crypto
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In a landmark decision, the United Arab Emirates (UAE) has officially exempted all cryptocurrency transactions from value-added tax (VAT), a move set to take effect on November 15, 2024. This exemption applies retroactively to transactions dating back to January 1, 2018, ensuring that individuals and businesses alike will no longer face the 5% VAT levy…
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CleanSpark, Inc. (Nasdaq: CLSK), a prominent Bitcoin mining company, is set to join the S&P SmallCap 600 index before the market opens on March 24, 2025. This inclusion signifies a notable milestone for CleanSpark, reflecting its consistent performance and growth within the cryptocurrency mining sector. The S&P SmallCap 600 index measures the small-cap segment of…
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Rumble has made a significant investment by purchasing 188 Bitcoin, valued at approximately $17.1 million. This substantial acquisition underscores the company’s confidence in Bitcoin as a strategic asset and aligns with the recent trend of major corporations incorporating digital assets into their balance sheets. Investor and crypto advocate Kyle Chassé celebrated the news on social…
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Bitfarms Ltd. (NASDAQ/TSX: BITF), a global Bitcoin mining and data center company, has completed its acquisition of Stronghold Digital Mining, Inc. (SDIG), significantly enhancing its U.S. operations. This acquisition increases Bitfarms’ energy portfolio to 623 megawatts under management, adding 165 MW of active generating capacity and 142 MW of available import capacity. It also secures…
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The Proof-of-Power Wall concept from Jason P. Lowery’s SOFTWAR introduces a cybersecurity model where control signals must carry proof of computational work to be accepted. By rejecting signals that lack this proof, the system ensures that every authorized command comes with a cost, reducing the risk of exploitation. Adjusting the difficulty of the proof-of-power process…
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Marathon Digital Holdings (MARA) has significantly expanded its operations by acquiring two operational data centers in Hannibal and Hopedale, Ohio, totaling 222 megawatts (MW) of interconnect-approved capacity. These sites currently operate at 122 MW, with approval to expand by an additional 100 MW. Additionally, MARA is developing a 150 MW facility in Findlay, Ohio, which…
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Coinbase, the leading U.S. cryptocurrency exchange, plans to expand its workforce by approximately 1,000 employees in 2025. CEO Brian Armstrong attributes this expansion to the pro-crypto policies of President Donald Trump’s administration. Armstrong announced the hiring initiative following the White House Crypto Summit, emphasizing the administration’s supportive stance on digital assets. He noted that…
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In a historic move, Goldman Sachs has acknowledged the growing significance of digital assets in its latest annual letter to shareholders. The 2024 report highlights how blockchain technology and cryptocurrencies are intensifying competition within the financial sector. The letter notes that the rise of electronic trading, alongside blockchain and artificial intelligence, has transformed market…
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Strategy, formerly known as MicroStrategy, has expanded its Bitcoin holdings by acquiring an additional 130 BTC. This purchase, valued at approximately $10.7 million, was executed at an average price of $82,981 per BTC between March 10 and March 16, 2025. According to the company’s latest SEC filing, the acquisition was funded through the sale…
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Changpeng “CZ” Zhao, the founder of Binance, has been released from U.S. custody after completing a four-month prison sentence. Zhao was detained for failing to implement adequate Anti-Money Laundering (AML) controls at Binance, which allowed illegal transactions involving cybercriminals and terrorist groups. Zhao’s case was a result of Binance’s significant legal struggles in the U.S.…
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A new HBO documentary titled “Money Electric: The Bitcoin Mystery” has sent ripples through the cryptocurrency world, claiming to uncover the true identity of Satoshi Nakamoto, the elusive creator of Bitcoin. The film, directed by Emmy-nominated filmmaker Cullen Hoback, promises to reveal evidence pointing to a long-time Bitcoin developer, Peter Todd, as Nakamoto. However, Todd…
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Charles Schwab has announced its willingness to offer cryptocurrency trading services if U.S. regulatory laws evolve to allow it. This potential move could significantly impact the cryptocurrency market, injecting billions in investments and making crypto trading accessible to a vast number of traditional investors. CEO Walt Bettinger confirmed that Schwab is ready to act swiftly,…
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Coinbase CEO Brian Armstrong attended the first-ever White House crypto summit and praised President Donald Trump’s efforts to revitalize the industry. In an interview with Yahoo Finance Senior Reporter Jennifer Schonberger, Armstrong stated, “President Trump really breathed life back into this industry over the last few years. We really felt like we were being unlawfully…
