Data Center Demand Surge The global race for AI dominance has led to a surge in demand for data centers, pushing industry giants to capacity. Bitcoin miners, with their powerful computing and data storage capabilities, could become beneficiaries of this demand. AI Assistants and Crypto Virtual assistants like Siri have limited complex task completion capabilities….
Crypto analyst Ali Martinez reports that Ethereum (ETH) whales have been aggressively accumulating ETH, purchasing over 700,000 tokens worth approximately $2.45 billion in the past three weeks. Bullish Signal on Daily Chart Martinez highlights a bullish signal on Ethereum’s daily chart, indicating a potential bounce. The Tom DeMark (TD) Sequential indicator suggests a rebound of…
Crypto expert DonAlt predicts that Bitcoin (BTC) may need a boost from the stock market to reach new record highs. Stock Market Correlation Despite positive developments in the crypto world, Bitcoin has lagged behind the stock market. DonAlt believes that BTC’s momentum could hinge on the performance of the S&P 500 index. “If the S&P…
To prevent tax dodging in the crypto industry, Malaysia’s tax authority (IRB) has launched “Ops Token.” This operation, with help from the police and cybersecurity experts, targeted businesses in the Klang Valley suspected of hiding their crypto transactions. Details of the Operation Ten locations were raided to prevent “tax revenue leakages” from crypto exchanges. The…
Former Speaker of the House Paul Ryan proposes a bold solution to the looming national debt crisis: integrating cryptocurrencies, specifically dollar-backed stablecoins, into the US economy. Stablecoins: A Solution to the Debt Auction Crisis Ryan argues that stablecoins could prevent a catastrophic failure in the next debt auction, which could damage the US’s global credibility…
Bitcoin vs. Altcoins Renowned finance author Robert Kiyosaki, known for his bestseller “Rich Dad Poor Dad,” has declared Bitcoin the simplest route to millionaire status. The “Easiest Way” to Become a Millionaire Kiyosaki believes that becoming a millionaire through entrepreneurship requires “intelligence, dedication, and luck.” In contrast, he prefers investing in Bitcoin because it “does…
The Biden Administration and Congressman Ro Khanna will host a roundtable discussion on Bitcoin and cryptocurrencies in Washington, D.C., this July. This move signals the growing importance of regulating and innovating in the digital asset space. Keeping Crypto Innovation in the US The roundtable aims to explore ways to keep blockchain innovation and Bitcoin within…
Crypto analyst Jamie Coutts believes the current market dip is a mid-cycle correction, presenting potential opportunities for investors. Market Correction Impacts Since March, smaller altcoins have underperformed compared to Bitcoin and Ethereum. The Top 200 equal weight index has fallen 33%, while the Market Cap index has declined by 12%. Specific sectors have seen significant…
A crypto analyst has reported that Bitcoin whales, or large holders, have sold over $3.3 billion worth of BTC in just 10 days. Analyst Ali Martinez revealed that whales have sold more than 50,000 BTC. Miners Join the Sell-Off Martinez also noted that Bitcoin miners have contributed to the recent price drop by selling over…
Farcaster, a social media platform built on the Ethereum blockchain, is rumored to be considering launching its own token. Funding and Valuation Despite having only 50,000 daily active users, Farcaster recently raised $150 million in funding, valuing the company at $1 billion. This is the largest investment in Web3 social media to date. Token Speculation…
