Mining

Gabbani, a hotel company based in Lugano, Switzerland, has unveiled an initiative to mine Bitcoin using excess energy from its food production facility. The new project is set to solidify Lugano’s status as the leading European blockchain hub. According to an official announcement by stablecoin issuing company Tether, Gabbani will install a Bitcoin mining system in its food production facility to harness excess energy as electricity costs in Europe continue to rise. Food...

TL;DR The approval of a spot Bitcoin ETF by the SEC has been a highly debated topic, and a recent false report claiming approval caused a temporary 10% increase in BTC’s price. The likelihood of Bitcoin reaching $100,000 after SEC approval depends on various factors, with institutional demand being a significant consideration. Increased institutional interest could lead to higher demand and drive up the price. Other factors, such as the regulatory environment and the timing...

Aside from announcing the new tool, OpenAI executives also shared valuable insights into future AI models. OpenAI is working on a new tool capable of detecting AI-generated images with remarkable accuracy levels. Mira Murati, the Chief Technology Officer of OpenAI, shared this development while speaking at the Wall Street Journal’s Tech conference in Laguna Beach, California. According to Murati, the image detection tool has a reliability rate of 99% in determining if the source of an...

The modern world is constantly changing and evolving, offering new opportunities. With the increasing popularity of cryptocurrencies, more and more people are looking to make money. One of the innovative methods that is gaining attention and popularity is cloud crypto mining, which provides access to passive income with a small initial investment. What is cloud mining? Cloud mining is an advanced method that utilizes rented cloud computing power to mine...

The viral newly launched stake-to-mine token Bitcoin Minetrix (BTCMTX) has managed to raise over $550,000 in less than a week as investors believe it has the ability to overhaul the scam-prevalent cloud mining sector. Bitcoin Minetrix (BTCMTX) offers the opportunity for everyday investors to start earning from cloud-based Bitcoin mining in an entirely transparent fashion. The project also provides exceptional staking APY rewards in addition to the earnings from BTC mining....

September of 2023 was a great month for Bitcoin mining companies. While the crypto world has been focused on the high-profile court cases regarding SBF and Celsius’ Mashinsky, Bitcoin miners have steadily been improving their hash rates, promising a greater future supply of the first cryptocurrency. News of record outputs from three Bitcoin mining firms coincides with reports of Kraken witnessing a 5-year ATH of BTC inflow and a 506.06M hash rate spike in mid-September,...

In a world where digital assets are rapidly gaining prominence, seizing opportunities for passive income has never been more appealing. TokenCoin, an industry leader since 2018, offers a groundbreaking solution that combines cutting-edge technology, user satisfaction, and the advantage of cloud mining. Join us on this journey as we delve into the world of TokenCoin’s cloud-based computational mining services and discover how you can pave your way to financial growth. The Power of Cloud...

Bitcoin’s price is currently situated in a critical area, and its reaction in the next few days will likely determine the market’s direction in the coming weeks. Technical Analysis By Edris The Daily Chart The price has recently surpassed the $27,500 resistance level on the daily timeframe after breaking above the 50-day moving average around the $26K mark. However, the price has been rejected by the 200-day moving average near the $28K level, leading to a pullback to the...

Eastern Asia ranks as the fifth most active crypto market, contributing 8.8% of global digital asset activity between July 2022 and June 2023. Its decline over the last few years has been notable – largely propelled by the big blow to the Chinese trading activity and mining sector. Chainlysis’ latest analysis signals a potential tailwind for the region East Asia owing to Hong Kong’s crypto initiatives and industry-friendly regulations that have been launched over the past...

After a period of consolidation, Bitcoin has shown positive signs by reaching its previous swing high amidst market uncertainty. However, as the price approaches a critical resistance zone, there is a possibility of a rejection. Technical Analysis By Shayan The Daily Chart Examining the daily chart, Bitcoin appeared to be stuck around the $25K mark, providing little indication of its future direction. Nevertheless, a bullish divergence between the price and the RSI indicator,...