600 speakers. 300 sessions. Pitchfest. Hackathon. Karate. Hundreds of side events. There’s a lot going at this year’s festival. Here are some highlights from across the stages and beyond. Source
Mt. Gox, a bankrupt Bitcoin exchange based in Shibuya, Tokyo, Japan, has executed a large-scale Bitcoin transfer to several unknown wallets. This move has effectively spooked the broader cryptocurrency market, sparking concerns about potential selling pressures. Mt Gox Transfers Over $2.9 Billion Worth Of Bitcoin On May 27, Blockchain analytics platform, Arkham Intelligence unveiled a massive Bitcoin transaction initiated by Mt. Gox. The bankrupt Bitcoin exchange transferred a whopping 42,830 BTC valued at $2.9 billion, into several unknown wallets, marking the first transfer in five years. Related Reading The reason…
Bitcoin’s hashrate has rebounded to the historic highs seen just before the fourth reward halving event. According to the seven-day simple moving average, the network’s hashrate reached a record 657 exahash per second (EH/s) this week. Bitcoin Hashrate Reaches Unprecedented 657 EH/s Following a significant drop post-halving, much of the hashrate has returned to the […] Original
On Tuesday, the publicly traded medical technology firm Semler Scientific announced its decision to allocate bitcoin to its treasury. The company disclosed that it had acquired 581 bitcoins for a total of $40 million. Semler Scientific Embraces Bitcoin Joining the trend initiated by Microstrategy in 2020, another company has reportedly begun holding bitcoin on its […] Original
Digital asset investment products have experienced unprecedented inflows, totaling $1.05 billion this past week alone, pushing the year-to-date figures to a record $14.9 billion. This surge, highlighted in a recent Coinshares flows report, marks a continuous three-week rise, signaling strong investor confidence and a landmark year for digital assets. Bitcoin Leads Digital Asset Inflows Coinshares‘ […] Source CryptoX Portal
Semler Scientific ($SMLR) disclosed the purchase of 581 bitcoins for its treasury, sending its stock price higher by 25% in early U.S. trading hours Tuesday. According to its most recent earnings statement, the company, which had a market cap of less than $200 million before this morning’s price rise, had cash and cash equivalents of $62.9 million as of the end of the first quarter. It had first-quarter revenue of $15.9 million and operating cash flow of $6.1 million. According to this morning’s press release, Semler purchased 581 bitcoins (BTC) for…
The problem here isn’t with AI at all; it’s the outdated, centralized, X-as-a-Service models, where there’s no incentive either to guarantee the security of their systems or to develop applications that the market and ordinary users want. The preferred future of AI — where it is safe, secure, and, above all, able to draw on vast compute resources — can only be achieved by flipping the cloud on its head and embracing the decentralization revolution. Source
Amidst positive sentiment surrounding the cryptocurrency market, well-known crypto analyst and enthusiast Crypto Con has offered a bullish overview of Bitcoin by identifying historical patterns that indicate that the price of BTC might rise to $123,832 in the upcoming months. By analyzing past market behavior and trends, the expert has discovered crucial indicators that suggest Bitcoin’s potential to outperform previous highs and reach unprecedented heights. Most Accurate Bitcoin Price Bands Crypto Con’s analysis delves into Bitcoin’s current behavior based on its price bands at several levels, particularly 3 levels, as…
Bitfarms’ shares were up nearly 6% at $2.13 as of 14:00 UTC following Riot’s announcement. Source
“Bitcoin is now a major asset class with more than $1 trillion of market value,” said company Chairman Eric Semler. “We believe it has unique characteristics as a scarce and finite asset that can serve as a reasonable inflation hedge and safe haven amid global instability. We also believe its digital, architectural resilience makes it preferable to gold, which has a market value of approximately 10 times that of bitcoin.” Original