Tag: bitcoin's
Bitcoin, Gold Could Benefit From Rising Geopolitical Tension and U.S. Election: JPMorgan
Geopolitical risk and the upcoming U.S. election are likely to reinforce the 'debasement trade,' to the benefit of both bitcoin and gold, the report said. Updated Oct 4, 2024, 8:20 a.m. UTC Published Oct 4, 2024, 8:17 a.m. UTC Bitcoin and gold to benefit from growing geopolitical tension and the U.S. election, the report said. JPMorgan said
Bitcoin Set for Unusually Busy Weekend After Friday’s Payrolls Data, Volatility Kink Indicates
BTC's implied volatility curve shows a noticeable kink on Oct. 5, signaling expectations for an unusually volatile Saturday. Updated Oct 4, 2024, 6:35 p.m. UTC Published Oct 4, 2024, 6:55 a.m. UTC BTC's options expiring on Oct 5 trade at higher implied volatility (IV) compared to Oct. 25 options. The so-called IV kink points to a unusually
Lekker Capital’s Quinn Thompson Says Buying Bitcoin BTC’s Current Dip is a No-Brainer
Bitcoin has declined over 6% in the last seven days, slipping off the $66,000 threshold attained in late September . This downturn has sparked fear among investors, triggering a significant sell-off. Quinn Thompson, the chief investment officer at Lekker Capital, says this week’s Bitcoin dip is nothing compared to previous downturns. Thompson believes investors should
TeraWulf Offloads Nautilus Stake to Invest in Cheaper Bitcoin Miners and AI
Bitcoin miner TeraWulf has ramped up efforts to expand its BTC mining and AI data computing operations . According to a recent report, the firm sold its share in the Nautilus Cryptomine to Talen Energy for $92 million . It will invest the proceeds into AI data centers and buy better Bitcoin miners. TeraWulf Offloads
US Spot Bitcoin ETFs Record $54 Million in Outflows, Their Third Consecutive Outflow Streak
On Thursday, the US spot Bitcoin exchange-traded funds (ETFs) recorded the exit of $54.13 million, marking their third straight day of outflow. Similarly, Ethereum-based ETFs posted $3.20 million in net outflows , led by Grayscale’s ETHE, which recorded an outflow of $14.7. Meanwhile, the broader crypto market shows signs of recovery after a few days
Bitcoin Miner TeraWulf Sells 25% Stake in Nautilus for $92 Million
Bitcoin mining firm TeraWulf has sold its 25% stake in the Nautilus Cryptomine joint venture to its partner, a subsidiary of Talen Energy, in a deal worth about $92 million. The company plans to use the funds to expand its operations at the Lake Mariner facility, including building the 20 MW CB-1 operation for hosting
BitGo’s WBTC Retains Over 65% Market Dominance Despite Criticism of Custody Model: Report
Wrapped Bitcoin (WBTC), a wrapped version of Bitcoin developed by BitGo, Kyber Network, and Ren, continues to dominate the tokenized BTC market despite criticism around the project, according to Binance Research’s latest monthly report. The wrapped token represents Bitcoin at 1:1 on other blockchains such as Ethereum and Solana. This allows users to access BTC
Substantial Net Outflows for Bitcoin, Ethereum Funds as Prices Tumble: Weekly ETF Recap
After being on a highly impressive streak of net inflows, the landscape around the 11 US spot Bitcoin ETFs changed in the past week, perhaps due to the geopolitical tension in the Middle East. The Ethereum-based funds are also in the red on a weekly scale, while the two underlying assets’ prices crashed to local
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Embracer
Embracer Will Spin-Off ‘Fellowship Entertainment’ Into Its Own Company
"this approach represents the most effective long-term solution" by Ollie Reynolds 40 mins ago Image: Amazon Game Studios Embracer has announced its intention to spin-off Fellowship Entertainment into its own company in 2027. In the press release, founder Lars Wingefors states that the approach "represents the most effective long-term solution" for Embracer, with the intention
Draft
2027 NFL Draft Prospect Interview: Mikey D’Amato, LB, Cal Poly
2027 NFL Draft Prospect Interview: Mikey D’Amato, LB, Cal Poly Name: Mikey D’Amato Position: LB College: Cal Poly Height: 6′ 0″ Weight: 235 lbs X: @mikeydamato2 Instagram: @mikey_damato_ What made you decide you wanted to be a football player? It’s kind of in my blood, my pops he actually played in the NFL so honestly
Technology
These Types Of Vehicles Typically Depreciate Faster Than Others
Every gearhead has been in this situation. You're surfing through eBay Motors or Facebook Marketplace looking for cars, either just for fun or because you want a new project, and you see it: a European luxury car like a Mercedes S-Class, a BMW 7 Series, or something wild like a Maserati. The price is really
Inside
Roundtables: Inside the Musk v. Altman Trial
Watch subscriber-only discussion going behind the scenes of the trial and the implications for the AI race. Available only for MIT Alumni and subscribers. Listen to the session or watch below Elon Musk lost his suit against OpenAI, in which he alleged CEO Sam Altman and President Greg Brockman had deceived him over the company’s
Interview
Interview: How Volvo built software for a two-and-a-half-tonne moving object
Anders Bell points to his grey hair and laughs. “Three years ago, it was still blond and curly,” says Volvo’s chief engineering and technology officer. The remark is more than self-deprecating. It captures what Volvo has been through: five years of building a software-defined vehicle (SDV) from scratch, as a traditional carmaker, with no blueprint