The third edition of NostrWorld’s unconference series took place last week in the picturesque city of Riga, Latvia, bringing together advocates and developers of the Nostr protocol. Spearheaded by Block CEO and Twitter co-founder Jack Dorsey, NostrWorld’s free gatherings are a platform for open-source enthusiasts to exchange ideas, foster collaboration, and ignite initiatives aimed at shaping a freer, more decentralized version of the internet.

Bitcoin Magazine was on the ground in Riga to explore how the evolution of the Nostr protocol could influence Bitcoin’s trajectory. While Nostr’s budding community has famously attracted prominent Bitcoin advocates, Nostriga—as this third…

Read more on BitcoinMagazine

Ethereum, one of the leading cryptocurrencies, is currently priced at $2,576 with a market capitalization of $309 billion. However, if Ethereum were to achieve the market capitalization of larger companies like Tesla or Apple, its price could see a significant increase.

At Tesla’s market cap of $676 billion, Ethereum’s price would more than double, reaching approximately $5,624. This represents a 2.19x increase from its current value, highlighting the potential growth Ethereum could experience if it were to match the valuation of this electric vehicle giant.

The comparison becomes even more striking when looking at Apple, the world’s most valuable company with a market cap of $3.5 trillion. If Ethereum were to reach this market cap, its price could skyrocket to $29,235, an 11.37x increase. This illustrates the vast potential for price growth that Ethereum might achieve in the future, should its market cap grow to the level of these corporate giants.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

Join CryptoCrunchApp on Telegram Channels – Click to Join

Genesis Digital Assets (GDA) is ramping up its operations at the Rowdy Data Center in Vernon, Texas, with a new expansion to 400 megawatts. This move solidifies Texas’ status as a prime location for Bitcoin mining, drawing on the state’s ample renewable energy and innovative policies. The Rowdy Data Center, which currently runs at 60 MW, is poised to become a key player in the region, utilizing local wind power and contributing significantly to the local economy.

Tom Walker, Chairman of the OPS Board, applauded the expansion, noting, “This project underscores Bitcoin mining’s capacity to inject new vigor into the energy sector.” The facility, which repurposes the defunct Oklaunion Power Station, has already revitalized the community by reintroducing dozens of jobs that were lost when the station closed in 2020.

Under the leadership of GDA CEO Andrey Kim, the company is committed to enhancing the Bitcoin network’s security and durability through innovative mining solutions and renewable energy utilization. The expansion in Vernon marks a significant step forward in GDA’s ongoing efforts to support sustainable growth and technological advancement in the cryptocurrency sphere.

Source

Australia’s two spot Bitcoin ETFs—the VanEck Bitcoin ETF and Monochrome’s IBTC—have steadily accumulated Bitcoin holdings since launching earlier this year. The sustained inflows highlight growing Bitcoin demand in the region.

The VanEck Bitcoin ETF debuted on the Australian Securities Exchange (ASX) on June 20th after receiving regulatory approval. It has attracted $40.72 million in assets under management (AUM).

Meanwhile, the Monochrome Bitcoin ETF (IBTC) began trading on the smaller CBOE Australia exchange on June 4th. Despite its lower AUM, IBTC continues to see small but steady inflows.

As of August 28th, IBTC holds around 123 Bitcoin worth $7.4 million. The fund has continually…

Read more on BitcoinMagazine

Genesis Digital Assets (GDA), one of the world’s largest Bitcoin mining companies, has announced plans to expand its recently launched Texas data centre to 400 megawatts. The ambitious phase two scaling highlights GDA’s commitment to Texas as a mining hub, leveraging the state’s renewable energy and pro-innovation policies.

GDA’s Rowdy Data Center in Vernon is currently operational at 60 MW, supported by the Oklaunion Substation. The site benefits from substantial local wind power and is located near Vernon city in Wilbarger County.

The data centre utilizes grid power with renewable energy sources for its operations. “GDA’s business is a natural fit for the Oklaunion Power Station,” said…

Read more on BitcoinMagazine

Nasdaq, one of the world’s leading stock exchanges, has taken a significant step towards bringing Bitcoin into the mainstream of traditional finance.

The company recently filed an application with the U.S. Securities and Exchange Commission (SEC) to launch its own Bitcoin Index Options, known as XBTX.

If approved, this new product could open the door to a broader adoption of Bitcoin, providing a regulated and familiar environment for trading bitcoin options.

Bitcoin index options are a type of financial product that allows investors to buy or sell the value of a bitcoin index at a predetermined price on a specific expiration date.

By offering bitcoin index options,…

Read more on bitcoinnews

Crypto.com has launched its new global retail services, enhancing the crypto experience for millions worldwide. Through a partnership with Standard Chartered and under the regulation of Dubai’s Virtual Assets Regulatory Authority, the initiative offers seamless deposit and withdrawal capabilities in the Crypto.com App from over 90 countries. Starting next month in the UAE, users can access a broad range of crypto transactions, including trading over 250 cryptocurrencies.

President and COO of Crypto.com, Eric Anziani, highlighted the collaboration with Standard Chartered as a milestone in their global strategy, emphasizing the commitment to superior customer experience and robust security measures. This rollout marks a significant advancement in their mission to make crypto accessible globally, aiming to place ‘crypto in every wallet.’

Rola Abu Manneh, CEO at Standard Chartered UAE, noted the alignment of this venture with the UAE’s economic vision, enhancing digital asset accessibility and supporting the country’s role as a pivotal hub for digital innovation. This service expansion by Crypto.com aligns seamlessly with broader economic goals, promising a sophisticated platform for users worldwide.

Source

Inflation is often referred to as a silent killer because it gradually diminishes your purchasing power without you noticing. For example, in 1980, a cup of coffee cost just $0.45. By 1990, the price rose to $0.75, and by 2000, it had increased to $1.00. This trend continued, with the price hitting $1.25 in 2010, $4.43 in 2020, and reaching $4.98 by 2024.

This steady increase in prices reflects the declining value of the U.S. dollar over the years, illustrating how inflation impacts everyday expenses. As the cost of goods and services rises, the same amount of money buys less, eroding purchasing power.

Since 1913, the U.S. dollar has been losing its value, making it crucial for individuals to be aware of inflation’s effects. Understanding how inflation works and planning accordingly can help protect financial well-being, ensuring that the money you earn today maintains its value in the future.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

Join CryptoCrunchApp on Telegram Channels – Click to Join