Author: NBTC

The publicly traded bitcoin mining company Cleanspark has exercised its option to acquire 100,000 bitcoin mining machines from Bitmain. The firm initially secured the option last year, and the agreement has now been enhanced to include the latest S21 Pro model from Bitmain, which offers 15 joules per terahash (J/T). Bitmain and Cleanspark Seal Deal for 100,000 High-Efficiency Miners On Friday, Cleanspark (Nasdaq: CLSK) disclosed that its operations have surpassed a total hashrate of 17 exahash per second (EH/s). Back in January 2024, the company announced the acquisition of 60,000 application-specific integrated circuit (ASIC) bitcoin mining rigs and mentioned its…

BVM, a Bitcoin layer 2 project, will release a platform called Truly Open AI, allowing users to deploy AI models on the blockchain for use in crypto applications. The AI’s storage model was built in collaboration with Filecoin, Near, Avail, Polygon, and Syscoin. Bitcoin Virtual Machine (BVM), the Bitcoin layer 2 project, will soon release a platform that allows users to spin up artificial intelligence (AI) models, developer punk3700 told CoinDesk in a message on Tuesday. The new feature, called Truly Open AI, will let users float AI models on the blockchain for use in crypto applications. An AI model…

During the Chainalysis Links conference held in New York, Cantor Fitzgerald CEO Howard Lutnick claimed that he supports “properly backed stablecoins,” citing Tether’s USDT and Circle’s USDC as major movers in the market. Lutnick claims that stablecoins represent a beneficial and fundamental instrument for the US economy, noting that the tokenization of financial assets will likely increase over the next decade as stablecoin usage expands globally. “Dollar hegemony is fundamental to the United State of America. It matters to us, to our economy,” Lutnick said in the conference. “That’s why I’m a fan of properly backed stablecoins. I’m a fan…

As the price of the flagship cryptocurrency Bitcoin ($BTC) surged to a new all-time high above the $73,000 mark earlier this month, interest in the cryptocurrency on internet searches also surged, eclipsing pop music titans Taylor Swift and Beyoncé in Google popularity. According to data from Google Trends, Bitcoin’s recent price rally to record highs has propelled searches for the flagship cryptocurrency to their highest level in over a year, attracting more interest from internet users than both music stars combined over the past week, as Bloomberg reported. Source: Google Trends Bitcoin’s price surged to a new all-time high after…

Following the higher-than-expected US inflation data today, the FED minutes, which the entire cryptocurrency market and traditional markets focused on, were finally published. The minutes in question belong to the meeting in March where the FED left interest rates constant. Here are the most important sections from the minutes published by the FED: FED minutes show that there is uncertainty about the continuity of high inflation. Almost all FED officials found it appropriate to cut interest rates this year. Almost all of those who attended the FED’s meeting on March 19-20 were of the opinion that it would be appropriate…

Bitcoin price struggled to recover above the $68,800 resistance. BTC is now moving lower and there is a risk of more downsides below the $65,000 support. Bitcoin price is struggling to start a fresh increase above the $68,000 zone. The price is trading below $68,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $67,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $68,000 resistance zone in the near term. Bitcoin Price Faces Resistance Bitcoin price attempted…

In light of the higher-than-expected inflation figures in the USA, FED official Barkin and US President Joe Biden made separate statements on the subject. Barkin expressed that he was optimistic about the progress made on inflation and said, “I think we have made a lot of progress on inflation.” Addressing the issue of artificial intelligence, Barkin predicted, “Artificial intelligence will develop rapidly and replace some jobs.” Despite concerns in some quarters, Barkin dismissed the idea that commercial real estate (CRE) poses a systemic risk. “I don’t see any suggestion that CRE is a systemic risk,” he said. In his latest…

A closely followed crypto strategist thinks that it’s about time for Bitcoin (BTC) to steal liquidity from altcoins. Pseudonymous analyst Credible tells his 382,300 followers on the social media platform X that a parabolic rally to a six-figure price tag is in sight for Bitcoin. “It’s time for alts to make way for king BTC again. Who’s ready to get this parabolic show on the road?” Source: Credible/X Credible uses the Elliott Wave theory, which states that a bullish asset tends to complete five-wave rallies before a period of consolidation. Looking at the trader’s chart, he seems to predict that…

Brevan Howard’s BH Digital crypto fund emerges as a standout performer so far in the hedge firm’s ecosystem, boasting gains of nearly 35% in Q1. BH Digital, a Brevan Howard crypto fund that manages $1.7 billion, returned 34.5% in Q1, outpacing the hedge firm’s flagship Master Fund, according to a Bloomberg report, which cites people familiar with the matter as a source. With the latest performance data, BH Digital gained over 50% since the fund started trading in March 2022, the people added. As per the report, Master Fund — manages around $12 billion and invests in equities, fixed income,…

The so-called Coinbase premium has evaporated, indicating a weaker stateside buying pressure. At press time, bitcoin was trading at $64,000, down over 12% from record highs reached last week. A market dynamic that characterized bitcoin’s (BTC) recent rally to record highs has changed, signaling a weaker stateside demand for the leading cryptocurrency. The seven-day moving average of the so-called Coinbase Premium indicator, which tracks the spread between bitcoin’s prices on the Nasdaq-listed Coinbase (COIN) exchange and the offshore giant Binance, has flipped negative, according to data tracked by CryptoQuant. In other words, bitcoin is now trading at a discount on…