Bitcoin has been trading in a tight 4-hour range between $71,300 and $73,300 since Tuesday, setting the stage for a significant move in the coming days. Analysts and investors closely watch this range as BTC inches closer to its all-time high (ATH). Top analyst Axel Adler recently shared key data from CryptoQuant, noting that trading […]
No, Today Is Not Bitcoin’s Birthday
Follow Aaron on Nostr or X. Some things in Bitcoin are just not up for debate. The plural of bitcoin is also bitcoin— not bitcoins. (One bitcoin, two bitcoin, three bitcoin…) Bits is a better sub-denomination than sats. (100 sats is actually one bit, like a 100 cents is one dollar; being a wholecoiner makes […]
Microsoft (MSFT) Shares Decline Despite Strong Earnings Report
On 9 October, our analysis of Microsoft (MSFT) suggested that the stock price: → Was forming an ascending channel (shown in blue on the chart);→ Could see a rebound from its lower boundary (indicated by an arrow). Since then, the price indeed moved upward from this support around the $411 level, even surpassing $437. However, […]
Blockchain-Powered Loyalty Programs: Changing the Face of Customer Rewards
Traditional loyalty programs, like points, punch cards, and tiered memberships, have enabled businesses to keep their customers engaged for years. However, they have a number of limitations: many are boxed, so rewards transfer across no brands. Points often expire, and […] The post Blockchain-Powered Loyalty Programs: Changing the Face of Customer
Russia to Impose Temporary Crypto Mining Ban in Select Regions Due to Power Grid Concerns
Recently, Russia announced plans to temporarily ban cryptocurrency mining in certain regions. This decision is due to concerns over the country’s electricity grid. Deputy Energy Minister Yevgeny Grabchak confirmed the action, explaining that regional power shortages are driving this measure. […] The post Russia to Impose Temporary Crypto Mining Ban
Tether’s $1 Billion USDT Mint On Tron: What’s Fueling The Demand Surge?
It’s been a busy week for Tether, as the company announced that it had authorized the minting of another 1 billion USDT tokens, pushing the total number of minted tokens to $33 billion in the last year. According to blockchain data, the additional tokens were minted on the Tron network and immediately sent to the […]
Sygnum, Managing $4.5 Billion, Restructures Crypto Fund for Institutional Push
The Swiss-based digital asset banking group Sygnum has successfully converted its Yield Core crypto fund into a Luxembourg Reserved Alternative Investment Fund (RAIF) structure, moving towards institutional-grade crypto investment offerings. The fund, which manages nearly $30 million in assets, focuses on yield-generating strategies in cryptocurren
Former FTX Engineering Leader Sentenced to Time Served
Nishad Singh, who previously served as the engineering director for the now-defunct FTX crypto exchange, has been sentenced to time already served and will undergo three years of supervised release.
Analyst Says It’s ‘Time To Be Bullish On Ethereum’ As ETH Retests $2,700
On Wednesday, Ethereum (ETH) surged above the $2,700 mark for the first time in over a week, sparking a bullish sentiment among several crypto analysts. Some suggested that the second-largest cryptocurrency will soon break from the next resistance level and reclaim the $3,000 mark. Ethereum Retests $2,700 Ethereum surged above a key resistance leve
Wall Street Bitcoin Miner’s Net Loss Surges over 90% in Q3 2024
Riot Platforms (NASDAQ: RIOT), the third largest Bitcoin mining company on Wall Street, reported a significantly wider net loss in the third quarter despite higher revenue, as the cost of mining each BTC soared and power-related benefits diminished. Riot Posts 93% Wider Loss as Bitcoin Mining Costs Surge Post-Halving The company’s net loss ex