GameStop tops Bitcoin's yearly gains in one day — Will GME spark an altcoin rally?

May 14, 2024
The Last Cryptocurency
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Cointelegraph Feed

Mirroring the 2021 cycle, the profits from GameStop could spill into altcoins, catalyzing the start of the 2024 altcoin season. Could history repeat itself?

Crypto investors are beginning to feel a sense of hope once more on Jan. 26 as the wider cryptocurrency market is seeing green and Bitcoin (BTC) price trading near $38,000. Even with the breakout, traders are advising caution ahead of the Federal Open Market Committee meeting where the Federal Reserve is expected to unveil their…

Publicly traded mining companies spend $3.6B on PP&E so far in 2024

Crypto mining hardware typically has a lifespan between 3-5 years on average and must be periodically upgraded to maintain profitability.

Bitcoin price dips below $60K — But here’s why a bigger rally may be brewing

Bitcoin (BTC) pared some gains, dipping below $60,000 on March 14, a day after setting a new all-time high of $61,950 on Binance. However, on-chain data indicates that the uptrend is likely to continue in the near term.One key metric that is signaling an optimistic short-term trend for Bitcoin is the rise in stablecoin deposits…

Crypto exchange Digital Surge emerges as a rare survivor of FTX fallout

The Australian crypto exchange had $23.4 million of digital assets locked on FTX when it collapsed and FTX's Australian subsidiary went into administration. Own this piece of history Collect this article as an NFTAustralian cryptocurrency exchange Digital Surge appears to have narrowly avoided collapse, despite having millions of dollars in digital assets tied up in…

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South Korea to inspect crypto exchanges for suspicious transactions

South Korea’s FSS to enforce stricter regulations on crypto exchanges, with possible legal repercussions for noncompliance.

US Treasury used AI to recover $4 billion in fraud over past year

The US Treasury has tapped into AI machine learning to sift through data to detect and prevent billions of dollars in check fraud.

Bitcoin Price Pulls Back to $9.2K, BTC Realized Cap Hits All-Time High

Bitcoin price (BTC) pulled back to $9.2K levels on Jan. 31, or almost 1% lower over the past 24 hours, after exceeding $9,500 earlier today. “It’s over 9 thousand” BTC price hits new 2020 highThe move to $9,530 resulted in a new 3-month high for BTC/USD alongside rising volume, pointing to an overall bullish trend that…

Apple Will Not Create Its Own Digital Currency Like Facebook, Says CEO

Apple has no intention to follow Facebook in creating its own digital currency, the company’s CEO Tim Cook has said.Cook “not comfortable” about firms creating moneySpeaking in an interview with French media magazine Les Echos on Oct. 4, Tim Cook poured cold water on the idea that Apple could release its own currency tokens.“No,” he…

Traders say there aren’t many reasons to be bearish on Bitcoin

Bitcoin remains bullish, according to a couple traders. 2087 Total views 8 Total shares Bitcoin hit just shy of $50,000 in the past 24 hours, following news earlier this week that Tesla had purchased $1.5 billion worth of the asset. Despite Bitcoin (BTC) rising more than 100% past its 2017 high near $20,000 over the course of the…

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