Bitcoin’s Unrelenting Rise Continues: BTC Passes $122K

Bitcoin continued its ascent on Monday morning, achieving yet another all-time high in its price record. The leading cryptocurrency reached nearly $122,600 on Bitstamp, with analysts suggesting that this is just another stepping stone on the path to even higher highs. Bitcoin has continued its rise to all-time high prices on Monday morning, having reached […] Original

Bitcoin Price Crash Possible As Correction Sentiment Takes Hold — $110,000 Next?

After hitting a new all-time high of $121,400, the Bitcoin price has started consolidating once again, although the support continues to hold. This is not out of the ordinary, as pullbacks after a major rally are quite common and could be the cool-off needed the uptrend to continue. However, while the $117,000 support has held nicely, it is possible that a deeper correction could be in the cards for the cryptocurrency before the price takes off again. Why A Bitcoin Price Crash Could Begin With the hit to new all-time…

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Collapsed UK Crypto Firm Ziglu Reveals $2.7M Shortfall, Imperiling Investors

Administrators of a collapsed UK-based crypto firm have identified a $2.7 million shortfall, increasing the risk of total investment loss for some customers. Management Accused of Misappropriating Customer Funds Administrators for Ziglu, the collapsed United Kingdom-based crypto firm, have reportedly uncovered a shortfall of $2.7 million (£2 million), raising the likelihood that investors may lose […] Source CryptoX Portal

Dolce & Gabbana USA Escapes NFT Class-Action Lawsuit

The US arm of Dolce & Gabbana has escaped a proposed class-action lawsuit over its parent company’s alleged abandonment of a non-fungible token (NFT) project. In an order on Friday, New York federal court judge Naomi Reice Buchwald sided with Dolce & Gabbana USA Inc., dismissing the lawsuit because it wasn’t an “alter ego” of its Italy-based parent, Dolce & Gabbana SRL. A group of NFT buyers claimed in a lawsuit filed in May 2024 and updated in September that Dolce & Gabbana and its US arm “are effectively the…

XAI Blames Code Glitch For Grok’s Anti-Semitic Posts

Elon Musk’s artificial intelligence firm xAI has blamed a code update for the Grok chatbot’s “horrific behaviour” last week when it started churning out anti-Semitic responses. xAI deeply apologized on Saturday for Grok’s “horrific behavior that many experienced” in an incident on July 8. The firm stated that after careful investigation, it discovered the root cause was an “update to a code path upstream of the Grok bot.”  “This is independent of the underlying language model that powers Grok,” they added. The update was active for 16 hours, during which…

Bitcoin Rally Makes Satoshi Nakamoto 11th Richest Billionaire

Bitcoin’s creator, Satoshi Nakamoto, became the 11th richest person in the world after Bitcoin tapped $120,000 on Sunday.  Nakamoto is believed to hold 1.096 million Bitcoin (BTC) across thousands of wallets, which is worth over $131 billion at current prices, according to blockchain analytics company Arkham.  This would, in theory, place Nakamoto at number 11 on Forbes’ richest billionaires list, overtaking Michael Dell, CEO of tech giant Dell Technologies, with a net worth of $125.1 billion. However, Forbes’ billionaires list doesn’t consider crypto wallet holdings when evaluating billionaires; instead, it tracks…

BTC Hits $120K as Profit Taking Remains Below Previous Peaks

Key Takeaways: Bitcoin rallied to $120,000 on Coinbase, led by BlackRock’s spot ETF, now holding over 700,000 BTC, surpassing Strategy. BTC Long-Term Holder NUPL remains below overheated levels, indicating minimal profit taking. Daily transactions are rising without panic selling, while accumulation addresses hold a yearly high of 250,000 BTC. Bitcoin (BTC) extended its July rally by clearing a new all-time high of $120,000 on Coinbase at 2:47 am on July 14. The flagship crypto is now up 13% this month, leading to close its third consecutive green monthly candle. The…

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