded system using Rock Pi control boards, an EMMC module for data storage, and an efficient power supply unit…
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In Finland, Hashlabs Mining has pioneered a project using Bitcoin mining to provide heat to homes. The WhatsMiner M63S generates hot water at 70°C, integrated into the district heating system, reducing reliance on traditional fuels. This innovative approach aligns with Finland’s move towards sustainable energy and sets a precedent for balancing mining’s energy consumption with…
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Argentina, the UAE, and Ethiopia have embarked on state-backed Bitcoin mining initiatives, utilizing government resources to bolster their respective economies. According to insights from VanEck, these countries are aligning themselves with others like El Salvador and Bhutan, which have previously engaged in similar ventures. Argentina’s involvement may see the utilization of its state-owned energy sector,…
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CleanSpark Inc. (Nasdaq: CLSK) officially acquired GRIID Infrastructure Inc. (Nasdaq: GRDI) on October 30, 2024, following shareholder approval from GRIID’s stakeholders two days earlier. This $155 million all-stock deal will significantly expand CleanSpark’s infrastructure, contributing over 400 MW of capacity over the coming years. CleanSpark also issued a $5 million loan to GRIID and allocated…
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Uber Technologies has reportedly explored acquiring Expedia, a leading travel booking platform valued at around $20 billion. The discussions, as revealed by the Financial Times, are in preliminary stages with no formal bid yet. Uber’s interest aligns with its long-term strategy to transform into a comprehensive travel and logistics “super app.” CEO Dara Khosrowshahi, who…
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MicroStrategy, the largest corporate holder of Bitcoin, has recently unveiled a grand plan to enhance its Bitcoin reserves by committing an unprecedented $42 billion over the next three years. This initiative, known as the “21/21 Plan,” is designed to equally balance the acquisition of $21 billion in equity and $21 billion in fixed-income securities. This…
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Bernstein Research analysts project that Bitcoin could reach $200,000 by the end of 2025, a figure they consider “conservative” given the cryptocurrency’s anticipated growth trajectory. This target builds on Bitcoin’s increasing institutional adoption, which is significantly fueled by U.S. spot Bitcoin ETFs approved earlier in the year. These ETFs have already attracted over $60 billion…
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Bitcoin Talent Co. is the premier recruiting firm within the Bitcoin ecosystem, specializing in finding mission-aligned talent for companies that seek to advance Bitcoin’s monetary network. Their objective is to support growth in a way that brings freedom and prosperity by partnering with organizations that drive innovation within the ecosystem. The firm boasts a team…
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Astronauts aboard the International Space Station (ISS) are set to vote in the upcoming U.S. elections by casting their ballots from space. This initiative ensures that even those in orbit can exercise their voting rights. The process begins with astronauts completing a Federal Post Card Application before their mission, indicating their intent to vote from…
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The Central Bank of Argentina (BCRA) made history by becoming the first central bank globally to host a live Bitcoin mining exhibit as part of an art display. The exhibition, titled Art, Artificial Intelligence, and the Future of the Economy, features real crypto mining rigs and installations by artist Alberto Echegaray, including the notable “Moneyballs”—spheres…
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The U.S. Department of Justice (DOJ) has successfully seized $5 million worth of Tether (USDT) linked to a crypto investment fraud scheme, with significant assistance from Tether. This seizure is part of a broader effort to combat international crypto scams, commonly referred to as “pig butchering.” These schemes typically involve criminals gaining victims’ trust through…
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VanEck’s head of digital assets research, Matthew Sigel, expressed optimism regarding Bitcoin’s potential in the lead-up to the upcoming U.S. presidential election. During an interview on CNBC’s Squawk Box, Sigel highlighted market trends that suggest an advantageous position for the cryptocurrency. Sigel pointed out that Bitcoin’s current setup may pave the way for significant gains…
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Bitcoin is poised to reach six figures soon, regardless of the U.S. election results, according to market experts. Despite potential political shifts, the cryptocurrency’s long-term value is driven by macroeconomic factors like inflation, interest rates, and increasing institutional adoption. This continued momentum in institutional backing, particularly through Bitcoin ETFs, suggests a bullish future for the…
