In Zanzibar, World Mobile has successfully launched its commercial telecom network. Zanzibaris may now make use of mobile data that
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Everything You Need To Know About Xuirin: A Pioneer in DeFi Debit Cards
If you’re looking for a thrilling project in the cryptocurrency world, you’ll be happy to know that Xuirin is flexible, brings fresh ideas, and has a unique plan for the future. The provider offers more than crypto services; it’s a unique platform that integrates cryptocurrency seamlessly into the global payment ecosystem, which guarantees enhanced convenience,
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Bitcoin Halving: Miners Reduce Selling Pressure As Profit Expectations Rise
Bitcoin miners have reduced inflow to centralized exchanges leading up to the halving as investors look to another uphill run. A new report from on-chain analytics firm CryptoQuant shows a major reduction in miner flows to crypto exchanges. According to the firm, last month’s figures totaled 374 BTC to exchanges, a significant from the previous The post Bitcoin Halving: Miners Reduce Selling Pressure As Profit Expectations Rise appeared first on CoinGape .
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Bitcoin Continues To Struggle: Analytics Firm Reveals What Whales Are Doing
Bitcoin has continued to struggle recently, and its price even briefly fell below $60,000. Here’s what the whales are doing while the market panics. How The Bitcoin Whales Are Behaving At The Moment In a new post on X, the market intelligence platform IntoTheBlock revealed how the Bitcoin whales have been behaving recently, given the
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Bitcoin: Expect The Unexpected – Analyst Sees Unconventional Bull Run Post-Halving
Bitcoin has been moving lower ahead of the Halving event, going against analysts’ expectations. This price action has been unexpected and shows how the coin tends to go against predictions, basically charting its path. Bitcoin Breaking The Mold In light of Bitcoin’s randomness, especially in the past few months following the approval of spot exchange-traded funds (ETFs), one analyst expects the coin to continue defying expectations by clocking in a bull run that defies historical trends. The analyst cites two recent instances where Bitcoin defied expectations to justify this bullish outlook. First, following the rapid expansion in the 2020 to 2021 bull run that saw Bitcoin soar from less than $10,000 to fresh all-time highs of around $70,000, prices sharply contracted in 2022. Related Reading: Bitcoin To $455,000: Expert Echoes Previous Halving Pattern Then, the United States Federal Reserve shifted its monetary policy to curb raging inflation by rapidly increasing interest rates. Following this and other market-related events, Bitcoin prices dipped below the all-time high of the previous cycle of $20,000. By November 2022, prices fell to as low as $15,000, accelerated by the collapse of FTX. This retest of previous highs and fall below $20,000 had never happened before. Another anomaly occurred last month. For the first time, Bitcoin prices expanded and broke the previous all-time highs of around $70,000 before the Halving event. As Bitcoin’s past price action shows, prices only rally to fresh all-time highs after Halving. However, this changed when BTC soared to $73,800, possibly paving the way for bulls to join in and push the coin back to unchartered territory post-Halving. Is BTC Ready For A Multi-Year Rally? With this in mind, the analyst believes Bitcoin will continue uniquely shaping its path, deviating from history. For instance, the analyst thinks BTC will outperform altcoins in the coming months. The analyst adds that increased regulatory scrutiny following high-profile collapses like FTX and Luna could dampen altcoin enthusiasm. Related Reading: Here’s What Would Happen If The Bitcoin Price Fell Below $58,000 The coin will ride on the fact that it is the only one with an ETF from the United States SEC receiving investments. As a result of this capital injection, Bitcoin will likely register a multi-year “up only” phase, just like gold did once its ETF was approved. Prices remain depressed ahead of this. Though prices are increasing at spot rates, the coin is within a bear formation. Currently, BTC has local resistance at around $65,000. Feature image from DALLE, chart from TradingView
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AI News: Meta Introduces Llama-3, Touts It as Top Open Source AI Model
Meta Platforms has officially launched early versions of its new large language model, Llama 3, in a strategic move to solidify its position within the rapidly evolving AI landscape. This release contains two implementations that feature powerful computational abilities developed to improve Meta AI virtual assistant and being integrated into the major platforms such as The post AI News: Meta Introduces Llama-3, Touts It as Top Open Source AI Model appeared first on CoinGape .
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