Day: January 7, 2024

Bitcoin heads to the Moon in historic BitMEX endeavor

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BitMEX is pioneering a mission in partnership with Pittsburgh-based Astrobotic, Bitcoin Magazine, and Oxcart Assembly to transport a physical Bitcoin (BTC) to the Moon. The event is the culmination of plans first announced in May 2023. On Monday, Jan. 8, a privately-built spacecraft is Slated to take off from Cape Canaveral Space Force Station, Florida, at 02:18 am ET. The physical Bitcoin, valued at approximately $45,000, will be launched on a United Launch Alliance (ULA) Vulcan rocket and integrated into Peregrine-1, a commercial lunar lander. T-3 days till Bitcoin goes…

Ethereum Giga Whales On A Historic Buying Spree

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Ethereum whales have been on a buying spree for a while now, which is an indication of their sustained support for the king of altcoins. These whale buys have particularly increased in the past few weeks. On-chain data from Santiment reveals Ethereum’s largest private wallets now hold an all-time high of 56.25 million ETH, representing 46.8% of the crypto’s total circulating supply.  Ethereum Whales Accumulate Record Amounts Of ETH Ethereum is currently trading in a range, as price action shows the crypto trading between the higher end of $2,434 and…

Bitcoin is weak; Reddit users focus on crypto AI projects

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin, the original crypto titan, is losing the upside momentum. As it wanes, the crypto community, especially on Reddit, is looking at AI-driven coins, especially Borroe Finance (ROE).  Bitcoin losing steam Let’s face it: Bitcoin has seen better days.  Recently trading below the $43,000 mark, it’s clear that the crypto giant is facing some challenges.  On Reddit, more are discussing Bitcoin‘s current lackluster performance.  Some are speculating about its…

Akash Who? Lesser-Known Altcoin Rules Weekend’s Top 100 List With 40% Rally

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Over the course of a single year, Akash (AKT) – a seemingly unheard of altcoin – exhibited a surprising surge, with its value skyrocketing by over 1,400%, showcasing remarkable resilience and strength in the market. This strong performance not only underscores the asset’s robustness but also positions it as a notable player in the cryptocurrency landscape. Akash Network’s Remarkable Recovery Surge When the price of the Akash Network (AKT) token recovered from the $0.75 level in mid-October 2023, it began an aggressive recovery pattern within the general tone of the…

Bloomberg Analyst Cuts Probability of Bitcoin Spot ETF Rejection to 5%

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Popular Bloomberg ETF analyst Eric Balchunas has lowered the possibility of the US Securities and Exchange Commission (SEC) denying the launch of the Bitcoin spot ETF to 5%. This latest forecast comes as crypto enthusiasts worldwide anticipate a wide-scale approval of various Bitcoin spot ETF proposals by the SEC on Wednesday, January 10. Why The Bitcoin Spot ETF Approval Appears Nearly Certain: Bloomberg Analysts Weigh In In October, Eric Balchunas and fellow Bloomberg analyst James Seyffart predicted that there is a 90% chance that ARK Invest and 21 shares would…