Nvidia's GeForce RTX 50 series graphics cards are set to increase in price by up to 30% in South Korea due to rising memory costs and ongoing supply shortages. South Korea, a key hub for memory chip production with giants like Samsung and SK Hynix, plays a crucial role in the GPU supply chain. These price hikes could impact crypto mining profitability, as higher GPU costs raise the break-even point for miners. The increased demand for Nvidia GPUs from AI workloads also intensifies competition for limited supply, potentially affecting gaming and mining sectors. No official price changes or specific models have been announced yet, and the situation appears to be an early supply chain concern rather than a widespread trend.
Genius Group, after selling its entire Bitcoin reserve to repay $8.5 million in debt, plans to rebuild its Bitcoin and AI treasuries to a combined $1.6 billion by fiscal year 2031. The company aims to grow total assets to $2 billion and will fund tre...
Veteran trader Peter Brandt revealed he remains long on Bitcoin even as the cryptocurrency struggles to break above the key resistance zone around $82,000. Bitcoin recently climbed above $80,000 but faced strong selling pressure, causing a pullback. ...
Grayscale's Zach Pandl highlights that the US Treasury's bond repurchases aim to ease pressure from soaring government debt, which recently surpassed $40 trillion. While these repurchases may reduce Treasury supply and stimulate the economy, they don...
GoMining introduced Instant Funds, a feature enabling eligible digital Bitcoin miner NFT holders to use their miners as collateral to borrow stablecoins like USDT or USDC without selling the miners. Users can access up to 30% of the miner's value wit...
World Liberty Financial's proposed US trust bank has secured a significant investment from Sheikh Tahnoon bin Zayed Al Nahyan's group, which controls 49% of the holding company behind the bank. Another 38% is reportedly owned by an entity affiliated ...
