In the midst of the general pessimism that surrounds the cryptocurrency space and Bitcoin currently, famous crypto analyst and trader Doctor Profit has made an audacious forecast that the crypto asset will rebound to the crucial $70,000 level in the upcoming days. Doctor Profit’s analysis which has triggered optimism within the crypto community hinges on […]
Bitcoin mining firm Core Scientific updated its agreement with AI hyperscaler CoreWeave to provide the latter with 270 megawatts (MW) of total infrastructure access, according to a June 25 press release. Core Scientific said that CoreWeave exercised its first option to contract for an additional 70 MW of infrastructure access, expanding the earlier 12-year agreement […]
A popular Republican congressman introduced legislation that would require the United States Treasury to accept tax payments in bitcoin. Pay Taxes With Bitcoin The bill, authored by Rep. Matt Gaetz (R-Florida), would order the Treasury Secretary to “develop and implement a method to allow for the payment with bitcoin of any tax imposed on an […]
Bitcoin is emerging as a potential revolutionary force in developing nations, where economic woes are a constant struggle, often plagued by inflation, currency devaluation, and limited access to traditional financial systems. In Suriname, a South American nation facing significant economic hardship, a political hopeful is making waves with a bold proposition – adopting Bitcoin as […]
TLDR Bloomberg analyst Eric Balchunas reaffirms his prediction of a July 2 launch date for U.S. spot Ethereum ETFs, following a surge in amended S-1 filings. Several major asset managers, including BlackRock, VanEck, and Fidelity, have submitted amended S-1 filings, with some revealing competitive fee structures. Analysts have mixed views on the potential demand for […]
Education innovators TinyTap and Open Campus have announced their inaugural event, “EDU Denver,” set to take place on June 24, 2024, from 19:00 to 23:00 MST in Denver, Colorado. This free event aims to bring together leaders in education and Web3 to explore the expansion of a decentralized education ecosystem, […]
Onchain Highlights DEFINITION: The percentage of circulating supply in profit, i.e. the percentage of existing coins whose price at the time they last moved was lower than the current price. Bitcoin’s percentage supply in profit reflects dynamic market conditions. The first chart illustrates historical data from 2013 to 2024, showing periods where over 90% of […]
It’s been a rough 24 hours for the entire cryptocurrency market, and meme coins are absolutely no exception. This highly polarizing category has declined by about 7% altogether, following what seems to be an ongoing decline of the entire crypto market. Meme Coins Bloodbath The entire category of meme coins dropped by about 7% throughout […]
Riot Platforms has decided to abandon its bid to acquire rival Bitfarms. Instead, it seeks to overhaul Bitfarms‘ Board of Directors before considering further takeover attempts. On June 24, Riot formally requested a special meeting of Bitfarms shareholders to restructure the board by removing Bitfarm Chairman and Interim CEO Nicolas Bonta and director Andrés Finkielsztain. […]
Digital asset investment products experienced a second consecutive week of outflows shedding $1.2 billion which amounted to $584 million. According to CoinShares, this could potentially be a result of the pessimism amongst investors regarding potential Fed interest rate cuts this year. Altcoins See Inflows Amid Market Weakness Bitcoin bore the brunt and remained the primary […]
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