71. Bitdeer hashrate could surpass 46 EH/s
Bitdeer, a Nasdaq-listed Bitcoin mining firm, plans to increase its hashrate by 3.4 EH/s with Sealminer A1 devices, deploying in Texas and Norway by year-end. It says it could reach 46 EH/s by 2025.
Crypto Corner
Binance has been blocked by the Philippines Securities and Exchange Commission after the regulator warned in November that the company was operating in the country without the necessary licenses.
Nigeria has charged Binance with tax evasion following the escape of one of two senior Binance executives who were in government custody, according to local media reports over the weekend.
Terra founder Do Kwon has been released in Montenegro. The decision to release Kwon reportedly came from the Council of the Supreme Court.
IDEX, the native token of the hybrid decentralized exchange (DEX) and market-making protocol of the same name, has surged by 33% over the past 24 hours due to increased investor interest.
Ad: Need affordable legal advice? Legal Shield - No matter what life throws your way, LegalShield has your back. Check out all the ways they can help:
Wills and Estates
Family Law
Real Estate
Small Business
Business Launches
NFT Spotlight
NFT of the week: Wizard #0
Opensea has introduced Seaport 1.6, which reduces gas fees by up to 5% for certain transactions.
Electric Capital is set to tackle cross-chain analytical data challenges with its new NFT venture.
An Indonesian man who previously earned $1 million by selling non-fungible token selfies on OpenSea has reappeared with the second iteration of his NFT project, making $1.8 million in a memecoin comeback.
After being listed on Coinbase, the native token RON of the Ronin Network, which powers gaming activities on the network, has surged by more than 10%.
Bitcoin Buzz
Bitcoin ETFs have experienced a record outflow of $742 million over the past three days.
BEVM has announced that more than 20 institutions backed its seed and partial Series A round. With $10 million raised, BEVM's post-investment valuation is estimated at $200 million. The EVM-compatible project aims to expand the Bitcoin Layer-2 ecosystem.
Robert Kiyosaki predicts that Bitcoin will reach $100,000 by September.
Bitcoin Miners’ Marvels
Five institutional investors collectively own 22% of the largest Bitcoin mining company.
As the Bitcoin halving event approaches, there is a mass relocation of mining rigs to Colorado Springs. The U.S. is exporting thousands of older mining machines for refurbishment and resale.
The Stratum Reference Implementation (SRI) has launched version 1.0.0, introducing significant upgrades to enhance and decentralize Bitcoin mining operations.
Iceland's Prime Minister prioritizes food security over Bitcoin mining due to energy concerns. This reflects a broader trend of governments focusing on essential needs over crypto energy demands.
Quote Of The Week:
“To be yourself in a world that is constantly trying to make you something else is the greatest accomplishment.” -Ralph Waldo Emerson
Thanks for reading this far and have a great remainder of your week!