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JPMorgan Chase has observed a significant shift in market sentiment, with increasing odds of a Donald Trump victory in the 2024 U.S. Presidential Election. According to recent market data, betting odds now place Trump’s re-election chances at 56%, and the probability of a Republican-controlled Senate has surpassed 80%. This uptick in expectations has been reflected…
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Bitcoin’s historical performance reveals an intriguing trend of price increases following U.S. presidential elections, fueling speculation on whether this pattern will hold after the 2024 election. Data from previous election cycles—2012, 2016, and 2020—indicates that Bitcoin’s price tends to dip slightly before the election and surge afterward as market stability returns, a phenomenon that many…
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Bitcoin ETFs nearing a significant milestone as their collective Bitcoin holdings approach the mythical figure associated with Satoshi Nakamoto—estimated at about 1.1 million BTC. With their current total nearing 951,000 BTC, these funds, including prominent players like BlackRock’s iShares and Fidelity’s Wise Origin, show no signs of slowing down their accumulation. The rapid increase in…
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Fidelity’s Wise Origin Bitcoin Fund (FBTC) continues to grow its assets, now holding 184,219 Bitcoin, valued at over $12 billion as of October 2024. Fidelity’s move into the cryptocurrency space with a dedicated Bitcoin exchange-traded product (ETP) demonstrates how traditional finance is bridging the gap to digital assets, offering investors a safer way to access…
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Brave and Microsoft Edge have sparked a humorous social media rivalry, as seen in Brave’s playful response to a recent post from the Microsoft Edge account. The exchange began when Microsoft Edge posted an image, depicting a familiar pop culture character looking surprised, captioned, “When users come back after trying a new browser.” In an…
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The Korea Advanced Institute of Science and Technology (KAIST) has unveiled the WalkOn Suit F1, a groundbreaking exoskeleton designed to integrate seamlessly with wheelchairs. This innovative technology aims to enhance mobility and independence for individuals with lower limb disabilities. By allowing users to stand and walk while remaining in their wheelchairs, the WalkOn Suit F1…
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For the first time in history, a single gold bar has reached the milestone value of $1 million. This occurred when the spot price of gold surged past $2,500 per troy ounce. Typically, gold bars weigh around 400 troy ounces, making each worth over $1 million at the current price level. The increase in gold…
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The U.S. Department of the Treasury has released a comprehensive 17-page report addressing the rapid growth and implications of digital assets and tokenization within the financial sector. The report emphasizes the need for robust regulatory frameworks to manage the evolving landscape of digital finance. The document also examines the role of stablecoins, noting their increasing…
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Marine veteran Stephen Lara continues his fight against the abuse of civil forfeiture laws, three years after police seized his life savings during a traffic stop in Nevada. Lara, a former Marine with 16 years of service, was pulled over in 2021 by the Nevada Highway Patrol for allegedly following a truck too closely. The…
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General Motors (GM) is committing $625 million to expand its lithium production capacity through a joint venture with Lithium Americas Corp., aiming to secure domestic lithium supplies critical to electric vehicle (EV) battery production. The investment focuses on the Thacker Pass project in Nevada, which holds North America’s largest known lithium deposit, targeting an annual…
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SpaceX to Bring NASA Astronauts Home in 2025
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Michael Saylor’s recent comments on Bitcoin self-custody have sparked considerable debate within the cryptocurrency community. In an interview, Saylor suggested that relying on large financial institutions—often referred to as “too big to fail” banks—could be a safer option than individual self-custody, which he argued increases seizure risks, particularly when managed by non-regulated entities. He referred…
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Clone Robotics has introduced a revolutionary android torso that mirrors human biomechanics, featuring a fully actuated bimanual design powered by artificial muscles. The torso’s structure includes a rigid cervical spine, functional elbow joints, and a complex array of joints in the shoulders, enabling lifelike movements and superior adaptability across a range of tasks. With 124…
