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Kwan2 Holdings LLC, in conjunction with The Barry Mezey Foundation for Autism Inc., has announced a strategic partnership with DiVinci Pay.
The post Kwan2 and The Barry Mezey Foundation for Autism Form Strategic Partnership with DiVinci Pay appeared first on Crypto Breaking News.
Cryptocurrencies are often criticized for lacking a clear use case beyond speculation and trading. However, some experts argue that this could actually be a positive sign for the industry. WisdomTree, a global asset manager, believes that the absence of a frothy use case for crypto indicates that the market is maturing. Many see the speculative [...]
Optimism (OP) has grabbed investors’ attention in the last day following an intriguing positive price performance. Interestingly, OPs market gain has occurred following a recent disclosure of certain security flaws associated with the popular layer-2 platform. Related Reading: XRP Price Prediction: Analyst Says Prepare For 700% Jump To $4, Heres When OP Bounces Back Amidst Optimism Security Concerns On April 26, Offchain Labs, the initial developers of the prominent Ethereum L2 solution Arbitrum, highlighted certain security flaws found in the Optimism Stack fault-proof system. Via a blog post, the team at Offchain disclosed that they discovered two major systemic vulnerabilities in the newly released security program currently running on the Optimism testnet. In communication with OP Labs, they stated that these security flaws could enable a bad actor to bypass the existing security measures of the Optimism network by enforcing the acceptance of a malicious claim or the rejection of a right claim. By exploiting these flaws, OffChain Labs stated these hackers could initiate a network dispute that is irresolvable. The nature of these vulnerabilities is said to originate from the timers in the OP stack fault-proof system. If this program were introduced on the Optimism mainnet with such defects, users’ funds would be exposed to a very high level of risk. However, these vulnerabilities were revealed to OP Labs about a month ago, which has now updated the Optimism testnet to address these security flaws. Interestingly, following these revelations, OPs price took a nosedive, falling by almost 5% to trade at $2.274 on April 27. However, in the last day, Investors expressed solid confidence in Optimisms security and future sustainability. According to data from CoinMarketCap, OP has gained by 17.16% in the past 24 hours attaining a market price of $2.69. In tandem, the tokens daily trading volume is up by 110.64% and is valued at $402.77 million. Related Reading: Bitcoin Drops Below 4-Hour MA Bearish Trend Ahead? Hold Your Altcoins, Analyst Says Why In the week following the Bitcoin Halving event, popular crypto analyst Michaël van De Poppe has advised users to invest heavily in altcoins. Via an X post on April 27, van De Poppe stated that the catalyzing effect of the Halving and the introduction of spot ETFs on Bitcoin are likely over, with momentum now shifting to the altcoin market. In comparison to BTC, the crypto analyst notes that most altcoins are undervalued and set for massive gains in the current bull cycle. Furthermore, van de Poppe predicted that the upcoming crypto bull run could last longer than the previous cycle, based on the current extended bear market. Particularly, van de Poppe identified Optimism (OP) as a promising altcoin with the potential to achieve three times the market growth compared to Bitcoin in this bullish cycle. Additionally, the analyst highlighted other tokens, including Chainlink (LINK), Woo (WOO), Celestia (TIA), and Skale (SKL), as potentially profitable investments. OP trading at $2.693 on the daily chart | Source: OPUSDT chart on Tradingview.com Featured image from Moneycontrol, chart from Tradingview
This week, 2,600 tech industry moguls and entrepreneurs, including Elon Musk, Gary Marcus, and Steve Wozniak, signed an open letter requesting artificial intelligence (AI) labs to pause research and development for six months. The signatories believe that safety programs and regulations need to be strengthened, as they assert that AI labs are currently in an [...]
The post Tech Industry Leaders Call for AI Labs to Pause Development for Safety, Coinbase CEO Disagrees appeared first on Crypto Breaking News.
In a recent development, several prominent cryptocurrency executives have expressed optimism about the potential benefits of the United States establishing a strategic Bitcoin reserve. This move could mark a significant step towards embracing the digital asset as a store of value and a hedge against inflation. The idea of the US holding a strategic reserve [...]
