Cryptocurrency News
Bhutan transferred $34.5 million in bitcoins to Binance
The government of the Kingdom of Bhutan transferred 533 bitcoins worth about $34.5 million to the Binance crypto exchange. The operations were recorded by analysts of the Arkham Intelligence platform. The transfers came from a wallet linked to the state investment company Druk Holding & Investments. The largest single transaction was 227.19 bitcoins ($14.7 million), another one —…
Sellers keep pressing: the price holds above $64,200 for now
Despite the fact that the bitcoin (BTC) rate holds above $64,200, seller pressure on the market is not easing. As CryptoQuant analyst Arab Chain notes, the cumulative volume delta (CVD) indicator on the Binance exchange remains deep in the negative zone — about −899,000 BTC, which reflects a clear predominance of sell orders over buy orders. The CVD indicator…
HSBC will speed up its work with AI from Google
The banking giant HSBC has entered into a multi-year partnership with Google Cloud to integrate artificial intelligence into its global operations. The parties will focus on using Gemini models from Google DeepMind. As part of the cooperation, the bank plans to launch more than 200 AI use cases over two years. According to HSBC's estimates, this will bring more than…
VanEck told about the future of bitcoin miners
The investment company VanEck published an analysis of the transformation of bitcoin miners into infrastructure providers for artificial intelligence and high-performance computing (HPC). The analysts concluded that the market increasingly values mining companies not as a cryptocurrency business but as operators of data centers for AI. However, between ambitious…
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