Author: NBTC
BlackRock and Microsoft have partnered to form a new group that aims to create a $30 billion investment fund dedicated to artificial intelligence (AI) data centers. This move comes as demand for AI technology continues to surge, requiring vast computing power and energy to operate efficiently. AI Energy Demands Spark New Opportunities for Bitcoin Miners The fund aims to raise $30 billion in equity investments through BlackRock’s infrastructure unit, Global Infrastructure Partners (GIP). This will enable it to leverage an additional $70 billion in debt financing. Meanwhile, Microsoft, Abu Dhabi’s MGX, and chipmaker Nvidia will lead the project. They will…
The trading volume of derivatives on Cardano (ADA) has skyrocketed by 68% in the last 24 hours, according to data from CoinGlass. Thus, as perpetual futures data across all major crypto exchanges states, the volume of ADA trading in this particular space has reached $391 million to date. If we add here the spot market data from CoinMarketCap, where the volume also increased by 64% to $350 million, then the combined trading volume of the Cardano token is $740 million for the last 24 hours. If we try to compare this to the market capitalization of ADA, we get a…
Bitcoin’s recent market activity suggests a significant uptick in utility and circulation. As the price hovers just north of $66,000, the number of unique tokens transferred between wallets has notably increased. On a single day, 244,000 BTC circulated, the highest since March 5th, signaling a potential return to the activity levels observed during the bull run in Q1. 📊 As Bitcoin ranges just north of $66K, take note of the rising level of unique tokens being transferred between wallets. 244K BTC circulating in a single day was the most since March 5th. Utility is gradually returning back to levels last…
Ethereum creator Vitalik Buterin, known for his reserved and awkward nature, unexpectedly gave his speech at Singapore 2049 in the form of a concert, where he sang about the latest updates and his vision for the ecosystem. But as fun as it was, Vitalik actually dropped some vital information. He focused on the impact of Ethereum’s Layer-2 networks, specifically Optimism and Arbitrum, while crypto enthusiasts sat captivated. “Fees are lower, transaction speed is faster” Vitalik emphasized that transaction fees, once a major barrier to adoption, are now essentially zero on Layer-2 networks, down from $10 to $0.50 per transaction. He…
The FED left interest rates unchanged at 5.25-5.50 percent in July, as it has for over a year. Following the July decision, markets are now awaiting the September interest rate decision. When Will the September FED Interest Rate Decision Be Announced? While the most critical FED interest rate decision of 2024 is expected to have an impact on gold, dollar, oil, Bitcoin (BTC) and cryptocurrencies, the FED will announce its September decision on September 18, that is, today at 21:00 Turkish time. After the decision, FED Chairman Jerome Powell will make a statement, and Powell’s statements are also of great…
Floki has officially become a partner of Nottingham Forest Football Club for the upcoming 2024/25 Premier League season. The partnership is a major step for Floki, bringing it closer to one of the most popular sports leagues in the world. The deal comes just days after Floki unveiled an extensive Valhalla marketing campaign in the Premier League, meaning both Floki and Valhalla will now have a joint presence in the league with a huge global audience. As an official partner, Floki will receive three minutes of on-camera LED advertising during every Nottingham Forest home game, offering reach to millions of…
Bitcoin is now the most dominant force in the crypto market, surpassing 53% of the total crypto market—stronger than it has been in three years. Bitcoin’s market cap now stands at $1.27 trillion, according to CoinGecko data. By contrast, crypto’s total market cap is $2.43 trillion, with 15.9% of the market occupied by Ethereum, worth $389 billion. The upward climb of Bitcoin dominance this year is an unusual one, given that altcoins usually thrive better than Bitcoin in a bull market environment. Although meme coins did make a strong comeback during Bitcoin’s surge to all-time highs earlier this year, the…
Ethereum price started a fresh upward move above the $2,335 resistance. ETH is now aiming for more upsides above the $2,420 resistance. Ethereum started another increase from the $2,280 resistance. The price is trading above $2,350 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,310 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,420 resistance to continue higher in the near term. Ethereum Price Aims Higher Ethereum price formed a base near $2,280 and started a fresh increase like Bitcoin. ETH was able to…
Borderless Capital has unveiled its third DePIN fund with $100 million in backing. The fund counts DePIN-focused blockchain Peaq amongst its investors, as well the Solana Foundation and Jump Crypto amongst others. Investment manager Borderless Capital has unveiled its third decentralized physical infrastructure (DePIN) fund with $100 million in backing. The fund counts DePIN-focused blockchain Peaq amongst its investors, as well the Solana Foundation and Jump Crypto amongst others, Borderless announced via email on Wednesday. DePIN refers to physical infrastructure networks built using blockchain technology and token incentives which other projects can use without having to buy and run their…
The distribution of tokens will be based on three main criteria: Honesty, Diligence and Score. [OverProtocol: Who is eligible for airdrop] Airdrop opportunities: Who can claim?@over_wallet : Those who have passed Sybil detection. The airdrop amount depends on your OverWallet points, friend cards, and testnet activities. Q. What if I didn’t pass Sybil detection?A.… — Over Protocol🌐 | Validate-to-Earn (@overprotocol) August 16, 2024 This initiative seeks to build a strong community and facilitate the use of its services, rewarding those who have demonstrated a genuine commitment to the project. For OverWallet users, eligibility for the airdrop is conditional on passing…