The post 4 Compelling Reasons Why Trump’s Bitcoin Reserve is Positively Bullish, According to Crypto Executives appeared first on Crypto Breaking News.
The sentiment surrounding Ethereum has plummeted to its lowest level in a year, according to data from Santiment. While this may seem concerning at first glance, it could actually be a positive sign for the cryptocurrency. The decrease in social sentiment could indicate that the market is reaching a point of maximum fear, which often [...]
The post Santiment: A Yearly Low in Ether Sentiment Might Actually Be a Positive Sign appeared first on Crypto Breaking News.
Bitcoin’s potential bottom seems to be around $80,000, indicating a positive outlook for other cryptocurrencies like TON, CRO, MNT, and RENDER to experience a rally. The recent price movements of Bitcoin have suggested a strong support level that could pave the way for an upward trend in the market. This news is significant for investors [...]
The post Bitcoin Price Bottoms Out at $80K, Positively Impacting TON, CRO, MNT, and RENDER for Potential Rally appeared first on Crypto Breaking News.
Although cryptocurrency is experiencing a historically high level of volatility, Bitcoin options show promising signs following the meltdown. Although cryptocurrency is experiencing a historically high level of volatility, options traders are observing encouraging indicators in the market as a result of the uproar and controversy that engulfed digital-asset lenders and other players in the industry. […]
CrowdStrike Holdings, Inc. (NASDAQ: CRWD) reported better than expected first fiscal quarter results this month, and the company added 1,620 net new subscription customers during the quarter.
Morgan Stanley has a positive view of the shares of this company, and it reported that CrowdStrike has an attractive valuation which gives it a favorable risk-reward profile in the current market conditions.
Morgan Stanley has a positive viewCrowdStrike Holdings is an American cybersecurity technology company that provides cloud workload and endpoint security, threat intelligence, and cyberattack response services.
CrowdStrike Holdings reported better than expected first-quarter results this month; total revenue has increased by 61.1% Y/Y to $487.83 million, while the first quarter non-GAAP EPS was $0.31 (beats by $0.08).
Total revenue has increased well above the prior guidance, and the company added 1,620 net new subscription customers in the quarter. The total number of subscription customers reached 17,945 as of April 30, 2022, representing a 57% growth year-over-year.
CrowdStrike Holdings updated financial guidance for the second fiscal quarter and for the full 2023 fiscal year. Total revenue for the second fiscal quarter should be between $512 million and $516 million vs. a consensus of $509 billion, while the income from operations should be between $70 million and $73 million.
Total revenue for the full fiscal year should be between $2.19 billion and $2.20 billion vs. a consensus of $2.15 billion, while the income from operations should be between $306 million and $317 million.
Morgan Stanley upgraded shares of CrowdStrike after first-quarter results and reported that it expects continued momentum in the sector and the company’s strong performance in the upcoming quarters.
Hamza Fodderwal, an analyst from Morgan Stanley, assigned a price target of $215 on CrowdStrike shares, which implies a more than 15% upside compared with the current price. Hamza Fodderwal added:
CrowdStrike is the leading beneficiary of growing secular trends within security. Looking ahead, several positive catalysts such as a growing Federal pipeline, new module uptake, and international expansion should drive further estimates upside.
Security remains a top priority as rising cyber threats continue across the globe, and according to Morgan Stanley, CrowdStrike has an attractive valuation which gives it a favorable risk-reward profile in the current market conditions.
Technical analysisData source: tradingview.comIf the price jumps above $200, it would be a signal to trade shares, and the next target could be resistance at $220.
Rising above $220 supports the continuation of the positive trend for CrowdStrike shares, but if the price falls below $160 support, it would be a strong “sell” signal.
SummaryCrowdStrike Holdings reported better than expected first-quarter results this month, and Morgan Stanley reported that CrowdStrike has a favorable risk-reward profile in the current market conditions. Hamza Fodderwal, an analyst from Morgan Stanley, assigned a price target of $215 on CrowdStrike shares, which implies a more than 15% upside compared with the current price.
The post Should I buy CrowdStrike shares after a positive view from Morgan Stanley? appeared first on Invezz.
