Bitcoin News Official TheBitTimes.com

Shiba Memu presale has hit $3.6 million as more investors buy into AI meme coin. Meanwhile, stablecoin on exchanges is at a 6-month high, led by massive whale deposits. What does spike in exchange buying power means for crypto, Shiba Memu? Although the crypto market is still largely in the accumulation phase amid the latest price movement, analysts are pointing to on-chain data to suggest a bull run might not be that far off. That has to do with an uptick in exchange holdings of the stablecoin Tether (USDT), a metric that has historically coincided with fresh opportunities for crypto investors. What does this strong bullish flip mean for Shiba Memu, a new crypto project that has raised nearly $3.6 million in its recently launched presale? Investor buying power jumps 7%, what it means As Bitcoin broke above $28k earlier this week, on-chain data shared by market intelligence platform Santiment pointed to a significant change in invest or sentiment. This is d...

Bitcoin miners appeared to be the model consumers for the ancillary services in the state. During the winter storm in Texas in December 2022, Bitcoin (BTC) mining operators returned up to 1,500 megawatts of energy to the distressed local grid. It became possible due to the flexibility of mining operations and the ancillary services, provided by the state authorities.  In his commentary to Satoshi Action Fund, Texas Blockchain Council president Lee Bratcher stated that miners returned up to 1,500 megawatts to the Texas grid. This amount of Energy would be enough to heat “over 1.5 million small homes or keep 300 large hospitals fully operational,” according to the calculations from the Bitcoin advocacy group. While there’s no specification regarding the exact time period in which miners have accumulated such an amount of power, the global Bitcoin mining hashrate dropped by 30% on Dec. 24-25, 2022. Miners appeared to be the model participants of ancillary services in the state, which...