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Bitdeer Technologies Group has completed a successful test of its SEAL02 Bitcoin mining chip, achieving an impressive power efficiency ratio of 13.5 J/TH. This milestone represents a significant advancement in energy efficiency within the mining industry, placing Bitdeer at the forefront of innovative mining solutions. SEAL02 was developed in partnership with TSMC, one of the…
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Michael Saylor, Executive Chairman of Strategy, delivered a keynote address at the “Bitcoin for America” summit in Washington, D.C., organized by the Bitcoin Policy Institute. In his speech, Saylor emphasized Bitcoin’s potential to transform the U.S. economy and advocated for the nation to secure a substantial portion of the cryptocurrency. Bitcoin as a Strategic Asset…
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Robinhood co-founder and CEO Vlad Tenev joined CNBC’s Squawk Box to discuss the U.S. administration’s establishment of a strategic Bitcoin reserve, calling it a “sensible approach” to integrating digital assets into the national financial system. His remarks followed the White House Crypto Summit, where industry leaders and policymakers convened to discuss the role of Bitcoin…
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NRG Bloom, a Canadian company co-founded and led by CEO Makir Volcy, is pioneering sustainable Bitcoin mining solutions in Africa. The company repurposes flared gas and stranded energy to power its mining operations, addressing environmental concerns while fostering technological advancement. Headquartered in Quebec, NRG Bloom has established a Bitcoin mining operation in Nigeria, utilizing…
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At the 2024 Digital Assets Conference in São Paulo, BlackRock once again positioned itself at the forefront of the cryptocurrency market, expanding its reach by discussing the impact of Bitcoin and launching its Bitcoin ETF in Brazil. Jay Jacobs, head of Thematics and Active Equity ETFs at BlackRock, highlighted how Bitcoin is evolving as a…
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Bitcoin’s scarcity is one of its most significant features, with only 21 million coins ever to exist. This scarcity equates to approximately 0.0025 BTC per person on the planet, based on the current global population of 8 billion. According to INDIANHODL, this allocation isn’t an annual amount but a lifetime allotment for each individual. When…
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Bitcoin’s growth dynamics are governed by power laws, illustrating how its metrics interact over time. The relationship between Bitcoin’s price and addresses demonstrates this, with the number of addresses affecting the price exponentially. The hash rate, reflecting network computing power, follows a power law with a smaller exponent, indicating significant but slower growth. Understanding these…
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President Donald Trump has announced the establishment of a U.S. “Crypto Strategic Reserve,” aiming to position the United States as a leader in the global cryptocurrency market. The reserve will include prominent digital assets such as Bitcoin, Ethereum, XRP, Solana, and Cardano. This initiative seeks to bolster financial innovation and provide a hedge against inflation.…
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Mexican billionaire Ricardo Salinas – who has an estimated net worth of $5.8 billion – has significantly increased his investment in Bitcoin, now allocating approximately 70% of his liquid portfolio to the cryptocurrency. In a recent interview, Salinas stated, “I’ve got about 70% in Bitcoin-related exposure and 30% in gold and gold miners,” highlighting his…
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Ohio State Senator Niraj Antani has introduced groundbreaking legislation that would allow residents to pay state and local taxes using cryptocurrency, marking a significant step forward in digital currency adoption. If passed, this bill would position Ohio as a leader in cryptocurrency integration within state financial systems. “Cryptocurrency is not just the future — it’s…
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In a recent development, Tyler Winklevoss, co-founder of the cryptocurrency exchange Gemini, expressed reservations about including certain digital assets in the proposed U.S. Crypto Strategic Reserve. He emphasized that only Bitcoin meets the necessary criteria for such a reserve. Winklevoss elaborated that an asset suitable for a strategic reserve should embody characteristics of hard…
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Tom Lee, co-founder and managing partner of Fundstrat Global Advisors, recently shared his optimistic outlook on Bitcoin’s price trajectory for 2025. In an interview on CNBC’s ‘Squawk Box,’ Lee expressed confidence that Bitcoin will surpass the $150,000 mark this year, attributing this anticipated growth to increasing institutional adoption and broader acceptance. Lee highlighted that…
