Month: September 2022

SBF and the Mooch tie the knot as FTX Ventures takes 30% stake of SkyBridge Capital

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FTX Ventures, an arm of Sam Bankman-Fried’s FTX crypto exchange, will acquire a 30% stake in alternative asset manager SkyBridge Capital, the firms announced Sept. 9. The terms of the deal were not disclosed, but SkyBridge will use $40 million of the proceeds to purchase cryptocurrencies to hold as a long-term investment, according to a statement.  SkyBridge founder and managing partner Anthony Scaramucci said about the deal on Twitter, “There’s a small universe of outside investors SkyBridge would ever consider partnering with, and @SBF_FTX is one of them.” He added…

Bitcoin Bottoms: As Easy As Pi?

In this episode of NewsBTC’s daily technical analysis videos, we compare past Bitcoin bottoms and tops using the Pi Cycle Bottom and Pi Cycle Top indicator.  We also dive into recent comments from John Bollinger, creator of the Bollinger Bands.  Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): September 9, 2022 This video provides a detailed look at Bitcoin market cycles using the Pi Cycle Bottom indicator and other tools. A recent exchange between Tony “The Bull” and the creator of the Bollinger Bands is also a…

Warren Buffett Warns Investor "This Is Your Last Chance To Exit ,Bitcoin Is Doomed"

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Warren Buffett and Charlie Munger blast Bitcoin and the broader cryptocurrency industry during Berkshire Hathaway’s annual shareholder meeting held on 30th April 2022. Warren Buffet while answering the question regarding Bitcoin and crypto said that he wouldn’t buy Bitcoin even if he would be offered to buy at 25 dollars per BTC. Because at the end of the day it doesn’t have any utility and What would he do with it? Buffett said. Rather he would prefer to buy a portion of…

CleanSpark acquires mining facility in Georgia for $33 million

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Crypto mining firm CleanSpark announced an agreement on Friday to acquire Mawson’s Bitcoin mining facility in Sandersville, Georgia for $33 million. The deal is anticipated to increase CleanSpark’s hash rate by 1.4 exahashes per second (EH/s) in the next few months, and to 7.0 EH/s by the end of next year. As part of the agreement, 6,468 last-generation mining ASICs will be purchased for $9.5 million, or $17 per terahash. “These machines, already operating at the acquired site, will add over 558 petahashes per second (PH/s) of computing power immediately…

Will Bitcoin’s rally sustain? DXY, SPX, GC and WTI could have the answer

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Federal Reserve Chairman Jerome Powell said in a question and answer session hosted by the Cato Institute on Sept. 8 that the central bank will continue to hike rates until inflation is under control. However, these comments did not rattle the markets as much as most would have anticipated, indicating that traders might have already factored in a 75 basis point rate hike in the Fed’s next meeting on Sept. 20–21. Bitcoin has been strongly correlated with the S&P 500 and inversely correlated with the United States dollar index (DXY)…

Group of Senators Press Meta, Mark Zuckerberg for Action on Crypto Scams

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New York Denies Air Permit To Bitcoin Mining Plant On Seneca Lake Amid State Climate Laws

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io New York state is denying a critical permit for a controversial bitcoin mining operation. Officials say the business in the state’s Finger Lakes region is not meeting state climate laws. NBC’s Gretchen Morgenson reports.  » Subscribe to NBC News: » Watch more NBC video: NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and…

Solana Nears 100 Billion Transaction Milestone As Price Aims For $40

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Solana has made a name for itself in the decentralized finance (DeFi) and non-fungible token (NFT) space over the last few years. Its growth has seen it become one of the largest contenders for the leading smart contract network Ethereum, as it presents faster and cheaper transaction options. Its transaction count had quickly multiplied in light of this, and now, the cryptocurrency has neared another important milestone. Almost 100 Billion Transactions With only two years of operations under its belt, Solana has quickly grown in prominence among crypto investors. With…