Day: October 9, 2024

Ethiopian Bitcoin mining gets 600MW boost as country signals support for industry

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Ethiopia is emerging as a fast-growing Bitcoin mining hub, with local miners already consuming 600MW of power and more capacity expected to come online this year. Ethiopia’s Bitcoin (BTC) mining industry is gaining momentum, with crypto miners currently consuming 600MW of power, Ethan Vera, the co-founder and COO of Luxor Mining, said in an X thread, citing data from Ethiopian Electric Power. The country, which has approximately 5,200 MW of installed generation capacity, predominantly from hydropower, with wind and thermal sources making up the remainder, is expected to add several…

Bitcoin Staking Protocol Babylon Attracts About 24,000 BTC in Deposits

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staking Bitcoin protocol Babylon has achieved a major milestone, pulling in 23,891.67071126 BTC in confirmed total value locked (TVL) and attracting 25.31K stakers after lifting the cap on its second staking round. This significant increase in participation underscores strong investor confidence and robust demand within Babylon’s decentralized finance (defi) ecosystem. The platform’s aim to provide […] Original

Changes to our services for businesses

We are committed to modernising our service and investing in tools that enable us to give time-pressed businesses access to our advice and expertise 24/7. From 11 October, we will be piloting some changes to the way we provide support to businesses. Instead of first calling our phone line, businesses can access a wide and growing range of online resources to get the certainty they need on any data protection concerns. Our expert advisers will still be on hand to provide businesses with additional support via the live chat facility…

Bitcoin’s Non-Realized Profits Hit Negative Levels—What Does This Mean for Investors?

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As Bitcoin is currently still struggling to reclaim major highs, a recent analysis of its fundamentals has highlighted a possible buying opportunity for Bitcoin based on insights from the Non-Realized Profit metric. A CryptoQuant analyst known as Darkfost highlighted this metric’s importance in a recent post on the CryptoQuant QuickTake platform, mentioning what its trend means for investors. According to the analyst, the Non-Realized Profit metric offers a window into the unrealized gains or losses held by Bitcoin investors, which can influence future market movements. Understanding The Current Zone In…

Preparing for the quantum-enabled future

Stephen Almond is the ICO’s Director of Regulatory Risk. Quantum technologies are advancing at pace, offering huge potential to improve our lives. For example, researchers are already using the next generation of certain quantum sensors to collect highly granular information about people’s brain patterns to improve medical research and diagnostics, while there are ongoing efforts to test real world applications for early stage quantum computers. As the UK’s data protection regulator, we are committed to supporting quantum technology innovation in a way that protects people’s personal information and fundamental rights.…

Spot Bitcoin and Ethereum ETFs experience joint outflow day

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Spot Bitcoin ETFs in the U.S. broke their two-day inflow streak on Oct 8, registering a day of negative flows, while spot Ether ETFs followed suit, logging outflows after a day of stagnation. According to data from SoSoValue, the 12 spot Bitcoin ETFs saw net outflows totaling $18.66 million, signaling a potential shift in investor sentiment amid a broader market slowdown. This decline comes after these funds collectively attracted an impressive $260.78 million in inflows over the previous two days. Fidelity’s FBTC and Grayscale’s GBTC lead outflows Fidelity’s Bitcoin ETF…

Shiba Inu Earns Recognition For Charitable Contributions – Impact On Price

Shiba Inu (SHIB) was announced by a prominent crypto personality as the most donated meme coin as these type of coins continue to grow in importance for charitable causes. This kind of recognition shows how these digital assets can benefit communities and gain business traction. Shiba Inu: On Praise & Performance Meme coin projects have earned praise from Ethereum co-founder Vitalik Buterin for donating a percentage of their token supply to charity. He thanked the projects and efforts dedicated to this cause in a post on X. Some “meme coins”…

Crypto Analyst Predicts Massive 8,400% Rise For XRP Price To $44, Calls It ‘Conservative’

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Este artículo también está disponible en español. Crypto analyst Egrag Crypto has predicted that the XRP price will rise 8,400% to $44. Interestingly, the analyst suggested that the crypto could still reach a higher price target, calling the $44 price level “conservative.” XRP Price To Reach $44 Egrag Crypto predicted in an X post that the XRP price would reach $44. He highlighted this price level as one of the conservative targets based on the current cycle and the Fib Channel. The $44 price level is the target based on…