Miners Diversify into AI and Non-Crypto Ventures, Moving Beyond Bitcoin Mining
Miners are investing in artificial intelligence (AI) and other areas of the economy. Individuals and large companies are trying to diversify their risks to be less dependent on mining. Besides bitcoin, miners are mining Ethereum Classic, Ravencoin, Ergo. ...
Tether to Invest in Mining Facilities for Renewable Energy in Uruguay
Tether, the largest stabelcoin issuer, announced plans to invest in mining facilities in South American Uruguay. Tether officials have admitted that they plan to provide funding to a local licensed company to create renewable energy sourc ...
Circle Rebalances USDC Collateral with $8.7 Billion Repo Deal, Involving Major Banks
This highly liquid position serves to protect reserves The deal involves major banks, including Goldman Sachs Circle has rebalanced the USDC token collateral again. The Black Rock Fund, which manages the asset reserves, has entered into several repurchase transac ...
Tether Diversifies Reserves, Invests $1.5 Billion in Bitcoin: Tether’s Approach to Asset Management
The management of the operator of the largest stabelcoin Tether decided to invest in bitcoin up to 15% of net profit every month to diversify reserves. As of now, the company has already invested $1.5 billion in BTC. While many com ...
Declining Correlation Between Bitcoin and Ethereum Indicates Diversification Opportunities in Cryptocurrency Portfolios
The correlation of rates of the two most popular cryptocurrencies has historically been at a high level, but the indicator has been falling for over two months and has almost reached 80%. This is the lowest level in a year and a half. ...
Bhutan’s Largest State-Owned Company, Druk Holding and Investments, Diversifies Investment Portfolio with Bitcoin Mining
Bhutan's largest state-owned company, Druk Holding and Investments, announced that it has been mining bitcoin for several years to diversify its investment portfolio.</div DHI CEO Ujjwal Deep Dahal said the company began showing interest in mining bitcoin when it was wor ...
Bitget Adds Liquid Staking Derivatives as Margin Option for BGB-Margined Futures
Bitget, a crypto exchange, has recently announced the inclusion of liquid staking derivatives as a margin option for BGB-margined futures, making it the first centralized exchange to bring such a product to the market. Bitget Margined Futures is a product designed for cryptocurrency enthusiasts t ...
Understanding Crypto Infection: Causes and Effects on the Market
Probably, many have noticed that the fall of bitcoin often causes the fall of the entire crypto market.. This phenomenon is also known as crypto-infection. What is crypto infection Crypto infection is a situation when a negative phenomenon assoc ...