Recent analysis by 10x Research CEO Markus Thielen suggests that Bitcoin is on the verge of making a new all-time high, potentially rallying towards $83,000 in the near future. Despite hitting resistance and a slight retreat to just over $69,000, Thielen remains bullish on the cryptocurrency. The “head and shoulders” chart pattern he observed indicates
potential
Core Scientific, a leading company in North America’s digital infrastructure industry, has recently announced a strategic partnership with CoreWeave, an AI Hyperscaler, through a series of long-term contracts spanning over 12 years. This partnership signifies a major milestone for Core Scientific as it expands into the AI data center space while continuing to dominate in
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently experienced a significant price movement below the 4-hour Simple Moving Average (SMA). This development holds significance for traders and investors alike, as it can provide insights into short-term market sentiment and momentum. Beyond technical analysis, factors such as broader market conditions, investor behavior, and fundamental
Recently, Coinbase CEO Brian Armstrong announced that one million people have joined the ‘Stand With Crypto’ movement as advocates for the industry. This surge in support is seen as a significant milestone, with Armstrong noting that “That’s a lot of voters!” The movement gained momentum particularly after a Whitehouse veto threat, which resulted in 600,000
The recent indictment by the US Department of Justice (DoJ) of Bill Guan, the chief financial officer of Epoch Times, has sent shockwaves through the media industry. The accusations are serious – alleging his involvement in an international money laundering scheme worth around $67 million using cryptocurrency. According to the DOJ, from 2020 to May
XRP has been hovering around the $0.52 mark recently, leading some analysts to predict a potential rise to $0.70 this summer. One analyst, DustyBC Crypto, highlighted XRP’s progress over the past year and suggested that an uptick towards $0.70 could be on the horizon. Another analyst, Blockchainedbb, pointed out that XRP has been in a
Recently, a popular on-chain sleuth brought to light the fraudulent activity involving an early investor in the Solana-based meme coin known as ANDY. The exploit resulted in a whopping $2 million worth of meme coins being drained in several transactions. This malicious actor wasted no time in swapping half of the ill-gotten profits for ETH
The Bitcoin price has been hovering around the $71,000 level, showing signs of indecisiveness and uncertainty. This stagnant period often precedes a significant move in the market, but predicting the direction in which the price will head is a challenging task. Crypto analyst Alan Santana has conducted a thorough analysis of the Bitcoin chart to
The objections raised by creditors of the bankrupt cryptocurrency exchange FTX highlight significant concerns regarding the proposed reorganization plan. One of the key issues revolves around the failure to address property rights issues and meet the best interest test as required by the Bankruptcy Code. This omission raises questions about the fairness and legality of
Semler Scientific, a med-tech company based in California, has recently made headlines with its strategic move of purchasing additional bitcoins. The company acquired an additional 247 BTC for $17 million, bringing its total bitcoin holdings to 828, which were acquired for $57 million. This bold investment move aligns with Semler’s corporate strategy and signifies a