The ‘Stand With Crypto’ campaign launched by cryptocurrency exchange Coinbase plans to bring candidates for the 2024 United States Presidential Election together to discuss blockchain technology and digital assets. According to its website as of Dec. 4, Stand With Crypto confirmed that Republican candidates Asa Hutchinson and Vivek Ramaswamy, as well as Democratic candidate Dean Phillips, will appear in person…
Bitcoin (BTC) and Ether (ETH) surged above their respective overhead resistance levels on Dec. 4, indicating that the bulls are in no mood to slow down. The higher the price goes without a meaningful correction, the greater the feeling of missing out among traders. When traders chase prices higher, it could lead to a blow-off top before a correction sets…
ORDI, by far the biggest BRC-20 token built on Bitcoin’s Ordinals protocol, has more than doubled in price over the past week amid Bitcoin’s own rising price—and it surged to a new all-time high overnight. The token set a new peak price of $44.03 late Sunday, according to data from CoinGecko, and has since settled to a current price of…
Meta AI boss Yann LeCun sounded off on the industry-wide state of artificial intelligence and quantum computing during a recent event to celebrate the 10 year anniversary of the founding of Meta’s Fundamental Artificial Intelligence Research (FAIR) team. During LeCun’s commentary, he commented on Nvidia’s current stranglehold on the AI hardware industry, the likelihood human-level AI will emerge in the…
In the past seven days, Bitcoin (BTC) experienced a whopping 14.5% surge, hitting a 20-month high at $41,130 by Dec. 4. Traders and analysts have been abuzz with speculation, especially in the wake of the $100 million liquidation of short (bearish) Bitcoin futures within just 24 hours. However, when we dive into BTC derivatives data, a different story unfolds—one that…
Despite rebranding to Parallel Finance for a greater focus on the decentralized finance (DeFi) ecosystem, the nonfungible token (NFT) lending protocol ParaSpace will continue to focus on its core product amid sector woes. In a conversation with Cointelegraph, Yubo Ruan, founder and CEO of ParaSpace (now Parallel Finance), explains that the protocol uses a combination of diversified liquidity pools, dynamic…
The next bull market could kick off as soon as next year, propelled by catalysts such as the upcoming Bitcoin (BTC) halving and potential approval of a spot Bitcoin ETF in the United States. In our latest Cointelegrph Report, we explain how to prepare for the next parabolic move in five simple steps. First, it’s important to understand the Bitcoin…
Bitcoin’s surge may be getting the headlines, but a number of altcoins like Dogecoin (DOGE) and Shiba Inu (SHIB) are also experiencing big gains. Dogecoin, the biggest meme coin in existence and the 10th largest digital asset by market cap, was last week’s biggest gainer and is still gaining today: over the past 24 hours, it’s closing in on a…
Bitcoin’s rally to an 18-month high over $42,000 has pushed El Salvador’s BTC buys into the black, said the country’s president Nayib Bukele. Posting on Twitter, Bukele announced that at Bitcoin’s current market price, the country would make a profit of around $3.6 million were it to sell its holdings. “Of course, we have no intention of selling; that has…
According to a Dec. 4 post by El Salvador’s President Nayib Bukele, the country’s cumulative Bitcoin investments currently amount to $131 million with a net profit of $3.6 million, for a total gain of 2.84%. “Of course, we have no intention of selling; that has never been our objective,” said Bukele. “We are fully aware that the price will continue…
