Google’s DeepMind researchers have unveiled a new method to accelerate AI training, significantly reducing the computational resources and time needed to do the work. This new approach to the typically energy-intensive process could make AI development both faster and cheaper, according to a recent research paper—and that could be good news for the environment. “Our […]
Bit Digital and Iris Energy reported June Bitcoin (BTC) mining results on July 5, posting one-year hash rate increases alongside reduced BTC output since April. Bit Digital reported a hash rate of 2.57 exahashes per second (EH/s) as of June 30, up from 2.54 EH/s in May and 1.78 EH/s in June 2023. The firm […]
The US Bureau of Labor Statistics reported Friday that employers added 206,000 jobs in June. The unemployment rate rose slightly to 4.1%, above the estimated 4.0%, while average hourly earnings remained at 0.3% monthly. Although this suggests that the US job market continues to experience healthy growth, there has been a muted response in crypto […]
The cryptocurrency market has been bleeding out in the last 24 hours, with the total capitalization plummeting to as low as $2.07 trillion (an 8.6% decrease on a daily scale). The majority of leading digital assets are well in the red, with only a few defying the negative trend with mere increases. Bitcoin Slips Way […]
TLDR Bitwise has filed an amended S-1 registration for its Ethereum ETF ahead of the July 8 deadline. Analysts predict Ethereum ETFs could begin trading in mid-July. The SEC approved 19b-4 forms for eight spot Ethereum ETFs on May 23, but final S-1 approvals are still pending. Several ETF issuers, including Bitwise, are offering fee […]
Binance, a leading cryptocurrency exchange, has announced its support for the Galxe (GAL) token swap, redenomination, and rebranding to Gravity (G). This transition will involve several critical dates and actions for users holding GAL tokens, according to the official announcement. Key Dates and Actions On July 15, 2024, at 03:00 […]
As Bitcoin, the flagship cryptocurrency asset continues to garner support from leading figures in the industry, Chris Wood, the Chief strategist at Jefferies in a daring statement that might change people’s perceptions of digital currencies has suggested that the potential collapse of the United States Dollar Paper Standard could significantly benefit BTC holders in the […]
TL;DR The cryptocurrency sector saw a significant correction, with meme coin market capitalization dropping 10% to $46.4 billion; Shiba Inu (SHIB) fell by 6% daily and 8% weekly. On the other hand, some tokens linked to political figures, like Kamala Horris (KAMA), saw gains. Meme Coins in Red Territory The cryptocurrency market experienced another significant […]
Bitcoin (BTC) miners Marathon Digital and Riot Platforms have doubled their hash rate since June 2023 amid various degrees of change at other firms. On July 3, Marathon reported an average operational hash rate of 26.3 exahashes per second (EH/s) in June, representing a 102% yearly increase from 13.0 EH/s. The change also marks a […]
Bitcoin has dropped to as low as $58,000 in the last 24 hours, having failed to once again hold above the crucial support at $60,000. Different analysts have suggested that the CME gap caused this price decline and that BTC could enjoy a relief bounce going forward. The CME Gap Caused Bitcoin To Decline Below […]
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