Tag: Technology
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...
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...
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...
Bitcoin ETFs See $621 Million Inflow as BlackRock Records Rare Outflow Post US Election
Bitcoin ETFs have seen a significant increase in inflows, totaling $621 million, following the recent US presidential election results. Fidelity's FBTC received a large inflow of $308.8 million, while BlackRock's IBIT experienced an outflow...
Fair Revenue Sharing Proposal by Wintermute for Ethena Protocol
Wintermute, a crypto market maker, has put forth a proposal to introduce a fee switch in the Ethena protocol. This proposal aims to address the lack of transparency surrounding revenue distribution for ENA token...
Bitcoin Price Surges Over $75K Amid Trump’s Early Voting Domination
Bitcoin's price surged over $75,000 on various crypto exchanges in Asia as favorable election results for Republican Donald Trump began to come in. Trump's odds of winning the U.S. presidency on the Polymarket betting...
Bitcoin Surges 10% Against Mexican Peso Amid ‘Trump Trade’ Boost; Gold Stable
Bitcoin has seen a significant surge against the Mexican Peso (MXN) due to the "Trump trade" boost. The Republican candidate, Donald Trump, has expressed his intention to impose tariffs on Mexico, leading to a...
Solana Price Surges 17% and Surpasses BNB Chain Token Amid Renewed ETF Speculation by...
Solana's SOL token saw an impressive 17% price surge in just 24 hours, driven by the growing anticipation of a Solana ETF being approved. This optimism stems from the recent filings made by Cboe...
Record Levels of Polymarket Open Interest Surged on Election Day
Polymarket experienced a surge in open interest to a record high of $463 million on Election Day as users bet on the race between former President Donald Trump and Vice President Kamala Harris. This...
