In a move that showcases the increasing integration of Bitcoin miners in the AI sector, German data center and Bitcoin mining operator, Northern Data, has invested an additional $360 million in GPUs to strengthen its cloud computing services. This strategic investment allows industry firms to leverage existing infrastructure and economies of scale. Northern Data’s AI-focused
The Chainlink (LINK) price has recently been gaining bullish momentum again, following a period of cooling off over the past few weeks. Despite the temporary sluggishness, the cryptocurrency has managed to maintain most of its profits and stay above the $14 level. Interestingly, the LINK price has recently surpassed the $16 mark for the second
Chainlink (LINK) has experienced a significant rebound, surging by over 240% from its yearly low in June 2023. This impressive recovery has caught the attention of market participants, who are now speculating on the possibility of further gains in the days and weeks ahead. Several on-chain and technical indicators suggest that the price of LINK
The frustration of Peter Szilagyi, the team lead of Ethereum, regarding his alma mater’s lack of interest in providing collaboration opportunities for students with Ethereum (ETH) is concerning. Despite his efforts to engage with students and promote the project, Szilagyi found the audience more interested in the price of Ethereum than its potential. This lack
A recent study conducted by the Ontario Securities Commission (OSC) and Ipsos revealed a decline in Canadians’ interest and enthusiasm for cryptocurrency investment compared to the previous year. The “Crypto Assets Survey 2023” conducted in late May included 2,360 Canadians representing a proportional cross-section of the population. The survey results indicate a prevailing skepticism towards
For months, the future trajectory of Bitcoin’s price has been a topic of much speculation and discussion. Many analysts are eagerly awaiting the next surge and predicting when it will happen. One crypto analyst, Mags, believes that the cryptocurrency’s past history around its halvings gives us a clue as to when we can expect the
In a recent development, U.S. District Judge Robert Shelby has expressed his concern over the Securities and Exchange Commission’s (SEC) handling of a lawsuit against cryptocurrency firm Debt Box. This comes after the SEC secured a temporary restraining order against Debt Box based on statements that were later proven to be false, leading the judge
Cryptocurrency market manipulation involves the intentional use of deceptive strategies to artificially control the price of cryptocurrencies. These manipulative tactics can take various forms and have a significant impact on the market’s integrity. Recognizing and understanding these techniques is crucial for investors and regulatory authorities alike. One common sign of market manipulation is the occurrence
The ownership of Bitcoin has long been a subject of debate and speculation. Many believe that the majority of Bitcoin is held by a select few individuals, but a recent report from Grayscale Investments paints a different picture. According to the report, 74% of Bitcoin addresses hold less than 0.01 BTC, equivalent to approximately $380.
The landscape of cryptocurrency exchanges has undergone a remarkable transformation in recent years. What started as simple exchange platforms has evolved into comprehensive financial ecosystems, driven by the growing demands of traders. In today’s fast-paced market, traders seek more than just transaction capabilities. They want enhanced security, user-friendly interfaces, and a wide range of financial
