Author: NBTC
Colorado-based Bitcoin mining company Revolve Labs has announced plans to build a $60 million data center in Glencoe, Minnesota, as part of its effort to expand its mining capacity. The proposed facility would include one or two AI data centers, cooling systems, and backup generators, according to the Minnesota Star Tribune. Its goal is to bolster the company’s ability to process Bitcoin (BTC) transactions while addressing local concerns about noise pollution. The facility, currently in the preliminary planning stages, would employ around 10 people and could cost between $40 million and $60 million. The company discussed the project in a…
American financier and CEO of the SkyBridge Capital investment fund, Bitcoin bull Anthony Scaramucci has addressed talked about his recent informal meeting with another big name in the crypto space -Michael Saylor. Scaramucci teased his new book on Bitcoin too. Saylor contributes to Scaramucci’s new book Founder and CEO of SkyBridge Capital Scaramucci has taken to his X account to mention his recent meeting, an informal one judging by the sound of it, with the co-founder of MicroStrategy giant Michael Saylor. The latter has managed to reinvent himself as a prominent Bitcoin supporter in the corporate world during the past…
The decentralized finance (DeFi) landscape is experiencing substantial growth in total value locked (TVL), with many projects showcasing impressive weekly increases. Among the leaders in this surge, Phoenix Group (PNXGRP) tops the list, indicating a robust expansion in the DeFi sector. TOP PROJECTS BY WEEKLY #TVL GROWTH$AAVE $CGPT $CFG $AVAF $MPL $DEAI $TAIKO $LISTA #API3 $NOTE $STEP $OGN $VCX $WIGO $PENDLE pic.twitter.com/5wLSzAgYRb — PHOENIX – Crypto News & Analytics (@pnxgrp) October 20, 2024 According to latest data, Phoenix Group’s TVL has increased by a staggering 144.55% over the past month, demonstrating a significant influx of investments and user trust. With…
A significant amount of Ethereum is being held by entities not actively spending or moving their funds. According to the latest CryptoQuant data, the total number of Ethereum (ETH) in accumulation addresses surpassed 19 million. As of Oct. 18, the total amount of Ethereum in accumulation addresses almost doubled in comparison to January 2024. During the first month of 2024, this metric stood at 11.5 million. At least one analyst believes that this number will surpass 20 million by the end of the year. Why? Ethereum ETF approval “In early 2024, Ethereum Spot ETFs were officially approved, marking a new…
The cryptocurrency market traded in the green over the past few sessions amid the recovering global economy. As digital assets stole the show with significant surges over the past week, Arbitrum (ARB) was among the top performers, outshining Bitcoin’s 6.35% weekly gain with a 20% increase on its seven-day chart. While the altcoin market cooled after significant gains, Arbitrum developers announced the successful completion of the ArbOS 32 upgrade on Arbitrum One, Nova, and Sepolia. These developments added to ARB’s ongoing recovery, extending the altcoin’s upside journey. Arbitrum Developers (💙,🧡) The upgrade to ArbOS 32 has completed on Arbitrum One,…
Decentraland’s, a decentralized virtual reality platform built on Ethereum blockchain, highly anticipated 2.0 beta release is set for October 22, 2024. After being under development for nearly an year, this upgrade marks a significant development in the virtual world, as it is focused on enhancing user experience with improved graphics and performances. Save the date 🚀Decentraland 2.0 Beta coming October 22 pic.twitter.com/EHAef5VCKr — Decentraland (@decentraland) October 16, 2024 Decentraland 2.0 Beta Release Announced (Source: X Post) What is Decentraland? Decentraland is a blockchain-based metaverse, where users can create, explore, and trade digital assets. It empowers users through ownership and governance…
Despite the partisan divide in crypto, many investors believe Bitcoin will reach six figures regardless of the U.S. presidential election outcome. Bitcoin (BTC) is poised to reach six figures over the long term, no matter who wins the U.S. presidential election, according to Steven Lubka, head of private clients and family offices at Swan Bitcoin. Amid growing political polarization in the cryptocurrency industry, many investors now believe Bitcoin will continue to thrive, even as optimism from former President Donald Trump‘s pro-crypto statements fades. In an interview with CNBC, Lubka said he still “certainly” believes that Bitcoin will surpass the $100,000…
We are witnessing the development of the DeFi sector and the constant changes in the Ethereum burn rate, which has contributed to reduced supply and price fluctuations. The recent report from Pheonix Group also reveals the leading contenders in the category of ETH burners, with Uniswap, MetaMask, and 1inch taking the lead. TOP #ETHEREUM BURNER #DEFI PROJECTS#Uniswap $UNI #1Inch #Metamask #0xProtocol $ZRX #GnosisChain #Pendle #KyberSwap #Aave $AAVE #Paraswap #Tokenlon $LON pic.twitter.com/VDX4iPh02o — PHOENIX – Crypto News & Analytics (@pnxgrp) October 20, 2024 Uniswap: Dominating the Burn Charts Uniswap is a decentralized exchange through which users can swap tokens effortlessly; it…
Ex-Goldman Sachs executive Raoul Pal says that the non-fungible token (NFT) sector is still relevant and due for a big resurgence. In a post on the social media platform X, Pal says NFT technology is “profound,” and he sees the crypto sector mounting a comeback in many forms. “NFTs aren’t dead. The technology is profound. They will be back in a multitude of formats with art being the first true PMF (product market fit) but many more will follow. An over-the-counter derivative or private loan for example are perfect use cases for NFTs, as are tickets, amongst a few examples.”…
The latest market statistics point toward a likely breakout for Ethereum ($ETH). As per Ali Martinez, a popular crypto analyst, the current outlook of Ethereum highlights the possibility of a significant breakout as the crypto token may soon spike to a substantial price level of up to $3,300. The analyst took to his official social media account to discuss the present market status of Ethereum. #Ethereum appears to be breaking out! As long as the $2,660 support holds, $ETH could rise to $3,300! pic.twitter.com/6pfcRyyiaP — Ali (@ali_charts) October 20, 2024 Ethereum to Reach the Predicted $3,300 Spot, Says a Crypto…