Hut 8, a Canadian company specializing in cryptocurrency mining and data center management, announced on September 26 its new GPU as a Service business (GPU-as-a-Service in English) aimed at Artificial Intelligence developers. The company reported that it is already generating new income, although it did not detail the figures. The project, developed in partnership with … Read more
Key facts: The specter of deflation and economic recession haunts China. The government is preparing economic stimulus packages to face the crisis. China is showing eerily similar signs to the Great Recession of 2008. According to “The Kobeissi Letter,” a financial analysis newsletter founded by expert Adam Kobeissi, the Asian giant could be on the … Read more
Key facts: The Discreet Log Contract protocol, from DLC Markets, allows you to operate without counterparty risks. The DLC Market test phase gave key information for the transition to the official version. On Thursday, September 26, DLC Markets announced the completion of its transition to the Bitcoin network, marking “a significant advancement in non-custodial trading … Read more
Howard Lutnick, CEO of financial services firm Cantor Fitzgerald, argued this week in an interview that bitcoin (BTC) should be treated as a commodity, equating it with traditional commodities such as gold and oil. “When you really understand bitcoin, it is difficult to see it any other way,” Lutnick commented.underscoring the nature of bitcoin as … Read more
Key facts: Bitdeer did not specify the computing power in hashrate or the power consumption in volts. Comparing with other bitcoin miners, SEAL02 is among the most energy efficient. The technology and computing company Bitdeer Technologies Group announced on September 26 the successful testing of its latest Bitcoin (BTC) mining chip, SEAL02, on which it … Read more
The publication of the personal consumption expenditure (PCE) price index in the United States this morning has raised expectations of greater liquidity for the markets. This is something that is positive for bitcoin (BTC) and cryptocurrencies. The annual PCE fell from 2.5% to 2.2%which is 0.1% below expectations. With this result, it marked its lowest … Read more
Key facts: The union seeks better sustainability, cost reduction and countering digital threats. They want activists, journalists and other users to access improved digital security. The Tor Project, known for its browser that facilitates anonymous Internet browsing, and the organization behind Tails, a Linux-based operating system designed to preserve privacy, have joined forces and merged … Read more
Germany took a significant step towards the integration and recognition of bitcoin (BTC) in its political sphere with the creation of the Federal Bitcoin Association in the Bundestag. This organization, promoted by representative Joana Cotar, brings together 64 founding members with the common goal of “fighting for their interests, financial education and for Bitcoin.” The … Read more
89,000 bitcoin (BTC) options expired this Friday, September 27 at 8 AM (UTC) on the Deribit exchange. These options had a Put Call Ratio of 0.64. This ratio is the relationship between the volume of put and call options. A ratio less than 1 suggests optimism, since there are more buying options than selling. Thus, … Read more
Key facts: The Central Bank of Bolivia says that most of the operations were carried out with stablecoins. The total value traded in the last three months was USD 46.8 million. The Central Bank of Bolivia (BCB) reported a significant increase in cryptocurrency operations in the country. In a report published on September 26, the … Read more