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NVIDIA's NIM Agent Blueprint leverages generative AI for faster, cost-effective drug discovery, enhancing hit-to-lead transitions. (Read More)
Researchers are using AI to resurrect DNA from extinct species to combat drug-resistant pathogens, potentially revolutionizing antibiotic discovery. (Read More)
Binance.US is gearing up for an extended legal battle with the SEC, emphasizing its commitment to compliance and criticizing the agencys enforcement tactics.
Quantum mechanics is enhancing drug discovery through the use of QUELO-G and CUDA graphs. (Read More)
Pre-launch volatility underscores the critical role of liquidity in stabilizing markets, according to the report.
Bitcoin price has been fluctuating rapidly, attracting significant attention from investors and traders. In order to establish a clear direction, Bitcoin needs to close the week above a crucial level. This will pave the way for price discovery and potentially set the tone for future market movements. The current market situation requires a strategic approach [...]
BrainStorm Therapeutics leverages AI and organoids to advance drug discovery for brain diseases, aiming to reduce clinical trial failures and accelerate treatment development. (Read More)
Galaxy Digital CEO Michael Novogratz says he doesn’t believe the price of bitcoin will fall back down to the $50K-$55K level. “I think that’s the new floor unless something dramatic happens,” he described. “This has been a wild ride of an asset,” he added, noting that we’re in price discovery mode and if you look [...]
The post Galaxy Digital CEO: Bitcoin Unlikely to Fall Below $55,000 Thats the New Floor appeared first on Crypto Breaking News.
The conference known as “Proof of Conference” was slated to run in May has been canceled due to “less interest than anticipated,” according to co-founder Kevin Rose.
Let Fidelity take the wheel and drive you through the wonderful world of volatility. Bitcoin critics wield one of the asset’s main characteristics as an unsolvable failure, but, is it? According to Fidelity, “bitcoin is fundamentally volatile.” That doesn’t deter it from fulfilling “its ultimate investment objective of preserving wealth over long time periods.” Related Reading | Fidelity Says What We’ve Been Thinking: Countries & Central Banks Will Buy BTC The company said all that in Fidelity ‘s latest edition of “The Research Round-Up.” In their longer explanation, they use oil and gold as examples to explain the whole volatility process. We’re in the summarizing business, though. Here at NewsBTC, we will distill their article, state the main points, and briefly comment on them. Fidelity Explains Bitcoin’s Fixed Supply “Bitcoin is unique in that it is a good whose supply is completely inelastic to changes in price. In other words, supply does not (and cannot) change in response to price.” There will only ever be 21 million bitcoin and that’s that. With other goods, there’s a cycle. “Going back to economic principles, we know that when demand increases for a good, in the short-term the price will rise. However, the higher price then incentivizes suppliers to produce more. More supply will then bring down the price.” This doesn’t happen in bitcoin. “With bitcoin, supply cannot change regardless of what price does. Therefore, any change in demand, short-term as well as long-term, will have to be reflected by changes in price.” It’s only logical. The laws of supply and demand can only affect the price, and so they do. “There is no change in supply to dampen the effect of price moves, even over the longer-term.” Mix that with an ever-decreasing supply of new coins, due to the halvings, and you have a perfect recipe for what bitcoiners call “number go up technology.” Fidelity summarizes the phenomenon with a quote from Parker Lewis: “Bitcoin is valuable because it has a fixed supply and it is also volatile for the same reason.” Those two characteristics come in a package. BTC price chart for 03/09/2022 on FX | Source: BTC/USD on TradingView.com Bitcoin As A Store Of Value “Something that has low volatility is not necessarily a good store of value in the long run, while something that has high volatility does not mean that it can’t be a good store of value in the long run.” It’s easy to get scared by volatility. Investors, traders, and even true believers let their feeling get in the way and exit the market with every little bump in the road. However, there’s no one that has holded bitcoin for more than four years and is in the red. Literally no one. Related Reading | Bitcoin Volatility Drops To 15 Month Low; What This Could Mean Let’s get an obvious example from Fidelity, “The U.S. dollar is not volatile but has also not been a good store of value in terms of purchasing power, while bitcoin is considered very volatile, but has been a much better store of value over the past ten and even five years.” “Volatility is a byproduct of price discovery, and there is no other way for price discovery to happen in a free market.” Even though bitcoin is 13 years old, it’s still going through price discovery. How much is bitcoin really worth? We won’t know for years, even decades. “This process of individuals all coming to adopt bitcoin in different ways and timeframes necessarily must produce volatility,” completes Fidelity. Fidelity Thinks Bitcoin’s Volatility Is Decreasing “The limited historical evidence we do have so far appears to be showing volatility declining over the long-term.” Bitcoin Volatility decreasing | Source: Fidelity The graph clearly shows that volatility is slowly fading. This is only logical. Fidelity explains, “as gold went through a major price discovery process in the 70’s, which then resulted in amassing a larger base of investors, volatility naturally declined.” We’re still early, though. This is not financial advice, but, for now, you should learn how to ride volatility and use it in your favor. Featured Image by Chris de Tempe on Unsplash | Charts by TradingView and Fidelity
Bitcoin’s finite supply poses challenges to big banks’ traditional tactics of price manipulation.
