Bitcoin Price Needs to Cross $62K to Mitigate Severe ‘Death Cross’ Effects The price of Bitcoin is approaching a critical point where a “death cross” on the daily chart could occur. The resistance at $62,000 may be essential in preventing a significant decline in BTC’s value, which has historically followed similar patterns. Key Resistance Level: […]
Bitfarms Stock Surges 22% Following Positive Q2 Results On August 8, Bitfarms experienced a strong trading session as its stock rose nearly 22% following the release of its latest quarterly earnings report, which showcased losses that were lower than anticipated. Highlights from Q2 Earnings Report Bitfarms, a Canadian Bitcoin mining company, reported a loss of […]
Controversy Surrounds Bitcoin Power Law as Criticism Intensifies The Bitcoin power law has sparked significant controversy, attracting staunch defenders and vocal critics alike. The Bitcoin power law, a mathematical model suggesting ongoing price growth for Bitcoin, has faced harsh scrutiny. Critics argue that it is “deeply flawed” and liken it to a mere “horoscope” rather […]
New Method ‘Dark Skippy’ Poses Risk to Bitcoin Hardware Wallets Recent findings reveal a new technique that hackers can use to extract private keys from Bitcoin hardware wallets with just a couple of signed transactions. This method, dubbed “Dark Skippy,” leverages malicious firmware. Overview of the Vulnerability Security researchers report that all types of hardware […]
1Password Addresses Security Vulnerability in Mac Version 1Password has recently addressed a security vulnerability in its Mac software that could potentially have been exploited by attackers to gain unauthorized access to user vault data. The issue was related to the absence of necessary inter-process validations. Details of the Vulnerability This vulnerability could have been exploited […]
AI’s Journey: From Hype to Reality It’s clear that the early excitement surrounding artificial intelligence (AI) has diminished, leading many to question its current impact. Evidence suggests that, for many consumers, AI hasn’t fulfilled its promises. A study published in the Journal of Hospitality Marketing & Management indicates that products tagged with AI terminology are […]
Bitcoin Price Reaches Weekly High Near $58.5K Following US Job Data Bitcoin buyers have emerged as the US jobless claims fall short of predictions, with significant buy orders on Binance contributing to a rise in BTC price, reaching weekly highs. Market Performance On August 8, Bitcoin (BTC) surged past $58,000, coinciding with the release of […]
WazirX to Reverse Transactions Following Major $235 Million Hack WazirX, a prominent cryptocurrency exchange in India, is responding to a significant security breach that resulted in a loss of $235 million through a multisig wallet compromise in July 2024. Restoration of User Accounts The exchange has declared its plan to reinstate the balances of all […]
Metaplanet Secures 1 Billion Yen Loan for Bitcoin Acquisition Following the announcement of its plan to raise $70 million through a stock rights offering, Metaplanet, often dubbed ‘Asia’s MicroStrategy’, has obtained a loan of approximately $6.8 million (1 billion Japanese yen) from a shareholder specifically to increase its Bitcoin holdings. Loan Details The loan from […]
Bitcoin’s Upcoming ‘Death Cross’ May Not Be Catastrophic for BTC Investors Bitcoin is nearing the point of a ‘death cross’ event, yet an analyst argues that historical trends indicate this might not be as alarming as it appears. Understanding the ‘Death Cross’ Pattern A death cross signifies a bearish market signal that occurs when the […]