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MicroStrategy has revealed an ambitious capital gameplan, aiming to raise $42 billion, split between an at-the-market (ATM) equity offering and fixed-income securities. The company plans to secure $21 billion through each channel, allowing it to expand its Bitcoin holdings while supporting its business intelligence operations. The announcement underscores MicroStrategy’s enduring commitment to Bitcoin as a…
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To remotely monitor and control individual sockets on a Power Distribution Unit (PDU) using Modbus communication, Modbus-TCP can be employed to access and modify specific registers over a network. Each socket (or outlet) on the PDU is associated with unique register addresses that allow users to read the status (on/off) or control the power state.…
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Changpeng Zhao, widely known as CZ and the former CEO of Binance, reportedly experienced a significant increase in his wealth during his four-month incarceration. An analysis by Forbes suggests CZ’s net worth surged by $3 billion, equating to approximately $25 million gained per day while in prison. This surprising financial growth is attributed to CZ’s…
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Civil engineering students recently participated in an earthquake-resistant building competition, showcasing structures designed to withstand seismic activity. Winning designs were chosen based on their ability to withstand shake tests, and judged for economic and aesthetic criteria. The event emphasized the importance of resilient infrastructure in disaster-prone areas, highlighting the role of engineering in reducing earthquake…
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The U.S. Treasury has identified a notable trend in which the rising use of stablecoins is significantly increasing the demand for U.S. Treasury bills. Treasury reports reveal that stablecoin assets now leverage approximately $120 billion in collateral tied up in T-bills and Treasury-backed repo transactions. This shift has resulted from stablecoins’ reliance on liquid, short-term…
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Apple co-founder Steve Wozniak has publicly thrown his support behind the prediction that Bitcoin is on track to hit $100,000 by the end of 2024. Known for his technological vision, Wozniak’s belief in Bitcoin’s potential as a store of value aligns with a growing number of financial experts anticipating a major price surge. Wozniak’s endorsement…
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The Department of Justice (DOJ) has issued a warning to Elon Musk’s America PAC, cautioning that its $1 million giveaway to registered voters in battleground states might breach federal election law. The DOJ’s Election Crimes Branch, part of its Public Integrity Section, reportedly sent a letter addressing the legality of the PAC’s daily cash award,…
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Former President Donald Trump recently voiced his concerns regarding the tax treatment of Bitcoin and cryptocurrencies. In remarks during his campaign, Trump questioned the fairness of capital gains taxes on Bitcoin, arguing that users should not incur tax liabilities when using Bitcoin for everyday purchases, such as coffee. This perspective marks a notable shift in…
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The Biden administration has announced a $325 million grant to Hemlock Semiconductor (HSC) in Michigan to build a state-of-the-art polysilicon facility. This significant investment, part of the CHIPS and Science Act, aims to boost U.S. semiconductor manufacturing, reinforcing national supply chains and generating around 1,000 construction jobs alongside 180 permanent manufacturing roles. Governor Gretchen Whitmer…
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A recent fatwa by a 90-year-old Salafic cleric in Saudi Arabia has declared Bitcoin permissible under Islamic law, marking a groundbreaking shift in the Islamic finance community’s stance on cryptocurrencies. This ruling provides a religiously endorsed pathway for Muslims worldwide to engage with Bitcoin, a currency traditionally viewed with caution within Islamic jurisdictions due to…
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The Plan ₿ Initiative, a collaboration between Tether and the city of Lugano, Switzerland, has introduced a remarkable statue honoring Bitcoin’s enigmatic creator, Satoshi Nakamoto. Revealed during the 3rd Annual Plan ₿ Forum, this statue features a disappearing effect designed to symbolize Nakamoto’s mystery and anonymity in the cryptocurrency world. Located at Villa Ciani in…
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Authorities in Ratchaburi, Thailand, have cracked down on an illegal Bitcoin mining operation following persistent power outages in the region. The raid, conducted by local police and the Provincial Electricity Authority (PEA), was triggered by numerous complaints from residents regarding fluctuating electricity and damaged appliances. The investigation led officials to a house that had been…
