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Publicly-Listed Bitcoin Miner Bitdeer Expands Into AI With Nvidia

November 10, 2023 0

Several bitcoin mining enterprises are shifting their focus to artificial intelligence (AI) computing and cloud services. In a recent development, the publicly traded blockchain and high-performance computing company Bitdeer, disclosed its expansion into AI. This strategic move involves

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Binance Launches Web3 Wallet to ‘Lower the Barrier’ for Self Custody

November 10, 2023 0

Binance has announced the launch of a new “self-custody” Web3 wallet aimed at simplifying the user experience and protecting user funds when using decentralized apps. The wallet features multi-party computation (MPC) tech, which Binance alleges allows users to manage the wallet without memorizing or handling seed phrases. Binance Releases New Web3 Wallet Binance, one of

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Fed Chair Powell’s Hawkish Tone Rattles Markets as Inflation Concerns Persist

November 10, 2023 0

Amid an uncertain economic landscape, Federal Reserve Chair Jerome Powell’s recent remarks have amplified the debate on the sufficiency of prevailing interest rates. Even with robust gross domestic product growth, Powell’s address indicated the Fed’s stern stance, as he noted the central bank is “not confident” its restrictive policies have sufficed. Federal Reserve Chair

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Tether Achieves Lifetime High With $86.51B Valuation; Tron Version Surpasses ETH in Several Metrics

November 10, 2023 0

This week, the leading stablecoin by market capitalization attained a valuation of $86.51 billion, following a supply surge of 3.6% in the past month. Currently, the Tron network holds approximately 45.82 billion USDT, while the Ethereum blockchain is home to 40.02 billion tethers, with the remainder circulating across various other blockchain platforms. Tether Supply

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Bitcoin Soars to Become 11th Largest Global Asset, Nearing Berkshire Hathaway’s Valuation

November 10, 2023 0

The value of bitcoin (BTC) climbed over 38% against the U.S. dollar in the past six months, registering a 125% increase year-to-date. Riding high at a peak not seen in 18 months, bitcoin’s market capitalization has ascended to become the eleventh-largest among global assets. This ranking includes an array of assets such as precious metals, […]

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Poloniex Hit by $114 Million Hot Wallet Heist; Justin Sun Pledges to Recover Funds

November 10, 2023 0

Onchain data and reports have highlighted unusual outflows from cryptocurrency exchange Poloniex, prompting concerns of a possible hot wallet breach worth approximately $114 million. Justin Sun, the exchange’s proprietor and Tron’s creator, has stated that the incident is under investigation. Poloniex’s Hot Wallets Breached in $114M Hack The breach at the centralized

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Bitcoin, Ethereum Technical Analysis: Bullish Trends and Overbought Signals in BTC and ETH

November 10, 2023 0

While global equities slumped following the speech from U.S. Federal Reserve chairman Jerome Powell on Thursday, crypto markets held strong with an overall market valuation of $1.4 trillion on Friday, November 10, 2023. Bitcoin and Ethereum Navigate Through Market Uncertainty The crypto economy is doing well considering that stocks dropped the day prior after the […]

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Maximizing Efficiency in High Fee Environments: A Guide to Bitcoin UTXO Consolidation

November 10, 2023 0

In an era where bitcoin transaction fees can soar unexpectedly, managing your unspent transaction outputs (UTXOs) is crucial for minimizing costs. Bitcoin users with multiple UTXOs can face hefty fees for future transactions, which depletes the value of their holdings over time. Understanding UTXO consolidation is essential for anyone looking to optimize their bitcoin

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Circle Revamps Stablecoins USDC, EURC With Upgrade Focused on Gas and Security

November 10, 2023 0

Circle has announced a new v2.2 upgrade for its usd coin and euro coin digital stablecoins. The changes aim to significantly reduce gas costs, enable new use cases, and bolster security. Circle Unveils 2.2 Upgrade for Stablecoin Suite Circle unveiled the latest upgrade in a blog post on Thursday, touting six key changes coming to […]

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SEC Chair Gensler: Anybody Wanting to Be in Crypto Must ‘Do It Within the Law’

November 10, 2023 0

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has warned that anyone wanting to be in crypto must “do it within the law.” He advised crypto trading platforms to “Build the trust of investors” in what they are doing, cautioning that they must ensure they are not commingling functions, trading against their customers, or […]