Bitcoin (BTC) hovered above $26,000 into the Aug. 20 weekly close as doomsday BTC price targets kept coming. BTC/USD 1-hour chart. Source: TradingView Analysis: Bitcoin may see new ‘generational buying opportunity’ Data from Cointelegraph Markets Pro and TradingView showed an eerie calm covering BTC/USD over the weekend, with the market down 11% in seven days. Rattled market observers remained highly…
Trader sentiment has turned bearish following Bitcoin’s (BTC) 11% slump this week. Although Bitcoin is taking support near $25,000, several analysts are factoring in another leg down toward the crucial $20,000 level. The weakness is not limited to the cryptocurrency markets alone. United States equities markets also witnessed a losing week. The S&P 500 Index fell 2.1% and the Nasdaq…
If FTX founder Sam Bakman-Fried isn’t allowed to leave jail five times a week, preparing for his criminal fraud trial in October will be unreasonably burdensome, his attorneys argued on Friday—a trial where he could throw FTX attorneys under the bus. Bankman-Fried is currently confined to a detention center in Brooklyn, arriving in handcuffs weeks ago after his bail was…
Crypto miner Gryphon Digital is seeking dismissal from a lawsuit brought by its former partner Sphere 3D over a spoofing attack that resulted in 26 Bitcoins (BTC) being transferred to a fraudulent address. According to the initial complaint filed by Sphere 3D in April, Gryphon CEO Rob Chang allegedly wired 18 BTC in January to a fraudster posing as Sphere…
In the summer of 1961, so the story goes, the writer William S. Burroughs visited the poet Allen Ginsberg in Tangier. The two were close friends and fellow Beatniks, but Burroughs hadn’t yet read “Kaddish,” Gisnberg’s recent poem about the death of his mother. So Burroughs asked for a copy and a pair of scissors. He planned to cut up…
Alternative funding options, such as grant programs, have grown in popularity as the bear market continues to slash venture capital investments in the crypto in… Source: https://cointelegraph.com/public/index.php/news/crypto-grants-foster-innovation-amid-venture-capital-exodus
Bitcoin is giving plenty of longtime market participants reason to forecast a return to its previous cycle’s $20,000 all-time high — or worse. Source: https://cointelegraph.com/public/index.php/news/bitcoin-bearadise-20k-back-as-a-btc-price-target
Bitcoin (BTC) hovered above $26,000 into the Aug. 20 weekly close as doomsday BTC price targets kept coming. BTC/USD 1-hour chart. Source: TradingView Analysis: Bitcoin may see new “generational buying opportunity” Data from Cointelegraph Markets Pro and TradingView showed an eerie calm covering BTC/USD over the weekend, with the market down 11% in seven days. Rattled market observers remained highly…
According to the report, Europe is home to nine of the 10 least profitable countries for Bitcoin mining, based on household electricity costs. Source: https://cointelegraph.com/app/public/index.php/news/mining-1-btc-lebanon-783x-cheaper-italy-coin-gecko
In a recent decision, U.S. District Judge Beryl Howell upheld the stance of the U.S. Copyright Office that artworks created solely by artificial intelligence (AI) are not eligible for copyright protection. This verdict arises amid growing worries about the possibility of generative AI taking the place of human artists and writers. With over 100 days passed since the commencement of…
