Bitcoin has experienced its longest stretch of negative year-over-year returns in its history, 15 months extending from Feb. 2022 to June 2023. This record-breaking downturn surpasses the previous streak of nearly a year from Nov. 2014 to Oct. 2015. According to a recent Pantera Capital letter to investors, this prolonged downturn may have reached its limit. The post Pantera predicts 322% Bitcoin price surge to $148k after halving in 2024 appeared first on CryptoSlate.

Since August 2010, there have been only 677 days in which you could have bought Bitcoin and currently be at a loss, with 86% of days where ‘holding Bitcoin has been profitable relative to today’s price,’ as per Coinglass data. Data from Coinglass shows that entities who purchased Bitcoin on any one of the other The post Bitcoin profitable on 86% of days, yet just 61% of holders are in profit appeared first on CryptoSlate.

Nvidia made no mention of cryptocurrency or crypto mining chips and minimal references to gaming in its latest earnings call released on Aug. 23, as AI dominated the narrative around growth drivers and new offerings. Based on the frequency and context of mentions, the transcript indicates a greater emphasis on AI than gaming, Nvidia’s core The post NVIDIA doubles down on generative AI amid reducing gaming, crypto focus appeared first on CryptoSlate.

FTX has filed a motion in bankruptcy court seeking approval to hire Galaxy Digital Capital Management LP (“Galaxy”) as an investment manager, according to a court filing uploaded to FTX’s claims agent website on Aug. 23. Galaxy investment manager for FTX. As the filing outlines, FTX is proposing to engage Galaxy to provide investment management The post FTX wants court to allow up to $200M weekly crypto sale, restart ‘hedging’ BTC appeared first on CryptoSlate.

Solana Pay, the decentralized payment protocol by Solana Labs, has integrated with Shopify. This strategic integration allows millions of businesses on Shopify’s platform to leverage Solana Pay for crypto transactions with zero transaction fees until 2024. A post on the Solana official X profile, linking to a TechCrunch article read; “Today, Solana Pay integrates with The post Shopify integrates with ‘zero-fee’ Solana Pay, prompting businesses to adopt crypto transactions appeared first on CryptoSlate.