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Cryptocurrency
Can Bitcoin’s V-Shaped Recovery Propel it to New Heights?
August 12, 2024 01:35 PM AEST| By Team Kalkine MediaBitcoin’s recent price action has shown a significant rebound, leading many analysts to speculate that the,cryptocurrency,could be on its way to setting new all-time highs. The V-shaped recovery from a multi-month low below $50,000 has captured the attent...
OpenAI Worries That People Might Develop Emotional Bonds with AI Designed to Deceive
August 12, 2024 11:31 AM AEST| By Team Kalkine MediaHighlights:,Emotional Bonding with AI:,OpenAI's recent observations revealed that users might form emotional bonds with its GPT-4o chatbot, which raises concerns about the risks of such interactions. The company fears that people may come to prefer the AI...
Bitcoin ETF options are anticipated to launch before 2025
August 12, 2024 10:40 AM AEST| By Team Kalkine MediaAfter months of inactivity, applications for options on spot [Bitcoin] ([BTC]) exchange-traded funds (ETFs) are now receiving attention from regulators. Expect [BTC] ETF options to debut on U.S. exchanges this year, with [Ethereum] ([ETH]) options likely ...
Half of the World's Top 10 Most Valuable Companies Are Developing Metaverse Hardware
August 12, 2024 10:37 AM AEST| By Team Kalkine MediaHighlights:,Microsoft’s Metaverse Hardware Plans,: Microsoft (ASX: MSFT) is collaborating with Samsung to develop new metaverse hardware, potentially competing with Apple’s Vision Pro. This move would place Microsoft alongside Apple (ASX: AAPL), Google (A...
What’s Driving the Upward Momentum in Crypto?
August 09, 2024 06:25 PM AEST| By Team Kalkine MediaIn the aftermath of a significant market dip, Bitcoin has demonstrated impressive resilience. Currently valued at $57,000,,Bitcoin,'s swift rebound underscores its strength and continued demand. The latest market data provides an intriguing overview of re...
Why this Bitcoin’s Pullback can be Setup for a Major Move?
August 09, 2024 06:23 PM AEST| By Team Kalkine MediaThe recent pullback in Bitcoin and the broader cryptocurrency markets did not occur in isolation.,Cryptocurrency,markets experienced a substantial shakeout, highlighting the interconnected nature of financial systems. Despite the turbulence, key data sign...
Analyzing the Reason Behind Bitcoin and Crypto Turbulence
August 09, 2024 06:21 PM AEST| By Team Kalkine MediaThe cryptocurrency market experienced significant turbulence this week, with Bitcoin at the center of the storm. The digital asset, which started the week trading around $58,000, plummeted to approximately $48,900 before stabilizing and recovering to its ...
Is it Worth Watching Bitcoin After Volatility Return
August 09, 2024 06:20 PM AEST| By Team Kalkine MediaBitcoin's volatility remains a central topic of discussion, particularly during periods of economic instability. With geopolitical tensions escalating and global markets experiencing significant fluctuations, both seasoned investors and newcomers continue...
Will the Crypto Rally Continue After Hitting $60K?
August 09, 2024 06:18 PM AEST| By Team Kalkine MediaThe cryptocurrency market experienced a notable rebound, with Bitcoin (BTC) nearing the $60,000 mark for the first time since the recent market downturn. This resurgence is significant given the recent market turbulence that saw substantial losses in,Bitc...
Why Bitcoin's Power Law Is Under Debate?
August 09, 2024 05:09 PM AEST| By Team Kalkine MediaThe Bitcoin power law has sparked considerable debate within the cryptocurrency community, with strong opinions on both sides. This mathematical model, which suggests that,Bitcoin,’s price will continue to grow over time, has been both championed and crit...
Solana’s Sonic Reaches Major Milestone with 1M Monthly Users
August 09, 2024 05:08 PM AEST| By Team Kalkine MediaSonic, the pioneering Solana Virtual Machine (SVM) layer 2 platform focused on gaming, has recently surpassed a major milestone with its testnet surpassing one million monthly active users. This achievement underscores the growing interest and adoption of...
How this Update Fueled Bitcoin’s Rally to $58.5K?
August 09, 2024 05:07 PM AEST| By Team Kalkine MediaBitcoin recently experienced a significant price surge, reaching a high of $58,482 on Bitstamp during the Wall Street open on August 8. This increase followed the release of U.S. unemployment data, which positively impacted market sentiment and fueled buy...
Why Bitcoin Mining Profitability Faces Huge Decline?
August 09, 2024 02:55 PM AEST| By Team Kalkine MediaBitcoin miners are facing significant challenges as reduced block rewards and increasing mining difficulty erode profit margins. Recent reports highlight that the [,Bitcoin,] miner hash price, a critical metric for assessing mining profitability, has plum...
What's Behind the Recent Gain in XRP?
August 09, 2024 02:54 PM AEST| By Team Kalkine MediaXRP has experienced a significant price surge, climbing 42% from its weekly low of $0.43 as it aims to overcome critical resistance at $0.65. The,cryptocurrency,'s recent performance reflects growing bullish sentiment and increased trading activity in the...
What's Behind Bitcoin's $60,000 Price Spike?
August 09, 2024 02:40 PM AEST| By Team Kalkine MediaBitcoin (BTC) experienced a significant rally, increasing by over $5,100 and reaching 24-hour gains of 8.3%. This substantial rise brought,Bitcoin,close to the $60,000 mark, trading at approximately $61,446 at the time of reporting. The rally from a low o...
Bitcoin's Valuation Metric Hits Historic Low Amid Market Downturn
August 09, 2024 02:39 PM AEST| By Team Kalkine MediaA popular Bitcoin valuation metric has reached levels not seen since the downfall of the FTX,cryptocurrency,exchange in November 2022, suggesting that,Bitcoin,may be significantly undervalued. This indicator, known as the Mayer Multiple, compares Bitcoin'...
Crypto Trading Volumes Reach $4.94 Trillion After Market Decline
August 09, 2024 02:38 PM AEST| By Team Kalkine MediaIn a notable shift, global trading volumes on centralized cryptocurrency exchanges saw a significant increase in July, reaching $4.94 trillion. This represents a 19% rise, marking the first upward trend in trading volumes in four months. Both spot and der...
Why Bitcoin's Market Dominance Presents a Challenge for Ethereum?
August 09, 2024 02:37 PM AEST| By Team Kalkine MediaEthereum’s native token, Ether (ETH), faced significant declines against Bitcoin (BTC) on August 5, reaching its lowest point in three years. This drop occurred amid global market turbulence and has contributed to a 25% decrease in year-to-date returns fo...
What’s Behind the XRP's 26% Surge?
August 09, 2024 02:36 PM AEST| By Team Kalkine MediaXRP's price surged by 26% following significant developments in the ongoing legal battle between Ripple Labs and the Securities and Exchange Commission (SEC). On August 7, a New York federal judge's decision to impose a $125 million civil penalty on Rippl...
Bitfarms Stock Jumps 22% as Q2 Loss Beats Expectations
August 09, 2024 11:56 AM AEST| By Team Kalkine MediaHeadlines :,[,Bitfarms,] Stock Rises 22%,:,[,Bitfarms,] saw a 22% increase in stock value following better-than-expected Q2 earnings, reporting a loss of 7 cents per share compared to the forecasted 11 cents.,Revenue,Decline and Halving Impact,:,The compa...
