Riot Blockchain, one of the largest Bitcoin mining firms globally, has entered into a long-term purchase agreement with MicroBT, a China-based Bitcoin miner manufacturer, securing an initial order of 33,280 next-generation Bitcoin miners. Once installed in the first quarter of 2024, these machines…
Monero, an altcoin known for its focus on privacy, is currently experiencing a historic winning streak. It has closed higher for twelve consecutive days, surpassing its previous record of ten straight higher closes in 2021. This unprecedented streak has sparked curiosity about what…
Asian nations, particularly China, are capitalizing on America’s crackdown on the crypto industry to establish dominance in digital finance. Despite China’s overall anti-crypto stance, it has multiple avenues to become a leader in the space. Through its special administrative region, Hong Kong, China…
Cryptocurrency investment products have experienced a significant increase in inflows, with $199 million invested in these products in a correction of the prior nine consecutive weeks of outflows. Bitcoin received the majority of inflows, with trading volumes reaching 170% of the average for…
The price of Chainlink (LINK) token has been steadily rising from $5.00 against the US dollar. It is currently trading above the $6.00 level and the 100 simple moving average (4 hours). On the 4-hour chart, there was a significant breakthrough of a…
Nevada’s financial regulator has raised concerns about the financial stability of crypto custodian Prime Trust. The regulator revealed that Prime Trust is facing insolvency and is unable to meet customer withdrawal requests. As a result, Prime Trust has suspended both deposits and withdrawals.…
The price of Ethereum is currently struggling to surpass the resistance at $1,920 and is trading below $1,900 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support near $1,885, indicating a potential decline towards…
Bitcoin has been struggling to break through resistance levels and regain territory above $31,000. This has left many investors cautious about the cryptocurrency’s short-term prospects. Analysts suggest that a pullback may be in order, especially since Bitcoin’s recent price action resembles the April…
HSBC Asset Management has warned that the United States is likely to face economic challenges later this year, potentially leading to a global recession. The firm predicts a difficult 2024 for Europe as well, with economic contraction anticipated. HSBC’s mid-year economic outlook highlights…