Bitcoin Miners Leave for Artificial Intelligence

Article: Bye-bye bitcoin, hello AI: Texas miners leave crypto for next new wave - CNBC

Bitcoin Miners are leaving the cryptocurrency and going to Artificial Intelligence. Of course, it's basically just chasing the new "Bright Shiny Object." Both Bitcoin Mining and AI or electricity-hungry projects, so there certainly won't be any reductions in their electric bills.

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Crypto King Sentenced to 25 Years in Prison

Article: Disgraced crypto king Sam Bankman-Fried sentenced to 25 years for FTX fraud - Fox Business

Sam Bankman-Fried, who ripped off a great many investors in his FTX crypto platform, has been sentenced to 25 years in prison..

Click the Article Link to read more about this developing story.

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Spot Bitcoin ETF Possible This Week

Article: SPOT BITCOIN ETFS COULD TRADE LIVE ON THURSDAY OR FRIDAY: CNBC - Bitcoin Magazine

Article: Watch now: ETF Edge with Cathie Wood awaiting spot bitcoin fund approval - CNBC" target="_new">

This week, the possiblity of a Spot Bitcoin ETF is again in front of the FTC. There is a possiblity of it being approved. But, there has been that possiblity before and it hasn't happened. But, there are those who are holding out hope that this will be the week.

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Bitcoin Miners Switch to Artificial Intelligence

Article: Bitcoin Miner Bit Digital Diversifies Into AI for 'Substantially Higher Margin' Than Mining - CoinDesk

Bitcoin Mining margins are getting tighter and tighter. Making money in the sector is getting tougher. So, Bitcoin Miners are starting to switch over the Artificial Intelligence. Running GPU's processing Artificial Intelligence will result in much higher profits than could be made with mining.

Click the Article Link to read more about this switch.

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Buy Pizza with Bitcoin Cash

Link: How to Buy Pizza With Bitcoin Cash - Bitcoin.com

Nine years ago, history was made when two pizzas were bought with 10,000 Bitcoin. This showed to the world, for the first time, that Bitcoin had value, and could purchase everyday things.

To celebrate this, click on the article above to see how you can buy pizza today using Bitcoin Cash.

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Bitcoin Draws Japan and South Korea

Article: Bitcoin Bug Bites Japan and South Korea as China Clamps Down - New York Times

While China has cracked down on Bitcoin, Japan and South Korea are picking up the slack.

Bitcoin was thought to be created by someone from Japan, Satoshi Nakamoto. But, it has since been believed that was simply a moniker for the person or persons behind Bitcoin's creation. Also, the first exchange sprung from Japan. But, it was run by a Frenchman. Now, Japan is taking concrete steps in becoming more invested in Bitcoin. The nation has more exchanges popping up, and is proposing a Bitcoin competitor, J Coin.

Meanwhile, South Korea's Samsung is very interested in the software platform of Ethereum, while being less interested in Ethereum's currency, Ether.

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Bitcoin ETF's on the Horizon

Article: Bitcoin ETFs on the Horizon - Barron's

Bitcoin and Cryptocurrency enthusiasts have been hoping for the intersection of crypto and established investing for a while now. Exchange-traded fund provider REX is hoping to introduce two Bitcoin-based ETF's, which are Exchange-Traded Funds. Those are funds that trade on the stock market.

Naturally, the SEC, the Securities and Exchange Commission, would have to approve! But, the push to make it happen is there, so it is sounding like the possibility could become reality.

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HIVE Becomes First Cryptocurrency Stock

Article: HIVE Blockchain Technologies (TSXV:HIVE) (OTCMKTS:PRELF) Is One Of The Top Bitcoin Stocks Around - Insider Financial

Company Site: HIVE Blockchain Technologies - Main Site

Cryptocurrency enthusiasts have been wanting to know when there would be a stock market play for Bitcoin, Blockchain or mining. This week, it happened! HIVE Blockchain Technologies is now trading on the Canadian TSX Venture Exchange, and as an OTC stock on the U.S. market.

HIVE is buying mining time off of Genesis Mining, who is considered the leading cloud mining supplier. HIVE proposes to use their capital to do mining and produce income. It should be interesting to see how it all pans out.

Now, there has been Bitcoin Investment Trust (GBTC), which is traded on the OTC market. But, that is basically just a bunch of Bitcoin. You can directly buy Bitcoin on many well-regarded exchanges, making GBTC fairly redundant. HIVE is actually a company that is directly engaged in the Blockchain.

Now, folks, this is speculative stuff! It's up to you if you're going to spend money on this. But, I basically just took money generated from my bond funds and bought a smaller amount of the OTC. You can invest in the Canadian stock directly through certain brokerages. I have only dipped my toes into two OTC stocks ever. This one, and Tencent of China, who provides internet products, similar to those of Baidu, who are on the regular U.S. stock market.

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JP Morgan Goes to War with Bitcoin

Article: Bitcoin is a fraud that will blow up, says JP Morgan boss - The Guardian

Article: Genesis Mining billboards say Jamie Dimon is right - 'Bitcoin will eat your lunch' - IBT

JP Morgan CEO Jamie Dimon has gone to war with Bitcoin. In a set of angry remarks, Dimon said that Bitcoin is only good “If you were in Venezuela or Ecuador or North Korea or a bunch of parts like that, or if you were a drug dealer, a murderer, stuff like that, you are better off doing it in bitcoin than US dollars.”

Naturally, anyone whose fortunes are rooted in the traditional economy are going to be threatened by cryptocurrencies. It's just entertaining to watch someone so publicly lose their @#$% over it!

Entertainingly, Genesis Mining, who provides Bitcoin mining services, is having a lot of fun with Dimon, putting up billboards mocking him!

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