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From Bitcoin to AI: Core Scientific’s $6.1 Billion Denton Transformation
Bitcoin News - 21 November 2024, 5:45 pmCore Scientific is converting its cryptocurrency mining campus in Denton, Texas, into a $6.1 billion data center hub for artificial intelligence (AI) workloads, signaling a shift in its business strategy amid increasing demand for AI-driven computing. Core Scientific’s Denton Campus to Host $6.1 Billion AI Project Core Scientific’s (Nasdaq: CORZ) revised lease agreements and power…Read More
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Dormant Bitcoin Whale Awakens: 500 BTC Moved After 8 Years, $5.7M Sent to Gemini
Bitcoin News - 21 November 2024, 4:51 pmOn Thursday, bitcoin (BTC) hit $98,367 per coin before sliding to $96,524. That same day, a dormant whale from 2016 stirred after eight years, spending a hefty 500 BTC, now valued at $48.26 million. Long-Term Holders Come out of the Woodwork Long-term holders (LTHs) are stepping into the spotlight as bitcoin’s price ascends. Glassnode’s latest…Read More
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AI Predicts When XRP Could Hit $5, Gives Bullish Forecast for New Altcoin STARS
Bitcoin News - 21 November 2024, 4:00 pmTraders worldwide are turning to ChatGPT for insights and fresh ideas in the crypto market. The AI model has given its take on XRP – suggesting the token could hit $5 sooner than many think. It also had some exciting things to say about Crypto All-Stars, a presale project that’s raised over $4.8 million so…Read More
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Ethereum Rallies 7%, Outshines Bitcoin’s Modest Climb – Is the Tide Turning?
Bitcoin News - 21 November 2024, 3:22 pmOn Thursday, Nov. 21, ethereum (ETH) took the lead, climbing over 7% while bitcoin managed a 3% increase. Ether Dominance Shrinks, But Today It Steals the Spotlight from Bitcoin This year has been a rocky road for ethereum (ETH), but on Thursday, the digital asset reached an intraday peak of $3,362 per ether. As of…Read More
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Bitcoin Breaks All-Time Price Highs: Long-Term Holders Stir as Institutional Demand Surges
Bitcoin News - 21 November 2024, 2:05 pmBitcoin (BTC) continues to smash new lifetime price highs and long-term holders are starting to awake from slumber, according to Glassnode’s recent analysis. Institutional Investors Anchor Bitcoin’s Ascent as Analysts Warn of Profit-Driven Sell-Offs Glassnode and analysts Cryptovizart and Ukuria OC reported that this month’s surge was driven by capital inflows of $62.9 billion over…Read More
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Bitcoin ETFs Hit Historic $100 Billion Milestone in Net Asset Value
Bitcoin News - 21 November 2024, 1:10 pmBitcoin exchange-traded funds (ETFs) reached a historic milestone, with a total net asset value of $100 billion across the 12 ETFs. Bitcoin ETFs Hit $100 Billion, Representing 5.4% of Bitcoin Market Cap Bitcoin’s rally to a record $95,000 high on Wednesday saw bitcoin ETFs also hit a historic milestone of $100 billion in total net…Read More
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Bitcoin Hits $98,367 Lifetime High, Nears $2 Trillion Market Cap
Bitcoin News - 21 November 2024, 12:06 pmBitcoin (BTC) achieved a historic milestone, reaching an all-time high of $98,367 per coin, just 1.66% shy of the coveted $100,000 mark. Bitcoin Approaches $100K, Eyes Market Milestone On Thursday morning at 6 a.m. Eastern Time, the leading cryptocurrency bitcoin (BTC) rose 5.2% against the U.S. dollar in the past 24 hours and 7.8% over…Read More
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Shemaroo Entertainment and PWR Chain Announce Strategic Partnership to Revolutionize India’s Digital Entertainment through Blockchain Innovation
Bitcoin News - 21 November 2024, 12:00 pmPRESS RELEASE. Shemaroo Entertainment, a leader in India’s media and entertainment industry for over six decades, has announced a strategic partnership with PWR Chain, an advanced Layer 0 blockchain infrastructure. Through this alliance, PWR Chain becomes the official blockchain partner for ShemarooVerse, Shemaroo Entertainment’s immersive platform set to deliver next-generation immersive content. This partnership is…Read More
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President Milei Issues Advice to Elon Musk’s D.O.G.E.: ‘Cut to the Chase’
Bitcoin News - 21 November 2024, 11:30 amArgentine President Javier Milei, who self-describes as anarcho-capitalist, issued recommendations to Elon Musk, head of the Department of Government Efficiency (D.O.G.E.), to develop his deregulation and state cleaning role. In Lex Fridman’s podcast, Milei urged Musk to be efficient and relentless in achieving D.O.G.E.’s objectives. “Just cut to the chase, cut to the chase. As…Read More
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Michael Saylor’s Microstrategy ‘Infinite Money Glitch’ Explained: Is It Sustainable?
Bitcoin News - 21 November 2024, 10:30 amMichael Saylor, co-founder and Executive Chairman of Microstrategy, the company that pioneered Bitcoin reserves among institutions, seems to have found an infinite money glitch that turns debt and bitcoin into more money and bitcoin. But what’s the endgame, and is it sustainable? Michael Saylor’s Bitcoin Infinite Money Glitch Criticized Michael Saylor, once a bitcoin critic,…Read More