Category: Bitcoin News

British Columbia Ban New Crypto Mining Connections

admin

The local government of British Columbia is banning new crypto mining connections to the hydro power grid, citing unprecedented electricity demand. In a statement on Monday, the British Columbia (BC) government announced a set of new legislation aimed at stimulating the economy and helping the state-owned electric utility provider BC Hydro address its power availability. “There are significant opportunities in British Columbia’s traditional natural resource sectors, including mining, natural gas and LNG, and in emerging sectors, such as data centres and artificial intelligence (AI). The success of proposed major projects…

How to Trade Crypto News Like a Pro Using ChatGPT

admin

Key takeaways ChatGPT can analyze crypto news headlines and generate actionable trade signals, helping traders make faster and more informed decisions. Well-crafted prompts are essential — the more specific your instructions, the more accurate and useful ChatGPT’s responses will be. News-based signals work best when combined with broader market context, like Bitcoin trends or altcoin momentum, for a complete trading picture. AI is a tool, not a guarantee — always verify its insights with other research, charts and risk management practices before executing trades. The cryptocurrency market moves fast, and…

Polygon Boss Questions Loyalty to Ethereum in Rant

admin

Polygon co-founder Sandeep Nailwal has criticized Ethereum’s leaders for dismissing Polygon’s status as a true Ethereum layer 2 — noting contributions that Polygon has made to Ethereum while receiving little recognition for those efforts. Nailwal, who also serves as the Polygon Foundation’s CEO, said he is now “questioning his loyalty” to Ethereum — particularly the Ethereum Foundation and the community, which, according to him, hasn’t given Polygon any direct support. “In fact, the reverse,” Nailwal said in a post to X on Monday, adding that he has given his loyalty…

Crypto Bear Market Will Be Driven By Business Cycle

admin

The next crypto bear market could be particularly brutal and driven by a business cycle downturn that has never been seen in crypto before, according to analyst Willy Woo. The next bear market “will be defined by another cycle people forget about,” said Woo on Monday. He said that we’ve previously had two cycles superimposed based upon the Bitcoin halving events every four years and the M2 global money supply.  “Central banks inject M2 debasement in four-year cycles [and] both superimpose,” he said. However, the next bear market will be…

House of Doge Buys Italian Football Club

admin

Dogecoin Foundation’s commercial arm, House of Doge, has snapped up a majority stake in a historic but struggling professional Italian football team.  In an announcement from Monday, the House of Doge, together with merger partner Brag House Holdings, Inc., has become the “largest equity holder” in US Triestina Calcio 1918, as part of its mission to back projects that “carry community, cultural relevance, and long-term value.” “The investment in US Triestina 1918 represents Dogecoin’s most ambitious step into European football, positioning House of Doge at the forefront of merging digital…

Ethereum Needs Paradigm, VCs, Despite Value Extraction: Joseph Lubin

admin

Ethereum co-founder and Consensys founder Joseph Lubin highlighted the importance of venture capital (VC) funding for the development of the world’s largest smart contract network, despite growing industry concerns over the influence of investment funds on Ethereum. The main goal of VCs like Paradigm is to “suck as much value as possible from the Ethereum and broader ecosystem,” while their secondary goals include “progressing the systems towards rigorous decentralization,” wrote Lubin in a Monday X post, adding that there is “no reason for concern.” Lubin’s comments come shortly after the…

CleanSpark Shares Rise 13% After Bitcoin Miner’s AI Expansion

admin

Nasdaq-listed Bitcoin mining company CleanSpark’s shares soared over 13% on Monday, after the company announced a strategic expansion into artificial intelligence. CleanSpark, the fifth-largest Bitcoin (BTC) mining company by market capitalization, announced a new strategy to expand into AI data center infrastructure, aiming to diversify its revenue streams and strengthen long-term cash flow potential. To lead the initiative, the company appointed Jeffrey Thomas as senior vice president of AI data centers, CleanSpark announced on Monday. Thomas previously led Saudi Arabia’s multi-billion AI data center program as former president of AI…

Bitcoin, Altcoins Stage Rebound Rally, Bears Sell The Tops

admin

Key points: Bitcoin and most major altcoins have bounced off their support levels, indicating solid demand at lower levels. Buyers may find it difficult to sustain the recovery, as the bears are expected to sell on rallies. Bitcoin (BTC) made a strong comeback on Monday, rising above $111,000. Traders turned bullish after US President Donald Trump confirmed a summit with Chinese President Xi Jinping on Oct. 31. That raised hopes of a possible trade deal between the US and China. Despite the recent correction, several institutional investors remain positive on…

Dogecoin Eyes 25% Boom as Elon Musk Posts DOGE Tweet

admin

Key takeaways: Dogecoin (DOGE) jumped 2.5% to $0.20 as the market’s attention turned to Elon Musk’s latest X post, featuring the memecoin mascot Shiba Inu. DOGE price surged 29% in response. DOGE/USDT daily price chart. Source: TradingView The move extended DOGE’s sharp rebound from its recent low of $0.13, its lowest level since April, marking a 55% recovery in just two weeks. Source: X Musk’s tweets famously fueled DOGE’s explosive 2021 rally from mere cents to nearly $0.73. Now, with sentiment improving and multiple technical indicators flashing bullish signals, the…

Elon Musk Sends Floki Memecoin Soaring 29%

admin

American entrepreneur Elon Musk triggered a short-term rally in the memecoin market after posting a playful message on his social media platform X. On Monday, Musk shared a post saying that Floki, his pet Shiba Inu dog, was “back on the job” as the CEO of X. The post was accompanied by an AI-generated video of his dog sitting at a desk, donning a tie and glasses, saying “Numbers, numbers, numbers, numbers? Is this working? Yay.” Source: Elon Musk CoinGecko data showed that on Monday, the Floki (FLOKI) memecoin’s price…