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Michael Saylor, Executive Chairman of Strategy, has unveiled a comprehensive digital assets framework, asserting that the United States could unlock a $100 trillion economic opportunity by adopting strategic digital asset policies. Saylor’s proposal emphasizes the establishment of a clear taxonomy for digital assets, categorizing them into digital commodities, currencies, securities, tokens, non-fungible tokens (NFTs),…
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President Donald Trump announced the establishment of a U.S. Crypto Strategic Reserve, aiming to position the United States as the “crypto capital of the world.” The reserve is set to include major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA). The announcement led to a significant surge in cryptocurrency…
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As advances in anti-aging technology begin to emerge from the labs, a political divide is expected to form around this groundbreaking innovation. While still in its early stages, speculation suggests that liberals may embrace anti-aging technology as a progressive tool for improving human life, while conservatives might reject it on ethical and religious grounds. My…
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In the ever-evolving world of cryptocurrency mining, the Bitmain Antminer S21e XP Hyd 3U emerges as a dominant force, delivering a staggering 860 Th/s on the SHA-256 algorithm, compared to the IceRiver AL3’s modest 15 Th/s on the Blake3 algorithm. The computational power difference is a mind-blowing 5,300%, making Bitmain’s latest machine the clear winner…
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Despite China’s 2021 ban on cryptocurrency mining and trading, the nation continues to dominate Bitcoin mining operations, controlling an estimated 55% of the global Bitcoin hashrate. This ongoing influence highlights the resilience of Chinese miners, who have adapted by either moving their operations underground or relocating to crypto-friendly regions nearby, like Sichuan, which boasts abundant…
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PayPal has announced that U.S. businesses can now buy, sell, and hold cryptocurrency directly through their PayPal accounts. This shift marks a significant step in mainstream adoption of digital currencies, allowing businesses to easily manage their crypto assets in a seamless and user-friendly interface. This integration is designed to cater to the growing demand for…
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Caroline Ellison, the former CEO of Alameda Research, has been sentenced to 24 months in prison for her role in the collapse of FTX, a company once seen as a titan in the cryptocurrency world. Her cooperation with federal prosecutors earned her a significantly lighter sentence than the 110 years she could have faced for…
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The battle for efficiency in the Bitcoin mining industry has a clear leader. According to the latest data from ASICMinerValue, the Antminer S21 Pro is now the most efficient Bitcoin mining machine, delivering an impressive performance of 15 J/TH. This places it at the forefront of energy-efficient mining rigs, a crucial factor as the cost…
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BritishHodl’s statement emphasizes Bitcoin’s potential as a long-term investment that could yield significant financial benefits, particularly for young investors, compared to traditional assets.
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Tether has indeed outperformed BlackRock in profits for 2023, marking a significant shift in the financial landscape. Tether reported a profit of $6.2 billion, surpassing BlackRock’s $5.5 billion. This achievement is largely driven by Tether’s investments in low-risk, high-yield assets like U.S. Treasury bills, which have benefited from rising interest rates globally. The company’s strategic…
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The U.S. Securities and Exchange Commission (SEC) has approved options trading for BlackRock’s iShares Bitcoin Trust (IBIT) ETF. This marks a pivotal moment for institutional and retail investors, providing them with more tools to hedge risks and speculate on Bitcoin’s price movements. The options will be listed on the Nasdaq exchange under the ticker IBIT…
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Franklin Templeton, the renowned global investment firm, has officially lodged a proposal with the U.S. Securities and Exchange Commission (SEC) to launch an innovative cryptocurrency exchange-traded fund (ETF). Trading under the ticker ‘EZPZ’, the fund aims to provide investors with diversified exposure to the largest digital assets, initially focusing on Bitcoin (BTC) and Ethereum (ETH).…
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Germany’s Commerzbank has officially announced its move to offer Bitcoin and cryptocurrency trading to its 11.6 million retail customers. This marks a significant step for traditional banks embracing the digital asset revolution. The bank is partnering with Crypto Finance, a subsidiary of Deutsche Börse, to provide secure and regulated access to Bitcoin and Ethereum trading…
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BlackRock and Microsoft launched a $30 billion fund to enhance AI infrastructure, focusing on energy-efficient data centers and sustainability.
