Sphere 3D to Buy 60K NuMiner Machines for $1.7B

โ€œThe NM440 boasts a 440 TH/s processing hash rate, more than 8x the average bitcoin miner, with ~75% less energy usage, as substantiated by leading third-party testing company TรœV Nordโ€™s certified lab BTL,โ€ said Anthony Melman, chairman of NuMinerโ€™s global board of directors. Melman was also appointed to Sphere 3Dโ€™s board, effective March. Source

Sphere 3D Signs $1.7B Deal to Buy 60K NuMiner Machines

The deal for 60,000 miners for roughly $1.7 billion will make the NM440 modelsโ€™ pricing around $28,000 each. The miners are being produced in coordination with leading technology suppliers, including Taiwan Semiconductor Manufacturing Company, Foxconn and Xilinx, according to NuMinerโ€™s statement. Deliveries will start in the second quarter of 2022. Source

Jump Crypto Replaces $320 Million in Ethereum Taken From Wormhole Exploit โ€“ Bitcoin News

Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Original

Bitcoin On-Chain Demands Suggests That The Market Has Reached Its Bottom

Bitcoin on-chain analysis can be a good way to try to guess where the market is headed. The market tends to repeat itself with metrics looking the same before a bull or a bear rally, thus making this data a pretty good indicator of whatโ€™s to come. Analyst Willy Woo uses this same data to demonstrate a pattern that occurs before the bull rally, the criteria which are being met once again. Start Of A Bull Run? In a recent string of tweets, analyst Willy Woo presents data from on-chain…

Stocktwits Opens Cryptocurrency Trading Services to Its Customers

Stocktwits, a social ย  ย trading platformย  Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the companyโ€™s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts…

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South Park destroys Matt Damon’s Crypto.com ad in season premiere

More than three months after its release, the ad from crypto exchange Crypto.com featuring Hollywood star Matt Damon was the subject of ridicule in the latest episode of the animated series South Park. In the first episode of its 25th season titled โ€œPajama Dayโ€, the creators of South Park took on people in the United States refusing to wear a mask and once again associated crypto investments with scams. Characters in the show attacked Damonโ€™s appearance in an TV spot titled โ€œfortune favors the braveโ€, showing the actor speaking about…

Bitcoin bulls may ignore Fridayโ€™s $730M options expiry by saving their energy for $40K

The past few months have been less than pleasant for Bitcoin (BTC) bulls, but they are not alone. Persistent comments from the United States Federal Reserve hint at plans to raise interest rates in 2022 and thi is causing investors to seek protection in inflation-protected bonds. The monetary authority signaled its intention to substantially raise the benchmark interest rate and they will also gradually reduce the monthly purchase of debt assets. Even though some crypto investors deem Bitcoin digital scarcity as inflationary protection, that does not change its volatility. In…