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Iris Energy Boosts Self-Mining Capacity With 4.4 EH/s of New Bitmain Bitcoin Mining Rigs
14.2.2023
Bitcoin miner, Iris Energy, announced plans to increase the company’s self-mining capacity, from 2 exahash per second (EH/s) to approximately 5.5 EH/s, after it receives 4.4 EH/s of new Antminer S19j Pro miners from Bitmain. Iris Energy Leverages $67 Million in Bitmain Prepayments for Latest...
Bitcoin, Ethereum Technical Analysis: ETH Hits 1-Month Low, Falling Under $1,500
13.2.2023
Ethereum started the week trading below $1,500, as it was reported that Paxos will no longer mint BUSD. This has led to a depegging of the stablecoin, and comes ahead of the upcoming U.S. inflation report, which is also adding to today’s volatility. Bitcoin edged lower on Feb. 13, as prices...
Pantera Capital on Bitcoin: We’re in Next Bull Market Cycle
13.2.2023
Crypto-focused investment firm Pantera Capital says bitcoin has seen its lows and “we’re in the next bull market cycle.” Dan Morehead, the firm’s founder and managing partner, noted: “Over the long-term, bitcoin price has been in a secular uptrend of 2.3x annually...
Fed Governor Warns Crypto Prices Could Fall to Zero — Says ‘Don’t Expect Taxpayers to Socialize Your Losses’
13.2.2023
U.S. Federal Reserve Governor Christopher Waller has warned that crypto prices could fall to zero at some point. “Please don’t be surprised and don’t expect taxpayers to socialize your losses” when that happens, the Fed governor stressed. Crypto Prices Could Go to Zero,...
Rich Dad Poor Dad’s Robert Kiyosaki Warns ‘Everything Will Crash’ — Plans to Buy More Bitcoin
12.2.2023
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that “everything will crash,” including gold, silver, and bitcoin. However, he sees crashes as buying opportunities, noting that he will buy more bitcoin. Robert Kiyosaki Reiterates Market Crash...
Ordinal Inscriptions Take the NFT World by Storm: Over 50,000 Added to the Bitcoin Blockchain in 2023
11.2.2023
As of Friday, Feb. 10, 2023, the Bitcoin blockchain had seen the addition of more than 50,000 Ordinal inscriptions as the trend has continued to increase daily. People are inscribing text, images, videos, audio, and software applications onto the blockchain, with some inscriptions fetching high...
NFT Sales Rise 18.43% This Week, Led by Ethereum’s $233.85 Million in NFT Settlements
11.2.2023
Non-fungible token (NFT) sales rose 18.43% this week, totaling $272.68 million. However, the number of NFT buyers declined by 60.31% to approximately 195,716. Ethereum NFT sales continue to lead the market, accounting for $233.85 million of the total sales, a 25.42% increase from the previous week....
Biggest Movers: SHIB, LTC Rebound From Recent Losses on Saturday
11.2.2023
Shiba inu continued to move away from a recent one-week low on Saturday, as the meme coin rebounded to start the weekend. Although overall sentiment remains bearish, prices are starting the weekend relatively stronger. Litecoin also rebounded in today’s session. Shiba Inu (SHIB) Shiba...
Bitcoin, Ethereum Technical Analysis: ETH Nears $1,500 Level to Start the Weekend
11.2.2023
Ethereum neared a breakout below $1,500 to start the weekend, pushing prices closer to a one-month low. Overall sentiment remained mostly bearish, with the global cryptocurrency market cap trading 0.96% lower, as of writing. Bitcoin also edged lower, with prices remaining below $22,000. Bitcoin...
Bankrupt Celsius Aims to Raise $14.4 Million From Bitcoin Mining Rig Credits and Coupons
11.2.2023
Defunct cryptocurrency lender Celsius aims to secure more than $14 million from credits and coupons backed by Bitmain, according to an interim CEO Christopher Ferraro in a bankruptcy court filing dated Feb. 9, 2023. Ferraro stated in the filing that the “coupons currently provide no utility...
Bitcoin Price Outlook for February
10.2.2023
February has been a rollercoaster ride for cryptocurrency traders, with market volatility leading to high levels of price uncertainty. Following a strong start to the month, bitcoin prices have since plunged, resulting in a current bear run. However, with just over two weeks left of this short...
Biggest Movers: SOL, ADA Plunge, as Market Momentum Turns Bearish
10.2.2023
Solana slipped to a three-week low on Feb.10, as momentum in cryptocurrency markets remained firmly bearish. At the time of writing this, the global market cap is trading 4.23% lower, with bears recapturing sentiment. Cardano was also on the decline, falling by as much as 8% today. Solana (SOL)...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Hit Multi-Week Low, as Sell-off Worsens
10.2.2023
Bitcoin moved below $22,000 on Friday’s session, as sentiment in cryptocurrency markets remained bearish. Volatility in markets has risen in recent days, following comments from U.S. Fed Chair Jerome Powell, who hinted at ongoing rate hikes. Ethereum also dropped, falling under $1,600....
Bitcoin, Ethereum Technical Analysis: BTC Moves Below $23,000 as Market Volatility Heightens
9.2.2023
Bitcoin dropped to a two-week low on Feb. 9, with prices falling below the $23,000 mark after a brief rally on Wednesday. Cryptocurrencies moved lower across the board, as uncertainty surrounding the state of the global economy impacted investor confidence. Ethereum also slipped, following a move...
Shark Tank Star Kevin O’Leary Says Most Crypto Tokens Are Worthless — ‘They’ll Eventually Just Go to Zero’
9.2.2023
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says that most crypto tokens are worthless and they will eventually drop to zero in value. He added that he now owns seven cryptocurrencies and he is getting the same volatility he did when he owned 32 crypto tokens prior to the collapse...
Commodity Strategist Mike McGlone Says Cryptocurrencies May Be Facing Their First Real Recession
9.2.2023
Bloomberg Intelligence’s senior commodity strategist Mike McGlone has warned that “cryptos may be facing their first real recession.” The Federal Reserve tightening despite the risk of a recession “could be a primary headwind for most risk assets, notably cryptos,”...
Biggest Movers: MATIC Moves to 10-Month High, ATOM Extends Recent Gains
8.2.2023
Polygon rose to its strongest point since last April, as prices rose by as much as 6% on Feb. 8. The token surged for a second straight session, after snapping a three-day losing streak on Tuesday. Cosmos also surged higher in today’s session, as it moved closer to recent highs. Polygon...
Crypto Derivative Volumes Saw Speedy Growth as Prices Rose in January
8.2.2023
The numbers suggest speculation, not accumulation, was behind sizable gains for bitcoin and ether, according to a report
Ethereum gas price spikes 29% in January as user activity grows: Report
8.2.2023
Ethereum block statistics show that the average number of blocks mined each day showed little to no change, while the total block size per month increased by 7%
Investment Manager Predicts Gold Could Hit $3,000 This Year
8.2.2023
Investment management and advisory firm Goehring & Rozencwajg expects gold to hit record highs this year. “I wouldn’t be surprised to see a $3,000 price this year,” said an executive of the firm. “It’s time for people to want to be bullish on gold.” Gold...