Month: April 2023

Can Bitcoin reclaim $30K? Watch these BTC price levels next

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Bitcoin (BTC) fought to regain lost ground at the April 19 Wall Street open as traders called for calm on the day’s downside. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Unusual” spot sell triggers BTC price suspicion Data from Cointelegraph Markets Pro and TradingView monitored BTC/USD as it crawled toward $29,500 on Bitstamp. The pair had shed $1,000 in minutes earlier on the day as over $200 million in long liquidations accompanied a return below $30,000. Reactions subsequently linked the price action, which originated in a 16,000-BTC market sell on…

Musk to Launch ‘Truthgpt,’ Says Microsoft-Backed Chatbot Is Trained to Lie – Technology Bitcoin News

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Tech investor Elon Musk intends to develop an artificial intelligence (AI) platform that will be “truth-seeking” and safe for mankind. Admitting he is starting late, the billionaire nevertheless vowed to try to present a “third option” that will challenge the products of giants Microsoft and Google. Elon Musk Slams Microsoft-Funded Openai, Google Founder for AI Approach Entrepreneur Elon Musk announced he plans to create his own AI that will rival the offerings of tech giants. The new platform, which he referred to as “Truthgpt,” should try to understand the universe…

The Big Issues of Stablecoin Issuance

CryptoX – Cryptocurrency Analysis and News Portal Here are the key issues as the House Financial Services Committee hears testimony about stablecoin regulation. Original Source The post The Big Issues of Stablecoin Issuance appeared first on CryptoX. CryptoX Portal

Bitcoin Miner Mawson to Sell Texas Sites for $8.5M to Singapore Fund Manager

Luna Squares LLC, a separate subsidiary, hosted about 10,000 machines for bankrupt crypto lender Celsius as of the end of December 2022, according to court filings. Celsius loaned $20 million to Mawson in February 2022 and the two firms discussed another $20 million loan the following June. Luna Squares didn’t plan to add more Celsius machines as specified in their contract until the loan went through, the filings said. Luna Squares holds $15.3 million in Celsius deposits, according to the bankruptcy filings. Source

Just Eat Increases Earnings Outlook for 2023 despite Plunge in Orders

Just Eat now expects Adjusted EBITDA to hit €275 million, increasing its earnings outlook by €50 million despite poor orders. Online food delivery company Just Eat Takeaway.com is optimistic about its earnings outlook for 2023 regardless of a worrying reduction in the number of orders received. The company’s new outlook is interesting, especially since the figures are connected to a hopeful increase in numbers not yet achieved. In an official press release, Just Eat increased its Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) from €225 million to €275 million.…

From SNL and The Tonight Show to Sotheby’s:  NFT Creator Bryan Brinkman – Cointelegraph Magazine

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From working on Saturday Night Live and The Tonight Show as an animator to now having more than 1,000 collectors of his NFTs, Bryan Brinkman is an example of how a digital artist can thrive in ways never before possible.  Best described as a digital pop artist with an emphasis on animation, Brinkman’s fans include high-profile NFT collectors such as Pranksy, J1mmy.eth and WhaleShark. He has also been featured at Christie’s and had fractionalized art of his put up for auction at Sotheby’s. “Scroll’ by Bryan Brinkman. (SuperRare) “Prior to…

Hong Kong court rules cryptocurrencies as property

A court based in Hong Kong has acknowledged cryptocurrencies as property that can be held in trust in a ruling involving the defunct crypto exchange Gatecoin.  In a report published by the law firm Hogan Lovells, Justice Linda Chan said that crypto has the attributes of a property. The court deemed that it was appropriate to follow reasoning applied by other jurisdictions that crypto was property and was able to form the subject matter of trust. Chan noted: “Like other common law jurisdictions, our definition of ‘property’ is an inclusive…

BTC Nears Breakout Below $29,000 on Wednesday – Market Updates Bitcoin News

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Bitcoin fell to a one-week low on Apr. 19, as markets moved into consolidation following a recent bull run. Following today’s red wave, prices neared a breakout below the $29,000 level earlier in the session. Ethereum also declined, falling below $2,000. Bitcoin Bitcoin (BTC) moved lower on Wednesday, as markets began to consolidate following recent gains in price. Following a high of $30,470.30 on Tuesday, BTC/USD dropped to a bottom at the $29,102.17 mark earlier in the day. The low sent bitcoin to its lowest point since April 10, which…