Hugh Hendry, a big-name hedge fund manager, is making a daring bet for next year: Bitcoin (BTC) will go up, and interest rates will go down. Hendry’s strategy is based on the idea that big tech companies, like the “Magnificent Seven” (Google, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla), are currently valued at extremely high…
Bitcoin’s price has been stuck in a rut lately, even though the Federal Reserve just cut interest rates for the first time since 2020. This has left many investors scratching their heads. Don’t Get Carried Away by Interest Rates Andrew Kang, CEO of Mechanism Capital, thinks people are putting too much emphasis on interest rates…
A crypto millionaire who made a fortune from Shiba Inu (SHIB) is now predicting a huge return on a new project: ETFSwap (ETFS). He claims this presale token could explode by 14,000% this winter. What is ETFSwap? ETFSwap is a DeFi platform that aims to revolutionize the way people trade ETFs and cryptocurrencies. It offers…
Bitcoin has been on a wild ride lately. After briefly hitting a new high above $66,000, it’s been steadily falling, dipping below some important support levels. The MA-200: A Sign of Trouble? One key indicator that has analysts worried is the failure to break the MA-200. This moving average is a technical indicator that tracks…
The legal battle between Ripple and the SEC is far from over. After a judge ruled that Ripple’s institutional sales of XRP were unregistered securities, but XRP itself isn’t a security, both sides are appealing the decision. SEC’s Appeal: What’s at Stake? The SEC is definitely appealing the ruling, and they’re likely to focus on…
A Bitcoin developer is calling out an HBO documentary for linking him to the elusive Satoshi Nakamoto, the creator of Bitcoin. Peter Todd, a software developer, has vehemently denied being Satoshi Nakamoto in a recent interview with Bloomberg. This comes after the HBO documentary “Money Electric: The Bitcoin Mystery” suggested that Todd might be connected…
Ethiopia is quickly becoming a popular destination for Bitcoin miners. Why? It’s all thanks to their cheap electricity and abundant hydroelectric power. A Growing Industry Miners are already using about 600 megawatts (MW) of power, and that number is expected to grow even more. This makes Ethiopia one of the top Bitcoin mining locations in…
The AI world is booming, with companies like Blackstone and OpenAI investing billions in building powerful AI supercomputers. But there’s a major roadblock: the GPU shortage. The GPU Problem GPUs (graphics processing units) are the workhorses of AI, offering much faster processing than traditional CPUs. However, the demand for GPUs has exploded, and the vast…
A big-time Ethereum investor, who got in early during the 2014 ICO, has been cashing out big time. This “whale” has sold over $113 million worth of ETH in just a couple of weeks. Whale’s Big Sell-Off According to crypto tracker Lookonchain, the whale has been steadily selling off their ETH since September 22nd. They…
Taiwan’s financial regulators are getting ready to let local banks try out holding crypto for their customers. This pilot program is set to start in the first quarter of 2025. Banks Are On Board Three banks have already shown interest in participating. Before the program kicks off, the Financial Supervisory Commission (FSC) will be open…