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NBA legend Scottie Pippen recently made waves in the cryptocurrency community by predicting a significant rise in Bitcoin’s price. In a post shared on X (formerly Twitter), Pippen claimed that Bitcoin’s anonymous creator, Satoshi Nakamoto, appeared to him in a dream, forecasting that Bitcoin would hit $84,650 on November 5, 2024. His tweet quickly sparked…
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A Moscow court has imposed an unprecedented $20 decillion fine on Google for allegedly blocking Russian pro-Kremlin YouTube channels. This fine—a number almost inconceivably large—exceeds the global economy’s worth. The lawsuit, driven by various Russian broadcasters, stemmed from Google’s removal of Russian state media channels under Western sanctions, intensifying legal tensions between the tech giant…
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Pedro Domingos, a professor emeritus at the University of Washington and author of The Master Algorithm and 2040, envisions a future where humans may achieve unprecedented lifespans, potentially living up to 500 years. He suggests that such longevity could redefine human development stages, with people remaining in childhood until around 50. In recent public statements,…
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Apple Inc. (NASDAQ: AAPL) is now turning its focus towards developing robotics products. This initiative is seen as a part of Apple’s ongoing efforts to diversify its revenue streams and maintain its competitive edge in the tech industry. Apple’s exploration into robotics includes developing a mobile robot designed to accompany users within their homes. Additionally,…
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In the early days of Bitcoin mining, hobbyists and crypto enthusiasts mined Bitcoin using just a standard computer equipped with a multi-core CPU. Back in 2009, these setups earned miners 50 BTC per block with minimal competition and computing power requirements. Mining was relatively simple and accessible, allowing participants to secure the Bitcoin network and…
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Amazon is making a significant investment in nuclear energy by committing $500 million to build small modular reactors (SMRs), aiming to provide up to 5,000 megawatts of power for its AI data centers. This unprecedented move highlights Amazon’s efforts to meet the rising electricity demands driven by artificial intelligence while maintaining its commitment to achieving…
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Charlie Munger, who passed away recently, has long been a significant figure in the financial world, known for his outspoken criticism of Bitcoin. Despite his passing, Munger’s harsh views on the cryptocurrency continue to be referenced in discussions about Bitcoin’s future. The Daily Hodl recently highlighted Munger’s strong stance against Bitcoin, using his critiques to…
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Blockstream, a leader in Bitcoin infrastructure, has successfully raised $210 million in convertible note financing. CEO Adam Back emphasized that this financing represents a pivotal moment for Blockstream, pushing the company to the forefront of Bitcoin’s integration into global finance. The funding round, led by Fulgur Ventures, will accelerate the adoption of Blockstream’s Layer-2 technologies,…
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Jack Mallers, CEO of Strike, made a compelling point during a recent debate with Peter Schiff, emphasizing Bitcoin’s ability to achieve transaction finality without reliance on government or central authority. Mallers argued that gold, while historically valuable, is limited by its dependence on centralized institutions for verification and settlement. He highlighted that without a government…
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Billionaire investor Tim Draper has spearheaded a $2.5 million pre-seed funding round for Ark Labs, a promising startup focused on advancing Bitcoin transactions by making them faster and more cost-effective. Ark Labs, is working on a protocol designed to simplify Bitcoin payments, making the cryptocurrency more accessible for everyday global commerce. Draper, known for his…
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A viral video recently surfaced showing 62-year-old Bill Collins reportedly running a 100-meter dash in 10.6 seconds. Bill Collins is a former Olympic sprinter known for his exceptional speed and longevity in track and field. Competing primarily in the 1970s, he participated in the 1976 Summer Olympics, representing the United States in the 4×100 meter…
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Russia is set to legalize Bitcoin mining starting on November 1, 2024, following the passage of legislation signed by President Vladimir Putin. This new law will allow registered legal entities and individual entrepreneurs to mine cryptocurrencies, creating a regulated framework for the activity. The regulation includes measures for energy consumption limits, particularly for small-scale miners…
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Bitcoin mining giant Bitfarms has agreed to acquire its competitor Stronghold Digital Mining in a deal valued at $175 million. The acquisition, which involves $125 million in stock and the assumption of $50 million in debt, positions Bitfarms to further solidify its place in the competitive cryptocurrency mining landscape. Stronghold shareholders will receive 2.52 Bitfarms…
