Chinese Bitcoin miners have identified Ethiopia as a strategic location for their operations, driven by the allure of affordable energy and favorable climates. With regulatory restrictions in China prompting them to seek alternative options, local Bitcoin miners are now exploring countries that offer low electricity costs and friendly regulations. Among these destinations, Ethiopia stands out
Crypto
Bitcoin has continued its positive price performances, reaching new heights in the past 24 hours. The cryptocurrency surpassed $48,000, marking a new monthly peak. This surge in value is not limited to Bitcoin alone, as altcoins are also experiencing gains. Ethereum (ETH) has reached $2,500, while Solana (SOL) has made a significant jump to $110.
Cardano (ADA) has recently experienced a significant uptick in trading activity, with a surge of over 7% on Thursday, reaching a trading price of $0.53. This surge comes after a period of volatile price action in January. Now, analysts and users on social media are discussing the various factors that could potentially shape ADA’s trajectory
Bitcoin has made an impressive leap, surpassing the $46,000 mark on February 9th. This significant milestone came after the cryptocurrency encountered a strong resistance level at $44,000. The resistance had hindered price increases since the introduction of spot Bitcoin ETFs in the United States about four weeks prior. However, with the onset of East Asia’s
Amidst the volatile cryptocurrency market, Cardano’s price has been exhibiting some interesting market signals. The Ethereum competitor and blue chip cryptocurrency is currently demonstrating a falling wedge pattern and a surge in trading volume. Since a major rally in December, where Cardano’s price climbed from $0.38 to $0.67, the digital asset has managed to hold
Chainlink’s LINK token has experienced a significant surge in value, reaching a 24-month peak and pushing its market cap to a whopping $10 billion. This sudden increase in price has been attributed to the accumulation of over $50 million worth of tokens by crypto whales in recent days. Moreover, data from Glassnode charts reveals that
Despite Dogecoin’s recent struggle to break through the $0.08 level, the popular meme coin has been experiencing significant growth in various network metrics. While its price has declined by 23% since its local peak on December 9th, the number of wallets holding more than 0 DOGE has been steadily increasing. In fact, the network has
Cryptocurrency analyst Michaël van de Poppe has declared that altcoin season has arrived, urging investors to make entries at value while they still can. With the Bitcoin halving on the horizon, van de Poppe suggests that the next three to eight months present the best opportunity to invest in alternative cryptocurrencies, or altcoins. With numerous
Colin Murphy, an associate of the notorious “Crypto King” Aiden Pleterski, found himself at the heart of a legal battle that ultimately led to his downfall. His story serves as a cautionary tale for those who underestimate the consequences of their actions. This article delves into the details of Murphy’s contempt of court case, shedding
A doctored clip of Australian mining magnate and businessman Andrew “Twiggy” Forrest on Facebook has recently raised concerns about the proliferation of deepfake videos and their impact on media trust. Cybersecurity firm Cybertrace flagged the video, which appears to be promoting a fake crypto trading platform, exposing unsuspecting users to potential scams and financial deceit.