According to reports, the 3-nanometer (nm) Gate-All-Around (GAA) semiconductor from Samsung has been discovered in use after a year since its release. Until now, there were no confirmed applications of the technology. Techinsights found Samsung’s 3nm chip in the Whatsminer M56S++ bitcoin mining rig from Microbt, a bitcoin mining machine that produces an estimated 230 [...]
The post Samsung’s 3nm GAA Chip Discovered in Microbt’s Next-Gen Bitcoin Mining Rig appeared first on Crypto Breaking News.
Protai advances drug discovery by integrating NVIDIA NIM with AlphaFold and proteomics, optimizing protein structure predictions for precision medicine. (Read More)
Coinbase, a major player in the cryptocurrency exchange market, has recently acquired Spindl, a company specializing in OnChain discovery solutions. This strategic move by Coinbase aims to address the growing issue of scalability and efficiency in blockchain transactions. Spindl’s expertise in OnChain discovery will enhance Coinbase’s ability to navigate the complexities of blockchain technology and [...]
The post Coinbase Boosts Onchain Discovery with Spindl Acquisition appeared first on Crypto Breaking News.
Coinbase, a prominent cryptocurrency exchange platform, has recently acquired Spindl, a company specializing in Onchain Discovery solutions. This acquisition aims to address the increasing challenges associated with discovering and verifying blockchain transactions. Spindl’s innovative approach to Onchain Discovery will provide Coinbase with valuable tools to streamline their processes and enhance security measures. By integrating Spindl’s [...]
The post Coinbase Boosts Onchain Discovery with Acquisition of Spindl Ads Platform appeared first on Crypto Breaking News.
Bitcoin has shattered its all-time high, reaching $106,500 just a few hours ago, setting the stage for an even bigger move. After trading in a sideways range within an ascending triangle for weeks, the price finally broke through the crucial $103,600 resistance level established on December 5. This breakout has sparked renewed excitement, with traders and investors now eyeing Bitcoins next potential targets. Related Reading: Ethereum Forming A Symmetrical Pattern Key Resistance At $4,100 Top analyst Jelle shared his insights on X, highlighting that Bitcoins breakout from the ascending triangle is a clear bullish signal. According to his technical analysis, the pattern indicates significant upside potential, with Jelle setting a $130,000 price target for BTC in the coming weeks. He noted that the breakout marks a shift in market sentiment, paving the way for sustained momentum as Bitcoin continues its climb. This milestone solidifies Bitcoins dominant position in the crypto market as the leading asset, attracting attention from both retail and institutional investors. Now, the focus turns to whether BTC can maintain its bullish momentum and how quickly it might reach the $130,000 target. The market awaits the next move, with analysts emphasizing the importance of Bitcoin holding above its previous resistance to sustain this historic rally. Bitcoin Price Remains Strong Bitcoin has been consolidating around the $100,000 mark since late November, creating a tense atmosphere among investors who are now speculating about a potential correction. Despite this, Bitcoin’s price action remains firmly bullish, with consistent support above key levels, suggesting that the uptrend is far from over. The consolidation phase, while uneventful on the surface, often sets the stage for significant moves. Top analyst Jelle recently shared his technical analysis on X, highlighting that Bitcoin has broken out of an ascending triangle formationa bullish continuation pattern that signals further upside potential. Following this breakout, Bitcoin has re-entered price discovery, pushing beyond its previous all-time high and igniting fresh excitement among market participants. Jelle has set an ambitious $130,000 target for Bitcoin, emphasizing that the breakout could accelerate the assets momentum in the coming weeks. As Bitcoins rally progresses, the broader market dynamics are likely to shift, with altcoins historically following BTCs lead during bull runs. Analysts and investors anticipate that once Bitcoin resumes its climb, the altcoin market will respond with its own significant gains, marking the start of another euphoric phase for the crypto space. Related Reading: AAVE Dominates DeFi Lending Metrics Reveal 45% Market Share For now, all eyes remain on Bitcoin, with its ability to sustain above $100,000 and break through resistance levels like $103,600, which is critical for maintaining its bullish trajectory. Testing Fresh Supply Into Price Discovery Bitcoin is trading at $105,100 after reaching a new all-time high at $106,533 earlier today. The price broke above the critical $102,200 resistance, a level that had previously capped upward movements. This breakout has reignited bullish momentum, signaling that Bitcoin could be on track for even higher prices. For the rally to sustain, the $102,200 level must now act as support, providing a solid foundation for the next leg up. If Bitcoin holds above this level, traders anticipate continuing toward higher targets, with $110,000 and beyond within reach. However, market volatility remains a concern. A loss of the psychological $100,000 mark could signal underlying weakness, leading to a potential correction. In such a scenario, BTC might retrace to test lower demand zones, possibly around $95,000, before finding renewed support. Related Reading: ONDO Exchange Inflows Grow Volatility Ahead? Despite the risks, Bitcoins bullish structure remains intact as long as key levels hold. The breakout above $102,200 highlights strong buying interest, and many analysts believe this could be the start of an extended rally. However, the next few days will be crucial in determining whether Bitcoin can maintain its momentum or if it will face a short-term pullback. For now, the market is closely watching for Bitcoin’s next move. Featured image from Dall-E, chart from TradingView
Since the inception of the Bitcoin blockchain by Satoshi Nakamoto, the network has diligently processed in excess of 800,000 blocks. An examination of data from 99 distinct mining pools, spanning the previous 14 years, reveals that unidentified mining participants discovered 28.37% of the network’s total blocks. Trailing not far behind, F2pool secures the second position, [...]
