Riot Platforms (RIOT) has fully joined a growing group of bitcoin miners that are altering their business plans to take advantage of the fast-growing demand for AI infrastructure. The company announced on Friday morning that it had acquired land at its 200-acre Rockdale site in Milam County, Texas, on a fee-simple basis for $96 million.
Samson Mow, a vocal Bitcoin proponent and CEO of JAN3, who is focused on Bitcoin nation-state adoption, has once again drawn the community’s attention to unique BTC features that make it the most decentralized digital currency on the market. Mow is known as one of the believers that BTC is definitely going to surge to
Revenue in the crypto industry is increasingly flowing to user-facing applications rather than the underlying blockchain networks, according to recent data, signaling a potential shift in where investors and developers focus their attention. Decentralized finance (DeFi) applications now capture five times the fees generated by blockchains, according to data shared by Jamies Coutts, chief crypto
In the current context, the Bitcoin price today against USDT remains in the $95,000–$96,000 range, with the market consolidating at high levels following the recent rally. Summary Main Scenario from the Daily: Bullish Consolidation Daily RSI: Moderate Strength, Not Euphoric MACD daily: bullish momentum slowing down Daily Bollinger Bands: BTC in the Upper Range, but
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2985.7, up 0.3% (+8.4) since 4 p.m. ET on Friday. Ten of 20 assets are trading higher. Leaders: BCH (+3.1%) and AAVE (+1.4%). Laggards: POL (-4.5%) and ICP (-1.0%).
The U.S. Treasury was also expected to repurchase an amount of 4 billion of their own debts today but this was put on hold due to a technical hitch. This knowledge is provided by an official announcement of the Treasury made publicly. NEW: 🇺🇸 The U.S. Treasury was scheduled to repurchase $4 billion of its
Copper hit a new record high this week as crypto traders focused on the surge in silver and gold. However, copper’s rise could actually shift the rate path that underpins the market’s liquidity narrative. The all-time high for copper is now around $6.06 per pound as of Wednesday, Jan. 14. Futures activity has tracked the
BitMine Immersion Technologies’ (BMNR) $200 million investment in Beast Industries represents a favorable strategic diversification that could enhance the company’s long-term valuation, according to investment bank B. Riley. The bank said the investment, announced Thursday, in the privately held entertainment and consumer products company best known for YouTube creator MrBeast, provides the company with optionality
Cyber Capital founder and chief investment officer Justin Bons has predicted that Bitcoin (BTC) could collapse within 7 to 11 years. He pointed to declining security budgets, a rising risk of 51% attacks, and what he calls impossible choices for the network. Bons warns that these fundamental vulnerabilities may erode trust and even lead to
One trader on the cryptocurrency prediction markets has claimed to have turned just $12 into more than $104,000 after placing only 16 trades. Specifically, an X user under the username ascetic boasted that he had successfully completed his goal of turning $12 into more than $100,000 in just 16 trades, according to a post shared