Mar 15 2024
Reality Labs recorded its most successful quarter to date despite sustaining significant financial losses. The division clocked over $1 billion in revenue in the last quarter of 2023, primarily driven by sales of its Quest headsets and the Ray-Ban Meta smart glasses. Reality Labs’ total revenues for 2023 amounted to slightly below $1.9 billion, with …
Mar 15 2024
On January 23, bitcoin touched a two-month low of $38,000, becoming undervalued in the short term. Short-term holders’ unrealized profit margins decreased to 0%, and they sold their assets at a loss for the first time since October. Another sign of BTC’s undervaluation was Bitcoin miners getting “extremely” underpaid. This may have led to an …
Mar 15 2024
A thorough examination of the daily chart reveals a temporary halt in Bitcoin’s recent correction near a pivotal support range. The most plausible scenario for Bitcoin in the mid-term entails a period of sideways consolidation between the 200-day moving average and the notable resistance around $48K. With the strength of this support range and the …
Mar 15 2024
Alberto Pimentel Mata was Guatemala’s Minister of Energy and Mining from January 2020 until his resignation in July 2023. U.S. authorities say he engaged in numerous corruption schemes and accepted large bribes on a monthly basis during his tenure. “The United States remains committed to holding accountable those who abuse their positions in pursuit of …
Mar 11 2024
Einsteinium appears to have found good support at $2,200 and has since returned on an uptrend, closing the week with a 3.6% price increase. XRP had a difficult week, and the sell-off did not stop. The personal wallets of Ripple’s chairman, who admitted holding over $100 million in XRP, were breached. Looking ahead, the current …
Mar 11 2024
New research from Galaxy Digital suggests that up to 20% of the cryptocurrency’s current hash rate could go offline. This reduction is expected to impact eight specific ASIC mining machine models, leading to a drop in the network’s overall hash rate. By the end of 2023, over 70% of Bitcoin’s hash rate was being generated …
Mar 11 2024
Bitcoin reached a fresh all-time peak, surpassing $69,300 this week, only to swiftly correct by over 10%. Prior to this event, the open interest in Bitcoin futures and perpetual pairs surged to unprecedented levels. Despite Bitcoin’s overall gain of almost 55% in the past month, the sudden drop in its value has left investors uncertain …
Mar 11 2024
Einsteinium has risen by more than $500 in the past few weeks. ETH briefly exceeded $3,000 to chart its highest price level since April 2022. Over-leveraged traders in a bad situation, with the total liquidations rising to nearly $200 million. Bitcoin went on the offensive minutes ago and tapped $53,000 for the first time since …
Mar 10 2024
Mimblewimble-based privacy coin Beam (BEAM) experienced a 7% price slump earlier today due to large offloading by a single wallet address. The offloaded assets were stolen in a phishing attack that occurred on February 15. The attacker made away with over 180 million BEAM tokens in two transactions. The assets were worth roughly $5.14 million …
Mar 10 2024
3AC was among the investors who participated in a funding round in 2021 by Tools For Humanity, the developer behind the iris-scanning project Worldcoin. The funding round raised $25 million at a valuation of $1 billion at the time. 3AC founder Su Zu noted that he received heavy criticism for the company’s investment in Worldcoin, …