Marathon teamed up with Nodal Power on the project. Nodal Power was launched in November 2022 and produces energy from landfill gas in the southeastern United States and Texas. It raised $13 million in a seed round in August to operate two sites, one of which includes a data center.Continue Reading on Cointelegraph More
Despite the intraday price action, which saw a 4.67% drawdown, a number of analysts remain bullish on Bitcoin, and some expect another “gamma squeeze” if BTC price manages to push through the $36,300 level. Continue Reading on Cointelegraph More
In a document published to the Federal Registry on Nov. 2, NIST announced the formation of the new AI consortium along with an official notice expressing the office’s request for applicants with the relevant credentials. Continue Reading on Cointelegraph More
The funds will be distributed through a smart contract on the Ethereum network. Each Aragon (ANT) token holder will receive 0.0025376 ETH ($4.57 at the current price) per ANT they send into the redemption contract. After all redemptions have been made, the body will burn all ANT held in the contract and dissolve. ANT will no longer have utility after this point, the post stated.Continue Reading on Cointelegraph More
The tokens’ new status will allow financial institutions in the DIFC to carry out transactions with them. There are over 4,000 companies located in the special economic zone. Ripple opened its MENA headquarters in the DIFC in 2020. Continue Reading on Cointelegraph More
On-chain indicators reflect the strong market sentiment towards Bitcoin. The Stablecoin Supply Ratio Oscillator (SSRO) has hit an all-time high of 4.13, suggesting traders are shifting their investments from stablecoins to Bitcoin. Despite this shift, the Reserve Risk remains low, indicating strong market confidence in Bitcoin’s risk/reward proposition.Long-term holders control over 70% of Bitcoin’s supply, which means that the potential approval of Spot ETFs could trigger unprecedented demand against this limited circulating supply. This could potentially propel Bitcoin to new all-time highs, despite potential headwinds such as increased geopolitical risks in the Middle East and the Federal Reserve’s ongoing battle with stubborn inflation.As Bitcoin’s price stabilizes, traders are exploring alternatives like Bitcoin Minetrix. This tokenized cloud-mining project has successfully raised $3 million during its Stage 4 funding round and is now trading at Stage 5 of its $BTCMTX presale. The growth of Bitcoin Minetrix has exceeded $3.1 million.Investors are also considering other cryptocurrencies such as $BTC20 and the $BITCOIN meme coin due to their significantly lower market cap and potential for value increase by several thousand percent. Moreover, Bitcoin Minetrix offers an additional revenue stream for its users who stake their $BTCMTX tokens. They are rewarded with ERC-20 mining credits at a current annual percentage yield (APY) of 195%, which can be redeemed for designated Bitcoin cloud mining time slots. As the $BTCMTX price rises to Stage 6 of the presale, investors are encouraged to move quickly. A 100% increase from its current price could drive Bitcoin to new heights.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
In an official , Binance gives the reason for the upcoming temporary suspension of withdrawals on the said date: it will be performing routine wallet maintenance.Binance says it will be performing wallet maintenance for the network on Nov. 3 at 2:00 a.m. (UTC), which will take about 30 minutes. In light of this, withdrawals on the Bitcoin (BTC) network will be suspended starting on Nov. 3 at 2:00 a.m. (UTC).However, deposits and the trading of digital assets on the Bitcoin (BTC) network will not be impacted during the maintenance.Binance says it will reopen withdrawals after the maintenance is complete but may not notify users in a further announcement.At press time, Bitcoin was trading at roughly $35,423, up 2.88% in the previous 24 hours.The Federal Open Market Committee (FOMC) of the United States Federal Reserve held steady its benchmark fed funds rate on Wednesday, as expected.During the post-FOMC news conference, Fed Chairman Jerome Powell stated that a rise in U.S. Treasury yields has contributed to tightening financial conditions, but he left the door open for another rate hike if necessary.This article was originally published on U.Today More
The halving event is an integral part of Bitcoin’s unique coding structure. It systematically adjusts the token creation rate, a feature that often triggers sudden price movements. This digital currency, known for its volatility and detachment from the real economy, can see millions in value wiped out in an instant due to these abrupt reversals.Satoshi Nakamoto, the pseudonymous creator of Bitcoin, ingeniously tied coin creation to ‘block rewards’. These rewards are earned by miners through complex calculations designed to prevent counterfeiting. Miners compete for these block rewards by verifying transactions on the blockchain – a public digital ledger.The unpredictable nature of Bitcoin, coupled with its disconnection from traditional economic indicators, frequently perplexes market observers. The upcoming halving event has only intensified these debates, with Bitcoin enthusiasts and skeptics alike pondering its prospective impact on the currency’s value.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
