In Tehran, Iran, residents faced rolling blackouts during October and November, raising concerns about unauthorized cryptocurrency mining intensifying the power crisis. Many believe miners are exploiting subsidized electricity intended for low-income areas to power their operations. This surge in mining coincided with a rise in cryptocurrency value, prompting government officials to highlight the problem of ...
President-elect Donald Trump recently expressed his support for TikTok, suggesting that the popular social media platform should continue operating in the U.S. This comes as the U.S. Senate passed a law requiring TikTok’s Chinese parent company, ByteDance, to sell the app due to national security concerns. During a speech in Phoenix, Trump highlighted the billions ...
President-elect Donald Trump expressed support for TikTok’s continued operation in the U.S. during a rally in Phoenix, Arizona, highlighting the app’s significant impact on his presidential campaign, which garnered billions of views. His remarks come amidst concerns over national security that have led the Senate to pass a law requiring TikTok’s Chinese parent company, ByteDance, ...
Karnataka Bank is celebrating its centenary while leveraging the power of Nutanix’s Cloud Platform to manage essential business applications. This technology supports cloud-native services like mobile banking, loan management, and even a digital currency application mandated by the Reserve Bank of India. The bank values quick deployment and easy updates for its digital-savvy customers. CIO ...
Nate Geraci, a Bitcoin ETF expert, has high hopes for the Nexo 7RCC fund, which uniquely blends spot Bitcoin investments with futures contracts on carbon credits. Designed to consist of 80% Bitcoin and 20% carbon credits linked to EU and California emission quotas, this fund aims to attract eco-conscious investors while riding the wave of ...
As December delivers disappointing returns in an otherwise strong year for U.S. stocks, investors are cautious about the final weeks of 2024. The S&P 500 has risen over 24% this year, but recent drops following the Federal Reserve’s unexpected interest rate signals raise concerns. While the traditional “Santa Claus Rally” typically sees gains, this year’s ...
In today’s discussion, we explore a recent commentary from BlackRock that has ignited debate about Bitcoin’s future. The financial giant raised questions about Bitcoin’s 21 million supply cap, suggesting it could potentially change. This idea, akin to altering the rules of chess, has sparked backlash within the crypto community. Traditional finance and decentralized governance collide ...
MicroStrategy is making big waves in the Bitcoin Market, having recently purchased over 134,000 BTC in November 2024 alone. This amount surpasses their previous highest buys during the 2021 bull Market. The company’s major acquisitions include 27,200 BTC at around $74,000 each, followed by 51,780 BTC, and their largest purchase of 55,500 BTC at nearly ...
A popular analyst, known as TechDev, believes Bitcoin is about to enter a significant growth phase, or parabolic stage, in its Market cycle. TechDev, who has a substantial following on social media, shares that Bitcoin’s current technical indicators resemble those that preceded major price surges in previous cycles. He points out that Bitcoin has recently ...
A prominent crypto analyst known as TechDev believes Bitcoin is on the verge of entering a parabolic phase in its Market cycle. With over 490,000 followers on the platform X, he highlights technical indicators that historically signaled significant price rallies for Bitcoin. TechDev notes that Bitcoin has recently breached the upper range of its Bollinger ...
