In a move that highlights the increasing integration of Bitcoin miners into the AI sector, Northern Data, a German data center and Bitcoin mining operator, has invested $360 million in GPUs to strengthen its cloud computing services. The company’s AI-focused subsidiary, Taiga Cloud, announced this significant purchase in a recent press release. This investment aims
Crypto
A recent study conducted by the Ontario Securities Commission (OSC) reveals that Canadians’ enthusiasm for crypto investments has significantly declined compared to the previous year. The study, titled “Crypto Assets Survey 2023,” was conducted in collaboration with Ipsos and included 2,360 Canadians. This article delves into the findings of the survey, highlighting the shifting perceptions
Bitcoin (BTC) has long been perceived as a cryptocurrency predominantly owned by a select few individuals. However, a recent report from Grayscale Investments challenges this notion, shedding light on the surprising diversity of Bitcoin ownership. This article aims to analyze the findings of the report and explore the implications of Bitcoin’s ownership distribution. The Accessibility
MicroStrategy, the business intelligence software giant, has once again made headlines with its aggressive Bitcoin buying spree. The company’s former CEO and founder, Michael Saylor, recently revealed that MicroStrategy purchased an additional 16,130 BTC for a staggering $593.3 million. This marks MicroStrategy’s second Bitcoin purchase in November alone, following its acquisition of 155 BTC for
Ethereum’s native cryptocurrency, Ether (ETH), has showcased remarkable resilience after the market crash in the latter part of 2022. Currently trading at approximately $2,000, ETH has seen a 70% price increase since the beginning of the year. Analysts believe that this positive trend is just the tip of the iceberg and could potentially lead ETH
A recent report from Bitfinex Alpha reveals that a majority of Bitcoin holders are currently experiencing positive returns on their investments. The report states that more than 83% of the BTC supply is currently held at a profit. This is the highest percentage of profitable holdings since November 2021 when Bitcoin reached its all-time high
The rise of cryptocurrency has opened up new avenues for illegal activities, and terrorist organizations have not been immune to taking advantage of this technology. The Hamas terrorist organization, backed by Iran, has recently shifted its cryptocurrency activities from Bitcoin to Tron. By utilizing Tron, they have found a faster and more cost-effective means to
Bitcoin’s price movements in the past week have been anything but stable. The asset experienced significant fluctuations, largely driven by recent developments involving the Binance-US authorities front. The Department of Justice’s announcement of a massive settlement deal with the world’s largest exchange sent shockwaves throughout the cryptocurrency industry. Binance had to pay $4.3 billion without
In November 2023, Binance, the world’s largest crypto exchange, faced a significant challenge as the United States Department of Justice settled charges against the company. This resulted in a hefty fee and the resignation of Binance’s former chief, Changpeng Zhao (CZ). However, amidst this adversity, Richard Teng, who previously served as Binance’s Head of Regional
Ethereum has been ending the week on a positive note, experiencing a price increase of 4.7%. This puts Ethereum on a collision course with a key resistance level at $2,100. It is worth noting that this resistance level has already been tested once this month. Should Ethereum successfully break through this resistance, it could potentially
In a shocking turn of events, Binance’s founder and former CEO, Changpeng “CZ” Zhao, recently pleaded guilty to violating the Bank Secrecy Act, leading to serious consequences for the leading cryptocurrency exchange. This article aims to critically analyze the impact of CZ’s plea deal, the charges against Binance, and the potential ramifications for the future
FTX and Alameda have been actively divesting their holdings in an effort to reach settlements with creditors amidst the twists and turns of the bankruptcy battle. Over the past 24 hours, both entities have transferred a significant amount of MATIC and AVAX to various exchanges, demonstrating their commitment to resolving their financial obligations. FTX Deposits
Bitcoin (BTC) is currently stuck in a consolidation phase, causing uncertainty and fears among investors about the potential for further price declines. The latest Bitfinex Alpha report highlights several factors that contribute to this consolidation phase, including diminishing momentum and positive funding rates on futures contracts. Diminishing Momentum and Positive Funding Rates The report reveals