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Cryptocurrency mining relies on specific algorithms that ensure the security, decentralization, and integrity of blockchain networks. Each coin uses tailored algorithms like SHA-256, Scrypt, and Ethash, which have unique properties affecting mining efficiency, energy consumption, and security. Understanding these algorithms is essential for effective mining strategy and hardware selection.
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In a recent statement, Louisiana State Treasurer predicted that the Bitcoin market will balloon to $7.5 trillion by 2028. This projection aligns with the growing adoption of Bitcoin across various sectors as its role in financial systems becomes more prominent. With increasing institutional interest and mainstream integration, the future of Bitcoin looks promising. The Louisiana…
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LM Funding America, Inc. has obtained a $5.6 million loan to purchase a Texas-based mining facility with a 72-megawatt capacity. This move is set to enhance their mining operations through immersion mining techniques. They aim to capitalize on the facility’s 55 PH/s capacity, potentially boosting computational power to meet Bitcoin mining demands.
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The central banks of Norway and Switzerland have notably increased their investments in MicroStrategy, a firm that holds a substantial amount of Bitcoin. Norges Bank, responsible for managing Norway’s Government Pension Fund, now holds over 1.12 million shares, while the Swiss National Bank has acquired 466,000 shares, marking a 60% increase from the previous quarter.…
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Bitmain has long held a dominant position in the Bitcoin mining hardware market, controlling over 75% of the global ASIC (Application-Specific Integrated Circuit) market share since launching its first Antminer in 2013. This market power stems from Bitmain’s ability to leverage economies of scale, allowing it to produce hardware at lower costs while securing a…
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BlackRock CEO Larry Fink and G42 CEO Peng Xiao recently engaged in a discussion at Bloomberg House in Davos, focusing on the future of artificial intelligence infrastructure and its energy requirements. According to Bloomberg, Peng Xiao emphasized that AI infrastructure could require a minimum of 200 to 300 gigawatts of power to meet global demand.…
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eToro, one of the leading global trading platforms, has reached a settlement with the U.S. Securities and Exchange Commission (SEC) over charges related to its cryptocurrency offerings. The platform has agreed to pay $1.5 million as part of the settlement and will be restricting its cryptocurrency trading services in the United States. This move comes…
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Efficient management of ASIC mining machines is vital. NSC Miner Management offers comprehensive control, including a heatmap visualization and machine tracking.
