Author: NBTC

Jan 31 (Reuters) – Toronto-based bitcoin miner Bitfarms (BITF.TO), opens new tab has enlisted two consultants to explore how it can transform some of its facilities to meet the growing demand for artificial intelligence data centers, it said on Friday. WHY IT’S IMPORTANT Crypto miners often own large plots of land and significant power resources — assets that are also crucial for high-performance computing (HPC) and AI data centers. To capitalize on the AI boom, many miners have begun to repurpose parts of their operations into data centers, given they already have most of the infrastructure. Critics of the approach,…

Bitcoin has bounced back to $94,000 following reports that Donald Trump is preparing to sign pro-crypto executive orders on his first day in office. These orders could overturn key regulatory measures, including the SEC’s Staff Accounting Bulletin 121 (SAB 121). Trump is Reportedly Preparing to Overhaul Crypto Regulations Starting Day One According to The Washington Post reports, the orders are expected to address major challenges faced by the crypto industry, such as banking restrictions and the controversial SAB 121. This SEC bulletin requires companies holding cryptocurrencies for clients to record those assets as liabilities on their balance sheets. “The SEC…

The European Union is accelerating its digital euro initiative in response to a recent executive order from the U.S. President Donald Trump. The order, which promotes the expansion of U.S. dollar-backed stablecoins globally, has intensified concerns in the eurozone about the growing influence of the dollar. With USD stablecoins already comprising 97% of the worldwide market, European policymakers worry that their increasing adoption could diminish the euro’s role in international finance. Officials at the European Central Bank have voiced apprehensions regarding the impact on the banking sector. ECB board member Piero Cipollone, on January 24, noted that stablecoins could attract…

The $59.4M SOL transfer showcases the significant impact whales have on market dynamics, as their movements often hint at broader market trends or strategic shifts. The large transfer into Solana suggests rising confidence in its blockchain, potentially pointing to staking opportunities or strategic diversification. Speculation about links to Trump Coins highlights how interconnected crypto markets are, with portfolio rebalancing driving significant fund movements. An extensive transfer of 216 thousand SOL worth close to $59.4 million has been recognized by cryptocurrency experts and traders.Such a big transaction triggered other people’s speculations about the possibilities of some whales selling Trump Coins to…

Takumi Niwa, a 30-year-old Japanese table tennis star and 2021 Tokyo Olympic bronze medalist, was arrested on suspicion of illegal online gambling using crypto. Japan’s Olympic Star Involved in Crypto-Driven Online Gambling According to the Chiba Prefecture Police, the Olympic medalist was transferred to the prosecutor’s office on the 29th after he admitted the relevant charges during the voluntary interrogation. As per local media outlets, Niwa allegedly placed bets on sports game outcomes through overseas online casinos, which are banned under Japanese law. During voluntary questioning, he reportedly admitted to the charges, stating, “I didn’t know it was illegal, and…

TRIV, an Indonesian crypto exchange, has launched TRIV Crypto Futures, in partnership with Commodity Futures Trading Supervisory Agency and the Indonesian Crypto Exchange. On Jan. 30, TRIV has launched a new feature on their crypto trading application, TRIV Crypto Futures. Indonesian traders can now access the futures market in accordance with local regulations and trading standards. With the launch of TRIV Futures, TRIV platform users can now trade crypto derivatives with a variety of crypto assets such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and others. The platform offers up to 25x leverage on its perpetual contracts, which could increase…

Bitcoin (BTC) briefly lost the $90,000 level to hit $88,900 on Jan. 13 after falling nearly 7% amid the macroeconomic uncertainty gripping the markets, according to Bitfinex’s latest Alpha report. The report noted that the price drop coincides with a reversal in market sentiment. Spot Bitcoin exchange-traded funds (ETFs) experienced net outflows on 7 of the last 12 trading days. Despite a strong start to the year, marked by nearly $1 billion in inflows on Jan. 3 and Jan. 6, momentum reversed with $718 million in outflows on Jan. 8 and Jan. 10. These developments coincide with macroeconomic pressures, including…

Jim Cramer, host of Mad Money and former hedge fund manager, is known for his bold financial takes. As one of the most influential voices in the market, Cramer has both fans and critics who follow his commentary closely. Recently, Cramer turned his attention to Nvidia (NASDAQ: NVDA), a company he’s supported in the past—going so far as to name his dog after the semiconductor giant. In a January 28 post on X (formerly Twitter), Cramer advised caution, stating it was still “too early to buy” Nvidia stock. He warned that more sellers needed to be “cleared out” and that…

The cryptocurrency market witnessed an impressive day of gains across various tokens on January 19, 2025, with the standout performer being $TRUMP, which soared by 251.7%. Several other tokens also posted significant gains, marking a bullish trend in the sector. The data provided by Phoenix Group highlights the top daily gainers, reflecting diverse projects driving market activity. DAILY GAINERS$TRUMP +251.7% $SWAP +106.6% $NEST +59.6% $AKI +57.0% $ELON +36.8% $XTER +36.0% $JUP +28.1% $UOS +24.6% $BKN +21.7% $SOL +15.5%#dailygainers pic.twitter.com/E2KXqRtPXH — PHOENIX – Crypto News & Analytics (@pnxgrp) January 19, 2025 $TRUMP emerged as the leader in the crypto market, posting…

Phuket’s crypto sandbox is set for 2025, but new reports suggest Thailand’s government may also be quietly exploring stablecoins. On Jan. 30, reports emerged that Thailand’s Finance Minister, during a meeting with the Securities and Exchange Commission, revealed that the government is exploring the possibility of issuing stablecoins backed by government bonds, according to sources from Jinshi. However, it’s important to note that this information has not been officially confirmed. This move follows statements made by Thailand’s former Prime Minister, Thaksin Shinawatra, who, at an event in Bangkok on Jan. 13, encouraged the country’s financial institutions to adopt a more…