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The European Central Bank recently renewed its critical stance against Bitcoin, asserting that the cryptocurrency’s true value is zero. In a report co-authored by Ulrich Bindseil and Jürgen Schaaf, ECB officials argue that Bitcoin has failed to deliver on its original promise of becoming a global payment system, instead evolving into a speculative investment asset…
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Germany has introduced a groundbreaking AI-generated travel influencer, Emma, as part of a strategic move to boost its tourism sector. The German National Tourist Board (GNTB) developed Emma to serve as a virtual guide, offering visitors personalized travel recommendations through social media platforms like Instagram. This initiative marks a significant step in digital tourism, where…
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According to Blockware, A 150% increase in the price of Bitcoin can significantly boost the profit margins of Bitcoin miners, particularly those using the Antminer S19 XP. This dramatic rise in Bitcoin’s price would result in what is known as the “mining profit multiple.” Essentially, a 150% increase in Bitcoin price can lead to a…
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The Italian government has announced plans to significantly increase its capital gains tax on Bitcoin and other cryptocurrencies from 26% to 42%. This move, part of the country’s 2025 budget plan, aims to generate additional revenue to fund public services and address fiscal shortfalls. Deputy Economy Minister Maurizio Leo confirmed the proposed hike during a…
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A sound engineer is getting ready to go live and mine Bitcoin at the same time by setting up a portable Bitcoin mining rig. The rig, which is mounted on a rack, uses free electricity from the venue. The setup involves several crucial components to ensure efficient mining during live events. The picture shown on…
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In a recent interview with “Scarce Assets,” Michael Saylor emphasized Bitcoin’s critical role in revitalizing struggling companies. During the discussion, Saylor argued that Bitcoin is the “universal merger partner” and a key solution for “zombie companies” in the Russell 2000. His recommendation? Recapitalize these businesses using Bitcoin to ensure their survival. According to Saylor, Bitcoin…
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Northwood Space, a startup led by CEO Bridgit Mendler, is making strides in the aerospace industry by developing scalable ground stations capable of quickly communicating with satellites. These stations, equipped with phased-array antennas, are designed for fast setup—within days—offering satellite operators rapid access to orbiting systems. Northwood’s innovation is centered on enabling seamless satellite communication…
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Gryphon Digital Mining has taken a significant step toward cementing its position as a low-cost operator by acquiring a Bitcoin mining operation powered by flare gas in Louisiana. The deal, valued at $1.5 million, involves up to 2.9 megawatts (MW) of operational capacity and includes 59 petahash per second (PH/s) of Bitcoin mining equipment. The…
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Microsoft is set to vote on a shareholder proposal related to Bitcoin at its upcoming annual meeting in December. The proposal, which will be decided during the meeting, is titled “Assessment of Investing in Bitcoin,” and was officially revealed in a recent SEC filing. This proposal reflects growing interest among shareholders regarding cryptocurrency, particularly Bitcoin,…
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According to Standard Chartered, Bitcoin may see a new all-time high of $74,000 before the U.S. presidential election in November 2024. Geoff Kendrick, the head of digital assets research at the bank, attributes this forecast to several key factors, including a steeper U.S. Treasury yield curve, growing interest in Bitcoin exchange-traded funds (ETFs), and the…
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Taiwan Semiconductor Manufacturing Company (TSMC) recently projected strong AI-driven demand that is expected to persist for ‘many years,’ in a report from yahoo finance. TSMC’s third-quarter earnings exceeded expectations, with net income surging over 50%. The company’s optimistic forecast indicates that AI-related sales could triple in 2024, accounting for 15% of its revenue. This announcement…
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Shohei Ohtani‘s historic 50/50 home run ball, marking his entry into the exclusive 50 home runs and 50 stolen bases club, was recently auctioned for a staggering $4.4 million. The Los Angeles Dodgers superstar hit the milestone ball on September 19, 2024, solidifying his legacy in Major League Baseball. The auction, managed by Goldin Auctions,…
