Gold experiences “extreme greed” as it gains the equivalent of the entire bitcoin market value in a single day
Gold’s Surge: A Crowded Affair Gold’s recent climb is starting to resemble a crowded event rather than a stable upward trend. Late Wednesday, the price of gold hit over $5,500 per ounce, which astonishingly boosted its notional value by about $1.6 trillion in just a single day—an amount comparable to the entire market capitalization of […]
Bitfarms intends to transform a former Bitcoin mining site near Moses Lake into an AI data center.
Moses Lake Server Farm to Transition to AI Data Center A large server farm near Moses Lake, previously used for Bitcoin mining, is set to be demolished and replaced with a high-performance computing and artificial intelligence data center, according to recent city planning documents from January 20. The City of Moses Lake has outlined a […]
Riot Platforms Redefines Bitcoin Mining Narrative with AMD AI Data Center Agreement
Riot Platforms (NasdaqCM:RIOT) has entered into a 10-year lease agreement with AMD for a data center aimed at high-performance computing and AI tasks. Additionally, the company has acquired 200 acres at its Rockdale site to facilitate a significant expansion of its data center operations. This indicates a shift in focus from solely Bitcoin mining to […]
Bitcoin and Ethereum Hold Steady as Interest Rates Remain the Same
Federal Reserve Keeps Interest Rate Steady The Federal Reserve decided on Wednesday to maintain its benchmark interest rate, amid ongoing calls from the White House to hasten monetary easing. This move emphasizes a data-driven strategy that seeks to carefully navigate the balance between the U.S. labor market and inflation challenges. As anticipated, the federal funds […]
Bitcoin Supporters and Cypherpunks Disappointed in Trump After Deadly Minneapolis Shooting
Simply put The White House’s reaction to Alex Preti’s death has upset some Bitcoin advocates. Many view the incident as related to Second Amendment rights. The cryptocurrency community has roots in libertarian ideals. The crypto sector has generally supported US President Donald Trump and his aim to establish the US as the “crypto capital of […]
Michael Saylor discusses the biggest threat to Bitcoin
The Rise of Michael Saylor in Bitcoin Advocacy When I first came across the term Bitcoin (BTC) in the mid-2010s, Michael Saylor wasn’t a part of the conversation. Fast forward to today, and it’s hard to discuss Bitcoin without bringing him up. Back in 1989, Saylor co-founded MicroStrategy, a software company. But everything changed for […]
Tucker Carlson questions Peter Schiff about Bitcoin as a potential new global reserve currency.
Peter Schiff Critiques Bitcoin in Interview In a recent chat with media figure Tucker Carlson, Peter Schiff, a vocal advocate for gold, reiterated his critical stance on Bitcoin and the entire cryptocurrency scene. During the discussion, Schiff described Bitcoin (BTC) as a speculative tool lacking “real use,” and expressed concern that the US strategic reserve […]
Bitcoin stays below $88,500 while gold rises above $5,000 and silver loses its gains.
Bitcoin and Cryptocurrency Update Bitcoin traded below the $88,500 mark at the start of the week, amidst a softening cryptocurrency market. This comes as investors eye crucial decisions from the Federal Reserve and the financial performance of major tech companies. The leading cryptocurrency hovered around $88,400 during Asian trading hours, experiencing a slight decline on […]
Bitcoin investor feelings dampen due to concerns over US shutdown and Fed policies
Key Insights Recent data indicates that professional traders are willing to pay additional fees in order to safeguard against potential price drops in Bitcoin. While gold has reached new all-time highs, Bitcoin seems to be plateauing as investors lean towards more traditional safe-haven assets. On Sunday, Bitcoin (BTC) experienced a slight increase of 1.5%, hovering […]
Bitcoin update: BTC remains close to this year’s low while precious metals attract interest.
Bitcoin is currently around $88,000, showing some slight recovery after a weekend sell-off, though it’s lower than the near $90,000 mark from late Friday. The drop on Sunday was largely due to worries about a possible government shutdown on January 31 and the subsequent liquidity issues, yet this news didn’t seem to affect the precious […]