On a monumental day for Bitcoin, where it opened at $56,900, the flagship digital asset has officially exited the bear market according to the Bitcoin Power Law model. After surpassing $61,000, it has now reached the ‘fair price’ of $61,594, aligning with the projected power law price. First posited by Giovanni Santostasi, the Bitcoin Power The post At $61,594 Bitcoin is at fair market price according to the power law model appeared first on CryptoSlate.
Coca-Cola HBC, a leading bottling partner for the Coca-Cola Company, is leveraging blockchain technology to revamp its internal certificate verification process, partnering with Solana-based platform ALL.ART. Coca-Cola HBC has adopted a secure blockchain system for issuing and verifying employee qualifications obtained through its Coca-Cola Digital Academy training program. The move allows participants to receive and The post Coca Cola HBC to use Solana-based ALL ART verification system for staff qualifications appeared first on CryptoSlate.
Bitcoin is continuing its extraordinary run, smashing through $60k prior to the opening of the US market. Bitcoin subsequently recorded a new year-to-date high of $60,807 before retracing to $60,140 as of press time. It soared 7% over the past 24 hours, adding to its gains from the start of the week. Since Monday, Feb. The post Bitcoin breaks $60k, now only 2% from highest monthly close in history appeared first on CryptoSlate.
Seven days after the new Bitcoin ETFs launched, I analyzed how they could put pressure on Bitcoin’s supply dynamics in an article called “If BlackRock continues 6k BTC daily buys, we get a supply crunch within 18 months; here’s why.’ On the day of publication, Jan. 18, Bitcoin closed at $41,248 after falling from a The post Is this the Bitcoin ETF supply squeeze playing out already? appeared first on CryptoSlate.
Hong Kong-based crypto exchange BitForex appears to have gone entirely dark following the suspension of its website and trading application on Feb 23. Users have been unable to initiate withdrawals or access the exchange for several days, which boasted over $2 billion in trading volume as recently as Feb 24. Data from CoinGecko shows trading The post BitForex alleged $2.5 billion volume flatlines as exchange abruptly goes offline appeared first on CryptoSlate.