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The SupraHex is an open-source Bitcoin mining machine designed for enthusiasts and developers seeking a hands-on approach to mining hardware. Featuring a modular and compact design, the machine allows easy integration into various setups, making it a practical choice for those interested in optimizing mining performance. The SupraHex Bitaxe supports standalone operation, meaning it can…
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President Donald Trump has granted a full and unconditional pardon to Ross Ulbricht, the founder of the Silk Road darknet marketplace. Ulbricht, who operated under the pseudonym “Dread Pirate Roberts,” was arrested in 2013 and later sentenced to two life terms plus 40 years for charges including drug trafficking, money laundering, and computer hacking. The…
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First Lady Melania Trump has introduced her own meme coin, $MELANIA, following the recent launch of her husband Donald Trump’s $TRUMP cryptocurrency. The $TRUMP coin experienced a volatile surge, reaching a market capitalization of approximately $32 billion shortly after its release. Similarly, $MELANIA quickly amassed a market cap exceeding $2 billion. Despite these impressive figures,…
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On January 19, 2013, Bitcoin mining history was made as Canaan Creative, through its Avalon project, introduced the world’s first consumer application-specific integrated circuit (ASIC) miners. Known as Avalon1, these initial ASIC miners revolutionized the mining landscape by introducing highly efficient and specialized hardware designed solely for Bitcoin’s SHA-256 hashing algorithm, significantly outperforming the general-purpose…
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Solar power has the potential to revolutionize the Bitcoin mining industry, particularly as energy efficiency becomes a critical factor in scaling operations sustainably. With advancements in solar technology and increasing demand for low-cost, renewable energy, leveraging solar power as a primary energy source for Bitcoin mining could significantly reduce operational costs and environmental impact. My…
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CleanSpark, a leading U.S. Bitcoin mining firm, has announced its acquisition of seven cryptocurrency mining sites in Knoxville, Tennessee. The $27.5 million deal includes the mining facilities and associated land, adding a total power capacity of 85 megawatts (MW). This acquisition will boost CleanSpark’s mining capacity by 5 exahashes per second (EH/s), marking a 22%…
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BlackRock, the world’s largest asset management firm, recently emphasized Bitcoin’s potential to act as a safeguard in these turbulent times. According to the company, Bitcoin could serve as a hedge against global disorder, offering protection from the vulnerabilities of traditional financial structures. BlackRock’s advocacy for Bitcoin was further solidified with the launch of its Bitcoin…
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The evolution of Bitcoin mining hardware has shown a significant shift in both power and efficiency, with each new generation becoming slightly less impactful than the previous one. Early models like the Antminer S1 introduced a massive leap in processing power, but recent iterations reveal diminishing returns in both hashrate and energy efficiency. Blockware Intelligence’s…
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Indonesian cryptocurrency exchange Indodax suffered a significant breach, resulting in the theft of $22 million worth of cryptocurrencies, including Bitcoin, Ether, and Tron. The attack targeted Indodax’s hot wallets, forcing the exchange to suspend operations and launch an investigation. Blockchain security firms PeckShield and Cyvers were among the first to detect the breach, linking the…
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Fred Krueger, a prominent Bitcoin advocate with a strong background in Wall Street, recently issued a bold statement targeting altcoin and NFT enthusiasts. In a social media post, Krueger declared, “Altcoiners, I hate to break it to you. Your coin will be worthless in 10 years. Your NFT will have zero bidders. Bitcoin will be…
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Michael Saylor, executive chairman of MicroStrategy, has forecasted that Bitcoin could hit $13 million per coin within the next 21 years. Speaking on CNBC, Saylor explained that his projection is based on Bitcoin eventually accounting for 7% of global capital, a significant leap from its current 0.1% share. He believes Bitcoin’s market capitalization could soar…
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Japan’s largest power company, TEPCO, is leveraging its surplus renewable energy to mine Bitcoin through its subsidiary Agile Energy X. This initiative addresses a major issue in Japan’s energy sector, where solar and wind energy production often exceeds demand, leading to wasted power. In 2023, the country curtailed 1,920 gigawatt-hours of renewable energy, enough to…
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In a recent viral tweet by @asanoha_gold, an image circulates with the bold statement: “You Can’t Make More Bitcoin, You Can Make More Bitcoiners.” This message captures the spirit of Bitcoin’s unique scarcity and the growing Bitcoin community. While Bitcoin has a hard cap of 21 million coins, this tweet underscores the idea that although…
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Applied Digital, a leader in bitcoin mining hosting and high-performance computing, has secured $160 million in strategic financing. This funding comes from a group of investors, including the prominent chipmaker NVIDIA. The capital injection is poised to support Applied Digital’s ongoing projects, such as the development of one of the largest data center campuses in…