The post Unidentified Miners, F2pool Lead All-Time Bitcoin Mining Rankings: A Comprehensive Review of Bitcoin’s Historic Block Discovery appeared first on Crypto Breaking News.
Bitcoin has been on a remarkable upward trajectory, pushing above the $96,000 mark for several days after consolidating below the psychological $100,000 level. As the leading cryptocurrency, Bitcoin has consistently broken all-time highs over the past three weeks, with yesterday marking a milestone weekly close at $98,000the highest in its history. Related Reading: XRP Analyst Sets $2 Target If It Holds Key Level Can It Reach Multi-Year Highs? CryptoQuant analyst Axel Adler shared an insightful analysis on X, emphasizing that Bitcoin’s recent attempt to dip below $95,000 met with significant resistance, reinforcing the strength of current support levels. According to Adler, the market is now poised for a critical test of the $100,000 mark, a barrier that could catalyze further bullish momentum or signal a short-term consolidation phase. With Bitcoins bullish trajectory showing no signs of slowing, traders and investors are closely watching for a breakout above $100,000. Such a move could ignite broader market optimism and drive renewed interest in altcoins, potentially shaping the next phase of the crypto markets growth. However, failure to break above this key level might trigger a healthy correction, setting the stage for a more sustainable rally. Bitcoin Price Action Remains Strong Bitcoins price action has remained exceptionally bullish despite a recent retrace from $99,800 to $95,800a minor dip of less than 4%. Investors widely see this pullback as a brief consolidation phase before a potential breakout above the pivotal $100,000 mark. The resilience demonstrated during this retrace has bolstered confidence among market participants, with many viewing it as a healthy pause in an ongoing uptrend. Renowned CryptoQuant analyst Axel Adler weighed in on the recent market movements via X, sharing a technical analysis that reinforces Bitcoin’s robust bullish structure. Adler highlighted that pushing BTC to lower demand levels was unsuccessful, further solidifying current support zones. According to his insights, the stage is now set for Bitcoin to finally test the critical $100,000 area and gauge the markets reaction at this psychological threshold. As BTC approaches this milestone, investor sentiment appears divided. Many traders view the $100,000 level as an ideal price to begin taking profits, citing historical patterns of pullbacks after significant round-number milestones. Related Reading: Avalanche Soars 20% In 24 Hours Analyst Reveals Next Price Target However, others remain optimistic about Bitcoins continued strength, forecasting a potential surge beyond $100,000. Predictions for the rallys peak range between $105,000 and $120,000, reflecting a broader belief in the cryptocurrency’s long-term potential. Whether Bitcoin consolidates or continues climbing, all eyes remain on its next moves. Bullish Weekly Close Could Send BTC Higher Bitcoin has achieved its highest weekly close in history, recording an impressive $98,000. This milestone is a technical achievement and a critical psychological boost for market participants. It signals a strong bullish environment that could soon propel Bitcoin above the coveted $100,000 mark. The $98,000 level now serves as a robust support zone, and maintaining this priceor at least staying above $95,000in the coming days will be pivotal. A breakout above these levels could propel Bitcoin towards $100,000 with significant momentum. Such a move would solidify Bitcoins uptrend and attract further interest from retail and institutional investors. Related Reading: Massive Ethereum Buying Spree Taker Buy Volume hits $1.683B In One Hour However, continued consolidation below $100,000 remains a possibility. Bitcoin may take several weeks of sideways movement to gather the strength needed for the next leg up. While potentially frustrating for short-term traders, this consolidation phase would provide a healthy foundation for sustainable growth. Featured image from Dall-E, chart from TradingView
NVIDIA introduces cuEquivariance, a new math library aimed at enhancing AI models for scientific discovery, addressing challenges in symmetry transformations and computational efficiency. (Read More)
Xeureka, a subsidiary of Mitsui & Co, leverages NVIDIA's AI platform to safely share healthcare data, enhancing drug discovery efforts through advanced confidential computing. (Read More)
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