Bitcoin miners could increase profitability and improve “bad balance sheets” by allocating some of their energy capacity to the AI and HPC sectors, according to VanEck. Bitcoin miners have the opportunity to potentially generate around $13.9 billion in additional yearly revenue if they partially transition to providing energy to the artificial intelligence and high-performance computing…
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Crypto analyst Benjamin Cowen expects Bitcoin dominance to make its “final move” to 60% either in September or, at the latest, by December 2024. A popular cryptocurrency analyst doubts that Bitcoin dominance will return to the levels it reached in December 2020, before the asset’s price surged approximately 220% within three months. “I don’t think…
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As the CMB continues to update the list and companies work to meet regulatory requirements, the Turkish crypto market is poised for significant changes. The Turkish cryptocurrency landscape is experiencing a major transformation as prominent firms like Coinbase and KuCoin compete to obtain business licenses in the country. This surge in applications follows regulatory updates by the…
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Proof of Complete Knowledge (PoCK) aims to prevent bribery attacks by ensuring real control over voting keys. A group of researchers from Cornell University is investigating potential threats that could turn into “dark” voting systems in decentralized autonomous organizations (DAOs). This group is formed by Ethereum co-founder Vitalik Buterin and PhD students Mahimna Kelkar, Kushal…
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Investment advisors are expanding their spot Bitcoin ETF holdings, but Coinbase warns that “large inflows” might not be seen immediately due to the slow summer period in the United States. Investment advisors have ramped up their stakes in spot Bitcoin exchange-traded funds (ETFs) during the second quarter of 2024, while hedge fund holdings have seen…
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If Bitcoin follows the same pattern as previous election years, August will be “nothing crazy,” but a breakout may occur within a month or two, according to a crypto analyst. Bitcoin’s price chart is mirroring patterns seen in previous United States election years, and its recent lack of momentum could be significantly reversed, according to…
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Everything about this DAO is designed to be completely anonymous and invisible on the blockchain, said Bitcoin OG Amir Taaki. A pioneering Bitcoin developer claims to have created the first fully anonymous onchain decentralized autonomous organization (DAO) with a mission to “defend freedom.” In a post on X on Aug. 12, OG Bitcoin developer Amir Taaki unveiled an…
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Bitcoin trading volume and liquidity are being concentrated on weekdays due in part to ETFs and could cause more wild price swings on the weekend. Bitcoin has become more susceptible to wild weekend volatility since the launch of spot Bitcoin exchange-traded funds, according to Kaiko Research. In an Aug. 12 report, Kaiko’s crypto analysts noted Bitcoin’s…
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A panel of three judges has partially reversed a class-action lawsuit that alleged Binance.US and CoinMarketCap manipulated the price of the HEX token. A United States appeals court has partially reversed the dismissal of a proposed class-action lawsuit against Binance.US which alleges the exchange unlawfully manipulated the price of the HEX token. A panel of…
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MicroStrategy’s stock value is up by 1,000% since its first Bitcoin purchase, while Warren Buffett and Berkshire Hathaway have missed the boat. MicroStrategy purchased its first Bitcoin stash on Aug. 10, 2020, becoming the first public-traded company to adopt the cryptocurrency as its primary treasury reserve asset. Four years later, the bold move has evolved…
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