Key facts: Hut 8 plans to put the model into operation in the second quarter of 2025. The miner is capable of reaching up to 860 terahashes, with an efficiency of 13 joules per terahash. Hut 8, a Bitcoin mining company, and Bitmain, one of the largest mining equipment manufacturers in the world, announced the … Read more
The southern US state of Louisiana has taken a significant step toward adopting emerging financial technologies by accepting bitcoin (BTC) and USD Coin (USDC) payments for state services. State Treasurer John Fleming announced a plan to integrate digital currencies into public operations, allowing residents to pay for services from their digital wallets. This move materialized … Read more
Key facts: Ethereum faces risk from US presidential election, says Bitwise Despite all this, Ethereum is like the Microsoft of cryptocurrency networks, he says. “It’s okay to hate Ethereum right now, but this could look like nonsense in the future,” says a recent report from digital asset manager Bitwise, written by its chief investment officer, … Read more
As bitcoin (BTC) rebounds to $63,000 (USD) following the US interest rate cut, a new scenario is emerging for the market. According to the analysis firm Nodecharts, bitcoin is now “in its decisive phase.” This is stated in a report market, according to its historical behavior and the implication of the rate cut. The Federal … Read more
Since 2009, Bitcoin (BTC) has captured the attention of investors for its characteristics that make it a safe haven asset. These include its inherent scarcity and its ability to operate outside of traditional financial systems. However, Bitcoin is still in its early stages of adoption as a global means of payment or store of value. … Read more
Key facts: The firm’s CEO, Larry Fink, had called bitcoin “digital gold.” The report indicates that some investors view BTC as a “safe haven.” BlackRock, the world’s largest asset manager, highlights that bitcoin (BTC) “is a uniquely diversifying asset,” although it is still in its early stages of adoption as a global means of payment … Read more
With the Federal Reserve (Fed), the US central bank, expecting to cut interest rates, the market’s eyes are on the market. But that’s not all that matters to investors. “What could affect the market will not be the rate cut itself, but the effects of a possible recession,” stands out renowned trader Daniel Muvdi. The … Read more
Google, in collaboration with Google Cloud, today launched a service called Blockchain RPC (Remote Procedure Call or Remote Procedure Call). This tool aims to allow users to web3 developers interact with data on-chainspecifically with the Ethereum (ETH) blockchain, without having to manage your own node infrastructure. The RPC protocol is a technology that grants developers … Read more
Key facts: The market remains on the lookout for a possible rate cut in the US. “Current demand and supply for bitcoin are neutral and bearish,” Woo says. Professional analyst and trader Willy Woo has shared his vision on the near future of bitcoin (BTC), anticipating a rise in its price in the short term. … Read more
The BNB Chain is taking unusual steps to become the “central infrastructure” for stablecoins. One of several is that through MegaFuel, powered by the company Nodereal, it will cover gas fees for users of centralized exchanges, wallets and web3 applications that use stablecoins such as USDT, USDC and FDUSD. This announcement coincides with the opening … Read more