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Japan is preparing to significantly reduce the tax burden on cryptocurrency earnings, proposing to lower the maximum tax rate from 55% to 20%. This move would align cryptocurrency profits with other financial assets such as stocks, creating a more favorable environment for crypto investors. The reduction aims to address concerns about the heavy tax load…
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Morgan Stanley, a leading global financial institution managing $1.4 trillion in assets, disclosed that 6% of its institutional fund portfolio is now allocated to Bitcoin instruments. This marks a significant step in institutional adoption of the cryptocurrency, reflecting increasing confidence in Bitcoin as a long-term strategic asset. The investment, valued at over $84 billion, positions…
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Mark Karpelès, the former CEO of the defunct Mt. Gox cryptocurrency exchange, is preparing to launch a new platform called EllipX by the end of September 2024. Based in Poland, this new exchange aims to serve European users initially, with plans for global expansion. EllipX will focus on transparency and user-friendliness, addressing the growing demand…
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The Japanese government is set to reform its cryptocurrency tax policies by significantly reducing the maximum tax rate on crypto earnings from 55% to 20%. This proposed change is aimed at aligning the tax treatment of cryptocurrencies with that of traditional financial assets, such as stocks. Currently, crypto profits are taxed under a miscellaneous income…
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HIVE Digital Technologies has announced the purchase of 1,000 Bitmain S21 Pro Antminers, marking a significant upgrade to its mining fleet. This acquisition is expected to increase HIVE’s mining efficiency and capacity as part of its broader strategy to optimize operations. The newly acquired miners will contribute an additional 200 PH/s to HIVE’s hashrate, boosting…
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On September 1, 2024, Qatar announced a significant development in its financial sector with the introduction of the QFC Digital Assets Framework. This framework, established by the Qatar Financial Centre Authority (QFCA) and the Qatar Financial Centre Regulatory Authority (QFCRA), sets new legal and regulatory standards for digital assets in the Qatar Financial Centre (QFC).…
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Bitcoin’s value trajectory may be on a scientific path to $1 million by 2033, thanks to Stephen Perrenod’s unique power law model predicting a long-term growth pattern rooted in mathematical principles and natural phenomena His analysis uses the “Bitcoin Power Law,” a model that employs mathematical patterns often seen in nature, such as scaling laws…
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Zurich Cantonal Bank (ZKB), one of Switzerland’s largest financial institutions, has announced a significant move into the cryptocurrency market. The bank now allows its customers to trade and store Bitcoin and Ethereum directly from its platform. This offering will integrate with the bank’s existing services, including ZKB eBanking and Mobile Banking, ensuring that customers can…
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As the Bitcoin mining industry faces increasing financial strain due to declining block rewards and rising operational costs, Loka Mining has unveiled a forward-thinking solution. The company’s CEO, Andy Fajar Handika, introduced forward hashrate contracts as a novel way for miners to secure short-term financing by selling their future hashrate. This approach aims to provide…
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The Bitaxe Machine offers open-source Bitcoin mining with customizable hardware and software. The Ultra model incorporates the efficient BM1366 chip, enhancing its power and accessibility. However, it’s important to note that Bitaxe Machines are not compatible with 5G frequency. Each model and version caters to specific needs and technical expertise in the competitive Bitcoin mining…
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According to a recent analysis by VanEck, Bitcoin’s value could skyrocket to $2.9 million per coin by 2050. This bold prediction is grounded in the expectation that Bitcoin will gain significant traction as both a global medium of exchange and a reserve asset. The report suggests that as traditional fiat currencies such as the U.S.…
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Several leading technology companies have articulated missions and engaged in initiatives that reflect a commitment to advancing human welfare through their technologies. Here’s an overview: OpenAI: OpenAI’s mission is to develop “safe and beneficial” artificial general intelligence (AGI) that benefits all of humanity. They emphasize safety and ethical considerations in AI development. Anthropic: Anthropic focuses…
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Michael Saylor, the prominent Bitcoin advocate and Executive Chairman of MicroStrategy, has consistently emphasized the transformative potential of Bitcoin in terms of digital energy. Saylor explained, “That entire wave – digital music, digital maps, digital messages that created the Apple, Amazon, and Facebooks – it didn’t include the transformation of digital energy. And the fundamental…
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Bankrupt Bitcoin miner Rhodium Enterprises has received court approval to secure a loan in either U.S. dollars or Bitcoin, allowing the company to choose between a $30 million loan or 500 Bitcoin from Galaxy Digital. This unique debtor-in-possession financing option comes as Rhodium faces mounting financial difficulties, having recently filed for Chapter 11 bankruptcy in…
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CleanSpark Inc. has acquired two Bitcoin mining sites in Wyoming, expanding its operational capacity by 75 MW. The first site, with 30 MW capacity, will employ high-efficiency S21 immersion XP mining machines and is set to be fully operational by end of 2024. CleanSpark’s CEO, Zach Bradford, emphasized the strategic importance of this move.
