News

Bitcoin Miners Could Gain Billions From AI Sector

Bitcoin mining firms could gain over $13 billion yearly by 2027 if just 20% of capacity shifts to powering AI and high-performance computing sectors, reports VanEck.

Yagyesh Jaiswal

A new VanEck analysis estimates Bitcoin miners could earn on average $13.9 billion annually if a portion of their energy infrastructure is leased to AI and computing companies. Some miners are already expanding into this model.

Fractal Bitcoin Enables Advanced Smart Contracts with OP_CAT

Fractal Bitcoin will enable smart contracts through OP_CAT, bringing lending, liquidity pools, chain bridges & more to the Bitcoin ecosystem.

Yagyesh Jaiswal

Fractal Bitcoin's OP_CAT upgrade enables defi, bridges to chains, advanced security on Bitcoin. The next wave of innovation starts now.

RFK Jr.'s Bitcoin Donations: A Small Slice of a Large Campaign Pie

Explore why Robert F. Kennedy Jr. Bitcoin donations of $61,000 in a $100 million campaign fund is considered low compared to other candidates such as Trump.

Yagyesh Jaiswal

Robert F. Kennedy Jr. has only received $61,000 in BTC donations since 2023, which is just a tiny portion of his $100 million fundraising despite being the first presidential candidate to show support.

MetaMask Card Allows Crypto Spending With Mastercard

A new cryptocurrency debit card from MetaMask and Mastercard allows self-custody wallet users to spend Ethereum-based assets using Mastercard's merchant network.

Yagyesh Jaiswal

The MetaMask Card enables seamless point-of-sale spending of crypto balances from MetaMask wallets anywhere Mastercard is accepted by instantly converting to fiat currency.

Bitcoin Sinks 4% Below $60K on Slowing Inflation Data

Bitcoin fell 4% to under $58,000 after US inflation slowed in July. ETFs saw $81M in net outflows, while Ether funds rallied for the 3rd day.

Yagyesh Jaiswal

Bitcoin dipped below $60K as US CPI rose 2.9% in July.. The drop came despite stocks reversing losses. BTC ETFs saw the largest outflow since June.

Decoding Bitcoin Sentiment: A Look at Fear & Greed Indexes

Explore how different Bitcoin Fear & Greed indexes calculate market sentiment, their different methods, and what they reveal about market sentiment.

Yagyesh Jaiswal

There are multiple sources that provide the fear and greed index for bitcoin and the crypto market based on multiple data sets. However, the index might not always be accurate, which proves that the analysis of the sentiment in the crypto market is rather challenging.

Venezuela Blocks Binance Access, Pushing Users to VPNs

Explore how Venezuelans are using VPNs to escape the Restricted access to Binance by their government.

Yagyesh Jaiswal

Following controversial election results, Venezuela restricts access to Binance and imposes a social media ban, prompting citizens to use VPNs.

Bitcoin Slips Below $60K in Typically Difficult Week

Bitcoin faced heavy selling pressure this week, sliding below $60,000 as the historically difficult 33rd week of the year lived up to its reputation.

Yagyesh Jaiswal

Bitcoin dropped below the key $60K level amid historically poor performance in the 33rd week of the year. Ethereum also declined as the broader crypto market saw losses.

Trump Returns to X for Interview with Elon Musk

Former President Donald Trump sat down for a lengthy interview with Elon Musk on Monday, his first appearance on social media platform X in nearly a year.

Yagyesh Jaiswal

Donald Trump returned to X on Monday for his first appearance in almost 12 months, joining Elon Musk for a two-hour-long interview. Trump discussed policy plans and bantered with Musk.

Ether ETFs See First Week of Inflows Since Launch

The nine recently launched spot Ethereum ETFs in the U.S. saw their first week of positive net inflows totalling $105 million after a rocky start in late July.

Yagyesh Jaiswal

Ethereum exchange-traded funds had their first week of positive flows since launching last month, suggesting renewed investor interest after prices stabilized.

BitGo Transitions Wrapped Bitcoin to Enhanced Global Custody

BitGo transitions Wrapped Bitcoin (WBTC) business to multi-jurisdictional custody across the US, Hong Kong, and Singapore to boost security. The move was done jointly with Tron's Justin Sun.

Yagyesh Jaiswal

BitGo aims to enhance the security of its Wrapped Bitcoin (WBTC) business by transitioning custody to a structure spread across the United States, Hong Kong, and Singapore. The move was made in partnership with Tron founder Justin Sun, prompting reassurances from BitGo's CEO.

MicroStrategy's Success and Strategic Reserve Bill

Explore how the Bitcoin investment strategy of Michael Saylor has been a success and how this is truly applied to MicroStrategy’s business model.

Yagyesh Jaiswal

Michael Saylor shows high conviction on Bitcoin as an investment and compares the cryptocurrency’s swings to High energy natural occurrence. He stands for the Bitcoin Act for the strategic reserve and emphasizes Bitcoin’s capability to fix many of the global economy issues occurring in the world.

Ripple Declared Victorious as SEC Signals No Appeal

The SEC says it likely won't appeal the recent court ruling that ordered Ripple to pay $100 million for violating securities laws. The decision brings clarity to crypto.

