Author name: Peter

In the dynamic world of cryptocurrency, fresh insights indicate that bitcoin investors are transitioning from being long-term holders to short-term speculators. Such a shift suggests that the cryptocurrency market is on the rebound after enduring a prolonged bear market. Bitcoin Investors Transition: An Analysis by Glassnode The recent analysis conducted by the onchain analytics firm, […]

El Salvador's Vice President, Felix Ulloa, recently shared insights on the significant role of Bitcoin in the country's economic rejuvenation. Ulloa believes that the adoption of Bitcoin as legal tender has attracted crypto-based investments and visitors, contributing majorly to the revival of the nation. Bitcoin's Positive Impact on El Salvador's Economy During a recent conversation,

NetMind.AI, an AI-focused tech startup, has introduced the Beta version of its decentralized machine learning platform, Netmind Power. Designed to train and fine-tune machine learning (ML) models, the platform leverages a global network of volunteer computing resources. For a limited time, users can sign up for a free trial of the platform. Free Beta for

Recent developments point towards a significant financial event in northern China, triggered by the financial turmoil surrounding Evergrande, a leading Chinese real estate developer. Last week, a wave of panic withdrawals swept across the Bank of Cangzhou, allegedly linked to the bank's substantial loans to the beleaguered company. This follows closely behind the news of

An erroneous report alleging the U.S. Securities and Exchange Commission's (SEC) approval of Blackrock's Ishares spot bitcoin exchange-traded fund led to the liquidation of short positions worth $78.92 million. This figure constituted 57% of the total $136.29 million in short positions liquidated in the past 24 hours. False SEC Decision News Causes Turmoil in Bitcoin

A courtroom drama unfolded this week as Nishad Singh, the former Engineering Director at FTX, took the stand against his ex-employer, Sam Bankman-Fried. Singh shared startling revelations about a software glitch that concealed a staggering amount of missing funds and the extravagant spending on celebrities and real estate. Nishad Singh's Accusations: The $8 Billion Glitch

Bitcoin's value was observed to stride towards $28,000 on Monday, as market reactions to the Securities and Exchange Commission (SEC) decision to refrain from contesting the Grayscale ruling continued. This decision implies that Grayscale could soon transition its Bitcoin trust into an Exchange-Traded Fund (ETF). Concurrently, Ethereum was seen edging towards $1,600. Bitcoin's Market Performance

Renowned for its exquisite designs and high-performance vehicles, Ferrari, the Italian luxury sports car manufacturer, has announced that it will now accept cryptocurrency as a mode of payment. This move aligns with the worldwide market trend and dealer requests. The company believes this new payment method will extend their reach to potential customers who have

The Central Bank of Nigeria (CBN) recently decided to lift the foreign exchange restrictions on the importation of 43 items. The bank had initially imposed these restrictions in 2015 and acknowledges that they may have contributed to the devaluation of the naira in the parallel foreign exchange market. This article discusses the reasons behind this

The year 2023 witnessed a significant downturn in the meme coin market, with a staggering loss of over $3 billion in value. The most prominent players in the meme coin sector, dogecoin (DOGE) and shiba inu (SHIB), have seen substantial drops in their market capitalization since the year's onset. DOGE lost $2.46 billion, while SHIB