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Michael Saylor, co-founder and executive chairman of MicroStrategy, is scheduled to present a Bitcoin investment strategy to Microsoft’s board of directors before December 10. Saylor, a prominent advocate for Bitcoin adoption, has publicly encouraged Microsoft to integrate Bitcoin into its financial strategy, suggesting it could significantly enhance shareholder value. In a recent X Spaces discussion…
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Bit Digital, Inc., a New York-based company, has reported a significant shift in its revenue streams, with high-performance computing (HPC) services surpassing Bitcoin mining for the first time. In the third quarter of 2024, the company generated $12.2 million from HPC services, compared to $10.1 million from Bitcoin mining. The decline in Bitcoin mining revenue,…
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A recent opinion from Judge Sun Jie of the Shanghai Songjiang People’s Court has clarified that, under Chinese law, individuals are permitted to own cryptocurrencies like Bitcoin. Judge Sun stated that cryptocurrencies are considered virtual commodities with property attributes, making personal ownership legal. However, this recognition does not extend to commercial activities involving cryptocurrencies. Chinese…
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Bitcoin’s price trajectory has been observed to follow a power law distribution, a pattern commonly found in urban metrics such as GDP, number of patents, and crime rates. This similarity suggests that Bitcoin’s growth and stability may be influenced by principles governing complex systems like cities. Power laws describe relationships where a relative change in…
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Underclocking involves reducing a component’s clock speed below its factory settings. This practice aims to decrease power consumption and heat generation, which can be beneficial for extending battery life in portable devices or achieving quieter operation in desktops. However, the trade-off is diminished performance, as the component operates at a slower speed. Advantages of Underclocking…
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Young Americans aged 18 to 29 are grappling with a significant debt burden, collectively owing $1.12 trillion, as reported by the Federal Reserve Bank of New York. This substantial figure underscores the financial challenges faced by the younger demographic in the United States. Credit card debt constitutes a notable portion of this liability. In the…
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Coinbase has successfully conducted its first crypto transaction between artificial intelligence (AI) agents on its platform. This historic event marks a significant milestone in the integration of AI with blockchain technology. The transaction, which took place on August 30, 2024, involved one AI agent using crypto tokens to acquire AI tokens from another AI agent.…
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Michael Saylor, Executive Chairman of MicroStrategy, has expressed interest in assisting Rumble Inc., a video-sharing platform, with integrating Bitcoin into its financial strategy. Rumble’s CEO, Chris Pavlovski, recently conducted a poll on X (formerly Twitter), inquiring whether the company should add Bitcoin to its balance sheet. The poll garnered significant support, with approximately 29,000 respondents…
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Elon Musk, the CEO of Tesla, has successfully won the dismissal of a lawsuit that accused him and his company of manipulating the price of Dogecoin. The lawsuit, filed by a group of investors, claimed that Musk used his influence and social media presence to artificially inflate the price of Dogecoin, leading to significant financial…
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The traditional four-year Bitcoin cycle, characterized by predictable boom and bust phases, is undergoing significant transformation due to increased adoption by corporations and nation-states. Mark Harvey, a prominent engineer and cryptocurrency analyst, asserts that this cycle is now obsolete, citing several key developments. MicroStrategy Inc. (MSTR) has been at the forefront of corporate Bitcoin acquisition.…
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Thumzup Media Corporation, a publicly traded company on Nasdaq under the ticker TZUP, has announced its decision to allocate up to $1 million of its treasury reserves into Bitcoin. CEO Robert Steele emphasized that Bitcoin’s finite supply and resistance to inflation make it a robust addition to the company’s financial strategy. The board’s approval reflects…
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Core Scientific, a prominent player in the cryptocurrency mining sector, has announced plans to transform its Denton, Texas, Bitcoin mining facility into a state-of-the-art artificial intelligence (AI) data center. The $4 billion project aims to repurpose existing infrastructure to meet the growing demand for AI computing power. This strategic move reflects a broader industry trend…
