Intel shares jump 6% after plan to spin off AI chip-making arm
Intel shares closed higher following a new plan to spin off its AI-focused foundry business into an independent subsidiary capable of raising outside funding.
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Major Korean Crypto Exchange Bithumb to Launch Global Decentralized Platform
South Korean crypto exchange Bithumb, currently the world’s sixth largest by daily traded volume, will open a global decentralized crypto exchange, Business Korea reports Oct. 4.Bithumb has partnered with blockchain firm One Root Network (RNT), which has developed an Ethereum (ETH)-based decentralized token transaction protocol dubbed “R1” and already operates a decentralized exchange (DEX). According…
Exchange outflows hit historic highs as Bitcoin investors self-custody
Confidence in centralized exchanges appears to be waning as Bitcoin flows into self-custody wallets at near-record levels. 818 Total views 5 Total shares Bitcoin (BTC) investors have been increasingly moving their holdings to self-custody solutions following the collapse of the world’s second-largest crypto exchange last week.On-chain exchange flow data is showing a surge in withdrawals…
Crypto stocks surge alongside Bitcoin price rally
Crypto stocks’ strong performance was largely attributed to growing bets that Donald Trump will win the presidential election.
Bitcoin’s bottom might be below $15.5K, but data shows some traders turning bullish
Bitcoin (BTC) bears have been in control since Nov. 11, subduing BTC price below $17,000 on every 12-hour candle. On Nov. 28, a drop to $16,000 shattered bulls' hope that the 7% gains between Nov. 21 and Nov. 24 were enough to mark a cycle low at $15,500.The most likely culprit was an unexpected transfer…
Bitcoin ‘ready’ for $32.8K after consolidation as BTC price gains 6.3%
Bitcoin (BTC) stayed higher on May 30 as early week gains saw BTC/USD retain $30,500.BTC/USD 1-day candle chart (Bitstamp). Source: TradingView$32,000, $35,000 flagged as lines in the sandData from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency consolidating near $30,600 at the time of writing after hitting highs of $30,900 on Bistamp.Its best performance since…
Bitcoin miners look to software to help balance the Texas grid
Although Bitcoin (BTC) mining remains a controversial topic, it’s becoming more common to hear how Bitcoin mining can help balance grid demand. This is being demonstrated in the state of Texas, as Bitcoin miners are able to participate in demand response programs, which incentivize miners to turn off their operations during peak demand. A spokesperson from…
Seeing red? FUD that! Here’s what you should have bought instead of Bitcoin last week
We’ve argued many times in the past that the correlation between Bitcoin’s price and the market capitalization of hundreds of altcoins makes very little sense.Whether you buy into the idea that Bitcoin is digital gold, or a payment mechanism, or both, it doesn’t have a whole lot in common with Ethereum, Shiba Inu, or FTX’s…
Grayscale is Now Buying 1.5 Times the Amount of Bitcoin Being Mined
Independent researcher Kevin Rooke estimates that Grayscale has ramped up its Bitcoin accumulation to a rate equivalent to 150% of the new BTC created since the halving. 891 Total views 36 Total shares Crypto fund manager Grayscale Investments is accumulating Bitcoin at a rate equivalent to 150% of the new coins created by miners since…