Bitcoin has crushed its highest price ever, blasting past $72,000 for the first time in its history today.
The news comes after UK regulators announced they wouldn’t stand in the way of the creation of crypto-backed, exchange-traded notes (cETNs), CNBC reports. ETNs are a type of unsecured debt securities that trade on major exchanges, kind of like a stock.
The value of the mainstream cryptocurrency has risen considerably since the beginning of the year, spurred on by its growing acceptance by regulators around the globe and the fading shadow of the FTX collapse.
Bitcoin’s rally is turning out to be bad news for Coinbase, the crypto trading app that has just confirmed some of its customers are seeing a zero balance across their Coinbase accounts. “Your assets are safe,” the firm assured the app’s users via a Status page on its website, adding that its team is investigating the issue and will provide an update shortly. [Update: The company has since said the issues are improving but the app is seeing “heightened traffic.”]
The app’s crash today has to do with the recent demand for Bitcoin, the popular cryptocurrency that recently surged to $60,000 — close to its all-time high last seen in 2021. The price of Bitcoin climbed in the wake of U.S. bitcoin spot ETFs, driving a 42% price rally this month. According to Reuters, this was the largest monthly gain the digital asset had seen since December 2020. As of the time of writing, Bitcoin was up above $61,448, or a 7.66% increase today.
The sharp rise has fueled renewed interest in apps like Coinbase, which allows users to buy, sell, and hold crypto products in a digital wallet. This rapid increase in demand, including from more casual crypto investors, have seemingly contributed to the app’s current issues, as Coinbase says the app is experiencing issues from high traffic.
This week at Starbase Booster 10 joins Ship 28 at the launch site to begin its testing on the orbital launch mount, Ship 28 performs a static fire test, and SpaceX shows off its holiday spirit, while over at Cape Canaveral, Starlink launch and recovery operations continue as several tanks and a prefabricated tower section are shipped out to Brownsville.\ \ Thanks for watching this week’s LabPadre Update!\ \ If you would like to get involved with our community or learn more about Rockets and Space, please feel free to join our LabPadre Discord server at / discord \ \ X: https://twitter.com/LabPadre\ Instagram: / labpadre \ \ Browse our online store!\ http://shop.labpadre.com/\ \ Support us on Patreon and get special perks!\ / labpadre \ \ Other ways you can support:\ PayPal — https://paypal.me/labpadre\ Cashapp — $LabPadre\ Venmo — @LabPadre\ BitCoin Wallet: bc1q7w0932yn2xk9ympkm2uzn28pnm90qzmplr4yew\ \ Patreon Elite/Royalty Crew: Tim Dodd, Eric Beavers, Marcus House, Matt Lowne, Zack Golden, Colin Smith, Steve Roberts, Azatht, Stumpy, Peter Lehrack, Eagle Eye Chuck, Gort, Robert Castle, Seth Count, Unreal Patch, Wil Schweitzer\ \ Special thanks to:\ Audio/Video Editors: Lucid, timmy\ Videography: LabPadre, Kevin Randolph, Spaceflight Now\ Photography: Kevin Randolph\ Clip Capture Bot: Arc\ Clip Reporting: Anomalia, DaOPCreeper, Jon Tait, Kalim, Vix, WLAnimal\ Script Editors: 61Naps, Jon Tait, Lucid\ Script Writers: WLAnimal\ \ Images may not be used without written consent from LabPadre Media or their rightful owner.
Most space heaters run electricity through high resistance wires to toast your toes. The Heatbit mini, however, trains large language models, builds AI for large corporations, or mines crypto while it warms up your home. In so doing, it pays its owners up to $28/month while in use.
“What we really do is zero-energy computing,” says CEO Alex Busarov, who I met at Web Summit in Lisbon recently.
Bitcoin mining and AI training—which has increased one million times over the last seven years—together consume more energy than the entire United Kingdom, Busarov says. All of that goes to waste as heat, which then itself often needs to be cooled in a data or compute center, costing yet more energy.
Hello and welcome! My name is Anton I’m away for a few days due to voice issues, so enjoy this older video where we talk about the incredible invention of 3D printed bio ink that could be used to print any biological tissue (in theory). 3D printed heart anyone?
When a biolab owned by several Chinese nationals was discovered in the small town of Reedley, California, there was outrage that such a thing was going on without officials knowing anything about it. Unfortunately, that was the least of what Americans should be outraged about. In this episode of China Uncensored, we look at the CDC and FBI’s unbelievable responses, why the substances in the biolab were never tested, and how similarly shady behavior by the US government in regards to Chinese biolabs should make every American fear for their life.
