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Bitcoin eyes $70k after breaking out of the consolidation

10.5.2024
Bitcoin has been recognized to have been in a consolidation phase for almost 50 days. It is closer to the historical record of 63 days. However, analysts are apprehensive about the potential next surge once BTC concludes its depressing phase. Its price movement has been mostly within the restricted...

X Launches ‘AI Audience’ for Advertisers, Promises Precision in Targeting

10.5.2024
The business account for the social media platform formerly known as Twitter, now referred to as ‘X,’ announced a new artificial intelligence (AI)-enhanced feature for advertisers called “AI Audience.” This feature enables advertisers to define their target audience in brief...

Canaan Launches New Energy-Efficient Miner A1566 at Bitcoin Asia 2024

10.5.2024
Canaan introduces the A1566 model in Hong Kong, aims to provide a more cost-effective solution for miners by offering higher data processing capabilities with lower energy consumption. The post Canaan Launches New Energy-Efficient Miner A1566 at Bitcoin Asia 2024 appeared first on Cryptonews

Bitcoin mining difficulty sees biggest drop since bear market lows

10.5.2024
Bitcoin saw a significant drop of 5.7% last Thursday, marking a major decrease in nearly a year and a half. Data from Bitbo revealed that this adjustment took place at block height 842,688, resulting in a decrease to 83.1 trillion. This shift stands out as the most significant reduction since...

Eclipse Labs CEO Steps Down After Sexual Misconduct Allegations Surface

10.5.2024
Eclipse Labs founder and CEO Neel Somani has decided to reduce his public role within the company temporarily amid allegations of sexual misconduct, asserting his innocence and readiness to defend his reputation on the social media platform X, formerly known as Twitter. Eclipse Labs, aiming...

Revolut X, New Cryptocurrency Exchange Platform, to List Dash

10.5.2024
The Dash community has revealed on social media that the coin will be included in the trading options on Revolut X, the new cryptocurrency exchange platform by Revolut. This development expands Dash’s reach to Revolut’s rapidly growing user base. Revolut X, a standalone web app separate...

Arch Labs $7 Million to Develop Bitcoin-Native Application Platform

10.5.2024
Arch Labs raises $7 million in a seed funding round led by Multicoin Capital, aiming to enhance the functionality of the Bitcoin blockchain through native applications. The post Arch Labs $7 Million to Develop Bitcoin-Native Application Platform appeared first on Cryptonews

Jack Dorsey Forecasts Bitcoin Will Surge to $1 Million By 2030

10.5.2024
Tech leader Jack Dorsey is betting big on Bitcoin, forecasting a price explosion to over $1 million by 2030. "I do think it hits that number and goes beyond," he said. The post Jack Dorsey Forecasts Bitcoin Will Surge to $1 Million By 2030 appeared first on Cryptonews

Hong Kong Police Detain Businessman Tied to Crypto Investor’s Abduction

10.5.2024
A businessman from Hong Kong, linked to four individuals implicated in the kidnapping of a cryptocurrency investor, was recently taken into custody after surrendering to law enforcement. Authorities allege that the vehicle used in the investor’s abduction is owned by the businessman’s family....

Jack Dorsey Forecasts Bitcoin to Reach $1 Million by 2030

10.5.2024
Twitter co-founder Jack Dorsey predicts that the price of Bitcoin could hit at least $1 million by 2030, suggesting its value may grow even further thereafter. In an interview, he expressed his enthusiasm not just about Bitcoin’s potential for price growth but also highlighted the unique...

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