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In the wake of strong reactions from key figures in the Bitcoin community, Michael Saylor has reaffirmed his stance on Bitcoin self-custody. Notably, Saylor faced backlash from prominent figures like Max Keiser, a senior Bitcoin advisor to El Salvador, and Ethereum founder Vitalik Buterin. The debate centers around Saylor’s views on how countries like El…
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After winning a bronze medal at the 2024 Paris Olympics, Nikola Jokic decided to reward his Serbian National teammates with an impressive gift. The Denver Nuggets superstar purchased 11 Rolex watches, spending a total of $375,500. Each watch is valued at $32,500. Jokic’s gesture was a way to celebrate the team’s achievement after defeating Germany…
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The FBI has arrested Eric Council Jr., a 25-year-old Alabama resident, for orchestrating the hack of the U.S. Securities and Exchange Commission’s (SEC) Twitter account, now known as X. The incident, which occurred in January 2024, resulted in a fraudulent tweet falsely claiming the SEC had approved a Bitcoin Exchange-Traded Fund (ETF), causing a temporary…
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Bitcoin continues to track global M2 money supply trends, and analysts are forecasting a potential surge in its price to $90,000 by the end of 2024. The M2 money supply, which measures cash and short-term bank deposits, has been a key indicator of Bitcoin’s performance in past cycles. As liquidity accelerates, Bitcoin is poised to…
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Simple Mining, a major player in the Bitcoin mining space, is on track for significant expansion by the end of October 2024. According to Chief Operating Officer Nick Garland, Simple Mining will complete an additional 5 MW of capacity next week, bringing their total hashrate under management to 50 MW. Garland also shared that another…
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Former President Barack Obama recently rallied voters in Detroit, Michigan, at a campaign event for Vice President Kamala Harris. Obama was introduced by rapper Eminem, who emphasized Michigan’s importance as a swing state in the 2024 election, urging voters to get involved. Obama criticized former President Donald Trump, calling him unfit for office, and recounted…
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Davinci Jeremie, a well-known figure in the cryptocurrency world, recently made a bold statement on social media: owning just one Bitcoin could be enough to secure early retirement within a decade. In a post on X (formerly Twitter), Jeremie urged followers to work hard until they acquire at least one Bitcoin, as the cryptocurrency’s future…
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Ethereum co-founder Vitalik Buterin has publicly criticized MicroStrategy’s Michael Saylor for advocating that crypto assets, such as Bitcoin, should be held by large financial institutions like BlackRock and Fidelity. Buterin referred to Saylor’s approach as “batshit insane,” arguing that crypto’s foundational value lies in decentralization, not institutional control. Buterin emphasized that a regulatory capture strategy,…
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Presidential candidate Donald Trump has seen a significant rise in his cryptocurrency holdings in 2024, with a total increase of $6.1 million since the start of the year. This surge has largely been driven by his investment in meme coins, which now make up over 65% of his portfolio. Among his most prominent holdings is…
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Aaron Gordon has secured a four-year, $133 million contract extension with the Denver Nuggets, reaffirming his position as a cornerstone of the team. Gordon’s new deal amounts to approximately 197 Bitcoin at current market rates, highlighting the strengthening of bitcoin against the dollar. The power forward was instrumental in helping Denver capture its first NBA…
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JPMorgan Chase CEO Jamie Dimon, known for his significant influence in global finance, is privately backing Vice President Kamala Harris as she eyes a potential 2024 run. According to a report from the New York Times, Dimon has maintained a close relationship with both Democratic and Republican leaders, providing counsel on various financial and policy…
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OpenAI, the artificial intelligence powerhouse, recently secured $6.6 billion in fresh capital from a mix of high-profile investors, including Citi and JPMorgan Chase. This funding round pushed OpenAI’s valuation to an impressive $157 billion. As AI demand surges, OpenAI’s services are projected to generate $3.7 billion in revenue for 2024 and are expected to grow…
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Marathon Digital Holdings (MARA) recently announced securing a $200 million credit line, utilizing its substantial Bitcoin holdings as collateral. The funds aim to provide the company with enhanced liquidity and flexibility to pursue strategic growth opportunities, including expanding its mining operations and capitalizing on other corporate initiatives. MARA’s decision reflects its confidence in leveraging Bitcoin’s…
