Bitfarms Commences Construction of 50 MW Bitcoin Mining Farm in ParaguayBitfarms Ltd. is underway with the construction of a 50 MW Bitcoin mining facility in Paraguay, near its existing operations in Villarrica. The project is set to be completed and operational by Q1 2024. PayPal, the Payments Gian

1. Market TrendBetween August 3 and August 6, the BTC price fluctuated between $28,807.54 and $29,433.33, with a volatility of 2.17%. From the 1-hour chart, the BTC trend has been relatively stable in the past few days, with small fluctuations. The price once dropped below $29,000 but quickly recove

The first half of 2023 witnessed an astonishing influx of over $25 billion in funding for AI large language models (LLMs). This surge has positioned the AI industry as a dominant force in the venture capital (VC) market, replacing the once hot cryptocurrency sector. However, signs of weaknesses in t

Miami Mayor Francis Suarez Embraces Cryptocurrencies for 2024 Presidential CampaignMiami Mayor Francis Suarez, a 2024 presidential candidate, disclosed his acceptance of cryptocurrencies for campaign contributions during a Coindesk TV broadcast on August 4, 2023. He became the first Republican candi

The upcoming BRICS summit in Johannesburg is set to prioritize the issue of the organization's enlargement, according to Dmitry Peskov, the Press Secretary for Russian President Vladimir Putin. As the group of developing economies receives growing interest from several nations seeking membership, th

Recently, transactions on Optimism surpassed those on the Arbitrum system, but are the project's foundations strong enough to maintain long-term growth?Source: validvent.comBuilt on top of Ethereum, Optimism functions as a stand-alone blockchain and provides layer-2 scalability. In the growing compe

Report Reveals: Social Media Bots Played Vital Role in Inflating Value of FTX-Listed Crypto Assets A recent analysis by the Network Contagion Research Institute (NCRI) suggests that bots on the social media platform X (formerly Twitter) significantly contributed to inflating the value of cryptocurre

1. Market TrendBetween July 31 and August 2, the BTC price fluctuated between $28,585.7 and $30,047.5, with a volatility of 5.12%. From the 1-hour chart, it failed to hold the $29,000 level. As per the previous analysis, the candlestick pattern suggested a likely break below $29,000 after the upward

From Goldman Sachs economists, by 2025, investments in AI may make up as much as 4% of the US GDP. The financial effect of artificial intelligence on the US economy may surpass that of electricity and personal computers in the future according to experts at Goldman Sachs, a major investment banking

In a comprehensive analysis focusing on Bitcoin's alignment with environmental, social, and governance (ESG) principles, global accounting giant KPMG explores the digital currency's promising contributions to sustainability. The study emphasizes four carbon-reduction techniques adopted by bitcoin mi