$6.6K: Bitcoin Price Eyes New Target for Bull Reversal

The rapid proliferation of AI data centers may have a positive impact on the bitcoin mining industry. AI data centers are just as hungry for cheap energy as miners are, so they reduce the number of new mines being spun up. Down the line, cheap electricity may be in such short supply that hashprice will

To answer the question: No, President Joseph Biden is not suddenly a backer of Bitcoin. But the octogenarian politician’s social media team is appropriating the imagery of hardcore Bitcoiners, after posting an image of the U.S. president with laser eyes on Twitter/X.This is an excerpt from The Node newsletter, a daily roundup of the most

Tether was one of the first cryptocurrencies to peg its market value to a fiat currency. Launched in July 2014, Tether, originally called “Realcoin”, valued each token at $1.00 to reduce the friction of moving real currency throughout the cryptocurrency ecosystem. Due to its dollar peg, Tether and other similar cryptocurrencies have been dubbed “stablecoins”.…

Featured SpeakerDeep Dive: EthereumProtocol VillageAustin Convention CenterJoin an hour long exploration of the advancements defining the Ethereum community in 2023.Margaux Nijkerk reports on blockchain protocols with a focus on the Ethereum ecosystem. A graduate of Johns Hopkins and Emory universities, she has a masters in International Affairs & Economics. She holds a very small amount…

State Street, one the largest institutional custodians on the planet, said there is no sense of urgency – at the moment, at least – from clients for the firm to move into safeguarding crypto assets. Speaking at the American Banker BlockFS conference in New York on Thursday, Jay Biancamano, State Street’s managing director for digital product…

Cryptocurrency investment firm Multicoin Capital is in talks to sell its FTX bankruptcy claim, which has a value of roughly $100 million, according to a person familiar with the plans.Positive news around the FTX bankruptcy has seen claims being sold for upward of 70 cents on the dollar and climbing towards the eighties.Firms like Multicoin

Miners earned over $1.1 billion in January. Monthly bitcoin miner revenue since January 2016Feb 2, 2021 at 7:31 p.m. UTCBitcoin Miners Saw Revenue Rise 62% in January From DecemberBitcoin miners generated an estimated $1.1 billion in revenue in January, up 62% from December, according to on-chain data from Coin Metrics analyzed by CoinDesk.The surge in…

Apr 27, 2020 at 16:00 UTCThe halving is driving up BTC's price while regulators around the world are looking more closely at crypto. It's CoinDesk's Markets Daily Podcast.Today's stories:For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.Disclosure Read More The leader in blockchain news, CoinDesk is a media outlet that…

Singapore users can pay using five cryptocurrencies while using the super app Grab, The Straits Times reports.Grab’s latest move has been made possible after its tie-up with payments firm Triple-A.Grab is letting users make payments via cryptocurrencies, the super app's crypto payments partner, Triple-A, said in a statement.The super app offers ride-hailing, food delivery and