In a recent SEC filing, Tesla doubled-down on its bitcoin investment as “a liquid alternative to cash” thesis. Tesla experienced a rocky path from buying bitcoin, to accepting it as payment, and later removing it as a payment method over environmental concerns. Tesla also recently entered the bitcoin mining space. In a recent U.S. Securities […]
The New York Times’ campaign against bitcoin rages on. Even though this time they had the perfect opportunity to write a balanced article, they didn’t. The author reports one positive bitcoin mining story after another, while keeping a snooty attitude and suggesting it’s all a PR move. The title summarizes the New York Times’ stance, “Bitcoin Miners Want to Recast Themselves as Eco-Friendly.” Related Reading | Valkyrie Bitcoin Mining ETF “WGMI” Approved For Nasdaq Listing Before we get into it, a quick story. The foremost expert in bitcoin’s energy consumption, Nic Carter, published an exhaustive report on mining. Among other things, it contained hard data that showed to what extent China was mining using hydropower energy. Mainstream media largely ignored it. The party line was that we couldn’t trust China’s statistics. And, that China was probably burning cole. Fast forward to last month. China banned bitcoin mining a while ago and bitcoin’s hashrate relocated, recovered, while the network functioned perfectly throughout. Most of China’s mining industry relocated to green energy-abundant countries. What did the New York Times post? An article called “China Banished Cryptocurrencies. Now, ‘Mining’ Is Even Dirtier,” that claims that Chinese miners were using hydropower energy and thus used cleaner energy. That’s the level of propaganda we’re dealing with. What Did The New York Times Say About Bitcoin Mining This Time? The article starts by featuring Argo Blockchain, the company is building a new facility that “would be fueled mostly by wind and solar energy.” They even quote Peter Wall, Argo CEO, saying. “This is Bitcoin mining nirvana. You look off into the distance and you’ve got your renewable power.” What could be wrong with that? Two paragraphs later, the New York Times starts pushing lies and embarrassing numbers: “A single Bitcoin transaction now requires more than 2,000 kilowatt-hours of electricity, or enough energy to power the average American household for 73 days, researchers estimate.” Of course, those ridiculous claims come from Digiconomist, a widely debunked researcher who happens to be an employee of the Dutch Central Bank. And then, they blatantly quote the malicious study mentioned in the intro. “The Bitcoin network’s use of green energy sources also dropped to an average of 25 percent in August 2021 from 42 percent in 2020. (The industry has argued that its average renewable use is closer to 60 percent.) That’s partly a result of China’s crackdown, which cut off a source of cheap hydropower.” And quote Alex de Vries, one of the study’s authors, being completely off the mark. “What a miner is going to do if they want to maximize the profit is put their machine wherever it can run the entire day.” WHAT? To maximize profit, a miner is going to find the cheapest source of energy possible. Energy is their biggest cost. The cheapest source possible is energy that’s currently being wasted. That’s the situation. BTC price chart for 03/26/2022 on Forex.com | Source: BTC/USD on TradingView.com More Feel-Good Stories Framed As Bad News The New York Times even quotes Paul Prager, TeraWulf CEO, saying “Everyone I talk to now is talking about carbon neutrality. The language has absolutely changed.” And then, the newspaper spreads the good news. “TeraWulf, has pledged to run cryptocurrency mines using more than 90 percent zero-carbon energy. It has two projects in the works — a retired coal plant in upstate New York fueled by hydropower, and a nuclear-powered facility in Pennsylvania.” None of these stories are celebrated. Remember the article’s title, they are cynically presented as PR stunts. Then, it´s time for Sangha Systems, who “repurposed an old steel mill in the town of Hennepin. Sangha is run by a former lawyer, Spencer Marr, who says he founded the company to promote clean energy. But about half the Hennepin operation’s power comes from fossil fuels.” The New York Times Closes The Loop That’s the worst example that the New York Times could find. A person who “founded the company to promote clean energy” but had to make a compromise to start his business. To close the article, the author brings us back to Argo Blockchain and tries to pull something similar. Apparently, the CEO “can’t guarantee that Argo’s new center will have no carbon footprint. That would require bypassing the grid and buying energy directly from a renewable power company.” Related Reading | Biden Loves Intel’s Plan To Produce Semiconductors. What About Bitcoin Mining? And then, they quote him again. “A lot of those renewable energy producers are still a little bit skeptical of cryptocurrency. The crypto miners don’t have the credit profiles to sign 10- or 15-year deals.” So, Argo is really trying but it’s not possible at the moment for understandable reasons. And the whole industry is moving to a greener path because the incentives are aligned that way. Got it, New York Times. Got it. Featured Image by tacskooo on Pixabay | Charts by TradingView
