NFT News Daily TheBittimes.com

In September 2023, Tether also invested an undisclosed amount in Northern Data in a move backing AI initiatives. Tether (USDT) stablecoin issuer is raising the bet on Bitcoin (BTC) mining by issuing a major debt facility to German-based BTC mining company Northern Data AG. Northern Data AG has secured a 575 million euro ($610 million) debt financing facility from Tether to drive further investments across its businesses, according to an announcement on Nov. 2. The debt capital specifically aims to enable Northern Data Group to invest in its three business lines including its artificial intelligence cloud service provider Taiga Cloud, Ardent Data Centers and Peak Mining, the company’s mining business. The focus of these investments will be on the acquisition of additional hardware and scaling Bitcoin mining operations with liquid-cooling mining technology, the announcement notes. According to the announcement, the debt facility is unsecured, at standard market conditions and has a ter...

Bitcoin retains higher levels after gaining 40% or more this month, but concerns of a BTC price correction are never far away. Bitcoin (BTC) starts the last week of January in fine form after sealing its highest weekly close in five months.  Despite opposition, the largest cryptocurrency is holding on to its newfound strength and continues to surprise market participants. This is no mean feat — market sentiment has plenty to spook it and initiate a rethink among investors. Macro conditions remain uncertain, while within Bitcoin, research has highlighted whales on exchanges potentially moving prices artificially with huge amounts of liquidity. Nonetheless, Bitcoin has seen its most impressive gains percentage-wise in over a year, and hopes remain that the good times will endure. What could that depend on? Cointelegraph takes a look at some of the major factors to keep in mind as a January unlike any other draws to a close. Bitcoin analysts bank on "continuation" to come It is...