Tag: Report

Russian Bitcoin mining supplier to spend over $130m on AI data centers: report

boss

Russia’s crypto mining equipment supplier Intelion is reportedly considering an investment of over $130 million to develop AI data centers. Moscow-headquartered crypto mining supplier Intelion is planning to spend up to 12 billion Russian rubles (over $130 million) on purchasing server equipment to build artificial intelligence (AI) data centers, Russian media RBC reports, citing Intelion Cloud head Maxim Vyaznikov. As per the report, Intelion, which also operates a branch in Dubai, already possesses servers equipped with Nvidia’s A100 chips, despite a 2022 U.S. Department of Commerce ban on the sale…

Zimbabwe Is Seeking Comments on the Crypto Industry as It Works on Policy: Report

“In line with global trends and best practices, Zimbabwe is embarking on an exercise to assess and understand the cryptocurrency landscape,” the government said in a statement published in the state-run Herald newspaper Wednesday. It’s “inviting all cryptocurrency service providers,” whether operating inside or outside the country but providing services to people in Zimbabwe, to provide comments. Source

Bitcoin (BTC) Price Pullback to $66K Triggers $250M Crypto Liquidations Traders Braces for FOMC, CPI Report

boss

Altcoins saw even deeper pullbacks during the same period, with the broad-market crypto market benchmark CoinDesk 20 Index declining over 6% with all twenty constituents being in the red. Ethereum’s ether (ETH) broke below $3,500 and was down 6.5%, while solana (SOL), dogecoin (DOGE), Cardano’s ADA and Chainlink’s LINK endured 6%-9% losses. Original

Bitcoin (BTC), Ether (ETH) Price Drop Following U.S. Jobs Report Is ‘Buy the Dip’ Opportunity, QCP Capital Says

Friday’s non-farm payrolls data showed the U.S. economy added 272,000 jobs in May, way more than the 185,000 estimated and well ahead of April’s downwardly revised 165,000. While the jobless rate ticked higher to 4%, average hourly earnings, the sticky inflation component, rose 0.4% month-on-month, above the expectation of a 0.3% rise. Source CryptoX Portal

Report: Speculation Returns as Bitcoin Market Shows Signs of Recovery

boss

Glassnode’s latest onchain analysis reveals a resurgence in speculative activity in the bitcoin (BTC) market after months of stagnation. This shift marks a potential change in market sentiment, with both short and long-term holders displaying increased engagement. Mt Gox Preparations Spark New Wave of Bitcoin Speculation Analysts at Glassnode reported the reappearance of speculative behavior […] Original

FTX Loaned Millions to Australian Influencer to Ward Off Potential Litigation, Bankruptcy Report Reveals

According to a bankruptcy report from FTX, the defunct cryptocurrency exchange loaned an Australian influencer slightly more than $13 million. This loan was intended to assist him in repaying investors. The exchange proposed lending Saunders millions of dollars to prevent potential harm to its reputation and avoid litigation. Bankruptcy Report Contradicts Saunders’ Previous Assertions The […] Source CryptoX Portal

Crypto market plunges $96b following strong US jobs report

In the last 24 hours, the crypto market lost more than $96 billion as major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), faced corrections. Bitcoin, the leading cryptocurrency, saw a sharp drop to an intraday low of $68,507. At the time of going to press, the cryptocurrency was priced at $69,321 — a 2.57% dip from the previous 24 hours. Additionally, Bitcoin’s 24-hour trading volume went down by more than 4% to $28.1 billion. The correction came on the back of Bitcoin hitting a multi-week high of $72,000 on June…

San Francisco-Based Crypto Exchange Kraken Mulls $100,000,000+ Pre-IPO Funding Round: Report

boss

One of the world’s largest and oldest crypto exchanges is reportedly contemplating a final funding round before possibly going public. Citing people familiar with the matter, Bloomberg reports that San Francisco-based Kraken is mulling conducting a pre-initial public offering (IPO) round after receiving inquiries from potential investors. The fundraising, which will likely aim to raise more than $100 million, may be completed by the year-end, according to the sources. Bloomberg says the exchange is looking for a “marquee” company to join its board and help it kick off a successful…

Franklin Templeton Explores Launching Crypto Fund Investing in Tokens Beyond Bitcoin (BTC) and Ether (ETH): Report

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Bybit Report Shows Growing Popularity of Meme Coins Among Institutional and Retail Investors

A new report by crypto exchange Bybit shows that meme coins are becoming significant components of crypto portfolios. Institutional meme coin holdings surged 226% from February to March while retail meme coin holdings spiked 478% from February to April. However, they “aggressively sold off” their meme coins when market sentiment soured. ‘We Saw a Large […] Source CryptoX Portal