Author: driver789
Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital…
The Ethereum Foundation has completed a third over-the-counter (OTC) sale of ETH to BitMine Immersion Technologies, offloading another 10,000 ETH at an average price of $2,292 per coin, worth roughly $22.9 million.“This sale funds the Ethereum Foundation’s core operations and activities, including protocol R&D, ecosystem development, community grant funding and more,” the Foundation wrote in a Friday post on X.The sale follows a nearly identical 10,000 ETH transaction completed just one week earlier at $2,387 per coin. The Foundation’s first sale to BitMine came in March, when it sold 5,000 ETH at around $2,043. Combined, the Foundation has sold approximately…
Riot Platforms posted $167.2 million in revenue for the first quarter of 2026, with its newly launched data center business contributing $33.2 million.The data center revenue helped offset a decline in Riot’s core Bitcoin mining business, which fell to $111.9 million from $142.9 million in Q1 2025, driven by lower average Bitcoin prices and a 24% rise in the global network hash rate. Riot produced 1,473 Bitcoin during the quarter, down from 1,530 a year earlier, while the average cost to mine one coin increased to $44,629 from $43,808, according to an announcement.“The first quarter of 2026 marks a definitive…
Bitcoin’s quantum computing concerns have always had a Satoshi problem inside it.Millions of bitcoin sitting in old wallets with exposed public keys could be vulnerable to theft if powerful enough quantum computers arrive. That includes the roughly 1.1 million bitcoin attributed to pseudonymous creator Satoshi Nakamoto, currently worth around $84 billion.The obvious defense is a soft fork (or an upgrade to existing network rules) that eventually stops allowing spends from those legacy address types, forcing holders to move into quantum-safe formats before attackers can derive their private keys.Prominent developer Jameson Lopp and five other developers proposed exactly that in mid-April…
Crypto pundit Crypto Dyl has revealed how high the XRP price could reach if it replicates its historical surge in 2017. This comes amid former Ripple CTO David Schwartz’s statement in which he addresses predictions that the altcoin could rally to $10,000. Pundit Reveals XRP Price Target If It Mirrors 2017 Surge In an X post, Crypto Dyl stated that the XRP price could rally to $1,044 if it sees another supply shock and records a 768x gain as it did in 2017. He noted that in 2017, the altcoin rallied from $0.005 to $3.84 due to a supply shock.…
Riot Platforms posted $167.2 million in revenue for the first quarter of 2026, with its newly launched data center business contributing $33.2 million.The data center revenue helped offset a decline in Riot’s core Bitcoin mining business, which fell to $111.9 million from $142.9 million in Q1 2025, driven by lower average Bitcoin prices and a 24% rise in the global network hash rate. Riot produced 1,473 Bitcoin during the quarter, down from 1,530 a year earlier, while the average cost to mine one coin increased to $44,629 from $43,808, according to an announcement.“The first quarter of 2026 marks a definitive…
The S&P 500 just closed at another record high while bitcoin made another run to the $80,000 level earlier Saturday.The largest crypto traded at $78,180 in Asian hours Saturday, up 0.8% on the week and recovering from a Wednesday low near $75,500 that came on the back of fresh Iran military escalation reports. The bounce arrived alongside Friday’s reports that Tehran had relayed a new ceasefire proposal to Washington through Pakistan, which sent WTI crude falling nearly 3% to around $102 a barrel.Equities had a much better week. The S&P 500 closed 0.3% higher Friday at an all-time high, marking…
Shiba Inu (SHIB), one of the market’s largest memecoins, is still far from its glory days. The token is trading more than 90% below the all-time highs it reached in October 2021. Even with gains of about 5% during April’s price action, the rebound looks limited in the broader context—especially as investors weigh the long-term forces that can either lift a token or keep it pinned. No Fast Scarcity, Bigger Downside A recent Motley Fool report points to several structural factors that have helped shape Shiba Inu’s current performance and could continue to influence where it goes next. One of…
JP Richardson, co-founder and CEO of Exodus Movement (NYSE American: EXOD), opened part of the Exodus Summit today in Omaha, Nebraska, with an announcement about where he thinks the company’s customers already are. Exodus is becoming the official payments partner of the UFC, Richardson said, with the partnership going live June 1. This launch coincides with the UFC staging its “Freedom 250” fight event on the White House lawn to mark the 250th anniversary of the United States, making it the first UFC event held on those grounds. Branding will appear inside the octagon, in broadcast spots, and through activation…
Key takeaways:Bitcoin options markets price in low odds of BTC reaching $84,000 in May, while the monthly futures basis rate reflects weakness.Significant Bitcoin accumulation by listed companies and rising spot Bitcoin ETF inflows absorb mining supply, reducing the impact of potential selling.Bitcoin (BTC) reclaimed the $78,000 level amid broader risk-on sentiment, as the S&P 500 Index jumped to an all-time high on Friday. Despite 15% gains over the past 30 days, options markets are pricing in 25% odds that Bitcoin will trade above $84,000 by the end of May. Derivatives markets remain skeptical of further gains, although institutional spot demand remains…