Bitcoin mining used to be only about one thing: making money while powering the world’s biggest digital monetary network. But now, the entire industry seems to be undergoing a major transformation. To adapt and survive in a fast-changing tech world, miners are pivoting to artificial intelligence (AI) and high-performance computing (HPC). A report by Bitfinex
Traders betting on a Trump-fueled supercycle got a brutal reminder. Bitcoin’s sharp drop below $100,000 sparks a cascade of liquidations across crypto markets, wiping out $850 million (₱49.6 billion) in leveraged positions over 24 hours. What’s the significance: The sell-off hammered AI-related tokens and memecoins hardest, made worse by a broader tech stock downturn sparked
Litecoin ($LTC) has been pumping sharply over the last 24 hours, as the US SEC showed a response to a Litecoin spot ETF application. Litecoin ($LTC) is a decentralized cryptocurrency founded by Charlie Lee in 2011 as a faster and lighter alternative to Bitcoin. We can call the Litecoin blockchain a copy of the Bitcoin
According to revised accounting standards, Tesla’s digital assets now amount to $1.08 billion, indicating a mark-to-market gain from its bitcoin holdings. Unrealized Bitcoin Gains of $600 Million Added to Tesla’s Earnings Tesla Inc. has reported a $600 million boost in its latest quarterly results, attributed to a recent change in accounting rules for digital assets.
Nuvve Holdings Corp., a publicly listed green energy company focused on electric vehicle (EV) charging, announced that it will invest up to 30% of its excess cash in bitcoin. The company’s Board of Directors has approved the move, which marks Nuvve’s entry into the growing trend of public companies adding bitcoin to their balance sheets.
CoinEx and ViaBTC Capital’s 2024 Crypto Annual Report reveals pivotal trends and milestones in cryptocurrency, including Bitcoin nearing $100,000, the rise of AI in blockchain, and increased institutional adoption. What’s the significance: The report features the shifts in the crypto market, from technological innovations to regulatory clarity, helping readers understand the market’s direction and opportunities
Top Crypto Headlines Today: Czech $145 Billion Investment Plan In Bitcoin, Crypto.com To Delist Tether (USDT), Cynthia Lummis Supports Coinbase Against SEC – Bitcoinik Home Crypto News Top crypto headlines today: Czech $145 billion investment plan in Bitcoin, Crypto.com to delist Tether (USDT), Cynthia Lummis supports Coinbase against SEC Source link
Elon Musk’s Department of Government Efficiency (DOGE) claims it’s slashing $1 billion daily by cutting unnecessary hires, DEI programs, and foreign payments—aiming for $3 billion in savings. DOGE’s $1B-a-Day Cuts Are Just the Start—$3B in Sight! The Department of Government Efficiency (DOGE) is reportedly saving the federal government approximately $1 billion per day, according to
Arizona is about to make history by being the first state in the US to approve the proposed bitcoin reserve bill. On January 27, 2025 the Senate Finance Committee passed Senate Bill 1025 (SB1025) also known as the “Arizona Strategic Bitcoin Reserve Act 5-2”. This historic bill allows up to 10% of public funds including
By Michael Mislos and Nath Cajuday A surprise open-source AI model from Chinese firm DeepSeek rattled global tech and crypto markets over the weekend, challenging the long-held belief that advanced AI requires massive funding and cutting-edge hardware. What’s the significance: Three things, namely: DeepSeek said in its whitepaper that it only had a $6M budget