Author: NBTC
U.S. crypto miners relying on Bitmain hardware are seeing shipment delays as customs officials increase scrutiny amid trade tensions. Crypto mining firms in the United States are facing delays in getting new equipment as customs officials tighten checks on shipments from Bitmain, the top supplier of Bitcoin (BTC) mining rigs. Beijing-based Bitmain dominates the market for specialized mining rigs, but its deliveries to U.S. clients have been slowed down by increased scrutiny, Bloomberg reports, citing industry executives who have noticed more frequent inspections. “U.S. Customs has started randomly inspecting almost all of the airlifted Bitcoin mining machines since about three…
Bitcoin, the king of cryptocurrencies, is often seen as a symbol of financial freedom. But recent discussions suggest Wall Street might be manipulating its price for their gain. Altcoin Daily recently shared insights on potential market manipulation and upcoming opportunities for Bitcoin. Interestingly, Bitcoin’s bull case this year can be greater than just a Bitcoin stockpile. There is a real possibility that Trump will implement not just a stockpile but also a strategic Bitcoin Reserve where the US starts the process of buying 1 million Bitcoin over the next 5 years. This is what the US Bitcoin Reserve bill spearheaded…
The US and the UK have not appended their signatures on an international agreement on AI during the global summit in Paris citing national security concerns among other reasons. Other countries signed the agreement which pledges to inclusive, open, and ethical development and deployment of the technology. However, the two countries believe there is too much emphasis on AI regulation, which is not healthy for the growth of the industry. The UK and US think otherwise According to BBC, a dozen other countries including China, France, and India, signed the AI declaration which is meant to support AI safety. The…
Peter Brandt, a notable market veteran, believes several Bitcoin traders could witness losses the next time BTC corrects. Brandt disclosed this as he warned traders about the dangers of over-leverage and unrealistic expectations, calling attention to the need to prepare for the possibility of severe market corrections. Brandt, who boasts over five decades of trading experience, pointed out the risks many investors face if they fail to account for potential downturns, particularly in the highly speculative crypto market. A Bitcoin 50% Correction is Possible The market veteran noted Bitcoin’s meteoric rise, spotlighting its incredible growth from $0.07 on Jan. 5,…
Binance announced plans to list aixbt by Virtuals (AIXBT), ChainGPT (CGPT), and Cookie DAO (COOKIE), making them available for spot trading. The exchange periodically adds or removes tokens from its product suite as part of its routine operations review. This ensures it progressively meets industry requirements sufficiently while delivering a high level of standard. Binance New Listings: AIXBT, CGPT, and COOKIE Three tokens, aixbt by Virtuals (AIXBT), ChainGPT (CGPT), and Cookie DAO (COOKIE), were on a tear on Friday, soaring by over 40% following the Binance listing announcement. AIXBT, CGPT, COOKIE Price Performances. Source: TradingView The outcome was expected as…
Bitwise CEO Hunter Horsley believes that Bitcoin scarcity is going to start to feel “dramatic” when the cryptocurrency becomes more mainstream. “There are estimated 58 million millionaires globally. There’s only enough Bitcoin for ~ 1 in 3 of them to have one,” he said. Is Bitcoin’s supply cap safe? As reported by U.Today, investment giant BlackRock recently caused controversy with a disclaimer in its educational video stating that Bitcoin’s maximum supply could be expanded beyond the aforementioned 21 million cap. Such suggestions are akin to heresy within the Bitcoin community since the cryptocurrency mainly derives its value from its scarcity.…
On January 9, 2025, several cryptocurrencies experienced significant price surges, with some projects witnessing triple-digit growth. Among the top daily gainers, Alpha Quark ($AQT) and Strike ($STRIKE) led the charge, boasting impressive price increases of 185.9% and 161.7%, respectively. These gains highlight the continued interest and demand for select altcoins, signaling robust market momentum as investors seek to capitalize on emerging projects within the crypto space. DAILY GAINERS$AQT +185.9% $STRIKE +161.7% $LFT +56.2% $GAS +28.1% $COAI +25.3% $KLV +24.9% $TT +22.2% $GRS +21.7% $ACS +21.1% $WAGMI +19.7%#dailygainers pic.twitter.com/2H9KeBSAIJ — PHOENIX – Crypto News & Analytics (@pnxgrp) January 9, 2025 According…
On Tuesday, a federal judge ruled in favor of Reuters’ parent company, Thomson Reuters, in their lawsuit against legal AI developer Ross Intelligence. U.S. Circuit Judge Stephanos Bibas said he was revising his 2023 summary judgment opinion on the case, court documents show. The ruling stems from a May 2020 lawsuit in which Thomson Reuters accused San Franciso-based Ross Intelligence of unlawfully copying content from its Westlaw platform to train its AI using data acquired from Michigan-based LegalEase Solutions. Since the launch of ChatGPT in 2022, media outlets, artists, and authors have expressed concerns that their content was being used…
Macro guru Luke Gromen thinks it would serve America’s best interest if President-elect Donald Trump delays signing an executive order to establish a Bitcoin (BTC) reserve. In a new interview with venture capitalist Preston Pysh, Gromen says it wouldn’t make sense for Trump to announce plans to accumulate Bitcoin right after being sworn into office. According to Gromen, investors would likely jump in to front-run the US government, sending Bitcoin higher before it has a chance to establish a position. Instead, the macro guru says it would be better for Trump to accumulate BTC behind the scenes while expressing his…
Shytoshi Kusama, the leader of the Shiba Inu ecosystem, suggests that the team could adopt an innovative approach to the launch of the highly anticipated token, TREAT. Kusama shared this perspective yesterday on X as the token edges closer to its launch. As reported earlier, TREAT, which will serve as the official reward token of the Shiba Inu ecosystem, will debut on January 14. In anticipation of TREAT’s debut, Kusama took to X to suggest that the ecosystem team would launch the token using an innovative approach. “The TREAT launch will be unlike any other launch we’ve done,” Kusama remarked.…