Converting mining sites to AI data centers isn't seamless: Sabre56 CEO
According to CEO Phil Harvey, Bitcoin miners will average roughly $1.50 in revenue per terahash every month during the current market cycle.
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Law Decoded: The rivalry between central banks and global stablecoins, Oct. 9–16
Editor’s noteBlockchain technology has attracted regulatory attention since its inception. The security of the Bitcoin network despite the value of BTC in play has consistently proved the resilience of blockchain technology in maintaining records across a vast range of parties. However, many countries have determined that Bitcoin doesn’t behave as a currency at all, or…
NFTs ‘ten times better’ than traditional art, says Beeple’s $69M NFT buyer
Winner of landmark auction breaks down his investment thesis on NFTs. 640 Total views 27 Total shares Nonfungible tokens are “ten times better than their physical counterparts”, according to digital art collector MetaKovan.The pseudonymous art patron, who was recently revealed to be blockchain entrepreneur Vingaresh Sundaresan, bought the NFT of Beeple’s “EVERYDAYS: THE FIRST 5000…
Ethereum’s Merge won’t stop its price from sinking
Ethereum’s long-awaited Merge took place in September, shifting it from a legacy proof-of-work (POW) model to the sustainable proof-of-stake (PoS) consensus algorithm. Many observers expected Ether’s (ETH) price to respond positively as its daily emissions declined 90% with the halt of mining operations. However, the expected price surge never occurred. In fact, Ether has been down…
SkyBridge raises $100M for Algorand fund and files for crypto company ETF
Anthony Scaramucci revealed that SkyBridge currently holds $700 million worth of cryptocurrency. 2914 Total views 86 Total shares Alternative investment firm SkyBridge capital hopes to expand its crypto offerings, filing for a crypto-focused exchange-traded fund (ETF) on Tuesday and revealing plans for an Algorand fund at this week’s SALT conference in New York.Speaking to CNBC,…
Report all crypto transactions or face 5-year jail term in South Korea
Strict reporting rules for crypto businesses in South Korea are set to come into effect with existing firms given six months to comply or face stiff penalties. 3663 Total views 16 Total shares South Korea’s cryptocurrency regulatory space is set to become even more tightly regulated with the incoming laws on financial reporting for crypto…
The first-ever mining hardware marketplace just launched
This company presents an alternative to "sketchy" Telegram channels for second-hand mining equipment. 2271 Total views 20 Total shares Asic Jungle has launched a beta version of what it calls “the first-ever mining hardware marketplace” for cryptocurrency mining hardware. The company's CEO Artem Bespaloff told Cointelegraph that he has created a trusted platform for second-hand…
ETF analyst raises spot Bitcoin ETF approval chances in the US to 65%
The ETF analyst predicted that recent developments in the Ripple vs. SEC case and the upcoming Grayscale lawsuit would be crucial to the first spot Bitcoin ETF approval. 1051 Total views 6 Total shares The chances of approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States have now increased to 65%…
Aid for Ukraine’s $54M crypto fund buys vests, scopes, and UAVs
The crypto donations have played a “significant role in Ukraine’s defense,” a Ukrainian government official wrote. 50 Total views 3 Total shares The crypto community has poured in an impressive $54 million worth of crypto funds through “Aid For Ukraine," aimed at supporting the country's military efforts against Russia, the Ukrainian Deputy Prime Minister has…