The U.S. spot Bitcoin exchange-traded fund (ETF) is approaching an important milestone. They are on track to become the world’s largest BTC holders, surpassing the amount held by Bitcoin creator Satoshi Nakamoto. Moreover, they are catching up with gold ETFs in total net assets. Bitcoin ETF on the verge of surpassing Satoshi Nakamoto’s BTC Stash Since its launch in January, the US Spot Bitcoin ETF has grown significantly. According to cryptocurrency analyst HODL15Capital, the fund currently holds about 10.81 million bitcoins, just below Nakamoto’s estimate of 1.1 million bitcoins. Satoshi Nakamoto, the anonymous creator of Bitcoin, is estimated to own…
Author: Crypto Flexs
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Litecoin price is consolidating above the $80.00 level against the US dollar. If LTC breaks out of the $88.00 resistance area, it could start a new increase. Litecoin is showing positive signs at the $80 support zone against the US dollar. The price is currently trading below $88 and the 100-hour simple moving average. On the hourly chart of the LTC/USD pair (data feed from Kraken), there is a major bearish trendline forming at resistance $86.00. A break out of the $88.00 resistance area could cause the price to start a new rally. Litecoin Price Eyes Fresh Rise After forming…
Decentralized Science (DeSci) protocols are where decentralized finance (DeFi) was in 2019. Industry executives say that although it is nascent and largely untested in the market, it is full of “tremendous potential.” “Things are still raw and experimental, but there is a fundamental understanding (…) that there is tremendous potential,” Andrew Kang, founder and partner at Mechanism Capital, a venture capital firm specializing in cryptocurrencies, explained in a post on November 24. X. Kang said the DeSci project is still evolving and will likely change its model and product, similar to how DeFi protocols Maker, Synthetix, and Aave did around…
The Reserve Bank of India (RBI) is looking to expand its cross-border payments platform that enables instant payments by adding new trading partners in Asia and the Middle East.According to Bloomberg, India already has agreements in place with neighbors Sri Lanka, Bhutan and Nepal and is planning to add the United Arab Emirates (UAE) to its cross-border settlement program.India is also exploring the use of Central Bank Digital Currency (CBDC) as a primary payment mechanism within cross-border payment solutions.The Reserve Bank of India’s CBDC is currently an interbank solution, but it is not a widely adopted consumer-facing central bank digital…
Ted Hisokawa November 21, 2024 02:40 NVIDIA introduces EMBark, which optimizes the embedding process to power deep learning recommendation models and significantly increases training efficiency for large-scale systems. In an effort to increase the efficiency of large-scale recommender systems, NVIDIA introduced EMBark, a new approach that aims to optimize the embedding process of deep learning recommendation models. According to NVIDIA, recommender systems play a central role in the Internet industry, and training them efficiently is a critical task for many companies. Challenges of training recommendation systems Deep learning recommendation models (DLRMs) often incorporate billions…
lawrence jenga November 21, 2024 03:09 The price of Bitcoin hit a record high of $93,000 on the back of $62.9 billion in capital inflows, and ETFs are playing an important role in stabilizing the market. Bitcoin (BTC) continues its impressive upward trajectory, reaching an all-time high (ATH) of $93,000. The surge was driven by strong capital inflows, totaling $62.9 billion over the past 30 days, according to Glassnode. These inflows are mainly due to increased demand in exchange traded funds (ETFs) and spot markets. Capital inflows and market dynamics Since the start of…
A prominent cryptocurrency analytics firm has warned that on-chain data is showing traders profiting from Cardano positions (ADA). Santiment said social media platform X ADA is sending two bearish signals after rallying more than 220% this month. The massive upward move allowed traders to offload $165 million worth of ADA profits on November 22, according to the analytics firm. “(November 22) was the highest day for traders to realize ADA profits in eight months, and social media discussion is currently at its highest level in 11 months.” Source: Santiment/X Santiment previously said surging social media discussions suggest the asset could…
Yorg Healer November 21, 2024 04:23 NVIDIA’s third quarter fiscal 2025 results showed record revenue of $35.1 billion, driven by rapid growth in AI and data center demand, according to the NVIDIA Newsroom. NVIDIA Corporation (NASDAQ: NVDA) announced record revenue of $35.1 billion in the third quarter of fiscal 2025. This is an increase of 17% compared to the previous quarter and 94% compared to the same period last year. newsroom. Strong performance in data center segment The Data Center segment posted record revenue of $30.8 billion, up 17% quarter-on-quarter and an impressive 112%…
contributor Posted on: November 25, 2024 Solana’s bullish pennant pattern suggested that SOL could reach the $299 level following a breakout. Traders were overleveraged, with $251.2 on the bottom and $264.1 on the top. Solana (SOL), the world’s fourth-largest cryptocurrency by market capitalization, is expected to see notable gains as it forms a bullish price action pattern. Recently, along with major cryptocurrencies, SOL reached an all-time high (ATH). But now the price appears to be consolidating near that level. This price consolidation near ATH hinted at potential preparations for a further rally. At press time, SOL was supported by bullish…
Timothy Morano November 21, 2024 04:42 Bitfarms announced at a special shareholders’ meeting that it would expand its board of directors to six members and appoint Andrew J. Chang as an outside director. Major shareholder proposal approved. Bitfarms Ltd. (NASDAQ/TSX: BITF), a leader in Bitcoin mining, announced the results of its Extraordinary General Meeting of Shareholders held virtually on November 20, 2024. Shareholders representing 50.83% of total shares attended this meeting. The Company’s outstanding common stock has led to several key decisions to strengthen the Company’s governance and strategic direction. Board expansion and new…