When Bitcoin first emerged, it was more of an experimental concept than a financial revolution, according to Jameson Lopp, co-founder and CTO of Casa. In an interview at the BTC Amsterdam conference, Lopp shared his insights on the evolution of Bitcoin security and the challenges faced along the way. He noted that early adopters were
The week ending Sat, Nov 18 witnessed a decline in XRP token prices. Following a substantial increase from $0.49 to $0.72 in mid-October, XRP saw a drop to $0.61 by Sunday morning Tokyo time. This volatility in prices has left many investors uncertain about the future of XRP. Renowned attorney John Deaton recently shared his
The growth rate of crypto-denominated fentanyl sales has experienced a significant decline in 2023, according to research conducted by TRM Labs. The research reveals a correlation between the slowdown and the aggressive measures taken by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) in pursuing individuals and entities associated with fentanyl
Leading cryptocurrency exchange Coinbase is revolutionizing the world of on-chain payments with the introduction of its cutting-edge Onchain Payment Protocol. This open-source protocol is set to streamline and standardize on-chain payments, providing a solution to the common transactional challenges faced by merchants and customers alike. Coinbase’s Onchain Payment Protocol aims to create a unified experience
With the possibility of U.S. spot Ethereum (ETH) ETFs becoming a reality, experts are questioning the extent to which their approval will influence the market compared to Bitcoin (BTC) equivalents. Bitwise, the world’s largest crypto index fund manager, believes that the impact will be less significant. In an interview with CryptoPotato, Juan Leon, an analyst
The popular memecoin, Shiba Inu, has recently announced an exciting collaboration with legendary boxer Manny Pacquiao. This unexpected partnership has created a buzz within the cryptocurrency community and has sparked the interest of both Shiba Inu and Pacquiao fans alike. The announcement came alongside the release of the second edition of The Shib Magazine and
The recent cyberattack on Coin Cloud, a defunct Bitcoin ATM company, has shed light on the alarming vulnerability of user data and raised serious concerns about the physical safety of affected individuals. An anonymous hacking group claims to have infiltrated the personal information of 300,000 Coin Cloud customers, exposing critical details such as social security
The cryptocurrency market has been buzzing with excitement as Bitcoin (BTC) experienced a significant rise, nearing the $38,000 mark. This surge has sparked fresh hopes of an impending bull run, with experts predicting even higher values in the future. The price of Bitcoin reached an 18-month high on November 9, briefly touching $38,000 before retracing
Binance, once considered the undisputed leader in the centralized crypto exchange market, has experienced a decline in its dominance over the past year, according to a recent report from 0xScope. The report highlights a decrease in Binance’s trading volume and overall market indicators, while highlighting the increasing competition from second-tier exchanges such as OKX. The
The price of Solana (SOL) has been skyrocketing on various cryptocurrency exchanges, attracting significant attention from investors. According to data from CoinGecko, the average price of SOL on crypto exchanges reached nearly $62 on a Saturday afternoon in the UK. This marked a remarkable increase of over 49% within a seven-day period. Furthermore, Solana has
The recent rally in the Ethereum (ETH) price has caught the attention of many cryptocurrency enthusiasts. However, one particular Ethereum whale seems to have made a rather questionable move. This anonymous whale has used the ETH rally as an opportunity to deposit over $60 million worth of the asset on the popular exchange, Binance. While
SBI Holdings, a leading financial company in Japan, is gearing up to introduce a substantial fund of $663 million to support the growth and development of Web3, AI, and other fintech startups. This ambitious initiative aims to invest in 150-200 companies and is expected to commence operations by the end of this year. A Boost
Switzerland-based SEBA Bank, a cryptocurrency-focused financial institution, has achieved a significant milestone in its global expansion plans. The bank’s wholly-owned subsidiary, SEBA Hong Kong, has secured a regulatory license from Hong Kong regulators. This license allows SEBA Bank to offer regulated cryptocurrency services to institutional investors in the city-state. Regulatory License and Expansion SEBA Hong
The crypto startup Ava Labs, known for developing the Avalanche blockchain, has recently announced a significant layoff, trimming its workforce by 12%. Founder and CEO Emir Gün Sirer confirmed the job cuts, emphasizing the need to reallocate resources to support the growth of the firm and the expansion of the Avalanche ecosystem. While bear markets