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Pavel Durov, the founder and CEO of Telegram, was arrested on August 24, 2024, at Le Bourget airport near Paris. French authorities detained Durov as part of an ongoing investigation into the platform’s lack of moderation, which they allege has allowed criminal activities, including drug trafficking, cyberbullying, and organized crime, to flourish. Durov, who was…
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In an October interview on ESPN’s First Draft, Mel Kiper discussed the rising stock of top quarterback prospects. Shedeur Sanders from Colorado has impressed with his passing skills, accumulating 2,018 passing yards with 17 touchdowns and a 72.6% completion rate. However, his rushing game has been less effective, totaling negative rushing yards. Meanwhile, Jalen Milroe…
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American Wire Gauge (AWG) is a logarithmic stepped standardized wire gauge system used since 1857, predominantly in North America, for the diameters of round, solid, nonferrous, electrically conducting wire. Dimensions of the wires are given in ASTM standard B 258. The cross-sectional area of each gauge is an important factor for determining its current-carrying capacity.…
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The Bitcoin Power Law model is primarily a form of quantitative analysis, applying mathematical principles to predict Bitcoin’s long-term price trends. It uses logarithmic transformations and regression analysis to define support and resistance levels, offering a structured approach to forecasting. While it overlaps with technical analysis, the model’s foundation in physics-based principles places it firmly…
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Genesis Systems, a technology company, secures a $1.25 million contract from the U.S. Air Force to develop advanced filtration technologies for water generation systems, addressing defense and operational needs. Their innovative approach integrates CBRN protections, quantum encryption, and EMP hardening, aiming to ensure continuous and safe water access in challenging environments.
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Michael Burry, famed for his prescient bets against the housing market in 2008, shocked investors by tweeting a single word: “Sell.” At the time, the S&P 500 was trading around 4,076 points, and many feared a significant market downturn. However, the stock market defied expectations, with the S&P 500 soaring by 41% since ts, indicating…
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Donald Trump’s latest venture into the cryptocurrency space, the World Liberty Financial (WLFI) token sale, encountered significant obstacles during its October 15 launch. Despite heavy promotion and Trump’s personal endorsement, the sale saw only 3-4% of its goal achieved, raising approximately $9-10 million out of the expected $300 million. Technical difficulties, including multiple website crashes,…
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Paraguay’s National Electricity Administration seized 693 illegal Bitcoin mining machines in Hernandarias using SCADA systems. Illegal mining poses financial and infrastructure threats.
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Bitcoin has shown remarkable resilience and growth compared to traditional assets such as real estate, gold, and consumer technology, like the iPhone and MacBook. Over the past decade, Bitcoin has significantly outperformed many of these assets, with the cryptocurrency gaining over 6,100% between 2017 and 2021, while US home prices increased by just 29% during…
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The No. 1 Texas Longhorns and No. 5 Georgia Bulldogs are set for a monumental SEC showdown on Saturday, October 19, at Darrell K. Royal-Texas Memorial Stadium in Austin, Texas. This highly anticipated game will be broadcast live in primetime, with kick-off scheduled for 7:30 PM EST. The match represents a critical point in the…
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Bitcoin traders are carefully monitoring the market as Pledditor (@Pledditor) posted that Gareth Soloway, a well-known technical analyst, has entered another short position on Bitcoin at $68,000. Soloway’s bearish stance reflects his prediction that the cryptocurrency could face significant resistance at this price level, leading some investors to brace for a potential downturn. Bitcoin has…
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Bitcoin mining is a highly competitive industry where ASIC manufacturers compete for dominance. The top three manufacturers by market share areBitmain, MicroBT, and Canaan. ASIC MARKET OVERVIEW Company Location Foundry Model Example Market %Estimate Bitmain Beijing TSMC S19Jpro 60% MicroBT Shenzen Samsung M66S+ 20% Canaan Hangzhou SMIC Avalon Miner 1366 10% Bitmain remains the dominant…
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Nick Garland, Chief Operating Officer at Simple Mining, announced: “Next week we will complete an additional 5 MW expansion which takes our total hashrate under management up to 50 MW.In November, we have an additional 10+ MW coming online as well, which keeps us on track for our target of 125+ MW by the end…
Bitcoin Versus 