Cryptocurrency

Bitcoin’s $30K Floor — Willy Woo’s Onchain Analysis Predicts Enduring Stability Above Threshold

On November 21, 2023, the popular onchain analyst Willy Woo presented a detailed chart showcasing the cost basis density map of bitcoin. This analysis delves into BTC’s pricing history and transactional data, pinpointing critical areas of price stabilization and potential zones of support. In discussing the chart, Woo remarked that if the current pattern continues […]
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Cryptocurrency
21 Nov 2023

Phoenix Group IPO raises $370M, signaling investor confidence in Middle Eastern crypto economy

Abu Dhabi’s Phoenix Group, a Bitcoin (BTC) mining service provider, has completed an initial public offering (IPO) that sold 907 million shares, raising approximately 1.3 billion UAE Dirhams, or $370 million, according to a Nov. 21 statement. The firm said the IPO surpassed its initial expectations, raising 33 times the projected amount. Demand from retail […]
The post Phoenix Group IPO raises $370M, signaling investor confidence in Middle Eastern crypto economy appeared first on CryptoSlate.
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Cryptocurrency
21 Nov 2023

Historic bubbles burst while Bitcoin bounces back

Quick Take Tulip Mania Historically, financial bubbles, once burst, have shown little propensity for recovery. The infamous Tulip Mania of the 17th century exemplifies this trend, with tulip prices soaring twenty times before crashing a staggering 99% in 1637, as reported by Investopedia. Japanese Real Estate Market The Japanese real estate market provides another poignant […]
The post Historic bubbles burst while Bitcoin bounces back appeared first on CryptoSlate.
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Cryptocurrency
21 Nov 2023

Transactions on Avalanche surge by 3,040% in November

Avalanche has seen a significant increase in its market value this year. The token has grown substantially with impressive monthly, year-to-date (YTD), and yearly gains. AVAX’s price has surged by over 103% in the last 30 days alone, with a notable 77% increase over the past year. This price growth was accompanied by an even […]
The post Transactions on Avalanche surge by 3,040% in November appeared first on CryptoSlate.
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Cryptocurrency
21 Nov 2023

Report: Bitcoin Mining Project Initiates Construction of Hydro-Powered Facility in Nigeria

A Nigerian startup named Trojan Mining is constructing a hydro-powered facility dedicated to bitcoin (BTC) mining in the African country, according to a recent report. Over the weekend, Trojan unveiled the creation of its mining container, locally produced and designed for a 500-kilowatt (KW) bitcoin mining site. Startup Embarks on Hydro-Powered Bitcoin Mining Facility Project […]
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Cryptocurrency
21 Nov 2023

LBank Labs Winter Bootcamp 2024: The Epicenter of Blockchain Innovation

PRESS RELEASE. A short recap from Summer Bootcamp 2023. Following our hugely successful Cabo Mexico Bootcamp with 12 finalist teams selected from 70+ projects and 3 of 12 received extra grants for innovation, feasibility and improvement. We’re bringing together luminaries from over a dozen global top universities like CMU, Colombia, Berkeley, Stanford, Imperial College and […]
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Cryptocurrency
21 Nov 2023