Green energy powers most of Bitcoin mining and the world might as well face it. And the rest of the cryptocurrencies that use Proof-Of-Work might be right behind, because they follow the same incentives. In their quest for cheaper energy sources, they all reach the same conclusion. Humanity is wasting renewable energy all over the world. And wasted energy is the cheapest of them all. In today’s story, a hydropower plant that had to pause operations for nine months found cryptocurrency mining and got the dream client they needed. Reuters gives us the prelude to the story: “The plant was forced to reinvent itself after 30 years because the government stopped buying electricity during the pandemic due to surplus power supply in the Central American country, where the state has a monopoly on energy distribution.” How much green energy does a country has to have to just stop buying from a clean hydro plant? Well, according to hydropower.org: “At the end of 2016, Costa Rica reached a total installed hydropower capacity of 2.12 GW. The country dominated the headlines for the second consecutive year, achieving 100 per cent renewable electricity production for a total of 271 days.” How Did Crypto Mining Enter The Hydro Plant’s Picture? Every talking head and their grandmas spread ESG FUD through traditional media. And that spills into social media, where everybody is oh-so-sure that crypto mining is boiling the oceans. Because of that, Eduardo Kooper, the owner of the plant, doubted going the crypto mining route. However, they just had to pivot. They tried other ventures, like making frozen food, and none of them work. There was no other choice. “I was very skeptical at first, but we saw that this business consumes a lot of energy and we have a surplus.” The hydroelectric company, with its three plants valued at $13.5 million and a three Megawatt capacity, invested $500,000 to venture into hosting digital mining computers.” Why would miners move their operation to a hydro plant, though? Wouldn’t it be more comfortable doing it at home? They are heavily incentivized to look for the cheapest energy possible, that’s why. And green energy is renewable. Coal is not. The Reuters report quotes one of the hydropower plant’s satisfied customers: “Installing it in this place is much more profitable than at home,” at almost half the cost, he calculated, after connecting his computer to the network at the river-powered plant.” Business is business. BTC price chart for 01/12/2022 on OkCoin | Source: BTC/USD on TradingView.com Green Energy And Crypto Mining, A Match Made In Heaven We at NewsBTC have been telling you this. Bitcoin mining incentivizes the creation of green energy infrastructure. And it can finance green energy plants already in place. Mining provides both a buyer of first resort and a buyer of last resort. Three months ago, we wrote: “A whitepaper by the Bitcoin Clean Energy Initiative from earlier this year had explained how bitcoin mining, when using renewable energy, “is especially suited to accelerate the energy transition” towards a cleaner electricity grid.” And two months ago, in an article on how Bitcoin mining is helping the Navajo Nation in more ways than one, we told you: “As the world is trying to phase out coal-powered energy, the Navajo innovate to keep up with the times. According to Walter Hasse, Navajo Tribal Utility Authority president, “I had excess electricity that I still had to pay for and deal with. Now, I want to build renewable energy to replace my lost coal resources that are throughout the nation. I need someone to consume that renewable energy resource.” And with Bitcoin mining, they have that buyer. And now, the other PoW cryptocurrencies can follow Bitcoin’s example. In Costa Rica, the other side of the world, a power station manager reaches the same conclusion as the Navajo Tribal Utility Authority president. Quoting Reuters again: “Kooper said international cryptocurrency miners are looking for clean, cheap energy and a stable internet connection, which Costa Rica has plenty of. However, he said Costa Rica’s government should be more aggressive about trying to attract more crypto mining business, although he gave no specifics.” The Green Energy Future We Deserve Proof-Of-Work mining is a net positive for the planet. It will lead us to the green energy future that humanity’s dreaming of. It’s the only industry that can do so. And the revolution is already well underway. Featured Image: Screenshot from Reuters' video report | Charts by TradingView
Cryptocurrencies moved toward the year-end in a positive mood, with bitcoin – the largest by market value – adding about 3% over 24 hours and ether, the No. 2, also gaining more than 3%, CoinDesk data show. Bitcoin climbed above $48,000, the highest in three days, while ether topped $3,800, the most since Wednesday. All […]
A recent survey conducted in Australia has revealed that approximately one-third of Australians believe that Donald Trump’s presidency could have a positive impact on the cryptocurrency market. The survey, which included responses from a diverse range of individuals, found that many view Trump’s unpredictable and often controversial behavior as a potential driver of cryptocurrency growth. [...]
