Author: NBTC
Miners listed in the U.S. have an advantage over private peers as they can raise capital easily, the broker said. Bernstein said it sees the large publicly traded U.S. bitcoin miners as consolidators in the sector. Leading miners should focus on growing market share and increasing their hashrates, the report said. Bitcoin (BTC) miners listed in the U.S. have a large advantage over their unlisted peers because their easier access to funding offers them more financial options than privately held firms or those that trade elsewhere, broker Bernstein said in a research report on Monday. “Being able to raise debt/equity…
Several days of mostly quiet price action came to a fast end during U.S. trading hours Thursday afternoon, with cryptocurrencies suddenly plunging and sending bitcoin (BTC) to its weakest level since just after the early August market panic. At press time, bitcoin was changing hands at $57,700, down nearly 3% from its price just about an hour earlier. Other majors saw even steeper declines, including ether (ETH) and solana (SOL). The broad market gauge CoinDesk 20 Index was lower by 3% from 24 hours ago. Summer 2024 has been notable for two previous panicky declines, the first of which occurred…
According to one analyst, a significant drop in transaction fees on the Ethereum network could signal a bullish trend for ETH. “Any time ETH gas fees bottom, it usually signals a price bottom in the medium term,” said Ryan Lee, chief analyst at Bitget Research. Lee also suggests that ETH prices tend to recover strongly after such a cycle, and if this coincides with interest rate cuts, the market’s growth potential increases. Gas fees, the fee users pay to transact on the Ethereum network, recently dropped to as low as 0.6 gwei, with low-priority transactions costing just 1 gwei or…
Shytoshi Kusama, the lead developer of the Shiba Inu ecosystem, hints at plans to reveal his identity at today’s IVS Crypto event in Kyoto. According to the post, Kusama teased plans to engage in his first-ever meet-and-greet with Shiba Inu community members during the ongoing IVS (Infinity Venture Summit) event in Kyoto, Japan. The lead developer disclosed that he would be at Shiba Inu’s dedicated booth at the event today at noon for the meet-and-greet session. “I’m excited to meet you all in Kyoto #shibarmy,” Kusama remarked. See you tomorrow at around noon in the @IVS_Official Shiba Inu booth for…
A recent court order in Dubai appears to have legitimized salary payment using crypto, but some experts point to unanswered questions. It is unclear whether the ruling will be appealed. A Dubai court ordered a company to compensate a worker through a cryptocurrency token, as stipulated in the employment contract, a legal precedent that raises several questions even as it lends some legitimization to crypto in the region. The ruling does not, however, necessarily mean crypto is legalized for salary payments in general, two Dubai-based lawyers told CoinDesk. “The ruling merely recognises a specific Virtual Asset (EcoWatt Tokens) as being…
FinalSpark’s AI biocomputers operate at 100,000 times the efficiency of silicon-based systems. Organic AI biocomputers by FinalSpark have a lifespan of 100 days. Rental human brain cell-powered AI access is now available for $500/month. A Swiss technological firm, FinalSpark has introduced a service that provides scientists with biocomputers derived from human brain cells, which are hosted in clouds and cost $500 per month. This new technique offers a low-cost training tool for non-deep learning-based AI models, which should make the most of the power of AI with less energy demand, as solutions based on deep learning do. Advancing AI with…
The price of Bitcoin, the leading cryptocurrency, recently experienced abnormal volatility, plunging to an intraday low of $57,002. According to data provided by CoinGlass, more than $120 million worth of crypto has been liquidated over the past 24 hours alone. Pseudonymous Bitcoin trader @Alejandro_XBT, who boasts more than 120,000 followers on the X social media platform, has predicted that the Bitcoin price could potentially test the $30,000 level. The chartist drew parallels between Bitcoin’s current price action and 2022. However, it is worth noting that the FTX collapse was a major bearish catalyst since the entire industry appeared to be…
thereum’s (ETH) price remains stuck below a key resistance level that could open the door for a push toward $3,000. However, hesitant investor sentiment is stalling the recovery, preventing ETH from gaining the momentum needed to break out. Ethereum Investors Stand Unsure Ethereum’s price could continue its sideways movement or slow recovery owing to the uncertainty among investors. The Net Unrealized Profit/Loss (NUPL) indicator recently came close to slipping into the Fear zone, which reflects a significant decline in investor optimism. The near-dip into the Fear zone signals rising caution among market participants, who are increasingly concerned about a potential…
Rusty Kaspa nodes now dominate 98.83% of the Kaspa mainnet. Kaspa achieves a groundbreaking 10 BPS on its testnet. Rusty Kaspa nodes have taken over 98.83% of the Kaspa mainnet in just 1.5 months after their debut. Developers are improving the efficiency and user experience of the network concurrently as they get ready for 10 Blocks Per Second (BPS) capabilities. This comes amid a period of notable volatility in the crypto market. 🔥In just 1 1/2 months from launch, #RustyKaspa nodes are 98.83% of mainnet!🔥#Kaspa Devs are preparing for #10BPS and working on significant improvements in experience and efficiency.More details…
In a recent address in New Hampshire, GOP candidate Donald Trump reiterated his stance against the potential introduction of a central bank digital currency (CBDC) in the United States. Speaking ahead of the state’s upcoming primary election, Trump emphasized his intent to protect Americans from what he described as “government tyranny.” According to familiar sources, he pledged to oppose any effort by the Federal Reserve to issue a digital version of the U.S. dollar. Trump has also pledged to prohibit the Federal Reserve from issuing a crypto coin. Read more: https://t.co/J7MijoQ1XP — unusual_whales (@unusual_whales) August 19, 2024 Fed Exploration of…