El Salvador Inaugurates First Bitcoin Mining Pool through Volcano Energy and Luxor Collaboration
This renewable energy Bitcoin mining initiative aims to generate electricity from renewable sources to power Bitcoin mining operations in the country. Key Takeaways Renewable Energy Project In a significant stride for its Bitcoin adoption strategy, El Salvador has officially launched its first local Bitcoin mining pool through the Volcano Energy project, in conjunction with Luxor Technology. This endeavor marks a …
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Bitcoin May Surge Amid US Government Shutdown Speculations
The potential US government shutdown on October 1, 2023, is speculated to trigger a Bitcoin rally due to economic and political instability. Key Takeaways: The prospect of a US government shutdown on October 1, 2023, is fostering speculations of a concurrent Bitcoin rally, similar to the uptrend seen during the US regional banking crisis in the first quarter of 2023. …
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Bitcoin Ordinals creator Casey Rodarmor pitches BRC-20 alternative ‘Runes’
Casey Rodarmor proposes ‘Runes,’ a Bitcoin-based fungible token protocol aiming to solve issues caused by BRC-20 tokens and improve Bitcoin’s ecosystem. Key Points Casey Rodarmor, the mind behind Bitcoin Ordinals, unveils a conceptual fungible token protocol, ‘Runes’, deemed as a prospective alternative to the prevalent BRC-20 token standard. The BRC-20 standard, initiated in March by the concealed developer “Domo”, swiftly …
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Whale’s Bitcoin Stash Acquired in 2012 Now Valued at $24.88 Million
A Bitcoin cache owned by an early adopter, initially acquired in 2012 for less than $10,000, has surged in value to an astonishing $24.88 million. Key Points In an astonishing turn of events, a Bitcoin cache owned by a whale and acquired back in 2012 has skyrocketed in value to an astounding $24.88 million. This significant appreciation in worth has …
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SMI Vantage New Bitcoin Mining Facility in Sarawak
SMI Vantage aims to establish a state-of-the-art bitcoin mining facility in Sarawak, Malaysia, capitalizing on renewable energy, government support, and sustainability. Key Points SMI Vantage, a prominent cryptocurrency mining company, has recently announced its ambitious plan to establish a cutting-edge bitcoin mining facility in the picturesque state of Sarawak, nestled in the heart of Borneo, Malaysia. With the growing popularity …
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Whale Converts Most of their Ethereum Holdings into Bitcoin
A crypto whale swaps 5,500 Ethereum for 344.1 Wrapped Bitcoin (WBTC) worth $8.85 million, diversifying their portfolio amid bullish market sentiments. A notable crypto whale made a significant move in the crypto world by exchanging a large portion of their Ethereum holdings for Bitcoin. This transaction, valued at approximately $8.85 million, involved the exchange of 5,500 Ethereum for 344.1 Wrapped …
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$10M Redeemed from Casascius Bitcoin Peel in 2023
In September 2023, only 19,082 out of 19,999 Casascius physical bitcoins remained in circulation, highly sought-after collectibles due to their scarcity and uniqueness in the crypto world. Key Points In September 2023, the crypto market witnessed a surprising revelation as it was reported that only 19,082 units of Casascius physical bitcoins are left in circulation. Despite the growing popularity of …
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Morgan Creek Founder Anticipates Bitcoin Crossing $100,000
Mark Yusko’s bold prediction envisions Bitcoin reaching six figures within a year, driven by network growth, potential ETF approval, and Metcalfe’s law. CEO and Founder of Morgan Creek Capital Management, Mark Yusko, has made a bold prediction that the price of Bitcoin could reach six figures within a year. During an interview with Kitco News, Yusko discussed various aspects of …
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Survey Reveals Bitcoin Mining Council’s Sustainable Growth
The Bitcoin Mining Council’s survey reveals its 43.4% global mining dominance, emphasizing sustainable practices and shaping the industry’s future. The Bitcoin Mining Council (BMC) has recently revealed the results of a comprehensive survey showcasing the remarkable dominance of the BMC in the global mining network. According to the survey, the BMC holds an impressive 43.4% share of the entire mining …
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GDA Opens 3 New Data Centers in South Carolina
Genesis Digital Assets inaugurates three cutting-edge bitcoin data centers in South Carolina, expanding mining capacity and embracing sustainability. Genesis Digital Assets (GDA) has announced the inauguration of three state-of-the-art bitcoin data centers in the western region of South Carolina. This strategic move marks a significant milestone for the company, as it expands its mining operations and strengthens its position in …
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