Yagyesh Jaiswal

Ripple has claimed victory against the SEC, which indicated no plans to appeal the court ruling requiring Ripple to pay a $100 million penalty for breaching investor-protection laws. The outcome provides regulatory clarity.

Bitcoin Bulls Return as Price Recovers Above $60k

Bitcoin shows signs of recovery as the price climbed back above $60k. Bull-bear indicator flipped bullish again after briefly signaling a bear market last week.

Yagyesh Jaiswal

Bitcoin bulls are returning as price holds above $60k support. Key on-chain indicators have turned bullish again following last week's sharp correction.

WazirX Reverses $230M Crypto Hack, Restores User Balances

Indian crypto exchange WazirX was hacked for $230M in July 2024. Now the exchange has decided to fully restore all user balances and reverse unauthorized trades.

Yagyesh Jaiswal

WazirX was hacked for $230M in July but has now committed to restoring all user crypto balances back to pre-hack levels. The exchange will be reversing all unauthorized trades conducted during the breach.

Bitcoin Surges Past $62K as Investors Eye $100K Target

After a steep drop this week, Bitcoin suddenly rallied over $62K. The rebound has some analysts predicting Bitcoin could hit $100K in 2024.

Yagyesh Jaiswal

Discover one of Bitcoin's biggest single-day spike as it surged past $62K. The rally has revived talk of Bitcoin reaching $100K by year's end.

Bitcoin Bear Market Identified by On-Chain Indicator

A key on-chain metric from analytics firm CryptoQuant suggests Bitcoin has transitioned to a bearish phase following the recent crypto market crash.

Yagyesh Jaiswal

Discover the details of the analysis suggesting that Bitcoin has now transitioned into a bear market.

Inactive PlusToken Wallets Activated, Transfers $2.8M Ether

$2.8 million in Ether tokens was recently moved from wallets linked to the PlusToken Ponzi scheme. The sudden transaction from the wallets which have been inactive for years has sparked uncertainty about the seized funds.

Yagyesh Jaiswal

The ETH transfer from previously inactive PlusToken wallets raises concerns among investors 4 years after approx– $4 billion was stolen in the PlusToken Ponzi scheme before being confiscated by the Chinese Authorities in 2020.

Crypto Startup VC Funding Surge in July 2024

Explore how crypto startups received increased funding from VCs of $527M this July with the help of blockchain infrastructure mostly.

Yagyesh Jaiswal

July 2024 marked a milestone for crypto startups with VC Funding $527 million dollars, exceeding expectations. These numbers are up 14.5% since last year. Moreover, the blockchain infrastructure segment took the leading position with $420.7M

BlackRock and Nasdaq Seek to Introduce Options for Spot ETH ETFs

Discover how BlackRock and Nasdaq are seeking to introduce options for spot Ethereum ETFs and the impact on investors and the crypto market.

Yagyesh Jaiswal

BlackRock and Nasdaq have filed with the SEC in order to provide options to the iShares Ethereum Trust (ETHA) ETF. This move will enhance the efficiency of the crypto market and provide hiding strategies for investors.

Trump Proposes BTC Strategy to Reduce U.S. National Debt

Explore how Bitcoin can be used to reduce the USA’s national debt and how Trump implies that Bitcoin is a monumental global economy and the US bus lead the way in this crypto revolution.

Yagyesh Jaiswal

Former president of the U.S, Donald Trump talks about Bitcoins’ possible strategy to reduce the United States national debt and urges the U.S to step up in the adoption of bitcoin and the crypto industry.

VanEck CEO Predicts Bitcoin Price Surge Amid Quantitative Easing

Explore Van Eck CEO’s bullish outlook on Bitcoin, where he forecasts a potential price increase for Bitcoin, reaching as high as $350,000 per coin and even higher under favorable economic conditions.

Yagyesh Jaiswal

VanEck CEO states an optimistic outlook for Bitcoin to potentially reach $350,000 as central banks start quantitative easing. Moreover he highlights the most bullish case for Bitcoin to hit $2.9 million if it is able to get adoption as a reserve asset.

The Future of CBDCs: Russia's Digital Ruble by 2031

Explore Russia’s plan to implement and use CBDC as part of their economy by 2031 and how the digital ruble could change payments and bring numerous advantages to Russian citizens.

Yagyesh Jaiswal

Russia is exploring plans to fully integrate the use of the Digital ruble in the market by 2031 with free transfer charges and reduce the transaction-making fees for better payment improvement throughout the country.

Coinbase Surpasses Q2 Revenue Expectations Amid Decline

Explore how despite a market drop, Coinbase managed to overcome Q2 revenue expectations with $1.45 billion in transaction revenue, as well as its strategic moves towards diversification in revenue streams.

Yagyesh Jaiswal

Coinbase reported a Q2 revenue of $1.45 billion, overcoming expectations from investors, despite a decrease in transaction revenue, highlighting its strategic diversification plan.

Bitcoin Dips Slightly as Fed Signals Potential Rate Cut

Explore How BTC remains in stable conditions while Jerome Powell hints towards a possible rate cut expected at the next FOMC meeting in September.

Yagyesh Jaiswal

Bitcoin’ price dips slightly after Federal Reserve Chair Jerome Powell said that rates could be cut in September if inflation remains under control during the FOMC meeting.