Bitcoin Mining Industry Is Well Positioned to Participate in a New Cycle: Bernstein
The mining industry is well positioned to participate in a new bitcoin (BTC) cycle, Bernstein said in a research report Thursday. The broker sees positive catalysts from the largest cryptocurrency’s safe haven status, the reward halving due early 2024 and lower energy and equipment costs. Rising bitcoin prices – the largest cryptocurrency by market cap has climbed 70% this year – and easing energy and equipment costs bode well for cash generation and the leverage position of miners, the repor...
Bitcoin Mining Industry Is Well Positioned to Participate in a New Cycle: Bernstein
The mining industry is well positioned to participate in a new bitcoin (BTC) cycle, Bernstein said in a research report Thursday. The broker sees positive catalysts from the largest cryptocurrency’s safe haven status, the reward halving due early 2024 and lower energy and equipment costs. Rising bitcoin prices – the largest cryptocurrency by market cap has climbed 70% this year – and easing energy and equipment costs bode well for cash generation and the leverage position of miners, the repor...
Arbitrum airdrop sees 1,500 addresses consolidate $3.3M into two wallets
As the hype surrounding the Arbitrum (ARB) airdrop continues, on-chain activity shows that airdrop hunters consolidated tokens worth around $3.3 million collectively from 1,496 wallets into two wallets. According to the blockchain analysis platform Lookonchain, one wallet received 1.4 million ARB from 866 addresses. The account then added all the ARB received to the decentralized exchange Uniswap to provide liquidity. The 1.4 million ARB tokens are worth around $2 million at the time of writi...
Arbitrum airdrop sees 1,500 addresses consolidate $3.3M into two wallets
As the hype surrounding the Arbitrum (ARB) airdrop continues, on-chain activity shows that airdrop hunters consolidated tokens worth around $3.3 million collectively from 1,496 wallets into two wallets. According to the blockchain analysis platform Lookonchain, one wallet received 1.4 million ARB from 866 addresses. The account then added all the ARB received to the decentralized exchange Uniswap to provide liquidity. The 1.4 million ARB tokens are worth around $2 million at the time of writi...
Binance halts deposits, withdrawals on glitches in spot trading
Cryptocurrency exchange Binance has paused deposits and withdrawals on its platform due to issues affecting its spot trading, its Chief Executive Changpeng Zhao said in a tweet on Friday. "Initial analysis indicates matching engine encountered a bug on a trailing stop order," he said in a tweet, adding that the pause was a standard operating procedure. Last week, Binance said it will be halting its sterling deposits and withdrawals, a month after the world's largest crypto exchange cease...
Binance halts deposits, withdrawals on glitches in spot trading
Cryptocurrency exchange Binance has paused deposits and withdrawals on its platform due to issues affecting its spot trading, its Chief Executive Changpeng Zhao said in a tweet on Friday. "Initial analysis indicates matching engine encountered a bug on a trailing stop order," he said in a tweet, adding that the pause was a standard operating procedure. Last week, Binance said it will be halting its sterling deposits and withdrawals, a month after the world's largest crypto exchange cease...
Bullish Sentiment Captures UNI Market as Buying Momentum Accelerates
KEY POINTS:The UNI token shows bullish sentiment as the market continues to rise.At the time of writing, UNI is trading at $6.23, up 1.02% in the last 24 hours.Support for cryptocurrency is present at $5.60, and resistance at $6.43.The UNI token is showing bullish results for the day as the price continues to rise. The price has risen up to $6.23 since its opening, exceeding all expectations. This is a positive sign for the token and indicates that investors are bullish about the price of UNI...
Bullish Sentiment Captures UNI Market as Buying Momentum Accelerates
KEY POINTS:The UNI token shows bullish sentiment as the market continues to rise.At the time of writing, UNI is trading at $6.23, up 1.02% in the last 24 hours.Support for cryptocurrency is present at $5.60, and resistance at $6.43.The UNI token is showing bullish results for the day as the price continues to rise. The price has risen up to $6.23 since its opening, exceeding all expectations. This is a positive sign for the token and indicates that investors are bullish about the price of UNI...
VOW: Volkswagen Accelerates in the Race for a Low-Cost Electric Vehicle
Automakers are scrambling to create cost effective electric vehicles to meet consumer demand, and Volkswagen wants in on the action. The company just announced plans for a major investment in the space in order to protect its share of the market, and do battle against the likes of Tesla and Ford. Volkswagen makes its move VW has announced that over the next 5 years, it plans to invest a whopping $139bn with a focus on technologies to reduce the cost of electric vehicles. The allocation will r...
VOW: Volkswagen Accelerates in the Race for a Low-Cost Electric Vehicle
Automakers are scrambling to create cost effective electric vehicles to meet consumer demand, and Volkswagen wants in on the action. The company just announced plans for a major investment in the space in order to protect its share of the market, and do battle against the likes of Tesla and Ford. Volkswagen makes its move VW has announced that over the next 5 years, it plans to invest a whopping $139bn with a focus on technologies to reduce the cost of electric vehicles. The allocation will r...
