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Bitcoin Cools After 65% Rally; WOO Network Predicts BTC Price to Hit $75K in Early 2024
The largest cryptocurrency by market cap recovered to $43,000 after Monday’s 10% flash crash to $40,000 that flushed overenthusiastic leveraged bets on higher prices. A dovish Federal Reserve projecting rate cuts and the falling U.S. dollar bolstered the recovery, but lost steam by Friday and BTC slipped back to $41,500. Source link
Arbitrum (ARB) Blockchain Hit by ‘Partial Outage’ Due to Traffic Surge
Arbitrum’s sequencer stalled “during a significant surge in network traffic,” according to posts across the network’s social media on Friday. “We are working to resolve as quickly as possible and will provide a post-mortem as soon as possible,” read a post on Arbitrum’s status webpage. Source link
Massive Layoffs Hit Troubled Robotaxi Developer Cruise
Cruise, General Motors’ self-driving development subsidiary, will lay off almost a quarter of its workforce—about 900 employees—the company announced Thursday. The cuts are part of a broader restructuring to focus the robotaxi unit on a narrower path to commercialization. Instead of expanding its commercial robotaxi service to multiple US cities, the company will relaunch its…
Carbon dioxide emissions from fossil fuels hit another all-time high
CO2 emissions from fossil fuels are still rising globally Jose A. Bernat Bacete/Getty Images This year’s total carbon dioxide emissions from fossil fuels are projected to reach 36.8 billion tonnes by the end of 2023 – another all-time high. The finding, from the annual Global Carbon Budget report, adds to the long list of alarming…
Bitcoin From Satoshi Nakamoto’s Era Were Moved as BTC Prices Hit $44,000
Over 1,000 bitcoins from an early miner were moved to trading desks and custodian services on Dec. 4, on-chain data firm CryptoQuant shared with CoinDesk in a Thursday report. These tokens were previously moved 13 years ago, between August and November 2010, and were mined from block rewards at an estimated total cost of $100….
Matrixport Had Predicted Bitcoin (BTC) Prices Could Hit $45K By 2023-End, The Prediction May Soon Come True
“The 2023 bitcoin rally unfolded in five phases: starting with a reaction to inflation trends, followed by a banking crisis response, a surge due to BlackRock’s ETF filing, a boost from Federal Reserve policy shifts, and finally, developments in SEC regulations regarding bitcoin ETFs, “Markus Thielen, Matrixport’s head of research, wrote in a new report….