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Microsoft shareholders will consider a proposal to invest in Bitcoin at the annual meeting on Decemb
#Bitcoin❗ $BTC
Microsoft shareholders will consider a proposal to invest in Bitcoin at the annual meeting on December 10, according to documents filed by the company with the U.S. Securities and Exchange Commission (SEC).
The proposal to invest in cryptocurrency was submitted by The National Center for Public Policy Research (NCPPR). The proponents believe that Bitcoin can help Microsoft diversify its investment portfolio, protecting the company from inflation and economic instability. NCPPR st
Microsoft shareholders will consider a proposal to invest in Bitcoin at the annual meeting on December 10, according to documents filed by the company with the U.S. Securities and Exchange Commission (SEC).
The proposal to invest in cryptocurrency was submitted by The National Center for Public Policy Research (NCPPR). The proponents believe that Bitcoin can help Microsoft diversify its investment portfolio, protecting the company from inflation and economic instability. NCPPR st
Taproot Wizards' New Bitcoin NFTs Already Trading at Twice the Initial Sale Price
Even after a weeklong minting process marred by technical issues, the Quantum Cats digital images were going for more than $10,000 each on the NFT marketplace Magic Eden, on their first day of secondary trading. Investors who bought the freshly minted "Quantum Cats" NFT-like images from the Bitcoin Ordinals project Taproot Wizards were already flipping them on Tuesday for more than twice the initial sales price – in a sign of enduring demand for
Craig Wright Denies Forging Evidence He’s Satoshi on Day 2 of COPA Trial
From self-plagiarism to poor multitasking, the self-proclaimed Bitcoin inventor offered an explanation for every inconsistency pointed out by opposing counsel during his first cross-examination in the London court case.“If I had forged that document, then it would be perfect.”So spoke Australian computer scientist Craig Wright Tuesday, minutes into his first day of cross-examination in a U.K. trial that could lay waste to his controversial claim that he is the father of cryptocurrency.Denying an
Ethereum’s Dencun Upgrade Goes Live, But Fails to Finalize on Testnet
Developers said the missed finalization was likely due to an expected lack of participation and older network validatorsEthereum’s much-awaited Dencun upgrade went live on the Goerli testnet earlier Wednesday but failed to finalize in the expected time.The upgrade was pushed at 6:32 UTC, blockchain data shows, but did not reach consensus and was not finalized on the testnet. Developers expect the apparent issues to be fixed in the coming days. These likely occurred due to low participation and v
Bitcoin Sees Its First Ever Weekly 'Golden Cross'
The 50-week simple moving average (SMA) of bitcoin's price has crossed above the 200-week SMA for the first time on record.
Market enthusiasts call it a “golden cross,” indicating a positive shift in asset prices, and now this marker has finally appeared on the bitcoin (BTC) weekly price chart.
The 50-week simple moving average (SMA) on bitcoin has crossed over the 200-week SMA for the first time on record, confirming the golden cross. The phrase and its counterpart, “the death cross,” in which the short-duration SMA dips below the long-duration SMA, originated in Japan, per some technical analysis textbooks.
Many traders see crossovers as forward-looking indicators, with the golden version signaling a long-term bull market ahead.
The bullish interpretation could be challenged because averages are based on past data and tends to lag prices. In other words, averages represent what happened in the past, and the first golden cross on the weekly chart is the result of bitcoin rallying over 70% to $42,700 in four months.
Thus, seasoned traders consider crossovers as lagging indicators, often coinciding with trend exhaustion. For instance, the weekly death cross confirmed in early 2023 marked the bottom of the bear market. Bitcoin’s daily chart golden and death crossovers have a mixed record of predicting bullish and bearish trends.
Bitcoin’s rally has already stalled, with the cryptocurrency trading 10% lower from highs near $49,000 registered after 11 spot exchange-traded funds (ETFs) began trading in the U.S. last Thursday.
Per observers, the bullish momentum has waned due to early ETF flows failing to match the sky-high market expectations
The 50-week simple moving average (SMA) of bitcoin's price has crossed above the 200-week SMA for the first time on record.
Market enthusiasts call it a “golden cross,” indicating a positive shift in asset prices, and now this marker has finally appeared on the bitcoin (BTC) weekly price chart.
The 50-week simple moving average (SMA) on bitcoin has crossed over the 200-week SMA for the first time on record, confirming the golden cross. The phrase and its counterpart, “the death cross,” in which the short-duration SMA dips below the long-duration SMA, originated in Japan, per some technical analysis textbooks.
Many traders see crossovers as forward-looking indicators, with the golden version signaling a long-term bull market ahead.
The bullish interpretation could be challenged because averages are based on past data and tends to lag prices. In other words, averages represent what happened in the past, and the first golden cross on the weekly chart is the result of bitcoin rallying over 70% to $42,700 in four months.
Thus, seasoned traders consider crossovers as lagging indicators, often coinciding with trend exhaustion. For instance, the weekly death cross confirmed in early 2023 marked the bottom of the bear market. Bitcoin’s daily chart golden and death crossovers have a mixed record of predicting bullish and bearish trends.
Bitcoin’s rally has already stalled, with the cryptocurrency trading 10% lower from highs near $49,000 registered after 11 spot exchange-traded funds (ETFs) began trading in the U.S. last Thursday.
Per observers, the bullish momentum has waned due to early ETF flows failing to match the sky-high market expectations
Ether rises 16% in a week as investors see path to its own spot ETF: CNBC Crypto World
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. Greg Beard, the CEO of Stronghold Digital Mining, discusses the impact of the spot bitcoin ETF approval on crypto mining firms and the ecosystem as a whole.
#eft #CryptoCraze
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. Greg Beard, the CEO of Stronghold Digital Mining, discusses the impact of the spot bitcoin ETF approval on crypto mining firms and the ecosystem as a whole.
#eft #CryptoCraze
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