Search
Client Demand and ‘Negative Events’ Pushing Tradfi Institutions Towards Crypto — Bitrue Chief Strategy Officer
23.9.2023
Growing client demand for cryptocurrencies and the belief that they represent a new asset class help to explain traditional financial institutions’ newfound interest in digital assets, the chief strategy officer at Bitrue has said. The collapse of FTX and Terra Luna in 2022 and the resulting...
China suffers worst capital flight in years, but could it pump Bitcoin?
22.9.2023
China's capital outflows reached $49 billion in August, its highest in nearly eight years. Analysts are debating whether it could be a boon for Bitcoin and crypto
Tether Dives Into AI Wave With $420M Nvidia GPU Investment Amid Soaring Demand
21.9.2023
According to a report, Tether, the largest stablecoin issuer by market capitalization, has invested $420 million in 10,000 Nvidia H100 graphics processing units (GPUs). This news emerges during a time of surging demand for artificial intelligence (AI). It also comes after Iris Energy reported...
Crypto Firm Riot Defends Texas Power Strategy After Headlines Claim State ‘Paid’ Miner
10.9.2023
Bitcoin mining company Riot Platforms is defending its participation in Texas’ electricity market programs after recent headlines claimed the state ‘paid’ the miner over $30 million to reduce power in August. Riot Platforms Sets the Record Straight In a statement released Friday, the Nasdaq-listed...
Palau Finishes Distribution Phase of Stablecoin Pilot, Organizes Feedback Survey
9.9.2023
Palau is preparing to close the distribution phase of its stablecoin pilot after having extended it for 30 additional days to examine additional use cases and growing popular demand. Palau Ministry of Finance board member Jay Hunter Anson explained that the pilot was a “temporary, research...
Tether Boasts $72.5 Billion US Treasury Exposure as Interest in National Debt Falters
9.9.2023
Tether, the largest stablecoin in the cryptocurrency market, discussed how its leverage of U.S. treasury bills creates a steady demand for U.S. national debt as a backup of the USDT issuance. The company has exposure to almost $73 billion in U.S. debt, held directly, indirectly, or as collateral...
Twitch Sensation Only Up! Removed From Steam So Dev Can Find ‘Peace Of Mind And Healing’
8.9.2023
Only Up! Is a brutal janky platformer that blew up on Steam earlier this summer after becoming a hit with Twitch viewers. A number of controversies later, its creator has removed the game from Valve’s digital storefront seemingly forever, saying they made a lot of mistakes and need time to heal...
Riot Showcases Demand Response Strategy: Bitcoin Mining’s Role in Strengthening Texas Energy Grid
7.9.2023
Bitcoin mining aided the Electric Reliability Council of Texas, or ERCOT, when the bitcoin mining company Riot Platforms reduced its power usage amid a Texas summer heatwave. Riot said in its most recent production and operations update that it received $31.7 million in power and demand response...
Is Litecoin overrated? Exploring its demand amidst price changes
7.9.2023
Litecoin remains one of the first altcoins to be introduced worldwide in 2011. It was initially teased as an economical alternative to Bitcoin. It gained popularity only in 2021, when the token peaked at $417. However, things have been somewhat dismal for LTC, with the price slipping constantly...
Exploring Litecoin’s demand amidst lowered prices
7.9.2023
Litecoin remains one of the first altcoins to be introduced worldwide in 2011. It was initially teased as an economical alternative to Bitcoin. It gained popularity only in 2021, when the token peaked at $417. However, things have been somewhat dismal for LTC, with the price slipping constantly...
Bitcoin Miner Iris Energy Dives into Generative AI, Investing $10M in Nvidia GPUs Amidst Soaring Demand
31.8.2023
On August 29, the publicly traded bitcoin mining entity, Iris Energy, revealed its acquisition of 248 Nvidia H100 graphics processing units (GPUs) at a cost of $10 million. While the company emphasized that its primary focus remains on BTC mining, it views generative artificial intelligence (AI)...
Trump NFTs back in demand, SEC says NFT sales are unregistered securities: Nifty Newsletter
30.8.2023
Trump NFT prices spiked after the former U.S. president’s mugshot in police custody was released
Report Reveals East Is Challenging West’s Long-Standing Gold Pricing Dominance
27.8.2023
A new report unveils a surge in gold acquisitions by Eastern nations, challenging the West’s long-standing dominance in gold pricing and altering the power equation in the global arena. Research Highlights East’s Rise as Challenger to West’s Gold Pricing Tradition In...
Heatwave and Debt: Laos Suspends Crypto Mining Operations Amid Rising Power Demands
26.8.2023
In recent developments, Electricite du Laos (EDL) announced on August 24 that the power company shut down cryptocurrency mining activities. This decision came after this summer’s unprecedented heat surge escalated electricity demands. Furthermore, these mining operations have reportedly been...
Powell: More Rate Hikes May Be Needed to Curb Inflation
25.8.2023
The chairman of the U.S. Federal Reserve, Jerome Powell, warned on Friday that inflation remains too high and signaled the central bank may continue raising interest rates to get it under control. In remarks at the Jackson Hole symposium, Powell acknowledged recent progress in lowering inflation...
Ether Staking Demand Remains Unfazed as EigenLayer 100k ETH Cap Limit Filled Within Hours
23.8.2023
Seattle-based decentralized finance (DeFi) platform EigenLayer has experienced a 207% surge in total value locked (TVL) after it raised its liquid restaking caps to 100,000 staked ether (stETH)
Analysis Suggests Bitcoin’s 2024 Halving Could Propel Price to $400,000
22.8.2023
The highly anticipated 2024 bitcoin halving could spark a meteoric price rise, potentially driving its value to a staggering $400,000, suggests an analysis by Blockware Solutions. The forecasted supply trim in 2024 might ignite an explosive demand for bitcoin. The report highlights how a dynamic...
Coinbase Adjusts Debt Buyback Offer Due to Moderate Demand
22.8.2023
Coinbase has made some changes to its debt buyback program following lackluster demand.
In a Monday announcement, the largest US-based crypto exchange said that since the program started earlier this month, investors have tendered just over $50 million worth of bonds, falling short of...
Coinbase sees lukewarm demand for debt buyback, raises offer
21.8.2023
The United States crypto exchange has increased its offer for discounted debt by 3%
Finally, Twitch Lets You Block Banned Users From Watching Your Stream
17.8.2023
Twitch has introduced a new update to its settings menu that finally prevents banned and blocked users from viewing livestreams, a feature that some may be surprised to learn didn’t already exist.Read more