Day: October 21, 2024

Blockchain Takes Center Stage At 2024 Global Data Ecosystem Conference In Shanghai

This year’s Global Data Ecosystem Conference, held in Pudong New Area, Shanghai, has ended positively. The two-day tech conference was extra special because it focused on popular blockchain technology, related applications, and other emerging innovations. Over 30 events were held during the conference, covering various topics, including blockchain technology, international data cooperation, data and its value to industries, and an initiative to connect data service providers. Shanghai was the perfect host for the global conference, which organizers expect can lead to exploring new data and blockchain technologies. Global Data Ecosystem…

7 Reasons To Be Bullish On Bitcoin This Week

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Este artículo también está disponible en español. In an analysis shared on X, crypto analyst Patric H. from CryptelligenceX outlines seven reasons why investors should be bullish about the Bitcoin price trajectory this week. “How can anyone be bearish here?! BTC broke the weekly downtrend, closing above key levels, and some people still call for sub-$40k?! Sorry, bears, you clearly missed the fundamental changes of the past two weeks,” he states. #1 Mt. Gox Bitcoin Repayment Deadline Extension The defunct exchange Mt. Gox has filed for a change in its…

Bitcoin Hashrate Hits All-Time High as Publicly-Listed Miners’ Share of the Network Peaks

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Bitcoin mining is one of the hardest industries to stay profitable, due to it’s capital intensive nature, on top of block rewards getting cut in half every four years. As a result, the weaker miners will have to unplug from the network, as staying online is not financially viable. Therefore, miners with the lowest cost of energy or the strongest balance sheet will continue to increase network share. Original

Stripe reportedly acquires stablecoin platform Bridge in $1.1b deal

Payments giant Stripe has completed the acquisition of stablecoin platform Bridge following a deal valued at over one billion dollars. Without revealing any details, Michael Arrington, co-founder of TechCrunch, confirmed the acquisition via an Oct. 20 X post, noting that the acquisition cost Stripe $1.1 billion.  As of press time, the companies have yet to make an official statement about the purchase.  Last week, crypto.news reported that the firms were in the final stages of negotiation, but a decision had not been made. Neither, Stripe, nor Bridge had confirmed the…

Central Banks Are Secretly Buying Bitcoin

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It might sound like a conspiracy, but central banks are almost certainly already buying Bitcoin. Here’s why: Hedging Against Their Own Policies Nearly all countries are up to their ears in debt. Since austerity measures are not politically acceptable, they must find other ways to manage that debt – and the easiest path is just […] Original

New Hampshire AG Joins Calls to Designate Jailed Ex-Federal Agent as Hostage

New Hampshire Attorney General John M. Formella and 17 other state attorneys general are urging the Biden Administration to designate Tigran Gambaryan, a detained U.S. citizen, as a hostage. The AGs express deep concern for his well-being and safety, given his prolonged detention in Nigeria without formal charges. Gambaryan, a former law enforcement officer with […] Source CryptoX Portal

Ripple At A Critical Juncture Like Amazon In 1997: Investment Pro

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Este artículo también está disponible en español. Ripple Labs is approaching a pivotal turning point with a potential initial public offering (IPO), a development that has been speculated about for some time. An IPO could be a transformative moment reminiscent of Amazon.com Inc.’s initial public offering (IPO) in 1997. Jake Claver, a Qualified Family Office Professional (QFOP), articulates this perspective in a thread on X, suggesting that Ripple’s strategic maneuvers could mirror the trajectory that propelled Amazon into a global tech behemoth. According to Claver, the company has cemented its…