The recent announcement by Northern Data, a German data center and Bitcoin mining operator, of its $360 million investment in GPUs for its cloud computing services, highlights the increasing integration of Bitcoin miners into the AI sector. This move allows Northern Data’s subsidiary, Taiga Cloud, to benefit from existing infrastructure and economies of scale in
Chainlink’s price has regained its bullish momentum after a period of sluggishness. Despite the temporary slowdown, the cryptocurrency has managed to remain above the $14 level in recent weeks. More notably, the LINK price has surpassed the $16 mark for the second time within a month. The question then arises – what is driving this
Chainlink (LINK) has experienced a remarkable rebound of over 240% from its yearly low in June 2023. This surge in price may not be the end of its upward trajectory, as indicated by a variety of on-chain and technical indicators. Since November 2023, LINK’s price has been consolidating within an ascending triangle pattern, which is
Peter Szilagyi, the team lead of Ethereum, has expressed his frustration over the lack of interest from his alma mater in providing opportunities for students to collaborate with Ethereum (ETH). Despite his efforts to engage with the university, Szilagyi found that the students’ focus remained fixated on the price of Ethereum rather than the project
The Bitcoin market has been buzzing with anticipation as analysts and enthusiasts eagerly await the next surge in price. Among the various predictions and models, one crypto analyst, Mags, has taken a unique approach by examining Bitcoin’s historical halvings. In a recent social media post, Mags highlighted the timeline of previous price milestones after halvings.
In a recent development in the lawsuit against cryptocurrency firm Debt Box, U.S. District Judge Robert Shelby has expressed his dissatisfaction with the Securities and Exchange Commission (SEC)’s attorneys. According to court filings, Judge Shelby warned the SEC about possible sanctions for their “misleading” court proceedings in the case. This stern warning comes after the
There has been a significant shift in Canadians’ attitudes towards cryptocurrency investment, with a recent study indicating a decline in enthusiasm compared to the previous year. The “Crypto Assets Survey 2023,” conducted by the OSC in collaboration with Ipsos, provides insight into this changing perspective. This article examines the key findings of the survey and
Cryptocurrency markets are notorious for their susceptibility to market manipulation. Traders and investors often fall victim to deceptive strategies employed by malicious actors to artificially inflate or deflate the prices of cryptocurrencies. One of the telltale signs of market manipulation is the occurrence of sudden and unusual price movements that have no correlation with significant
The landscape of Bitcoin ownership has long been a topic of speculation and conjecture. Many have assumed that the majority of Bitcoin is owned by a select few individuals, thereby creating an exclusive and inaccessible market. However, a recent report from Grayscale Investments has shattered this misconception, revealing a surprising diversity in Bitcoin ownership. Contrary
In the world of cryptocurrency, Ethereum has long been considered the main competitor to Bitcoin. While Bitcoin has dominated the market in terms of popularity and price, Ethereum has quietly been making its own strides. Now, a crypto analyst believes that Ethereum may soon have its moment in the spotlight, and it all hinges on
The recent arrest of Alejandro Cao de Benos, a Spanish citizen, by the Spanish police has brought to light a case of alleged involvement in assisting Ethereum developer Virgil Griffith in violating U.S. sanctions and traveling to North Korea. The incident has sparked international interest and raises questions about the role individuals play in bypassing
Cryptocurrency exchanges have experienced a remarkable transformation over the years. From simple trading platforms, they have evolved into comprehensive financial ecosystems that offer much more than just transaction capabilities. Traders today are demanding environments that provide enhanced security, user-friendly interfaces, and a range of financial tools. Furthermore, they seek educational resources and community features that
JPMorgan, a leading American financial institution, has recently published a report shedding light on the resurgence of the decentralized finance (DeFi) and non-fungible token (NFT) sectors. In this report, JPMorgan highlights the factors driving this revival and the challenges these sectors face. Let’s delve into the details and analyze the implications of their findings. According
In a video uploaded on December 1st, 2023, the analyst behind the popular LuckSide Crypto channel shared his thoughts on the current state of the Cardano cryptocurrency. While maintaining an overall bullish outlook, he expressed some reservations about its near-term price action. His analysis shed light on the potential movements of ADA within the crypto