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Undoubtedly, before September of 2024, one could ascertain that Michael Saylor and his company MicroStrategy, was an absolute failure for the past 20 years or so. Ultimately the question comes down to this, can you custody bitcoin in a safer manner than MicroStrategy? They have a custody partnership with Coinbase but I suspect that they…
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The United States Department of Defense has failed its annual financial audit for the seventh consecutive year, unable to fully account for its $824 billion budget. The audit, conducted by independent auditors, revealed that the Pentagon could not provide sufficient financial data to support a clean opinion, highlighting ongoing challenges in financial management and accountability.…
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The U.S. Securities and Exchange Commission (SEC) has issued a Wells notice to OpenSea, one of the largest NFT marketplaces, signaling its intent to pursue legal action. The SEC alleges that non-fungible tokens (NFTs) traded on the platform qualify as securities, marking a significant shift in the regulatory landscape. OpenSea CEO Devin Finzer confirmed the…
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MicroStrategy has ascended into the top 100 U.S. publicly traded companies by market capitalization, now valued at approximately $96 billion. This milestone reflects a 528% surge in its stock price this year, primarily driven by its strategic acquisition of Bitcoin. The company currently holds 331,200 BTC, valued at around $30 billion, underscoring the significant impact…
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Italy’s government has decided to reduce the proposed capital gains tax on cryptocurrency transactions from 42% to 28%, following significant feedback from industry stakeholders and political figures. The initial proposal, introduced in October 2024, aimed to increase the tax rate from the existing 26% to 42%, sparking widespread concern among investors and businesses within the…
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Gold prices have risen by 24% year-to-date, reaching a one-week high of $2,621.95 per ounce on November 19, 2024. This increase is attributed to a softer U.S. dollar and market anticipation of Federal Reserve interest rate decisions. Analysts at Goldman Sachs project that gold could reach $3,000 per ounce by the end of 2025, driven…
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Bart Mol, a Bitcoin Podcaster and innovator, has introduced a custom-built “Home Assistant dashboard” designed to streamline the monitoring of BitAxe mining operations. Unveiled on X.com, Mol shared the development, stating that his motivation stemmed from the challenge of tracking multiple BitAxes efficiently. Key Features of the Dashboard The dashboard showcases advanced metrics, such as…
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Coinbase has projected that the cryptocurrency sector could encompass 20% of the global GDP in the near future, drawing parallels to the rise of e-commerce in past decades. This expectation was expressed in a report highlighting the potential for crypto adoption to mirror the growth experienced by online commerce. CEO Brian Armstrong previously emphasized that…
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The history of U.S. median home prices tells a story of economic resilience and volatility. Beginning with steady growth in the mid-20th century, prices have responded to inflation, economic cycles, and shifts in supply and demand, leading to unprecedented levels in 2024. Examining these trends offers insight into the forces that continue to shape the…
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The median price of new homes in the United States, when measured in Bitcoin, has experienced a significant decline over the past decade. In 2012, purchasing a median-priced new home required approximately 50,616 BTC. By 2024, this figure had dropped to just 5 BTC. This trend reflects Bitcoin’s substantial appreciation against the U.S. dollar, outpacing…
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Detroit has announced plans to accept cryptocurrency payments for taxes and city fees starting in mid-2025, positioning itself as the largest U.S. city to embrace digital currencies for municipal transactions. The city will collaborate with PayPal to facilitate these payments. PayPal will handle the acceptance of cryptocurrencies such as Bitcoin and Ethereum, converting them into…
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Ethiopian Electric Power (EEP) announced that it generated over $25 million in revenue during the 2023/2024 fiscal year from electricity supplied to companies involved in data mining. This substantial income is part of EEP’s strategy to increase foreign currency earnings by billing domestic customers in U.S. dollars rather than Ethiopian Birr. Minilik Getahun, Manager of…
Bitcoin Versus 