Bitcoin mining stocks recovered shortly before the halving, after weeks of decline. Tension in the Middle East slowed growth in tech stocks, showing a correlation between stocks and crypto assets. The halving today will halve miner rewards, leading to significant market movements in recent months. Bitcoin’s price sits at $63,501 as it battles against liquidations…
Bitcoin’s fourth halving block was just confirmed, mined by ViaBTC, according to Blockchain.com. This event slashes the mining reward in half, a measure taken every four years to limit new bitcoin creation and control inflation. In the halving block, there were 3,050 transactions, and they paid a whopping total of 37.6256 BTC (that’s about $2,401,399)…
With the Bitcoin Halving just hours away, investors and miners are preparing for potential market impacts. Occurring roughly every four years, this event often sparks price surges across major cryptocurrencies. As miners face reduced rewards, investors anticipate potential market shifts. Stay tuned for insights as the countdown to the Bitcoin Halving progresses. Bitcoin Halving: An…
Google’s CEO, Demis Hassabis, announced at a TED conference in Canada that Google DeepMind plans to invest over $100 billion in developing Artificial General Intelligence (AGI). This decision was influenced by Microsoft’s “Stargate” initiative, highlighting Google’s dedication to advancing AGI technology. DeepMind co-founder Demis Hassabis, who joined Google after its acquisition of DeepMind in 2014,…
BlackRock’s Robert Kapito predicts that the market will bounce back, driven by almost $9 trillion in cash reserves. With investors closely watching Federal Reserve decisions, Kapito cautions about changing trends and highlights BlackRock’s strategic readiness. Robert Kapito from BlackRock foresees a market resurgence powered by close to $9 trillion in cash reserves. Investor behavior will…
Elon Musk intends to implement charges for new X users as a measure to combat bots. However, the crypto community remains skeptical about its effectiveness in addressing scammers. Musk’s proposed changes involve cost-cutting measures and an increase in platform fees. Billionaire Elon Musk has revealed his intention to start charging new users on his social…
Ethereum’s price fell below $3,000, prompting increased whale activity on Binance. Despite the dip caused by the Israel-Iran conflict, Ethereum swiftly rebounded, exceeding $3,150. This recovery is driven by whales purchasing substantial amounts during price drops. Matrixport bought $50 million ETH on Binance, capitalizing on price dips below $3,000. Top Ethereum whales follow suit, leveraging…
Memecoins plunged 18% in the past day amid a broader crypto sell-off. Despite investor caution over market uncertainties, digital asset volatility persists, resulting in widespread losses. Key memecoins saw significant outflows, with losses reaching up to 17%, dampening monthly gains. However, anticipation for Bitcoin’s supply halving offers a ray of hope for some users. Memecoin…
Bitcoin has experienced a significant decline, dropping by 16.2% or $10,000 from its yearly high of $73,794 on March 14th. Just last month, on March 13th, Bitcoin reached $73,000, making it the eighth largest asset globally by market capitalization. Currently, it is trading around $63,000. Bitcoin Slides Amidst Iran-Israel Tensions Bitcoin saw a significant decline,…
Argentina is facing severe economic problems as inflation reaches record highs, driving away tourists and dollars. In the midst of this financial turmoil, President Javier Milei manages to make time for a date with Elon Musk in Texas. Argentina’s reputation as a budget-friendly destination is quickly diminishing. Tourists, who contributed $3.2 billion to the economy…