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Bitfarms' Ambitious Plan for 21 EH/s Capacity Bitfarms, a bitcoin mining enterprise listed on the U.S. stock market, has announced the successful acquisition of a new site in Yguazu, Paraguay. The company aims to use this site to build a 100 megawatt (MW) mining facility as part of its ambitious plan to increase its capacity […]

UBS Predicts Gold Price Rise, Rate Cuts UBS, a Swiss financial services company present in over 50 countries, has made a bullish prediction for gold in 2024. According to UBS analysts, they foresee a 10% increase in gold prices over the current market prices. This forecast is based on the expected policy pivot of the

Peter Schiff's Spot Bitcoin ETF Outlook Renowned gold bug and cryptocurrency skeptic, Peter Schiff, has issued a warning about spot Bitcoin exchange-traded funds (ETFs), stating that they are now in bear markets. Schiff specifically mentioned the Proshares Bitcoin Strategy ETF, which has experienced a decline of over 50% in just two years, and went on

Crypto Market Sizing Report Reveals Significant Increase in Crypto Ownership A new report published by Crypto.com, a leading crypto trading platform, highlights a remarkable surge in the number of global cryptocurrency owners in 2023. Despite various challenges, such as monetary tightening by Western central banks, ongoing conflicts, and the lingering impacts of the pandemic, the

SEC Provides Update on Unauthorized Access The U.S. Securities and Exchange Commission (SEC) has admitted that a SIM swap attack compromised its X account, where a fake announcement about the approval of spot bitcoin exchange-traded funds (ETFs) was posted. According to the regulator, the unauthorized party gained control of the SEC cell phone number associated

Introduction Similarly to bitcoin's action, the second largest crypto asset by market cap, ethereum, has seen some market turmoil and a distinct downtrend. As of Jan. 22, 2024, ether has shown a notable decrease, registering a 3.3% drop in 24 hours and a 5.7% decline over the past week. Ethereum Market Capitalization and Trading Range

Customers Express Dissatisfaction with Proposed Reimbursement Plan Following the submission of a proposal by FTX estate debtors to reimburse customer assets based on their value as of Nov. 11, 2022, numerous objections have been raised by customers. A notable objection comes from an FTX client in France, who criticizes the estate for "depleting creditor funds

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence On Monday, Jan. 22, 2024, bitcoin's value dropped below the $40K mark, marking the first time in 48 days that it has fallen to this level. This decline has triggered a market-wide slide in the cryptocurrency industry. Over the past 24 hours, bitcoin has experienced

Introduction Michael Howell, the founder and CEO of Crossborder Capital, a renowned London-based independent research and investment company, has provided an intriguing perspective on the current state of the economy. Contrary to popular belief, Howell challenges the prevailing narrative of monetary tightening by highlighting the rise in liquidity. In this article, we will explore Howell's

Trezor Alerts Users to Phishing Risk After Security Breach In a recent security alert, Trezor, the company behind the popular cryptocurrency hardware wallet, has announced a breach in its support ticketing system. This breach has potentially exposed the personal contact information of over 66,000 customers, raising concerns about possible phishing attacks. Unauthorized Access Detected On