Day: October 21, 2024

Robinhood unveils Solana crypto transfers for EU users

Robinhood Crypto has added support for Solana crypto transfers for users in the European Union, according to an announcement. The platform announced on Oct. 21 that its customers in the EU can now transfer Solana (SOL) and earn a 1% deposit bonus. Notably, SOL transfers on Robinhood Crypto come a few weeks after the company rolled out crypto transfers for customers in Europe. With the feature, customers can deposit and withdraw over 20 different cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH) and USDC (USDC). All deposits attract a 1% bonus, with…

9 AI Chatbots Forecast Bitcoin’s Price Under Trump vs. Harris—Here’s What They See

boss

On Oct. 20, 2024, bitcoin’s price broke past the $69,000 mark, leaving many in the market eager to see what’s next. With the 2024 U.S. elections approaching, bitcoin (BTC) prices could swing unpredictably, given the speculation surrounding the face-off between Donald Trump and Kamala Harris. As prices continue to rise, we gathered several generative artificial […] Original

Bitcoin miner Revolve Labs proposes $60m data center in Minnesota

boss

Colorado-based Bitcoin mining company Revolve Labs has announced plans to build a $60 million data center in Glencoe, Minnesota, as part of its effort to expand its mining capacity.  The proposed facility would include one or two AI data centers, cooling systems, and backup generators, according to the Minnesota Star Tribune. Its goal is to bolster the company’s ability to process Bitcoin (BTC) transactions while addressing local concerns about noise pollution. The facility, currently in the preliminary planning stages, would employ around 10 people and could cost between $40 million…

Machine Learning Algorithm Predicts XRP Price Direction For This Week, What To Expect

boss

Este artículo también está disponible en español. The XRP price is currently trading at $0.554, having increased by 3% in the past 24 hours. However, XRP largely remains in the red in a 30-day timeframe, having broken below the $0.6 threshold earlier in the month. At the time of writing, XRP is down by 5.3% in the past 30 days. According to CoinCodex, a machine learning algorithm, XRP should continue on a bullish trajectory this week. According to its latest forecast, XRP is on track for upward momentum this week…

Crypto On-Ramp Service Transak Targeted in Data Breach

“This breach has impacted all KYC [know your customer] DATA processed through Transak’s infrastructure,” the ransomware group claimed in a public Telegram group that it operates. “We have extracted more than 300GB of data, which includes sensitive personal documents such as government-issued IDs, proof of address, financial statements, and user selfies.” Source

BlackRock’s $26b Bitcoin ETF crowned fastest growing fund

boss

Wall Street’s demand for Bitcoin products surged last week, with $1.1 billion in new cash captured by BlackRock’s spot Bitcoin exchange-traded fund. Bitcoin (BTC) has become a major focus for U.S. wealth management heavyweight BlackRock as its spot Bitcoin ETF outpaced several traditional finance offerings. Investors have injected $26 billion into BlackRock’s IBIT, 10 months after spot Bitcoin ETFs debuted in mid-January. The fund has broken into the top 2% of all ETFs in the U.S., and last week’s inflows marked another milestone for BlackRock’s Bitcoin ETF. BlackRock’s IBIT accounted…

A New Fed Working Paper Aims to Rein in Bitcoin With Taxes or Prohibition—Here’s Why It’s Flawed

boss

In a working paper, Amol Amol and Erzo G.J. Luttmer from the Federal Reserve Bank of Minneapolis argue that prohibiting bitcoin or imposing specific taxes could help governments implement permanent primary deficits effectively. Their research explores the impact of bitcoin on fiscal policies and offers potential solutions. The Case Against Bitcoin: The Minneapolis Federal Reserve’s […] Original