Brazil’s regulators have told the country’s largest fintech Nubank that it cannot keep using the “bank” label in its branding inside the country because the company does not have a banking license, and the new rule that took effect in November blocks any firm without that license from calling itself a bank. This move landed […] source: https://www.cryptopolitan.com/nubank-cant-use-bank-brand/

Monero has demonstrated impressive resilience and performance, significantly outperforming the broader cryptocurrency market due to a clean and decisive breakout from previous resistance levels. This momentum has been further supported by a fresh influx of buying interest, indicating that there is a strong confidence among investors in the future potential of XMR. In this analysis, we will explore the underlying factors contributing to Monero's solid performance and the reasons why it continues to maintain stability and strength in the current market landscape. source: https://blocknews.com/monero-outperforms-the-market-with-a-clean-breakout-and-fresh-bid-here-is-why-xmr-is-holding-strong/

null source: https://x.com/CryptoNewsXBT/status/1999169055576543331

According to Cointelegraph, Texas is witnessing a significant shift in energy demand dynamics, with artificial intelligence (AI) data centers now leading the surge in large-load power requests, surpassing the demand previously driven by Bitcoin miners. The Electric Reliability Council of Texas (ERCOT), responsible for managing the state's independent power grid, has reported a substantial increase in its large-load interconnection queue, which has reached 226 gigawatts of new requests. Notably, approximately 73% of these requests are linked to AI facilities. Developers have submitted 225 large-load requests this year alone, while ERCOT is currently evaluating 1,999 generation proposals totaling 432 gigawatts. Despite the impressive numbers, the growth in load demand is outpacing supply. The generation queue is predominantly filled with solar and battery projects, which do not provide the continuous power supply required by AI data centers. This discrepancy poses potential challenges for future grid reliability and investment. State regulators are actively working to address these challenges. New regulations are being crafted to classify any customer requesting 75 megawatts or more as a 'special handling' case. Additionally, ERCOT has significantly increased the number of transmission projects under review to accommodate the growing demand. The Miner Mag highlights the contrast between the current AI-driven power demand and the previous boom from Bitcoin miners. While Bitcoin miners were once major power consumers in Texas, their operations often contributed positively to grid stability by curtailing activities during peak demand periods. A study by the Digital Asset Research Institute estimated that Bitcoin miners helped save the state approximately $18 billion. However, the landscape is evolving as many miners and digital asset operators shift their focus towards AI computing to meet the rising demand for GPU capacity. An example of this transition is Mike Novogratz’s Galaxy, which recently secured $460 million to transform its former Bitcoin mining site in Texas into a large-scale AI data center.

Pudgy Penguins  (PENGU) price fell to lows of $0. 010 as altcoins crashed on Thursday. The token’s dip extends losses seen in the past months. Bitcoin’s slip amid the AI market downturn impacted PENGU’s price source: https://coinjournal.net/news/pudgy-penguins-pengu-crashes-10-in-24-hours-as-memecoin-market-weakens/

null source: https://x.com/CoinMarketCap/status/1999167332787028151

null source: https://x.com/CoinMarketCap/status/1999167332388618592

RedStone said that the next wave of growth for Solana centers on tokenized real-world assets and institutional capital deployment. source: https://cryptopotato.com/solana-lending-tvl-soars-to-3-6b-as-new-protocols-battle-for-market-dominance/

ERCOT reported a record surge in large-load requests, with AI data centers surpassing Bitcoin miners and reshaping Texas’s grid planning and reliability outlook. source: https://cointelegraph.com/news/texas-ai-power-demand-ercot-load-surge?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Applications for unemployment benefits in the US surged by 44,000 last week, reaching a total of 236,000 for the week ending December 6, making it the largest single-week jump since during the COVID-19 global pandemic in March 2020. The week before that had already recorded the lowest claims figure in more than three years, thanks […] source: https://www.cryptopolitan.com/us-unemployment-filings-climb-to-44k/

Over $20 million in cryptocurrency, linked to the 2016 Bitfinex hack and stored in a US government wallet, has been suspiciously transferred, raising concerns of a potential theft. Blockchain analysts are investigating the sudden movement, which includes funds like Ethereum and stablecoins, possibly tied to a hacker.