Bitcoin price slips 3%, ignores US jobs beat as XRP sees all-time high
Testing times quickly return for Bitcoin traders as BTC price momentum again fails to recapture $100,000.
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Institutional investors increase their crypto holdings for 5th straight week
Despite the recent selloff in the crypto markets, institutional managers have been quietly turning bullish over the past month. 1957 Total views 32 Total shares Cryptocurrency assets held by institutional managers rose for a fifth consecutive week, a sign that market participants had once again flipped bullish on Bitcoin (BTC) and the leading altcoins. Investment flows…
Africa to bring 100 million users to DeFi in three years from now, says founder of Cardano
Cardano founder Charles Hoskinson predicts that the DeFi revolution will take place in the developing world. 830 Total views 19 Total shares Charles Hoskinson predicts that the Decentralized Finance sector will acquire 100 million users within the next three years by tapping into the developing world's market potential.“Who's actually going to do peer-to-peer loans? Who's…
Thailand to pilot cryptocurrency payments in Phuket
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US Senator Chuck Schumer calls for ‘comprehensive’ AI legislation
The U.S. Senate leader plans to call for urgent bipartisan action from Congress to create “comprehensive legislation” for upcoming AI systems. 132 Total views 1 Total shares The United States majority Senate leader Chuck Schumer plans to call for “comprehensive legislation” regarding safety measures for artificial intelligence (AI). Schumer has remarks planned for a meeting at…
Binance approved to offer crypto services to Swedish customers
The decision from Sweden’s financial authority followed regulators in France, Bahrain, Spain and Dubai granting similar approvals for Binance in 2022. 142 Total views 2 Total shares Own this piece of history Collect this article as an NFTThe Swedish Financial Supervisory Authority, one of the country’s financial regulatory agencies, has granted the local arm of…
Bitcoin whale clusters show ‘institutional FOMO’ is behind the BTC rally
Data shows that institutions heavily accumulated Bitcoin in the $12,000–$15,000 range, and according to analysts at Whalemap, this is a positive trend because institutions and whales typically accumulate assets with a longer-term investment strategy in mind.The fact that larger hands are accumulating BTC instead of retail investors also explains the somewhat suppressed mainstream interest in…
Antminer S19 XP dropped in a bid to swing crypto miners back into profit
Phil Harvey said that this type of miner can typically last a minimum of 36 months in a facility operated by their crypto firm Sabre56. 227 Total views 5 Total shares With the Bitcoin (BTC) price moving at a very steady pace during the crypto winter, the return on investment (ROI) on a new mining…
Bitmain reportedly suspends Bitcoin miner orders amid booming secondhand supply
By postponing the sales, Bitmain aims to help miners exiting the industry get better prices for mining equipment. 322 Total views 1 Total shares Chinese mining giant Bitmain is reportedly scrambling to respond to market conditions amid a major crackdown on the crypto mining activity by local authorities.According to a Wednesday report by Chinese news…