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Chris Hedges: Technocapitalism—Bitcoin, Mars, and Dystopia

By Chris Hedges / The Real News Network We are living through an incipient technological revolution. AI, blockchain, cryptocurrencies, commercial space travel, and other innovations are rapidly transforming everything from the workplace to the financial architecture of the global economy. While many of these technologies hold vast potential to benefit the social good, the multinational corporations and financial oligarchy that drive innovation and own its products are solely motivated by private
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Source: wn.com

Bitcoin hash rate soars to 562.81 EH/s amid rising mining difficulty

Bitcoin’s mining difficulty has exceeded 80 trillion, setting a new record. According to data from BTC.com, the difficulty level reached an unprecedented 81.73 trillion on February 16, indicating a continuous upward trend that began in January 2023. This increase in difficulty is paralleled by a surge in the network’s hash rate, which has achieved a staggering 562.81 exahashes per second (EH/s). These developments underscore the growing computational effort and energy required for Bitcoin
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Source: wn.com

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Weekly Crypto Price Analysis: BTC, ETH, BNB, SOL, XRP, ADA, And DOGE

The United States regulatory authorities approved the launch of Bitcoin spot exchange-traded funds (ETFs), a decision that took effect on January 10. The following day, these ETFs commenced trading, attracting considerable attention from traders. Despite the high anticipation surrounding this event, the impact on Bitcoin’s price was relatively muted, suggesting that the market had already factored in this development. On their first day of trading, the newly introduced Bitcoin ETFs witnessed a
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Source: wn.com

The break-even point for miners after the next Bitcoin halving is 1 BTC = $40,000 ...

How half-life affects miners Cryptocurrency investment firm CoinShares has released a report analyzing the financial statements of publicly traded mining companies and private miners to determine the cost and profitability of Bitcoin production after the next halving. . After the mining reward is halved, high-cost miners may find themselves in a difficult situation due to decreased revenue, and the average Bitcoin production cost for miners after the halving is 1 BTC = $37,856. The company
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Source: wn.com

Spirit of Satoshi Releases Its First Annual Bitcoin and AI Industry Report

In an culmination of efforts at the intersection of Bitcoin and Artificial Intelligence (AI), the "Nexus - Bitcoin & AI Industry Report" has been unveiled by Spirit of Satoshi, the world's first Bitcoin centric AI, highlighting significant advancements and debunking misconceptions within these realms. The report's core emphasis revolves around the convergence of 280 participants
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Source: wn.com

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