Author: Coindesk

Beyond energy considerations, Bitcoin mining is emerging as a powerful force for economic revitalization of rural areas hit hard by globalization and the offshoring of American industry. According to our research team, in 2023, U.S. Bitcoin mining operations generated $2 billion in revenue, a figure that represents 3% of the American iron and steel industry’s output. This comparison underscores the growing economic significance of this nascent sector. In just five years, the industry has created substantial employment opportunities. According to our internal estimates, direct employment in U.S. Bitcoin mining has grown to approximately 1,700 jobs, doubling over the past two…

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Proofs should ideally be generated on sensors, location trackers, compute nodes, and other devices. Local proving ensures that proof data remains in the hands of the network participants and doesn’t centralize operations – aligning with networks’ core principles. Proof verification can take place locally, on cloud networks, or on chain, depending on how the network is structured. Read the full article here

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Donald Trump: “Crypto is a very interesting thing. Very high-level in certain ways, intellectually very high-level. But if we don’t do it, China’s going to do it. China’s going to do it anyway. But if we don’t do it, China’s doing it. China is already doing it, and if we don’t do it, other countries are going to do it. So we might as well be at the forefront. And there are people in crypto that are very, very smart people who do love our country, and they think it’s– they think it’s good. Who knows? Maybe we’ll pay off…

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Furthermore, DePINs give data owners more control over their information, enhancing privacy while encouraging widespread data sharing. For instance, consider a healthcare scenario where a patient’s data from various hospitals and clinics can be securely shared without compromising on privacy. By leveraging DePINs, researchers can access a rich, diverse dataset that enhances their ability to develop better diagnostic tools and treatment plans. Similarly, in the environmental science field, DePINs can facilitate sharing climate data from various sensors, often located on private homes and properties worldwide, leading to more accurate models and predictions. Read the full article here

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Since adopting bitcoin as its primary treasury reserve asset in August 2020, Executive Chairman Michael Saylor-led company has appreciated 1,206%, Benchmark’s analyst Mark Palmer wrote in a research report on Friday. The stock’s performance, since then, stands in contrast to bitcoin (BTC), the S&P 500 and Nasdaq which have gained 442% 64% and 60%, respectively, he noted. Read the full article here

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January’s approval of spot bitcoin ETFs in the U.S. brought hopes the investment vehicles would attract the deep pockets of financial institutions to cryptocurrency. However, major companies like Morgan Stanley often have lengthy compliance and review processes to undertake before they approve funds to be offered to their clients. Read the full article here

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