Google Assistant is AI software used in Google Home devices such as the Nest Mini or Nest Hub. It’s also available on Android phones and tablets. Bard, on the other hand, is Google’s browser-based AI chat program that attempts to compete with OpenAI’s ChatGPT. Continue Reading on Coin Telegraph More
Bitcoin Production and Operations Updates for September 2023“September represented another significant month for Riot as we were able to clearly demonstrate the value of Bitcoin mining while contributing to the stability of the ERCOT electrical grid,” said Jason Les, CEO of Riot. “Our mining operations produced 362 Bitcoin during the month, and by strategically curtailing mining operations, we also received $11.0 million in Power Credits pursuant to our long-term power contracts with our utility provider, and $2.5 million in Demand Response Credits from participating in ERCOT’s ancillary services program. Combined, total Power and Demand Response Credits received equate to approximately 511 Bitcoin based on the average price of Bitcoin in September.“When coupled with our ability to be a flexible user of power, Riot’s sizeable long-term, fixed-price power contracts represent a differentiated advantage for the Company, while simultaneously making electrical capacity available to the grid when it is most needed, ensuring customers do not experience disruptions in service during periods of increased power demand.“At our Rockdale Facility, our operations teams have begun installation of replacement dry coolers in Building G, one of our immersion buildings, and hash rate has started to ramp back up. Our hash rate capacity will continue to increase as miners in Building G are energized, until the building returns to its full capacity of 2.4 EH/s in November, bringing Riot’s total self-mining hash rate capacity to 12.5 EH/s.”Estimated Hash Rate GrowthThe Company has entered into a long-term purchase agreement with MicroBT, which includes an initial order of 7.6 EH/s of next-generation Bitcoin miners for its Corsicana Facility. Upon full deployment of this initial order by mid-2024, Riot’s total self-mining hash rate capacity is expected to reach 20.1 EH/s. Riot’s Power Strategy Continues to Assist in Stabilization of Texas Energy Grid During Summer Heat Wave Texas experienced another month of extreme heat in September 2023, causing demand and prices for electricity to spike. Riot continued to execute on its power strategy during the month, curtailing on days of peak demand and forgoing revenue from its Bitcoin mining operations to instead provide energy resources to ERCOT. The Company’s curtailment of operations continued to contribute to reducing overall power demand to help ensure that consumers did not experience interruptions in service. Conference Schedule: Human Resources Update Riot is currently recruiting for positions across the Company. Join our team in building, expanding, and securing the Bitcoin network. Open positions are available at: https://www.riotplatforms.com/careers. More
Udi Wertheimer and Eric Wall, prominent figures in the Bitcoin community, have been advocating for the inclusion of ordinals in Bitcoin’s security plan. Their advocacy comes amidst concerns over potential 51% and double-spend attacks, which could undermine the integrity of the cryptocurrency.The importance of maintaining a consistent demand for Bitcoin’s security budget has been highlighted, especially with the impending coinbase halving. This event, which effectively halves the reward for mining new blocks, is seen as a significant threat to miners’ profitability.In addition to Bitcoin, other cryptocurrencies such as Bitcoin Cash, Ethereum Classic, Bitcoin SV, and Bitcoin Gold were also referenced in the discussions. The necessity of filling four megabytes in block space was emphasized, a factor that impacts transaction speeds and costs across these networks.The situation has also affected inscription investors who are now awaiting lower mining rates. The discussion came with commentary on X (formerly Twitter), although the specifics of this commentary were not detailed.As Bitcoin ordinals fail to boost miners’ revenue as expected, the focus shifts towards finding sustainable solutions that ensure security and profitability in the long term.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
Both parties, along with their counsels, have been mandated by Judge Torres to hold an in-person meeting for at least an hour before the final pretrial conference set for April 16, 2024. This order is consistent with the previous ones given by Magistrate Sarah Netburn, who is supervising the SEC v. Ripple pretrial proceedings.Following the court’s summary judgment on July 13, 2023, Ripple and the SEC were directed to select three dates for a settlement conference if they deemed it beneficial. Despite having two settlement conferences since then, a resolution has yet to be reached.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
The cryptocurrency sector is also showing signs of optimism due to developments surrounding the Securities and Exchange Commission (SEC). The SEC has encountered setbacks in its lawsuits with Grayscale and Ripple XRP, cases that are projected to conclude by 2025. These legal hurdles have not dampened enthusiasm around spot Bitcoin ETF applications, such as the one submitted by Blackrock (NYSE:BLK).In addition to these industry-specific factors, macroeconomic events are playing significant roles in shaping the digital asset landscape. The recent averting of a US government shutdown is one such example. This event, coupled with Ripple’s inclusion in the Top 100 Fintech List for cross-border payments, has provided substantial stimuli for investors evaluating Bitcoin’s prospective trajectory.The next major event on the horizon for the crypto sector is the 2024 Bitcoin Halving. This event, which reduces the reward for mining new blocks by half, could have significant implications for Bitcoin’s value and the broader market dynamics. As these diverse indicators continue to evolve, investors are closely monitoring their potential impact on Bitcoin’s future performance.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
On Oct. 3, European Union officials said they identified four areas that need assessment regarding technology risk and risk of technology leakage: AI, advanced semiconductors technologies, quantum technologies and biotechnologies. Continue Reading on Coin Telegraph More
Working with the Deutsche Bundesbank, De Nederlandsche Bank, the European Central Bank and the Bank of France, the BIS has announced a successful PoC called Project Atlas (NYSE:ATCO) to gauge the macroeconomic relevance of cryptocurrency markets and decentralized finance (DeFi) protocols.Continue Reading on Coin Telegraph More
The analysis is anchored on the link between public sentiment and Bitcoin prices. Often, high optimism signals a market peak.CryptoQuant uses Google (NASDAQ:GOOGL) Trends data and coins purchased in the past month to support this preview.Presently, data indicates low public interest in Bitcoin, suggesting that the coin is far from its peaks. Accordingly, the analyst, pointing to CryptoQuant data, suggests that this might be a good time for traders to gradually accumulate.While the trader is bullish, a recent analysis by Mike McGlone points to possible liquidity challenges Bitcoin has to face as it steps into Q4 2023.Specifically, monetary policy shifts across the globe and risks of central banks resuming their interest rate hikes might adversely impact sentiment and capital inflow to Bitcoin and crypto.McGlone backed his claims with a one-year fed fund futures chart, suggesting Bitcoin needs to adjust downward for liquidity to improve.Bitcoin has remained relatively firm in 2023, aligning with other risk assets. According to the Bloomberg analyst, Bitcoin has strong resistance at $30,000. However, there is a possibility of BTC retracing to as low as $10,000.This article was originally published on Crypto.news More
