Bitcoin price hits 2023 high as ‘bullish event’ looms
The price of bitcoin has experienced the strongest first half of a year since 2019, nearly doubling in value since the start of 2023. The world’s leading cryptocurrency reached above $31,000 this week, up from $16,000 in January, pushing its market cap above $600 million for the first time in more than a year. Some crypto analysts suggest the approaching ‘halving’ event, which will see bitcoin mining rewards drop by 50 per cent, could be one factor behind the cryptocurrency’s positive price trend. Bitcoin’s halving takes place roughly every four years, with the crypto’s price cycles viewed by many traders and investors as being intrinsically link to the event. Sometimes referred to as “the halvening”, the seismic event is built-in to bitcoin’s technological foundations, and is aimed at making the digital currency anti-inflationary by reducing its supply. “The months prior to the halving have historically seen the start of a bullish trend for the market, hence the market participants are carefully looking at the second half of 2023,” Matteo Greco, a research analyst at the fintech investment firm Fineqia International, told The Independent. “Riot Platforms, an industry leader in bitcoin mining and data centre hosting, announced a $162 million investment to purchase 33,280 miners, aiming to nearly double its computational power in anticipation of the next halving.” Mr Greco pointed to the cryptocurrency litecoin, once referred to as the silver to bitcoin’s gold, which typically experiences its halving event a few months before its more famous rival. In the months leading up to Litecoin’s halvings in 2015 and 2019 its price saw massive gains, which were then replicated by bitcoin. Litecoin’s next halving is currently scheduled for 3 August 2023 and it is once again experiencing a significant price increase, outperforming broader market trends. “Litecoin often served as a sentiment metric on the bitcoin halving,” Mr Greco said. “The big increase in price, while most of the altcoins keep lagging, suggests bullish sentiment is increasing ahead of the next BTC halving.” Bitcoin’s halving is currently scheduled for 26 April, 2024, with pseudonymous crypto trader PlanB noting another historic price trend that could signal more gains over the coming months. “Buy bitcoin six months before a halving and sell 18 months after a halving has historically beaten ‘buy and hold’ [trading strategy],” he tweeted on Monday. “The next halving is in April 2024... Will this strategy work again?” Read More How bad is bitcoin for the environment really? Crypto experts discuss bitcoin price predictions What is Solana? The crypto rising 200-times faster than bitcoin Could Norwegian fjords and waterfalls stop bitcoin from destroying the planet?
2023-07-05 18:22
ChatGPT has an Android app now
OpenAI just released a ChatGPT app for Android. The app is available for download in
2023-07-26 01:53
How to watch 'Love Island' UK from the US using VPN
SAVE 49%: Unblock ITVX from outside the UK with ExpressVPN. A one-year subscription to ExpressVPN
2023-05-31 02:28
The best streaming sites for movies in 2023
This content originally appeared on Mashable for a US audience and has been adapted for
2023-06-05 17:52
WhatsApp update will let people edit messages after they are sent
WhatsApp will finally let people edit messages after they are sent. It means the app joins a range of other platforms, such as iMessage and Slack, in letting people fix problems in a message. And it follows the recent addition of the option to delete messages entirely. The feature is now rolling out to users across the world and will be available to everyone in the “coming weeks”, said Mark Zuckerberg, chief executive of WhatsApp parent company Meta.
2023-05-22 22:47
Paris Hilton and Jimmy Fallon fawning over NFTs resurfaces after report finds they are worthless
The non-fungible token (NFT) craze might be over – but we will always have videos of celebrities endorsing them as reminders of just how unhinged it was. The latest to have re-emerged is of Paris Hilton and Jimmy Fallon, the US late-night talk show host, and it is quite something. Fallon’s interview with Hilton is from 2022, just before the crypto bubble burst in spectacular fashion last year. It starts with Fallon pulling out a picture of a low-quality cartoon ape, saying: “This is your ape!” "I was going through a lot of them," Hilton said. "I was like, I want something that, like, kind of reminds me of me. But – this one, it does." After a short segment of grindingly awkward conversation, Fallon then pulls out another picture of an ape – his own NFT. Turns out he also wanted something that reminded him of himself. “It reminded me of me a little bit,” he said. He then put the pictures side by side and said, "They're buddies.” Journalist Nooruddean Choudry reposted the clip on X/Twitter, saying: “Still, I’m sure everyone involved in this beyond weird advert to make rich people richer at the expense of gullible idiots is proud of their contribution.” It comes after a report indicated that the NFT market has collapsed and that nearly all NFTs are practically worthless. The study of 73,257 NFT collections found that 69,795 of which have a market value of zero Ether, a popular cryptocurrency used to buy and sell the tokens. Sign up to our free Indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-09-21 23:56
Winter Vanishes in the Andes as Climate Change Meets El Nino
Extreme heat scorching the Northern Hemisphere from California to China is also on show in the south, where
2023-08-03 03:51
Why Florida’s new curriculum on slavery is becoming a political headache for Ron DeSantis
