U.S. President and Republican presidential candidate Donald Trump stated on Monday that if elected, he would consider appointing Tesla CEO Elon Musk to a cabinet or advisory role. Trump praised Musk as a “brilliant” and “very smart guy,” expressing his openness to involving the Tesla boss in his administration if Musk were willing. Recently, Musk […] Source: https://news.bitcoin.com/donald-trump-considers-elon-musk-for-cabinet-role/
Brazil’s securities regulator approved a second Solana exchange-traded fund (ETF) this week, marking the second such move in August. While the altcoin-based investment vehicle is gaining traction in Brazil, however, the path to similar approvals in the United States remains unclear. The new Solana ETF, approved by the Comissão de Valores Mobiliários (CVM) on Tuesday, will be offered by Brazil-based…
Economist and gold advocate Peter Schiff predicts that “precious metals mining will be the best-performing sector” this decade. He highlighted that “gold mining stocks are a steal” and anticipates “a major bull market.” Additionally, Schiff cautioned that the Federal Reserve risks making a policy mistake by cutting interest rates too soon. ‘The Stage Is Set […] Source: https://news.bitcoin.com/peter-schiff-expects-gold-mining-to-be-best-performing-sector-this-decade-foresees-major-bull-market/
Publishing powerhouse Condé Nast on Tuesday joined the growing list of firms making deals with OpenAI, the creator of ChatGPT. The deal gives OpenAI and its SearchGPT prototype access to the publisher’s extensive catalog of articles from magazines, including Wired, The New Yorker, GQ, and Vogue. “We’re combining our conversational models with information from the web to give you fast…
Nigeria’s Securities and Exchange Commission (SEC) has announced that it has not yet issued any crypto licenses, contrary to some reports. The SEC plans to start issuing licenses for digital services and tokenized assets in August 2024. This move follows increased scrutiny of crypto exchanges and a push to regulate the industry, including a mandate […] Source: https://news.bitcoin.com/nigerias-sec-denies-issuing-provisional-crypto-licenses/
While gold is hitting new highs, the oft-touted “digital gold” has failed to keep up. Bitcoin proponents have long claimed that the cryptocurrency’s unique selling point is that it’s a long-term store of value, just like the precious metal. And the biggest and oldest virtual coin has in the past performed like gold. But that isn’t happening right now. Gold…
Bitfufu Inc., a Nasdaq-listed cloud mining services company, announced a 69.7% revenue jump for the second quarter of 2024, bringing in $129.4 million. The Singapore-based firm, established in 2020 by CEO Leo Lu, credited this growth largely to a substantial increase in cloud mining revenue, which made up more than half of the quarter’s earnings. […] Source: https://news.bitcoin.com/bitfufu-reports-70-revenue-growth-in-q2-2024-cloud-mining-clients-pay-77-million/
Crypto’s growing interest in blockchain-based prediction platforms shifted into high gear Monday, as the Solana-based decentralized exchange Drift Protocol released BET. Short for Bullish on Everything, Drift’s offering is set to compete with Polymarket as a divisive U.S. election season spurs massive amounts of bets on the leading platform. Ramping up to speed, Drift’s product was released in alpha, with…
Bit Digital, Inc. has shared an update on its journey into artificial intelligence (AI) services by securing a binding term sheet with Boosteroid Inc., a major player in the cloud gaming industry. This partnership highlights Bit Digital’s strategic direction, which focuses on enhancing its AI capabilities through its existing digital asset mining infrastructure. Bit Digital […] Source: https://news.bitcoin.com/bit-digital-expands-ai-and-hpc-footprint-signs-700-million-agreement-with-boosteroid/
Ethereum, the world’s second-largest blockchain network, is experiencing a shift as gas fees plummet to their lowest levels in years, and industry experts suggest the dramatic reduction in transaction costs could signal a potential price bottom for ETH—despite concerns over reduced token burning and increased supply. The current landscape—shaped by decreased network demand, layer-2 network adoption, and recent upgrades—presents both…
