Meta has spent $30 billion on NVIDIA graphics processing units (GPUs) to improve its AI model training capabilities. During the “Forging the Future of Business with AI” summit, Yann LeCun, Meta AI chief, confirmed the purchase and emphasized the scale of this project as a new nation’s infrastructure or the historical Apollo Moon mission. The The post AI News: Meta Invests $30 Billion in NVIDIA GPUs for AI Development appeared first on CoinGape .
A Russian national, Alexander Vinnik, has pleaded guilty in a money laundering conspiracy that used the cryptocurrency exchange BTC-e. Admission was made as a result of the wider investigation, which disclosed massive illegal activities conducted by the exchange from 2011 to 2017. Details of the Guilty Plea According to court documents, under the leadership of The post Alexander Vinnik Pleads Guilty in $9 Billion Crypto Laundering Case appeared first on CoinGape .
Bitcoin surged to $63,000 after Grayscale's GBTC ETF recorded a turnaround with $63 million in new inflows. The post Bitcoin hits $63,000 following first-time inflows into Grayscale Bitcoin Trust appeared first on Crypto Briefing .
Bitcoin price swing back above $60,000 on Friday triggered gains among altcoins, with some posting double-digit movements in less than 24 hours. The slide in prices earlier in the week revealed the vulnerability and uncertainties of the crypto to buy assets, which investors must contend with and know how to navigate to ensure they are The post 2 Under $5 Crypto To Buy As Bitcoin Price Aims $80,000 appeared first on CoinGape .
Memecoins have seen a slight recovery in the last 48 hours following the cooling after the US Fed meeting that left interest rates unchanged. As crypto assets pick up gains, analysts opine that increased market sentiments are also seen in stocks as the correlation continues. The total memecoin market capitalization stands at $52.4 billion, an The post Top Memecoins Surging Over 100X Today appeared first on CoinGape .
As the crypto market is having a slow week, only a limited number of cryptos have made significant gains this week. Though the market is days away from a proper recovery, Bitcoin has already gained a decent hike, bringing it back to the $61 range, which is a good sign. So, before the market recovers, let’s analyze The post 3 Cryptos Under $1 To Buy For Short-Term Gains appeared first on CoinGape .
Large cryptocurrency holders, colloquially known as whales, have accumulated nearly 47,000 Bitcoins in the past day worth around $2.9 billion, according to data from on-chain analytics firm CryptoQuant. The data, shared on the microblogging platform X (formerly known as Twitter) by the company’s founder and CEO Ki Young Ju, shows the balances of cryptocurrency whales
Blockchain tracking platform Whale Alert has revealed the release of 400 million XRP tokens from escrow. However, the wallet from which these $213.9 million worth of Ripple-linked assets were released remains unknown. Is Ripple Behind the 400M XRP Unlock The unknown identity of the wallet is unlike usual XRP escrow unlocks that are usually done The post 400M XRP Just Unlocked From Escrow, Is XRP Price About To Skyrocket? appeared first on CoinGape .
Fantom (FTM) had initially reclaimed the $1 level back in March and expectations were that the coin would rise to $2. But that was before the market crash sent prices spiraling, and Fantom lost almost 50% of its value during this time. However, all hope is not lost of for the coin, as one crypto analyst expects a return of the bullish momentum as long as certain conditions are met. Fantom Searching For Support Crypto analyst MyCryptoParadise took to TradingView to share their analysis on the Fantom price and how it could see a recovery. After the price fell to $0.56, the altcoin began to look for support, which would serve as a bounce-off point, and the analyst revealed that the altcoin is actually getting closer to this support. Related Reading: Ripple Unlocks 1 Billion XRP From Escrow – How Will This Impact Price? For now, the support lies at $0.5679, which is the point that bulls need to hold to confirm a bullish breakout. Following a rejection at the $0.79 resistance, this point has become even more important to hold, as the FTM price searches for “renewed momentum.” “Should FTM successfully find support and bounce from this level, it could potentially form a double bottom pattern, with the neckline acting as resistance around the 0.798 mark,” the crypto analyst said, highlighting the importance of finding support. In the event of a breakout, the analyst expects at least a 100% move from here. The first major level to break it the $1 level, and then after that, the crypto analyst sees the price going as high as $1.2 as long as the trend is confirmed. Source: TradingView.com FTM Could Break Down Further On the flip side of this, the crypto analyst also identifies a scenario where the Fantom price could continue to break down. In the event that the altcoin is unable to find support above $0.56 and breaks through it instead, the bloodbath could continue. Related Reading: Crypto Analyst Says Bitcoin Must Hold Above $51,800 As ETF Outflows Trigger Crash The bearish continuation which the analyst sees in a situation like this will send the price below $0.5 eventually. The support for the FTM price then lies at the next Bullish OB area, which the crypto analyst identifies to be around $0.449. “💎 Reclaiming the support at 0.568 would be crucial for FTM to maintain its bullish momentum,” the analyst said. “Should FTM fail to bounce even after reaching the Bullish OB area, it would signal a bullish invalidation, indicating a continuation of the bearish trend.” Presently, the Fantom price is trending above support at $0.6641. However, it is down 3% in the last day with 10% losses in the last week. FTM price continues to recover | Source: FTMUSDT on Tradingview.com Featured image from Analytics Insight, chart from Tradingview.com
GBTC, the biggest spot bitcoin ETF, has seen its assets under management lead over BlackRock's IBIT shrink.