Exploring AI’s Potential in Response to Bitcoin Mining Slowdown
Galaxy Digital, a prominent Bitcoin mining firm, is exploring the potential of artificial intelligence (AI) to counteract losses in mining revenue and maximize future opportunities. The company recently announced a preliminary agreement with a...
Detroit Adopts Crypto Payments for Taxes and Fees: First City to Do So
Detroit made history by becoming the first city in the United States to fully accept cryptocurrency payments for taxes and city fees. This groundbreaking move aims to cater to blockchain entrepreneurs and residents who...
Gary Wang Requests No Jail Time in FTX CTO Case
Gary Wang, the former chief technology officer at FTX, has requested to serve no prison time for his involvement in the crypto exchange's 2022 implosion. Wang, who pleaded guilty to four criminal counts in...
Maximizing Bitcoin Mining Revenue with AI Computing Solutions – Galaxy’s Latest Strategy
The fiercely competitive bitcoin mining industry is presenting miners with a clear choice: either transition to artificial intelligence (AI) computing or face financial losses. Galaxy Digital, founded by Michael Novogratz, is the latest company...
Federal Reserve to Cut Interest Rates, Crypto Outlook on the Rise
Yesterday, there was a significant shift in the investment landscape as Donald Trump was re-elected as the President of the United States. This news led to a broad-based rally in risk assets on Wall...
Coinbase Premium Soars to Seven-Month High Amid Increased US Bitcoin Demand
The surge in Coinbase premium to a seven-month high indicates a growing demand for Bitcoin in the United States after Donald Trump's election win. The Coinbase Premium Index, which measures the price difference between...
Benefits of Staking for Ethereum ETFs: Lower Fees and Increased Interest
Staking has been identified as a game-changer that could potentially lower fees and increase interest in Ethereum ETFs, according to crypto analyst Tom Wan. By allowing Ether ETFs to offer near-zero management fees, staking...
Kraken Lawyer Criticizes SEC Legal Strategy, Compares to Ripple Case Error
Kraken has been facing a legal battle with the US Securities and Exchange Commission (SEC), and their lawyer, Michael O'Connor, is not holding back in criticizing the SEC's legal strategy. O'Connor believes that the...
Passing the Bitcoin Act: Trump’s Key Contribution to Crypto Growth
Donald Trump's administration is expected to create a more favorable environment for cryptocurrencies, with the possible adoption of the Bitcoin Act being a key development. According to a report by asset manager CoinShares, passing...
Bitcoin Price Surges with BlackRock ETF Breaking Records in 2024
Bitcoin saw a significant surge on Wednesday, reaching a record high of $76,481, marking its fourth-best day of the year. This increase followed the U.S. presidential election victory of Donald Trump, who expressed support...