The post Survey: Only 33% of Australians Believe Trump is Positive for Cryptocurrency appeared first on Crypto Breaking News.
Metacade (MCADE) price has held quite well in the past few days as the newly listed token continues gaining momentum. The MCADE token has been trading at $0.018 in the past few days, giving it an indicative market cap of over $25 million, according to Coinbase. Latest Metacade news One of the hottest crypto news …
<p>The post Metacade positive catalysts could push price higher in 2023 first appeared on CCNC | Cryptocurrency Newscast.</p>
According to data from SoSoValue, the US-based spot Bitcoin ETFs have recorded over $300 million in net inflows over the past week, representing a return to the markets positive trajectory after a bearish first week in Q4 2024. Meanwhile, the Spot Ethereum ETFs still retain a negative performance despite a reduction in net outflows. Related Reading: US Spot Bitcoin ETFs Become Second-Largest Holder Of BTC Behind Satoshi Spot Bitcoin ETFs Halt Three-Day Decline With $254 Million Inflow Following the $300 million net outflow recorded in the first week of October, the spot BTC ETF market opened last week on a positive note recording net inflows of $236.19 million on Monday, October 7. However, these investment funds soon experienced a three-day downturn resulting in cumulative outflows of $179.98 between October 8-10. On Friday, October 12, these Bitcoin ETFs registered aggregate inflows of $253.54 million, representing the highest daily capital investment over the past two weeks. The majority of these gains came from Fidelitys FBTC which attracted inflows of $117.10 million. Ark & 21 Shares ARKB also saw inflows of $97.58 million, while Bitwises BITB garnered $38.81 million from investors. Meanwhile, VanEcks HODL and Invescos BTCO also recorded significant inflows of $14.26 million and $7.88 million. All other Bitcoin spot ETFs including BlackRocks IBIT experienced zero inflows, except Grayscales GBTC which produced a net outflow of $22.09 million. Following the recent weekly gains, the total net assets of the spot Bitcoin market increased to $58.66 billion, representing 4.71% of the BTC market cap. BlackRocks IBIT accounts for about 40% of these assets holding 369,640.1 BTC, valued at $23.30 billion. Grayscales GBTC initially ranked as the largest Bitcoin spot ETF holding 600,000 BTC tokens. However, massive levels of outflows valued at $20.19 billion allow the fund to sit second with 220,177.5 BTC valued at $13.85 billion. Related Reading: Bitcoin ETF Options Set To Supercharge Price Volatility, Expert Warns Spot Ethereum ETFs Maintain Negative Return Streak In other news, the spot Ethereum ETFs produced another dismal performance in the past week, recording net outflows of $5.22 million. While this value represents a $25.47 million reduction from the figures reported in Octobers first week, it marks the 10th week of negative returns in the 12 trading weeks for the Spot Ether ETFs. Interestingly, these funds only recorded a single day of daily inflow ($3.06 million) in the past week. The total net outflows of spot Ethereum ETFs are currently valued at $558.88 million. Meanwhile, the total value traded in this market stands at $143.54 million. At the time of writing Ethereum trades at $2,459 with a 0.78% gain in the last day, while Bitcoin remains valued at $62,725 following a 0.22% price rise in the same period. Featured image from Crypto Valley Journal, chart from Tradingview
Like other cryptocurrencies, Litecoin has gained recognition and acceptance as a form of payment by various merchants and businesses. Crypto analyst Ali suggests that based on Litecoin’s MVRV ratio, when it exceeds 30% as it has since 2018, a significant price correction typically occurs, resulting in a drop of around 30% to 40%. Currently, the […]
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