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Starcloud plans to mine Bitcoin from orbit using ASIC hardware, arguing the economics of space computing favor specialized mining chips over GPUs. Starcloud, an Nvidia-backed orbital data center startup, said it will start mining Bitcoin from space later this year when its second spacecraft is launched, positioning it to become the first company to mine Bitcoin off Earth. Starcloud “will...
BTC price upside returned during Wednesday's Asia trading session as Bitcoin attacked a long-term trend line and psychological levels. Bitcoin passed $71,000 on Wednesday as geopolitical tensions fueled ongoing volatility. Key points: Bitcoin price action teases a fresh breakout after failing to hold $70,000 since January. Analysis sees the end of a large “accumulation phase” now in play. Geopolitical nerves stay...
Bitcoin avoided a fresh breakdown around major geopolitical events in the Middle East, with BTC price targets now including $74,000 next. Bitcoin ignored geopolitical volatility on Sunday as traders waited for markets’ Iran reaction. Key points: Bitcoin coils around $67,000 as the dust settles on a wild weekend in the Middle East. TradFi market reactions are in focus, with BTC price...
China’s rapid AI infrastructure expansion threatens to shape crypto’s future. The US must prioritize energy and open rails to lead. Opinion by: JP Richardson, co-founder and CEO of Exodus As the United States approaches its 250th anniversary, it’s worth remembering how past American eras were won. Infrastructure turned innovation into economic power: canals, railroads, ports, highways, electrification and energy...
Bitcoin bulls enjoyed a relief rally to $69,000 on the back of soft US CPI inflation data amid hopes of BTC price action making a "higher low." Bitcoin BTC$67,371 gained at Friday’s Wall Street open as a fresh US inflation surprise boosted the mood. Key points: Bitcoin price action heads toward key resistance after US CPI inflation data cools beyond...
Crypto funds saw $173 million outflows last week as Bitcoin and Ether slipped, while XRP and Solana bucked the trend across global markets. Crypto investment products failed to attract enough inflows last week to reverse negative sentiment and clocked a fourth consecutive week of outflows. Crypto exchange-traded products (ETPs) recorded $173 million in outflows, following the previous week’s $187 million, according to a...
After the bankers shared a document at the White House demanding a total ban on stablecoin yield, the crypto side answers that it needs some stablecoin rewards. The Digital Chamber has offered a response to bankers opposing stablecoin yield, and the White House may hold another meeting. What to know: The U.S. Senate's crypto market structure bill has been waylaid...
Super Bowl LX featured 10 ads for different AI products, and some observers believe it could be a sign that the AI financial bubble will soon burst. Advertisements for the Super Bowl — the championship game of American football — are some of the most watched and most expensive. The game on Sunday boasted some 127 million viewers, making it the most-viewed...
Crypto achieved seamless cross-platform operations, while banks remain fragmented across categories. Over 700 million users choose convenience over institutional boundaries. Opinion by: Gracy Chen, CEO of Bitget Over the past decade or so, the relationship between traditional and alternative finance has undergone significant changes. It used to be “banks vs. crypto” for a while. Now, that narrative no longer fits...
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