NFT News by Thebittimes.Com

The new BRICS member Ethiopia is signing Bitcoin mining deals with its alliance partner China. The Ethiopian State Electricity Company launched affordable hydropower to attract foreign investments into the country. Ethiopia’s pursuit for foreign exchange currencies netted China’s interest making the two BRICS countries sign a Bitcoin miners deal. China found Ethiopia’s hydropower electricity affordable and lucrative, attracting the perfect opportunity for Bitcoin miners. Also Read: BRICS : US Dollar Ranks 10 Out of 180 Global Currencies BRICS member Ethiopia is the first African country to take precedence over concerns raised by climate change activists. The deal has positioned Ethiopia to be among the leading destinations for Bitcoin mining and BRICS is making the most of the situation. BRICS Starts Bitcoin Mining: China’s BTC Miners Find Haven in Ethiopia Source: chinaobservers.eu A Bloomberg report sheds light that 19 Bitcoin miners from China ...

Core Scientific has rejected a multi-million-dollar administrative claim from Celsius Network, arguing it's owed an even higher amount from the crypto lender. Bankrupt Bitcoin (BTC) mining firm Core Scientific has objected to paying a $4.7 million administrative claim put forward by crypto lender Celsius Network, leading to a battle between the firms over contractual obligations. According to the objection, which was filed in Texas bankruptcy court on May 5, Core Scientific has asked that Celsius Network’s $4.7 million administrative claim s be rejected as the firm cannot prove it is entitled to one. “Celsius’ request for allowance and immediate payment of the Celsius alleged admin claim ignores that Core has substantial claim s against Celsius, which Core believes exceed the Celsius alleged admin claim ,” wrote the objection. For context, Core first signed a contract with Celsius in 2020 to host its cryptocurrency holdings in Core’s data centers. However, due to an increase in ...

Bitcoin mining company TeraWulf has fired up a new “behind the meter” mining facility powered by 100% nuclear power in Pennsylvania. United States-based Bitcoin mining company TeraWulf has fired up a new crypto mining facility in Pennsylvania — solely running on nuclear power generated on-site.  In Mar. 6 statement, TeraWulf said the Nautilus Cryptomine facility is its first “behind the meter” Bitcoin (BTC) mining facility , which refers to using energy directly at the generation site without traveling through the grid. It's official... The first nuclear-powered mining facility in the U.S. is hashing!!! $WULF https://t.co/tLndh2bKOz@BitcoinMagazine @BTCTN @keremkaradagcom @crypto @decryptmedia @benzingacrypto @BTC_Archive — TeraWulf (@TeraWulfInc) March 6, 2023 The Nautilus Cryptomine directly sources carbon-free baseload power from the 2.5 gigawatt (GW) Susquehanna nuclear generation station on site. Paul Prager, Chairman and CEO of TeraWulf claims the Nautilus mining ...

On-chain analysis gives compelling reasons why BTC price could be in the final stages of a bottoming process. After a whirlwind November for Bitcoin (BTC), certain on-chain and Bitcoin price metrics are suggesting that BTC’s bottom could occur in December. In Capriole Investments' latest report, they provide analysis on Bitcoin finding the bottom. When taking into realized value, miner capitulation, mining electrical costs, downdraw and record hodler numbers, a BTC floor of $16,600 - $16,950 seems formed.  Here are five reasons why Edwards believes Bitcoin price is coming closer to a cycle bottom. SLRV Ribbons flash a buy signal The SLRV Ribbons track investment flows by combining the 30-day and 150-day moving averages to the SLRV Ratio which is a percentage of the Bitcoin moved in 24 hours divided by BTC held for 6-12 months. Bitcoin SLRV Ribbons. Source: Glassnode According to Charles Edwards, the SLRV Ribbons outperform the BTC HODL strategy, making it a strong indicator of whe...

Top10 News 1、Aptos: Mainnet Launch, Release of Token Economics, Airdrop On October 17, Aptos Labs announced the launch of its mainnet, Aptos Autumn, followed by the release of token economics and the announcement of an APT token airdrop for early participants. 2、74 million $HT suspected to have been transferred to  Justin Sun's wallet from huobi wallet link 3、WhatsMiner Announces Production of Bitcoin Miners in the United States WhatsMiner, the world's second largest bitcoin miner manufacturer, recently announced that it is officially producing bitcoin miners in the U.S., with Synos Corp OEM, currently producing mainly air-cooled miners, with capacity currently at 10,000 miners per month, which could scale up to 30,000 miners per month in the future. With China cracking down on bitcoin mining , mining machine manufacturers have been moving their factories out of the country. Bitmain is primarily focused on its Malaysia factory. 4、Since October, KuCoin has increased its monitori...

Just a day back, Bitcoin mining difficulty surpassed the 35.61 trillion mark to create a new record high. The said incline was, notably, the largest spike since 13 May 2021. Parallelly, the previous week, the mining hashrate also crossed 300 EH/s to create a new ATH. Read More: Bitcoin mining difficulty attains new ATH: Largest spike since May 2021 A New Bitcoin mining product is in town Now, according to reports, crypto-mining services firm Luxor Technologies has started offering a first-of-its-kind product that will aid institutional investors, hedge funds, etc. to bet on Bitcoin miners’ revenue. The derivative offering—Luxor Hashprice NDF—will provide direct exposure to revenue, shielding it from other variables like operational costs. As such, the revenue earned per Exahash by Bitcoin miners has been in a persistent and long-term downtrend. In fact, the BTC-denominated reward has been hovering around its all-time low of 4.06 BTC per EH per day. ...