Month: April 2023

Bitcoin price fills CME futures gap but forecasts say $25K may be next

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Bitcoin (BTC) hit new intraday lows on April 21 as traders warned that $25,000 might come next. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: $25,000 BTC price would be “absolutely fine” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD struggling to preserve $28,000 as support on Bitstamp. The pair looked “weak,” in the words of one analyst, as overnight events failed to resurrect any sign of its previous uptrend. #Bitcoin is currently showing weakness. Broke back in the range, lost one of the crucial levels. Final crucial level is at…

Play-to-Earn Project Axie Infinity’s AXS Price Declines as $156M Token Unlock Looms

Unlocks are widely considered bearish catalysts. That’s because holders benefiting from the unlock have the new ability to sell their coins, potentially adding to the supply in the market. It’s common for early stage projects to lock tokens to prevent big holders, typically early investors or project team members, from selling their coins all at once and causing a price slide. Source

Fugitive Crypto Exchange Founder Faruk Ozer Extradited to Turkey – Exchanges Bitcoin News

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Albania has extradited the founder of Turkish cryptocurrency exchange Thodex to his home country where he is charged with defrauding investors. The crypto entrepreneur disappeared after his trading platform unexpectedly went offline in the spring of 2021 and was arrested last year by Albanian law enforcement. Albania Hands Over Alleged Crypto Fraudster to Turkish Authorities Faruk Fatih Ozer, founder and CEO of failed crypto exchange Thodex, was extradited to Turkey by the Albanian Ministry of Justice acting on the order of the country’s Supreme Court. A plane carrying Ozer landed…

Number of Unique Traders Dramatically Drops to below 10K on All Platforms

The number of NFT sales across marketplaces has also significantly dropped in the past few days to approximately 16,149 sales reported on April 19. The Non-Fungible Tokens (NFT) market recorded tremendous progress fueled by the DeFi boom in the past few years. The growth of  GameFi and the Metaverse market has significantly boosted the NFT market, which was previously locked to digital art collectors. Since the Beeple NFT sale worth $69 million more than two years ago, there have emerged dozens of other talented artists, and startups interested in the…

Berachain, DeFi-focused Layer-1 Platform, Secures $42M in Series A Funding

Berachain’s “proof-of-liquidity” consensus system will allow users to simultaneously stake assets on Berachain while using those assets to trade, borrow, or lend on-chain. On Thursday, April 20, DeFi-focused Layer 1 platform Berachain announced that it had raised a total of $42 million in Series A funding at a valuation of $420 million. Polychain Capital led the fundraising, already finalized in December 2022, along with other investors such as da05, Hack VC, Tribe Capital, CitizenX, Shimla Capital, and Robot Ventures. Along with it, several undisclosed centralized exchanges also chose to participate.…

BuzzFeed to Shut Down Its News Unit and Lay off 15% of Staff

In addition to closing the news unit and laying off employees, BuzzFeed has also announced that two of its executives are stepping down. Its chief revenue officer Edgar Hernandez and chief operating officer Christian Baesler are leaving the company. BuzzFeed Inc (NASDAQ: BZFD), an American entertainment company that focuses on digital media, has announced a decision to close its news division within the cost-cutting strategy. As BuzzFeed founder and CEO Jonah Peretti has explained, the company “can no longer continue to fund BuzzFeed News” and is planning to make substantial redundancies…

CTSI gains 95% in a week, market cap explodes

Cartesi has made headlines this week after its token, CTSI, became one of the biggest crypto market winners with a price surge of 95%. CTSI hits high market cap in a week The price of CTSI jumped 95% over the last seven days, selling at $0.3299 on April 20, an 8.95% increase from April 19, according to CoinMarketCap. The total market cap also increased by $110 million, reaching $221 million in the week. Cartesi 7-day price activity| Source: CoinMarketCap Data from IntoTheBlock, a crypto market intelligence platform, shows that the…

Gemini flags ‘big plans’ for Asia with India hub and regional CEO

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United States-based cryptocurrency exchange Gemini announced the establishment of a new engineering hub in India with plans to tap into the country’s pool of top tech talent. In an April 20 statement, Gemini’s Global CTO Pravjit Tiwana announced Gemini is “in the midst” of opening an engineering center in Gurgaon, India. It said it will be the exchange’s second-largest engineering hub trailing behind its hub in the U.S. Heading up the operation will be Tiwana, who has been appointed as the CEO of Gemini Asia Pacific in addition to his…

Michael Schumacher’s family to pursue legal action over AI interview

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A German magazine has used artificial intelligence (AI) to simulate an interview with former Formula One driver Michael Schumacher and now his family said they’ll pursue legal action over the matter. The German magazine Die Aktuelle released on April 14 promised “the first interview!” with Schumacher since he suffered a serious brain injury in a 2013 skiing accident. The front cover of the Die Aktuelle edition which, translated, says “Michael Schumacher the first interview!” Source: Funke While the magazine did add the line “it sounds deceptively real” to the front…

Terawulf Energizes 50 MW at Nuclear-Powered Bitcoin Mining Facility Nautilus – Mining Bitcoin News

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Bitcoin mining company Terawulf has announced the full deployment of its 50-megawatt (MW) stake in the nuclear-powered Nautilus Cryptomine facility. The behind-the-meter bitcoin mining facility is powered by 100% nuclear power and benefits from a fixed power cost of $0.02 per kilowatt-hour (kWh), according to the company. Terawulf Fires up 50 MW Zero-Carbon Bitcoin Mining; Aims to Reach 5.5 EH/s of Capacity by Q2 2023 Just over 45 days ago, the bitcoin mining firm Terawulf announced it had energized the Nautilus Cryptomine facility, a carbon-free data center with 24/7 baseload…