Why was a major candidate for the presidency just asked about a lesson set to be taught to middle school students in Florida social studies classes? Governor Ron DeSantis found himself answering yet more questions about his state’s new conservative-friendly social studies curriculum at a press event in Utah over the weekend as the Republican sees continued signs that his record on racial and social issues in the Sunshine State will be an issue in the upcoming GOP primary debates and, potentially, the 2024 general election. Mr DeSantis’s campaign held a summit with donors in Utah this past weekend where top advisers pledged a reboot to the Florida governor’s stagnating presidential bid including cutbacks to pricy expenditures including private events that have not helped his standings in the polls improve. The candidate himself held a press conference on Friday, where the question about Florida schools was directed to him. The Florida Department of Education’s social studies standards for the 2023-2024 school year, released this month, provide lesson topics for middle school teachers including a “benchmark clarification” which instructs educators to teach students that “slaves developed skills which, in some instances, could be applied for their personal benefit”. It isn’t clear what “their personal benefit” would be in this scenario. The line is included as part of a broader lesson entitled: “Examine the various duties and trades performed by slaves (e.g., agricultural work, painting, carpentry, tailoring, domestic service, blacksmithing, transportation).” Mr DeSantis has come under fire for the curriculum changes, from both Democrats and Republicans alike. Last week, Vice President Kamala Harris railed against Mr DeSantis without naming the Florida governor. “There is a national agenda afoot. Extremist so-called leaders for months have dared to ban books. … Extremists here in Florida, passing a law ‘Don’t Say Gay,’ trying to instill fear in our teachers … And now, on top of that, they want to replace history with lies.” And former New Jersey Gov Chris Christie, who is seeking the 2024 GOP presidential nomination, also called out the governor for what he claimed was a lack of leadership. While the change to the curriculum itself is subtle — a single sentence added to a much larger document — the news of its insertion played into a larger narrative of Florida’s right-wing shift under the DeSantis administration. Florida schools, in particular, are the biggest battleground for this war, where liberal groups and nonpartisan experts alike warn that students are increasingly the recipients of a whitewashed educational environment devoid of anything that conservatives find unseemly or uncomfortable, such as discussions of the sins of slavery, representation of LGBT+ persons in the classroom or teaching materials, and other narratives that brush up against conservative belief systems. The changes to Florida schools had already earned the state the condemnation of the NAACP and other civil rights groups, something that has enraged conservatives and drawn the state into an ugly national fight against any group or organisation that the governor perceives to have a liberal agenda, including the Disney corporation. Now, he is officially a candidate for president and facing the reality that his loyally conservative record in Florida has failed to allow him to make serious inroads against Donald Trump and his support base, while he remains engaged in fighting off competitive rivals like Vivek Ramaswamy and others in the crowded Republican primary contest. It remains to be seen whether his campaign reset (which continued this week with layoffs of roughly a third of his staff) will be a necessary fat-trimming measure or the sign of his campaign’s early demise; what is certain is that the issue of the quality of education in Florida’s schools is not going away, at least any time soon. Read More Four cars in Ron DeSantis motorcade crash into each other on way to Tennessee fundraisers Biden laughs off impeachment threat after McCarthy teases inquiry Trump goes on late-night Truth Social rampage against ‘loser’ and ‘lowlife’ Mitt Romney Ron DeSantis: The new Jeb Bush Why was Donald Trump impeached twice during his presidency? DeSantis campaign fires aide behind neo-Nazi meme video
2023-07-27 01:47
James Kuffner Exits as CEO of Toyota’s Technology Unit Woven
James Kuffner is leaving his post as chief executive officer of Toyota Motor Corp.’s automotive-technology unit, Woven by
2023-09-07 15:27
Study explains how masturbation helped the evolution of humanity
Masturbation is far more important in the timeline of human evolution than ever previously thought. In fact, we might not be here at all if it weren’t for primates masturbating thousands of years ago, a new study has claimed. New research from the Proceedings of the Royal Society B has focused on the effects of masturbating in male primates and its effects on ensuring reproductive methods. “Masturbation is common across the animal kingdom but is especially prevalent amongst primates, including humans,” the study authors said in a statement. Sign up to our free Indy100 weekly newsletter They went on to say that masturbation “was most likely present in the common ancestor of all monkeys and apes” before saying that it might have influenced mating behaviour. “Masturbation (without ejaculation) can increase arousal before sex,” the authors wrote. “This may be a particularly useful tactic for low-ranking males likely to be interrupted during copulation, by helping them to ejaculate faster.” According to the researchers, regular ejaculation evolved as a trait among male primates where they faced competition. That’s because it “allows males to shed inferior semen, leaving fresh, high-quality sperm available for mating, which are more likely to outcompete those of other males.” It also helped male primates “by cleansing the urethra (a primary site of infection for many STIs) with ejaculate”. Things were less clear with female primates, with the study authors stating that “more data on female sexual behavior are needed to better understand the evolutionary role of female masturbation.” “Our findings help shed light on a very common, but little understood, sexual behavior,” said lead author Dr. Matilda Brindle, of University College London. “The fact that autosexual behavior may serve an adaptive function, is ubiquitous throughout the primate order, and is practiced by captive and wild-living members of both sexes, demonstrates that masturbation is part of a repertoire of healthy sexual behaviors.” Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-06-07 20:28
EPA orders Norfolk Southern to perform additional cleanup following Ohio derailment
- The U.S. Environmental Protection Agency (EPA) on Wednesday ordered Norfolk Southern Corp to carry out additional cleanup
2023-10-20 00:55
Want to Share News Articles on Facebook in Canada? Tough Luck
Facebook and Instagram users in Canada may need more pictures of babies, pets, and food,
2023-06-23 23:47
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