Author: NBTC
CleanSpark CEO Zach Bradford has said his company would be one of the industry’s most active acquirers around the Bitcoin halving. He wasn’t lying. The Las Vegas-based company said Tuesday it has bought five more bitcoin mining facilities in Georgia for nearly $26 million. The sites have a combined infrastructure capacity of 60 megawatts and are set to add about 3.7 exahash per second to CleanSpark’s operating hashrate. Read more: Buyers and sellers: How bitcoin miners are thinking about post-halving M&A“These sites not only enhance the load balancing capabilities for the local cities we work with, but lock in the…
Veteran trader Peter Brandt has recently spotlighted Bitcoin’s ongoing performance relative to gold, noting that while Bitcoin has been gaining ground, it has yet to surpass the highs it reached in 2021. Back in 2021, Bitcoin experienced a significant rally, reaching an all-time high of over $64,000 in April and then peaking again at nearly $69,000 in November. During these periods, Bitcoin’s performance against gold was particularly notable, with many analysts and investors drawing comparisons between the two assets as stores of value. Fast forward to March 2024, when Bitcoin rose to $73,750 based on optimism surrounding the Bitcoin halving…
Drift Protocol, a decentralized and open-source exchange platform on the Solana blockchain, has announced a unique collaboration. According to the platform, it is partnering with Ondo Finance (an institutional-level financial protocol) to incorporate RWA collateral into Solana DeFi. The company took to the social media platform X to reveal the news of this development. 🌐 Marking the first time yieldcoins can be used as collateral on a perpetuals platform, we are excited to announce that $USDY is now available as collateral on @DriftProtocol. Welcome to the Ondo Ecosystem, Drift! 🌐🌊 $USDY holders on @solana can now utilize their… https://t.co/r6CZGDVYm9 pic.twitter.com/OBHcP3winI…
FLOKI announces a bullish announcement of another major FLOKI listing. The new listing on NEXO opens doors for over seven million users to embrace FLOKI. Bullish sentiment for FLOKI continues to rise despite prolonged crypto market correction. Amidst the ongoing correction phase in the crypto market that had many crypto assets dip in price value and now have them moving in what looks like a steady sideways movement, Floki Inu announces another bullish crypto exchange listing for its beloved native crypto token FLOKI. $FLOKI has been listed on #Nexo!@Nexo, an award-winning digital asset platform established in 2018, prioritizes compliance with…
A Polymarket gambler in Taiwan is facing legal consequences for wagering on the outcome of the presidential election earlier this year. The individual, named Chen, used the Polymarket gambling website to bet 472.17 USDC on Ke Wenzhe’s victory in the presidential race and another 60.19 USDC on the Democratic Progressive Party’s (DPP) ability to win more legislative seats. After an investigation, Taiwanese authorities accused Chen of violating election laws but offered him a deferred prosecution, citing his guilty admission. The deferred prosecution details that between December 12 and 17 of the previous year, Chen accessed Polymarket through his mobile phone…
Bitcoin hashrate and difficulty may fall during the North American summer months as miners curtail some of their operations. Lower competition may provide some reprieve to miners who are already facing a profit squeeze due to the halving event, which reduced Bitcoin mining rewards by 50%. The unrelenting growth of Bitcoin’s (BTC) hashrate, or computing power of the network, may finally slow down, giving miners some reprieve as extreme summer heatwaves force curtailments of some operations. Miners have seen their profit margins squeezed in an already overcrowded sector after the halving cut their mining rewards by 50% while hashrate kept…
In a world where “talent is everywhere, opportunity is not,” the existing fiat monetary system perpetuates the divide between those with access and resources those without. Even in democratic societies, which have their own flaws, people generally enjoy stable currencies, freedom, and rule of law. These features create an environment rich with opportunities, where a person’s start in life doesn’t have to dictate where they end up. Bitcoin advocate and bestselling author Lyn Alden is a prime example of overcoming obstacles and taking advantage of the opportunities afforded by democratic societies. Despite experiencing homelessness for several years, she worked her…
Who remembers NFT in 2024? Maybe some Pudgy Penguin owners that also received ZK tokens. Others may have moved on to ordinals, hoping to start at the ground floor with a brand-new valuable collection. Older NFT, though, are not doing so well and are seeking ways to survive. At the peak of the NFT bull cycle in 2021, Punks reached a price floor of $500K. NFT minting was an anything-goes market, where it was the norm to sell whole collections in minutes, even before unveiling the images and the information about rare traits. Also Read: What is NFT Crypto: The…
VeChain has launched the innovative Charge2Earn application in collaboration with Tesla, offering rewards for sustainable driving practices. The Charge2Earn dApp allows Tesla owners to earn rewards by tracking their vehicle’s energy consumption and distance traveled. EVearn, developed in partnership with VeChain, is now live, offering a sophisticated platform where going green earns rewards. VeChain encourages its community to make eco-friendly choices, rewarding each sustainable action. This initiative aligns with VeChain’s objectives, as highlighted in previous CNF updates such as VeChain’s Ascendancy: Innovations and Ecosystem Expansion Propel Growth. Tesla owners are in for a treat, as detailed in a recent CNF…
Since 2023, the crypto industry has contributed $150 million in political donations to support pro-crypto governance. This influx of funding aims to influence policy and regulation in favor of cryptocurrencies. Ripple CEO Brad Garlinghouse recently stirred conversations by suggesting that candidates supporting crypto could attract substantial funding in the upcoming months. His remarks highlight the growing dominance of crypto donations in the US prudential elections in 2024. While Donald Trump used crypto donations as a political tool to win the elections, other candidates kept a low stance on crypto. You’ll hear this a lot more in the next few months…