The cryptocurrency market has been experiencing significant fluctuations recently, with Bitcoin in particular showing signs of a potential rally towards $83,000. Analysts like 10x Research CEO Markus Thielen have pointed out a “head and shoulders” chart pattern that is nearing completion, indicating a bullish outlook for the future. While Bitcoin did face resistance and pulled
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Core Scientific, a key player in North America’s digital infrastructure industry, has recently announced a groundbreaking partnership with CoreWeave, an AI Hyperscaler. This partnership involves a series of long-term contracts spanning over 12 years, where Core Scientific will provide approximately 200 MW of infrastructure to support CoreWeave’s high-performance computing (HPC) operations. This significant milestone for
In a recent announcement, Coinbase CEO Brian Armstrong revealed that the ‘Stand With Crypto’ movement has reached one million supporters who are advocating for the crypto industry. This milestone was celebrated by Armstrong, who emphasized the significance of having such a large number of advocates, stating, “That’s a lot of voters!” The surge in membership,
The recent indictment by the US Department of Justice (DoJ) has sent shockwaves through the media industry. Bill Guan, the chief financial officer of Epoch Times, has been accused of participating in an elaborate international scheme to launder approximately $67 million of illicit funds using cryptocurrency. The allegations reveal a sordid tale of deceit and
Ethereum (ETH) has experienced a significant price drop below the 4-hour Simple Moving Average (SMA), signaling a potential shift in market sentiment from bullish to bearish. This technical development is crucial for traders and investors as it can indicate increased selling pressure and a possible downward trend continuation. The implications of this price movement extend
Bitcoin’s price took a significant hit on Friday, reversing its upward trajectory and dropping by over $3,000 in a matter of hours. This came as a surprise to many, especially considering the ongoing inflows into US-based ETFs. The key question here is: why did this drop occur, given the positive news surrounding cryptocurrency ETFs? One
Recently, XRP has been hovering around the $0.52 mark, but experts have differing opinions on its future trajectory. While some analysts believe that XRP has the potential to rise to $0.70 this summer, others are more cautious and predict a possible drop to $0.27. This conflicting outlook has left investors wondering which direction the digital
Recently, there has been a surge in fraudulent activities within the cryptocurrency space, with the most recent incident involving an early investor in the Solana-based meme coin known as ANDY. This exploitation has not only resulted in financial losses for investors but has also raised concerns about the security and trustworthiness of such projects. The
The Bitcoin price has hit a standstill at the $71,000 mark, leaving investors in a state of indecision. This stagnation often precedes a significant movement in the market, but predicting the direction of this movement is no easy task. Crypto analyst Alan Santana has taken a closer look at the Bitcoin chart to try and
The creditors of the bankrupt cryptocurrency exchange FTX have recently filed an objection to the proposed reorganization plan put forth by the platform. This objection, submitted in the U.S. Bankruptcy Court for the District of Delaware, raises several critical issues with the plan that they believe do not align with the requirements set forth in
Semler Scientific, a California-based med-tech company, recently made headlines with its decision to purchase an additional 247 BTC for $17 million in cash. This brings the company’s total Bitcoin holdings to 828 BTC, acquired for a total of $57 million. In a bold move, Semler also announced its intention to raise $150 million to further
The founder of LookIntoBitcoin, Philip Swift, recently brought attention to the significant increase in global liquidity, marking a new all-time high (ATH). According to Swift, this surge in global liquidity is a crucial indicator of Bitcoin’s potential to rise in the current bull run. The global liquidity has now reached $94 trillion, inching closer to
McDonald’s Singapore has taken a bold step into the metaverse with the introduction of its new digital environment called “My Happy Place.” This innovative initiative, created in partnership with Bandwagon Labs, is accessible through the official McDonald’s app. The platform offers users a seamless blend of virtual and real-world experiences, providing special benefits for the
The recent surge in Bitcoin prices, reaching the $70,000 mark, has captured the attention of investors worldwide. This price rally has led to a positive outlook among long-term holders, who have now seen their investments enter the profit zone. In particular, US-based investors have shown a positive sentiment, as evidenced by the rise of the