Chinese Bitcoin miners have found a new opportunity in Ethiopia, driven by their need for affordable energy and favorable regulatory environments. Displaced from their home country due to stringent regulations, these miners are searching for locations that offer cheap electricity and welcoming regulations. Ethiopia, with its low electricity costs and government support, has emerged as
Crypto
Bitcoin has once again proven its volatile nature as its price continues to soar in the past 24 hours. Breaking through the $48,000 mark, the cryptocurrency has reached a new monthly peak. However, this current success did not come without its fair share of ups and downs throughout the week. Let’s take a closer look
Bitcoin has once again defied expectations as it surged past the $46,000 mark on February 9th, overcoming a significant resistance level at $44,000. This breakthrough comes after weeks of struggle, with the resistance hindering price increases ever since the introduction of spot Bitcoin ETFs in the United States about four weeks earlier. However, fueled by
Cardano (ADA) has experienced a notable increase in trading activity, with a surge of over 7% on Thursday, pushing its price to $0.53. This comes after a turbulent period of price action in January, where ADA saw significant fluctuations. Now, analysts and social media discussions are examining various factors that could shape ADA’s trajectory in
Cardano, a leading competitor to Ethereum, has been displaying intriguing market signals recently. With its price hovering around the support level of $0.50 and the presence of a falling wedge pattern, many traders are keeping a close eye on its performance. In this article, we will analyze the various trends and technical indicators of the
Chainlink’s native cryptocurrency, LINK, has experienced a remarkable surge of 38% since late January, reaching its highest level in 24 months. This surge in price, combined with the accumulation of over $50 million worth of tokens by crypto whales, has propelled the market capitalization of LINK to a staggering $10 billion. In addition, approximately $75
Dogecoin, the OG meme coin, has faced challenges in keeping pace with the broader crypto market. However, despite its recent price decline, the network has demonstrated significant growth in various metrics. This growth includes an impressive increase in the number of wallets holding Dogecoin, indicating potential positive outcomes for its price movements in the future.
The cryptocurrency market has witnessed a surge of interest and activity, with altcoin season reportedly underway. As crypto analyst Michaël van de Poppe suggests, the time to invest in altcoins is now, especially with the approaching Bitcoin halving. However, with countless altcoins available to choose from, selecting the right one can be a daunting task.
In a shocking turn of events, Colin Murphy, an associate of Canada’s infamous “Crypto King” Aiden Pleterski, has been sentenced to five months in prison for his contempt of court in Oshawa, Ontario, Canada. This decision was made by Ontario Superior Court Justice Hugh O’Connell after Murphy refused to surrender his iPhone and deleted its
In an alarming turn of events, a doctored video clip featuring prominent Australian businessman Andrew “Twiggy” Forrest has emerged on Facebook, adding to the growing list of deepfakes that are undermining trust in the media. Cybersecurity firm Cybertrace uncovered the footage, which appears to promote a fake cryptocurrency trading platform. The manipulated video aims to