Challenges in Transitioning Mining Operations to AI Data Centers Phil Harvey, CEO of Sabre56, shared insights regarding the challenges faced by Bitcoin miners as they consider shifting towards AI data centers. During the current market cycle, he predicts that these miners will bring in approximately $1.50 in revenue per terahash monthly. With Bitcoin mining firms […]
The Influence of Cryptocurrency on Voter Behavior: A Political Science Perspective Recent surveys indicate that former President Donald Trump is leading in popularity among cryptocurrency investors regarding the upcoming presidential election. However, researchers are divided on the significance of this demographic’s influence. Political scientists are grappling with the role of the “crypto vote” as the […]
Bitfarms Addresses Riot Platforms’ Suggested Board Alterations Bitfarms has issued a response to Riot Platforms following the latter’s public letter addressing recent changes to its board of directors, describing these modifications as a beneficial initial step but indicating that further changes are necessary. Mining company Bitfarms has reacted to an open letter from Riot Platforms […]
Bitcoin Faces Delay as It Remains 10% Down Post-Halving Bitcoin’s recent price performance has raised concerns among traders, with popular analyst Peter Brandt offering a candid evaluation of the situation. Observations from Peter Brandt Bitcoin (BTC) is experiencing a historically slow recovery, failing to achieve a new all-time high after its latest halving, as noted […]
Understanding the Impacts of Pi Network on Users and Their Relationships While cryptocurrencies can offer opportunities for profit, they may also lead to addiction, straining personal relationships. A South Korean student, YSM, who chose to remain anonymous, shares his family’s challenges stemming from their involvement with an app named Pi Network. Despite YSM’s skepticism regarding […]
Former Mt. Gox CEO Announces Launch of EllipX Crypto Exchange in Europe Mark Karpeles, the ex-CEO of the now-defunct Mt. Gox cryptocurrency exchange, is set to introduce a new cryptocurrency exchange named EllipX in September. Based in Poland, EllipX will initially focus on serving users across Europe, with future plans for global expansion. The platform […]
Bitcoin Price Forecasts and Market Reactions As Bitcoin trades below $56,000, investors are cautiously assessing risk assets amid ongoing market fluctuations. Nvidia’s Impact on Bitcoin Prices On September 4, Bitcoin (BTC) approached its monthly lows as the cryptocurrency market reacted to a significant downturn in U.S. tech stocks. BTC/USD 4-hour chart. Source: TradingView Data from […]
Surge in Bitcoin ATM Scams: A 1,000% Increase Since 2020 The rapid rise of scams involving Bitcoin ATMs has raised alarms, particularly affecting older individuals. Authorities, alongside industry leaders, are emphasizing the need for awareness and preventive tactics. Reports indicate that scams associated with Bitcoin ATMs in the United States have surged tenfold since 2020, […]
Japan’s Financial Regulator Proposes Lower Crypto Taxes by 2025 The Financial Services Agency (FSA) of Japan has put forth a plan aimed at revising the country’s tax code, which includes a proposal to reduce the tax rate on crypto assets starting in 2025. On August 30, the FSA requested tax reforms specifically addressing the treatment […]
Potential Impact of US Fed Rate Cut on Bitcoin Price: Analysts Weigh In According to analysts at Bitfinex, the anticipated interest rate cut by the US Federal Reserve could lead to a decline in Bitcoin’s value, presenting a challenging scenario for traders. Instead of boosting market sentiment, this decision might push Bitcoin’s price downward. Analysis […]
