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JPMorgan reports that Bitcoin miners are diversifying their operations in anticipation of the upcoming halving event, which will slash their rewards. Miners are now venturing into the booming artificial intelligence (AI) market, offering high-performance computing services. This shift is partly funded by selling newly minted or existing bitcoins. Companies like Applied Digital and Iris Energy are already making strides in AI cloud services. Additionally, post Ethereum's shift from proof-of-work, former Ethereum miners are leveraging GPUs for AI, finding it potentially more profitable than traditional mining.
In collaboration with its subsidiary Zynga, acquired for $12.7 billion last year, Take-Two is launching “Sugartown,” a web3 game built on Ethereum, marking the debut of a “major mobile game developer” crafting a crypto-based game “from the ground up.”
Players will utilize Ethereum (or ERC-721) tokens to access the game, stake for energy, and earn in-game currency.
Access tokens named Oras will also be minted this year as part of an initial release. Brooklyn Spa Draws Criticism for Bitcoin Mining Energy Use
BATHHOUSE, a spa located in Brooklyn, has come under fire after disclosing its use of energy from Bitcoin mining to heat its pools. The founders of the spa believed in the potential benefits of this technology, but their announcement sparked disapproval: El Salvador's Bold Move: Creating the Biggest Bitcoin Mining Farm
El Salvador is seizing the opportunity presented by its abundant natural resources and introducing “Volcano Energy,” positioning itself as a major contender in the global Bitcoin mining industry. The country’s ambitious plan involves the construction of a 241 MW renewable power generation park in the Metapán region, integrating solar and wind projects. Crypto Should Be Regulated as Gambling: Key Arguments
The Treasury Committee of the United Kingdom is advocating for the regulation of cryptocurrency trading akin to gambling. A new report from the bipartisan committee of deputies emphasizes that cryptocurrencies don't serve any useful social functions. They require a significant amount of energy to produce and their usage is closely linked to fraud and money laundering.
Crypto miners in the U.S. have initiated the Digital Energy Council to lobby for miner-friendly policies amidst ongoing crypto regulation debates.
The council aims to advocate for sustainable energy development, grid resilience, U.S. competitiveness, and national security.
This move comes as President Joe Biden's administration proposes a 30% excise tax on mining operations, citing societal harms. Additionally, Democratic lawmakers criticize miners for environmental concerns.
Australian actress Margot Robbie, recognized for her performance in the film "Barbie," shared an incident where she overheard a Bitcoin discussion between her husband and a television producer on set. She likened the Bitcoin's vibe to that of Ken, a fictitious character from the movie, stirring quite a buzz in the crypto community.
Notable figures such as Michael Saylor and Layah Heilpern weighed in on the comparison. The "Boy" Saylor claimed that “Bitcoin is Big Ken Energy.” Conversely, "girl" Heilpern reminded everyone that Barbie, in fact, didn't have a fondness for Ken:
"When Margot Robbie said you’re a Ken if talk bitcoin. She meant you’re weak and pathetic. This was not a good thing," remarked Heilpern.
Subsequently, even psychologist Mark Travers chimed in on the discussion, defining Ken's energy as an ability to display altruism and adapt to varying situations.
And what do you think, crypto-folks? Sustainable Energy and Crypto: Is There a Shared Future?
The progress of renewable energy could gain a considerable boost from cryptocurrency miners' efforts. But how can we curb excessive power usage in mining while enhancing its sustainability? First, we need to understand the term "sustainable", which has broader implications especially when related to manufacturing, economics, and finance. Azuki NFT Collection: Follow the Red Bean
The market alley buzzes with energy. A hub for street food lovers, window shoppers, and early birds picking up breakfast fruits. Yet, the Azuki beings have a unique mission. They appear here, collecting red beans which serve as the key to unlocking a gateway into another realm. Crypto Mining Dodges 30% Tax in US Debt Ceiling Deal
As President Joe Biden and House Speaker Kevin McCarthy's negotiated agreement on the US debt ceiling becomes public, one intriguing aspect of the deal seems to have effectively stifled certain tax proposals from the Biden administration, particularly the Digital Asset Mining Energy (DAME) excise tax. 








