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September 2024

Whales Selling Bitcoin May Push BTC Below K Amid Upcoming US Interest Rate Cut

Whales Selling Bitcoin May Push BTC Below $50K Amid Upcoming US Interest Rate Cut

Leave a Comment / Bitcoin News /

Selling pressure for Bitcoin may increase further in the run-up to the September 18 U.S. interest rate cut. The question is, will Bitcoin drop under $50,000 this weekend? The BTC/USD pair is likely to fall below the $50,000 psychological level as early as this weekend, especially if September, a historically bearish month, exerts downward pressure. […]

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Converting Bitcoin Mining Sites to AI Data Centers is a Costly Challenge: Sabre56 CEO

Converting Bitcoin Mining Sites to AI Data Centers is a Costly Challenge: Sabre56 CEO

Leave a Comment / AI /

As per the words of Phil Harvey who is the CEO of the company, Bitcoin miners will on average get about $1. 50 in terms of revenues per terahash monthly in the current run of the market cycle. While Bitcoin mining firms try to expand the business into data centers to support revenue streams, the

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Canadian Court Orders .2M Bitcoin Loan Repayment in Landmark Case

Canadian Court Orders $1.2M Bitcoin Loan Repayment in Landmark Case

Leave a Comment / Bitcoin News /

The Supreme Court of British Columbia recently made a ruling requiring Daniel Tambosso to pay $2 million in damages for a loan conducted through Bitcoin, showcasing that the use of Bitcoin is now considered legal. This new decision mandates that Tambosso refund $1,240,106 to the plaintiff, Hung Nguyen. Of this amount, $150,000 is to be

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