Author: faizimrd

Bitmain Commits $54 Million Investment in Core Scientific, Inc. Amid New Supply Contract

faizimrd

At the World Digital Mining Summit, Core Scientific, Inc. (OTC: CORZQ), a North American leader in blockchain computing data centers and software solutions, disclosed a significant investment from Bitmain, the globally recognized manufacturer of digital currency mining servers. Bitmain’s commitment amounts to $53.9 million, further cementing the bond between the two industry giants. This collaboration will see Bitmain furnishing Core Scientific with 27,000 of its latest Bitmain S19J XP 151 TH bitcoin mining servers. The transaction involves a $23.1 million cash payment and an equity exchange worth $53.9 million in…

Read More

Nic Carter doubles down on theory Bitcoin was invented by NSA

faizimrd

Bitcoin advocate Nic Carter has come out to reiterate his support for the theory that the United States National Security Agency (NSA) had something to do with the creation of Bitcoin (BTC). On Sept. 15, Iris Energy co-founder Daniel Roberts seemingly revived the decade-old theory on X after posting screenshots of a 1996 paper titled “How to Make a Mint: The Cryptography of Anonymous Electronic Cash.” The paper is one of the first known discussions of a Bitcoin-like system, which proposes using public-key cryptography to allow users to make anonymous payments…

Read More

Ottochain Homage to EVMOS and Ethereum Layer Two

faizimrd

September 20, 2023 – Dubai, United Arab Emirates In the world of blockchain technology, where each day brings new possibilities and challenges, the spirit of collaboration and open-source development stands as the beacon guiding us forward. Ottochain, a trailblazing multi-chain ecosystem, is thrilled to pay homage to EVMOS and Ethereum layer two – the giants on whose shoulders it proudly stands. Today, Ottochain is excited to announce its open invitation to the EVMOS and Ethereum layer two communities, extending a hand of collaboration and showcasing its commitment to innovation, community…

Read More

Bitcoin ETFs or not, don’t expect a ‘sexy’ crypto bull run: Concordium founder

faizimrd

The next crypto bull run will look nothing like the last one and investors should tame their expectations of an imminent rocketing of cryptocurrency prices. At least that’s what Lars Seier Christensen, the founder of enterprise blockchain Concordium told Cointelegraph in a recent interview. As the majority of the crypto market looks to the swathe of proposed spot Bitcoin (BTC) exchange-traded funds with bullishness, Christiensen is doubtful their approval will be an immediately meaningful driver for the crypto markets. “Even if you do get a Bitcoin rally — I don’t think…

Read More

Wall Street Sees Blockchain Technology as a Game-Changer

faizimrd

HodlX Guest Post  Submit Your Post   Wall Street is placing a lot of hope on blockchain technology to streamline asset trading. Analysts predict that $5 trillion worth of assets could be tokenized on blockchains by 2030. However, stringent market regulations and the SEC’s reputation for being leery of cryptocurrencies could put a brake on the financial sector’s ambitions. According to a report by asset management firm Bernstein, tokenization of assets translates into a $5 trillion opportunity over the next five years, with $2 trillion in currency and bank deposits and…

Read More

China suffers worst capital flight in years, but could it pump Bitcoin?

faizimrd

Bitcoin (BTC) could see “substantial inflows” from China within the next few months, amid a weakening Chinese yuan and one of the country’s biggest capital flights in years.  “The familiarity of Bitcoin by Chinese investors in times of a weakening domestic economy could see substantial inflows into Bitcoin over the next few months,” said Markus Thielen, head of research and strategy at Matrixport. Latest official data — compiled by Bloomberg — shows China’s capital outflows hit $49 billion in August, the largest monthly capital outflow since December 2015, potentially spelling…

Read More