For Bitcoin to avoid such a fate, it needs to trade and close above $50,000 per coin until the Federal Reserve meeting on September 18. Bearish traders, or those expecting the price of Bitcoin to go down, have surpassed bulls in futures trading. Bitcoin (BTC) tickers, currently down to $57,715, show that bears have overtaken […]
Bitcoin Faces Bear Pressure in Futures Markets as Bulls Lose Ground Read More »
Arthur Hayes has squoze his short BTC trade after weekend doubts about a deep correction. As per our coverage on Sept. 6, Hayes, the former CEO of the BitMEX cryptocurrency exchange, said BTC (tickers down $53,817) could go below the $50,000 psychological level this weekend while opening a short position. Easing investor concerns, Hayes announced
Arthur Hayes predicts Bitcoin rally after closing short position Read More »
Selling pressure for Bitcoin may increase further in the run-up to the September 18 U.S. interest rate cut. The question is, will Bitcoin drop under $50,000 this weekend? The BTC/USD pair is likely to fall below the $50,000 psychological level as early as this weekend, especially if September, a historically bearish month, exerts downward pressure.
Whales Selling Bitcoin May Push BTC Below $50K Amid Upcoming US Interest Rate Cut Read More »
As per the words of Phil Harvey who is the CEO of the company, Bitcoin miners will on average get about $1. 50 in terms of revenues per terahash monthly in the current run of the market cycle. While Bitcoin mining firms try to expand the business into data centers to support revenue streams, the
Converting Bitcoin Mining Sites to AI Data Centers is a Costly Challenge: Sabre56 CEO Read More »
The Supreme Court of British Columbia recently made a ruling requiring Daniel Tambosso to pay $2 million in damages for a loan conducted through Bitcoin, showcasing that the use of Bitcoin is now considered legal. This new decision mandates that Tambosso refund $1,240,106 to the plaintiff, Hung Nguyen. Of this amount, $150,000 is to be
Canadian Court Orders $1.2M Bitcoin Loan Repayment in Landmark Case Read More »
It seems that many assumed Dell would join the group of enterprises holding Bitcoin on their books when it released its Q2 figures. However, an analysis of Dell Technologies’ second-quarter filings reveals that the company may not have acquired any Bitcoin in Q2, despite the company’s CEO recently posting cryptic crypto memes. In the August
Dell Remains Bitcoin-Free in Q2 Despite CEO Michael Dell’s Bullish Crypto Hints Read More »
The courtroom stabbing incident occurred only a few weeks after a Chinese gang attempted to steal more than $2 million worth of crypto by using a gun on a luxurious estate in Thailand. South Korean chief executive of a crypto company hacked in court, and stabbed in the neck several times. The victim was Hugo
South Korean Crypto CEO Stabbed in Court During Haru Invest Fraud Trial Read More »
The AI and big data crypto market cap, however, was coming down by a stunning 80% from its low in early October on revived investors’ interest. The total market capitalization of artificial intelligence-related and big data cryptocurrency projects and tokens has increased by 79. It has risen by 7% in the last three weeks meaning
AI Tokens See Massive 80% Market Cap Rebound, Reaching $32B Read More »
According to futurist Ray Kurzweil the Singularity is due to arrive sooner than predicted by the original estimates. From Elon Musk to Larry Page, the head of Google’s Deep Mind, all have warned the world that artificial intelligence will outdo human intelligence within decades. This kind of event is known in the literature as the
The Final Boss Whale: How AI Might Revolutionize Cryptocurrency Trading Read More »
To counter the influence of the US-based spot Bitcoin ETFs, the Hong Kong-based spot Bitcoin ETFs are going to have to draw more retail and institutional investors for them to be highly effective. The Hong Kong-based Bitcoin spot ETFs have reached HK$ 2 billion (around $256 million) in AUM. Hong Kong Bitcoin BTC has tickers
Hong Kong Bitcoin ETFs Hit $256M AUM, But Lag Behind U.S. Spot ETFs Read More »
