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‘Smart money’ loaded $3.2B in Bitcoin over 9 days: Santiment

According to Santiment, "smart money" investors accumulated $3.2 billion in Bitcoin over a nine-day period. This surge in buying activity indicates a significant interest from institutional players in the cryptocurrency market. The report highlights that this influx of capital could potentially influence Bitcoin's price and market dynamics. Analysts suggest that such movements often precede bullish trends in the crypto space. Overall, the data reflects a growing confidence among large investors in Bitcoin's future prospects.

Read the full article: Coin Telegraph

Crypto’s multi-million F1 sponsorship under fire as Middle East war hits region's biggest events

A major cryptocurrency sponsorship deal in Formula 1 is facing scrutiny due to the ongoing conflict in the Middle East, which has disrupted significant regional events. The sponsorship, valued in the millions, has raised concerns about the appropriateness of promoting crypto in light of the humanitarian crisis. Critics argue that

Bitcoin Hit a Major Milestone—Most Miners Won't Be Around for the Next One

Bitcoin has reached a significant milestone with its block reward halving event, reducing the reward for miners from 6.25 to 3.125 BTC per block. This change is expected to impact the profitability of many miners, particularly those with higher operational costs. Analysts predict that a substantial number of

Hoskinson might be wrong about the future of decentralized compute

Charles Hoskinson, co-founder of Cardano, has expressed skepticism about the future of decentralized computing, suggesting that it may not achieve the widespread adoption some proponents anticipate. He argues that the complexity and inefficiencies associated with decentralized systems could hinder their growth compared to traditional centralized solutions. Despite his concerns, many

Judge Rejects RICO Claims in Lawsuit Over Pastor-Led Crypto Ponzi Scheme

A judge has dismissed RICO claims in a lawsuit related to a Ponzi scheme involving a pastor who promoted a cryptocurrency investment. The lawsuit accused the pastor and several associates of defrauding investors by promising high returns on crypto investments. The judge ruled that the plaintiffs did not sufficiently demonstrate

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Crypto’s multi-million F1 sponsorship under fire as Middle East war hits region's biggest events

Bitcoin Hit a Major Milestone—Most Miners Won't Be Around for the Next One

Hoskinson might be wrong about the future of decentralized compute

Judge Rejects RICO Claims in Lawsuit Over Pastor-Led Crypto Ponzi Scheme