Bitcoin News

Merov Introduces a Suite of Services for the Bitcoin Mining Industry

[ad_1] AdvertismentSalem, Oregon, May 15th, 2023, Chainwire Merov is proud to announce the launch of its comprehensive suite of services designed for the Bitcoin mining industry. The suite of services includes Merov Hosting, Rejuvit Systems by Merov, and Merov Marketplace, each providing solutions to the needs of the Bitcoin mining industry. “As a pioneer in the industry, we are excited about the opportunities these services present, and we look forward
Business

Minneapolis Fed president Kashkari weighs in on CBDC: ‘Handwaving word salad’

[ad_1] President of the Minneapolis Federal Reserve Bank Neel Kashkari participated in a fireside chat at the Minnesota Transportation Conference & Expo on May 15. While he spoke mostly about topics unrelated to cryptocurrency and blockchain, he gave a blunt assessment of central bank digital currency (CBDC) during the Q&A after his presentation.“We’re studying it,” Kashkari said of CBDC, adding that the Fed believes it would take an act of
Business

$500K worth of stETH redeemed in 3 hours as Lido enables withdrawals

[ad_1] The Lido liquid staking protocol has enabled Ether withdrawals for the first time, according to May 15 data from Parsec Finance. Over 260 Lido Staked Ether (stETH) was redeemed for its underlying Ether (ETH) in the first three hours, worth about $500,000.stETH withdrawals dashboard:- individual & aggregate withdrawal requests.- current withdrawal queue.- stETH large balance changes.https://t.co/HxZc2Izfax@parsec_finance @wilburforce_ pic.twitter.com/2ZBZWzcrTZ— mhonkasalo.lens (@mhonkasalo) May 15, 2023 Lido is a liquid staking derivatives (LSD)
Business

Digital asset market shrinks as fund outflows reach $200M: CoinShares

[ad_1] On May 15, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flows Report,” which revealed that digital asset investment products experienced another week of consecutive outflows, with a total of $54 million exiting the market. This brings “the total outflow to US$200m, representing 0.6% of total assets under management (AuM),” CoinShares reported. Weekly crypto asset flows. Source: CoinSharesAccording to the report, Bitcoin (BTC) funds witnessed outflows of
Business

This Bitcoin options strategy allows early bird traders to prepare for BTC’s next breakout

[ad_1] Bitcoin’s price (BTC) broke below its 55-day resistance at $27,000 on May 12, down 12.3% in 30 days. But, more importantly, it decoupled from the S&P 500 index, which is basically flat from 30 days ago, and 15% below its all-time high.Bitcoin price in USD (right) vs. S&P 500 futures (left), 12-hour. Source: TradingViewAs the chart indicates, for some reason, Bitcoin investors believe that the favorable macroeconomic trends for
Business

Amazon is hiring AI engineers to build a ChatGPT-like search interface

[ad_1] Amazon is preparing to develop and implement a new “search” functionality for its online web store featuring a ChatGPT-like interface. A pair of job postings first spotted by Bloomberg spell out the company’s plans, which state in unambiguous language that Amazon intends to reinvent its long-standing search feature.In a job listing for a “Sr Technical Program Manager,” the company states:“We are working on a new AI-first initiative to re-architect and
Business

Japan leads world in losses from North Korean crypto hacking with 30% of total: Report

[ad_1] Japan is the biggest loser of cryptocurrency to North Korean hackers, according to a study by blockchain analyst Elliptic. Asian countries make up three of the four top targets for the so-called Hermit Kingdom’s hackers, Elliptic found.The study, commissioned and reported on by Japanese financial publication Nikkei, looked at losses of cryptocurrency from cyberattacks originating in North Korea from 2017 through 2022. The study took into account both hacking
Business

$28,000 Bitcoin is in the cards, but it won’t happen without a struggle

[ad_1] Bitcoin’s price declined for eight consecutive days through May 13, totaling a 9.4% correction. The last time such a losing streak happened was on June 14, 2022, after the Celsius lending platform halted withdrawals and FUD — fear, uncertainty and doubt — emerged from United States software firm MicroStrategy’s loan being liquidated at $21,000.Nothing remotely similar happened as Bitcoin (BTC) retested the $25,800 support on May 12, apart from the network
Business

Bitcoin offers ‘good signs’ as analysts retain $40K BTC price target

[ad_1] Bitcoin (BTC) saw five-day highs on May 15 as a rebound continued after the Wall Street open.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$40,000 "still a magnet" for BTC priceData from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $27,666 on Bitstamp.The pair held strength on hourly timeframes after a weekly close just below the $27,000 mark.With United States equities in a tight range on the day, crypto analysts looked
Business

SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC

[ad_1] The debt ceiling negotiations in the United States are keeping traders on the edge. JPMorgan Chase CEO Jamie Dimon recently told Bloomberg on May 11 that a possible sovereign default by the U.S. government could create panic in the stock markets, resulting in heightened volatility.The next big question troubling crypto investors is how will Bitcoin react to such an event. Bloomberg’s latest Markets Live Pulse survey indicates that Bitcoin