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Federal Reserve Chair Jerome Powell announced that the time has come for policy adjustments, indicating a shift towards cutting interest rates. Speaking at the Jackson Hole Economic Symposium, Powell emphasized that while inflation has been a challenge, recent data shows progress toward price stability. The Federal Reserve’s key rate, currently at its highest in 25…
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The Michigan Retirement System has invested $6.6 million in ARK 21Shares Bitcoin ETFs, making it the third U.S. state pension fund to include Bitcoin ETFs. This follows a trend of public pension funds exploring digital asset investments. The SEC’s approval of Bitcoin ETFs has encouraged institutional adoption, with more funds considering similar investments.
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McDonald’s Instagram account was hacked to promote a Solana-based memecoin called GRIMACE, falsely claiming it to be a McDonald’s project. This led to a rapid surge in its value to a $20 million market cap before plunging to under $1 million, causing financial losses for investors. This incident highlights the vulnerability of major corporate social…
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The power supply unit (PSU) is a fundamental component of the Bitcoin ASIC machine. The K9 PSU (pictured below) is a specific PSU for the K9 model ASIC machine. Generally, there are specific model PSU’s that are compatible with specific Bitcoin Mining Machines. 1. Materials needed:A. Drill (w/phillips head) B. Phillips head screwdriver. *Note –…
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Edward Snowden’s keynote at the 2024 Bitcoin Conference warned of the privacy risks associated with AI and blockchain technology. He emphasized the importance of privacy and the need for improved features in Bitcoin to protect users from increasing government surveillance. Snowden also highlighted the broader implications of AI and surveillance on financial activities.
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Lightning Labs has launched Taproot Assets, a protocol enabling the issuance and management of real-world assets on Bitcoin and Lightning Network. This advancement leverages Bitcoin’s liquidity, security, and Lightning’s low fees to support diverse asset issuance. Developers benefit from improved APIs and security measures, positioning Bitcoin as a central player in global finance.
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Auradine, Inc. has announced the initial deliveries of its Teraflux 2800 series, a groundbreaking advancement in Bitcoin mining technology. This platform, built with 3-nanometer silicon ASIC technology, aims to set new benchmarks in performance, energy efficiency, resilience, and operational efficiency. Designed and manufactured in the U.S., the Teraflux platform is the fastest and most resilient…
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Marathon Digital Holdings has recently made a significant investment by purchasing $100 million worth of Bitcoin. This acquisition aligns with Marathon’s strategy to increase its Bitcoin holdings and adopt a “full HODL” approach, meaning they plan to retain their Bitcoin without selling it in the near future. This move comes amid a broader trend of…
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Elon Musk, will interview former President Donald Trump tonight at 8 PM ET on X.com. The live interview is expected to be unscripted, with no limitations on subject matter, offering a unique opportunity for both participants to engage directly with the audience. Musk has invited viewers to submit their questions, indicating the possibility of an…
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Bitcoin miner revenue is showing signs of bottoming out, a trend historically linked with the onset of new bull markets. This trend, emphasized by Plan B’s recent chart, suggests a potential rally in Bitcoin prices. Recent data from blockchain analytics firm CryptoQuant reveals that Bitcoin miners are undergoing capitulation, a phase marked by declining hash…
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Students in a public school in El Salvador are actively learning about Bitcoin mining using a handheld Bitaxe ASIC miner. The initiative is part of the country’s broader push to integrate Bitcoin into its economy and education system after adopting it as legal tender. This hands-on experience equips students with practical skills for the future.
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Jersey City is set to integrate Bitcoin exchange-traded funds (ETFs) into its municipal pension fund, marking a significant shift in local government financial strategy. Mayor Steven Fulop announced on July 25 that the city is in the process of updating its documentation with the U.S. Securities and Exchange Commission to facilitate this new investment strategy.…
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Michael Saylor, the chairman and co-founder of MicroStrategy, has once again taken to social media to advocate for Bitcoin during a pivotal moment in the global financial landscape. In his latest statement, Saylor declared, “There is a revolution taking place in global capital markets amid a digital transformation in finance. TradFi is a 2% solution;…
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Bitcoin’s value dipped below $50,000 for the first time since February, reaching a low of $49,351 amid a broader market sell-off. This has contributed to a 17% reduction in the overall cryptocurrency market capitalization. Factors such as increasing interest rates, inflation concerns, and regulatory pressures on cryptocurrency exchanges have influenced this downturn. Market analysts are…
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Senator Cynthia Lummis proposed the BITCOIN Act, aiming to establish a federal Bitcoin reserve to stabilize the U.S. dollar and manage national debt. The bill aims to acquire 1 million Bitcoin over time, with bipartisan support emphasizing Bitcoin’s growing importance. The initiative reflects broader political interest in adopting Bitcoin as a key financial instrument.
