Despite Warren Buffett’s Warnings Calling Bitcoin ‘Rat Poison,’ Berkshire Hathaway Continues Profiting Off Crypto
Though many of the top asset managers and investors are investing in, or at least open to crypto and Bitcoin, a few remain hesitant to adopt the asset. Most prominent among the anti-Bitcoin camp is legendary investor Warren Buffett. Buffett’s…
What does disgraced ‘Crypto King’ Sam Bankman-Fried’s sentence mean for the industry?
Sam Bankman-Fried, the fallen ‘Crypto-King’, as he was once known, was sentenced to 25-years in prison for defrauding customers and investors of his now-bankrupt crypto exchange FTX. Thursday’s ruling shows how the legal system is trying to clamp down on…
‘The New York Times Needs More than ‘Imagined Fears’ to Block AI Innovation’
Starting last year, various rightsholders have filed lawsuits against companies that develop AI models. The list of complainants includes record labels, book authors, visual artists, and even the New York Times. These rightsholders all object to the presumed use of…
Cryptocurrency Mining and Renewable Energy: Bitcoin, BlockDAG Network, and Ethereum Lead Sustainability
London, UK, March 28, 2024 (GLOBE NEWSWIRE) — Cryptocurrency mining has long faced scrutiny for its excessive energy consumption and subsequent environmental impact. In 2022, The White House discovered that crypto assets accounted for 0.4% to 0.9% of the total…
Bitcoin Surpasses $70,000 Mark As Halving Looms: Trader Sees BTC ‘Less Than 4% From A Huge Breakout’
Bitcoin (CRYPTO: BTC) has seen significant gains, closing seven consecutive months in the green for the first time. Analysts are optimistic about Bitcoin’s bullish momentum, anticipating a $150,000 peak. What Happened: MicroStrategy chairman Michael Saylor tweeted that “Bitcoin is better”…
Edward Snowden Predicts SEC Will ‘Lose So Hard In Court’ against Coinbase: Gensler Had To Approve Bitcoin ETFs ‘With Tears In His Eyes’
Whistleblower and Bitcoin (CRYPTO: BTC) supporter Edward Snowden isn’t bothered by the U.S. Securities and Exchange Commission’s latest legal wrangling with Coinbase Global Inc. (NASDAQ:COIN). What Happened: Snowden’s comment came in response to a tweet about a court ruling allowing…
Bitcoin: New ATH before halving? Traders are betting on $77,000 because…
Fierce long positions and a large OI suggest that shorts are at risk. Indicators presented a bullish bias that could drive Bitcoin toward $77,000. Bitcoin [BTC] traders are at it again. But this time, they are not wagering big money, and…
Bitcoin Trades Above $70,000 Following GDP, Jobless Claims Data; GateToken Emerges As Top Gainer
Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading above the key $70,000 level on Thursday. Ethereum (CRYPTO: ETH), however, recorded losses, falling below the key $3,600 mark this morning. GateToken (CRYPTO: GT) was the top gainer over the…
Kerrisdale Capital Is Short MicroStrategy Stock, Long Bitcoin: ‘Things Have Gotten Carried Away’
Short-selling investment firm Kerrisdale Capital has MicroStrategy Inc (NASDAQ:MSTR) in its crosshairs. The short seller released a bearish report on the stock Thursday and announced a short position as part of a pair trade. What To Know: MicroStrategy serves as…
US and UK investigate Russian cryptocurrency transactions worth $20 billion – Bloomberg
The US and UK have begun scrutinizing cryptocurrency transactions totaling over $20 billion that have passed through a Russian exchange, reports Bloomberg. It is noted that payments were processed through the Moscow-based cryptocurrency exchange Garantex using the Tether cryptocurrency, which…