Day: December 11, 2024

Riot Platforms completes $525M offering to buy Bitcoin

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Key Takeaways Riot Platforms raised $525 million to fund Bitcoin purchases and operations. Riot currently holds 12,000 Bitcoin, valued at approximately $1.2 billion. Share this article Riot Platforms, a leading Bitcoin mining company, has completed its $525 million senior note offering, according to a filing with the SEC. The private offering, initially announced earlier this week, will mature in 2030 with a 0.75% interest rate and aims to fund additional Bitcoin acquisitions and general corporate purposes. The offering, which netted approximately $511.5 million after expenses, includes provisions for conversion into…

Pudgy Penguins NFTs surpass Bitcoin as floor price breaks $100K

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Key Takeaways Pudgy Penguins NFT floor price reached an all-time high of 27 ETH, surpassing Bitcoin. The collection plans a PENGU token launch on Solana in 2024, marking a cross-chain expansion. Share this article The Pudgy Penguins NFT collection has achieved a significant milestone, with its floor price surpassing the $100K mark. The collection reached a new all-time high of 27 ETH, which at press time is equivalent to $102,600, surpassing Bitcoin’s price of $101,000. Pudgy Penguins floor price on OpenSea The project now ranks as the second-largest NFT collection…

POPCAT’s Firm Support At $1 Reignites Rally Toward New Heights

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POPCAT has reignited excitement in the market as buyers stepped in at the crucial $1 support level, halting the recent pullback and fueling hopes for a renewed rally. This strategic rebound underscores the token’s resilience and growing bullish momentum, setting the stage for a potential climb toward new heights.  With market sentiment shifting and technical indicators flashing promising signals, the question arises: Can POPCAT sustain this upward push and reach fresh milestones? Let’s dive into the technical indicators and market dynamics driving this pivotal moment. Technical Indicators Signal Strength: A…

Why It’s Not Too Late to Invest in Bitcoin

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For years, Bitcoin skeptics have watched from the sidelines, waiting for a moment to join the ride, only to convince themselves that they’ve already missed the boat. However, the reality tells a different story. Not only is it not too late, but Bitcoin continues to prove itself as a superior investment option compared to traditional assets—whether you have $25 a week to spare or millions to allocate. Bitcoin Magazine Pro has a free portfolio analysis tool, Dollar Cost Average (DCA) Strategies, which enables investors to measure Bitcoin’s performance against other…

Vancouver City Council to discuss proposal exploring Bitcoin as a reserve asset today

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Key Takeaways Vancouver city council is reviewing a proposal to explore Bitcoin as a reserve asset. The proposal aims to diversify the city’s financial reserves despite opposition citing Bitcoin’s volatility and legal restrictions. Share this article The Vancouver City Council will meet today to discuss numerous items, including a proposal from Mayor Ken Sim to explore Bitcoin as a reserve asset for the city, according to the council’s agenda. The motion, titled “Preserving the City’s Purchasing Power Through Diversification of Financial Reserves – Becoming a Bitcoin Friendly City,” proposes holding…

Google to launch advanced AI agents under its new Gemini 2.0 release

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Key Takeaways Google launches advanced AI agents to lead the agentic era as part of its new Gemini 2.0 release. Google introduces Deep Research feature in Gemini 2.0, enabling advanced reasoning and report compilation for complex topics. Share this article Google has announced its plans to launch advanced AI agents under its new Gemini 2.0 release. This is part of Google’s new goal to revolutionize task automation and user interaction, marking the beginning of what the company calls the “agentic era.” Sundar Pichai, CEO of Google and Alphabet, wrote: “Over…

Why and How to Backup Your Bitcoin

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If you’ve bought bitcoin, chances are that you want to self-custody. Without self-custody, you don’t really have bitcoin, so why wouldn’t you? Using a hardware device to set up an offline bitcoin wallet is generally recommended. But backing up your wallet is actually much more important than having a hardware wallet. Yet, bitcoin backups are often ignored as an afterthought. We’ll now be looking into why backing up your bitcoin wallet is crucial, but more importantly how to properly do it with the right products to secure your bitcoin holdings…

Ray Dalio Prefers Bitcoin Over Bonds

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Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, said he prefers investing in “hard money” like bitcoin and gold over debt assets, given rising global indebtedness. In a speech at the Abu Dhabi Finance Week conference, the veteran investor referred to “unprecedented levels” of debt seen in all major countries, including the United States and China, stressing that current levels are unsustainable. “It is impossible for these countries to be able to not have a debt crisis in the years ahead that will lead to a great…

Apple partners with Broadcom to develop “Baltra,” its first in-house AI server chip

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Key Takeaways Apple is collaborating with Broadcom to develop its first in-house AI chip, expected to enter mass production by 2026. The chip, named Baltra, will focus on processing new data and transferring it to large language models. Share this article Apple is collaborating with Broadcom to develop its first in-house AI server chip, internally codenamed Baltra, according to The Information, citing people with knowledge of the matter. Expected to be ready for mass production by 2026, the Baltra chip is designed to accelerate AI tasks, specifically focusing on inferencing.…

What is a firmware update? Learn why it’s important

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Share this article Firmware updates are a critical aspect of maintaining cryptocurrency mining hardware like ASICs. Firmware, the software embedded directly into hardware, ensures functionality and operational security. Regular updates are essential to address vulnerabilities, improve performance, and extend hardware lifespan. An ASIC firmware update can significantly enhance mining efficiency. For example, upgrades often resolve bugs that may affect hashrate and energy efficiency, resulting in improved profitability. According to Gartner, over 70% of firmware vulnerabilities arise from outdated systems, making timely updates crucial for security and performance. ASIC miners typically…