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Researchers at MIT have developed a groundbreaking machine-learning framework designed to predict heat movement through semiconductors and insulators with unprecedented speed and accuracy. This innovation has the potential to revolutionize energy generation systems by addressing the inefficiency that results in approximately 70 percent of generated energy being lost as waste heat. By better understanding thermal…
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Morgan Stanley, a leading Wall Street bank, has announced it will be the first major U.S. bank to offer Bitcoin exchange-traded funds (ETFs) to its wealth management clients. Starting this month, Morgan Stanley’s financial advisors will have the option to sell shares of BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC)…
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Bitcoin ownership has increasingly spread across the globe, with several countries holding significant amounts of the digital currency. As of 2024, the United States leads in governmental Bitcoin holdings, possessing approximately 215,000 BTC primarily obtained through law enforcement seizures since 2020. China follows closely with around 190,000 BTC, largely accumulated through the confiscation of assets…
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Aerospace engineers at the University of Central Florida are garnering global attention for their successful experiments in hypersonic propulsion. Their groundbreaking work could lead to safe and stable hypersonic air travel, potentially flying passengers from Tampa to Los Angeles in a matter of minutes. The U.S. Department of Defense has awarded UCF significant funding to…
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Cantor Fitzgerald, a global financial services group, launches a $2 billion Bitcoin financing business with plans for additional increments. The CEO emphasizes Bitcoin’s potential as a universally recognized asset. This move reflects the firm’s commitment to expanding in the cryptocurrency market and is expected to create new opportunities for Bitcoin investors.
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Former President Donald Trump is set to host an exclusive fundraiser at the upcoming Bitcoin 2024 conference on July 27. This event, tailored for cryptocurrency supporters, will take place in Nashville and features a roundtable asking price of $844,600 per seat. High-Stakes Fundraising Effort The private roundtable fundraiser is expected to draw high-profile donors from…
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Larry Fink, CEO of BlackRock, has significantly shifted his view on Bitcoin, now praising it as a potential revolutionary force in finance. Initially skeptical, Fink admitted, “I was a proud skeptic… I studied it, learned about it, and I came away saying my opinion was wrong.” He acknowledged Bitcoin’s role in protecting against currency debasement,…
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I recently completed the “Python Tutorial” by Red Tea Infusion. This course is a comprehensive introduction to Python, covering everything from basic syntax to essential data structures. Designed for beginners, it requires no prior programming experience, making it an excellent starting point for anyone new to coding. Course Content and Structure The course is divided…
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You can download applications directly from the web using PowerShell on Windows. This guide explains how to use Invoke-WebRequest to download software, using Visual Studio Code as an example. Steps include opening PowerShell, defining the source URL, specifying the destination path, and executing the download command.
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In the realm of cryptocurrency, comparing Bitcoin to Ethereum is akin to comparing Michael Jordan to Brian Scalabrine. Both have their merits, but the distinction in dominance is stark. Bitcoin, like Jordan, is unparalleled in its impact and market position, while Ethereum, despite its capabilities, is more comparable to Scalabrine—effective but not on the same…
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Power Usage Effectiveness (PUE) measures data center energy efficiency by comparing total energy use to IT equipment consumption. Lower PUE values, such as OVH’s 1.09, indicate higher efficiency. Optimizing cooling and power systems can reduce PUE, lowering costs and environmental impact for operators and clients.
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Social Media Influencer Julian Brown, who’s also known as Nature Jab, is making significant strides with an inventive method to convert plastic into oil. This process involves heating polypropylene in a reactor filled with water at temperatures between 380 to 500°C. At such high temperatures and pressure, water breaks down the plastic, converting it into…
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The Intuit Dome, future home of the Los Angeles Clippers, is a groundbreaking example of energy sustainability in sports arenas, with a $2 billion construction cost. With 2 MW of rooftop solar panels and 11 MW of battery storage, the venue will operate entirely carbon-free, showcasing a commitment to environmental stewardship. These features set a…
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Network topology is essential for network design and performance, as it determines data transfer efficiency, scalability, and maintenance costs. Physical and logical topologies play vital roles, with key types including star, bus, ring, mesh, tree, and hybrid topologies. Understanding these is crucial for effective network management and resilience.
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The unveiling of Satoshi Nakamoto’s email exchanges with Adam Back marks a significant development in the ongoing quest to uncover the origins of Bitcoin. This correspondence predates Bitcoin’s public debut and provides a rare glimpse into the conceptual stages of the digital currency that would revolutionize the financial landscape. Adam Back, recognized for his substantial…
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New Hampshire University Student Autumn Domingo is a driving force behind Generation Bitcoin, leading education initiatives and shaping the narrative of Bitcoin for the 21st century. Through weekly workshops and internships, she inspires the next generation of #Bitcoin professionals, showcasing the potential of Bitcoin.
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Jack Mallers, CEO of the Bitcoin company Strike, recently expressed strong opinions about cryptocurrencies other than Bitcoin. In a statement, Mallers referred to these alternative cryptocurrencies as distractions from Bitcoin’s true potential and purpose. He particularly criticized Ethereum, questioning its legitimacy and pointing out its past security issues and changes in monetary policy. Mallers described…
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Fidelity’s Wise Origin Bitcoin Fund (FBTC) holds 34,126 BTC valued at $1.37 billion as of January 22, 2024. This significant investment reflects Fidelity’s long-term commitment to Bitcoin and its belief in digital assets’ potential. The SEC’s approval of Bitcoin-focused ETFs has further boosted Fidelity’s position in the market, signaling increasing acceptance of cryptocurrencies in traditional…
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Bitwise, Fidelity, and BlackRock Lead Historic Inflows into Bitcoin ETFs BITB by Bitwise led all new Spot Bitcoin ETFs with the highest net inflow on its first day of trading, amounting to $237.9 million. This remarkable performance can be attributed to its competitive pricing structure, offering the lowest fee among spot Bitcoin ETFs at 0.20%,…
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