With Bitcoin (BTC) bouncing back from a six-month low and institutional interest on the rise, analysts are painting a bullish picture for the coming months. DeFi researcher Michael Nadeau highlights several key factors that are fueling optimism among Bitcoin enthusiasts. As the cryptocurrency shakes off its first major correction in this cycle, selling pressure from
In a surprising turn of events, a long-dormant Bitcoin wallet has suddenly come to life, showcasing remarkable gains of 94,700%. The wallet, holding 190 BTC worth approximately $11.49 million, lay dormant for over 11 years before its recent activation. This resurgence has sparked interest within the cryptocurrency community, as dormant wallets are often linked to
Decentrawood, a prominent player in the metaverse and blockchain industry, has recently announced the listing of its native token, DEOD, on the globally renowned cryptocurrency exchange MEXC. This strategic move is set to take place on August 12th, 2024, at 10 AM UTC, signaling a significant milestone for the Decentrawood ecosystem. The listing on MEXC
In a recent trend that is gaining momentum, tech companies are exploring the option of directly linking data centers to nuclear plants to ensure a sustainable and clean energy source to power artificial intelligence. This move has elicited mixed reactions, especially from utilities, due to concerns about the potential impact on the electric grid. With
After a turbulent start to the week with disappointing payrolls data and concerns about interest rate cuts, the stock market managed to recover and end the week on a positive note. Despite the overall market volatility, there are opportunities for certain stocks to rebound and potentially see a rise in value. Stocks with a 14-day
Apple, a leader in the tech industry, has been identified by Bank of America as a top stock to buy. Analyst Wamsi Mohan is optimistic about the company’s future, especially with the potential for significant acceleration in smartphone units. Despite a recent dip in Apple shares, Mohan believes that the rollout of Apple Intelligence and
Recent data released by the U.S. Commodity Futures Trading Commission and LSEG revealed that leveraged funds’ position on the Japanese yen has decreased significantly. The net short stance is now at its lowest point since February 2023, with a total of 24,158 contracts being shorted. This represents a sharp decline from the previous week, where
Automaker Stellantis has recently announced plans to indefinitely lay off up to 2,450 U.S. factory workers as it discontinues production of an older version of its Ram 1500 pickup truck in Michigan. This decision comes as the company transitions to focusing on newer models and streamlining its operations. The discontinuation of the Ram 1500 “Classic”
In his role as governor of Minnesota, Tim Walz has put forward ambitious proposals for infrastructure investments, including a $3.3 billion bonding bill and a $1 billion infrastructure package. These proposals were aimed at addressing a range of issues, from infrastructure asset preservation to housing and combatting homelessness. However, despite their progressive nature, these proposals
The recent fluctuation in market expectations regarding Federal Reserve interest rate cuts has been a topic of much discussion. What started as a near-certainty for a significant rate reduction has now shifted to a more uncertain outlook. Calls for an emergency rate cut have subsided, and the market is now evenly split between the probability