Bitcoin

NEWS DESK

Bitcoin Drops 5% After Hitting $100,000 as Strong US Economic Data Fuels Fed Rate Cut Expectations – Century Financial

News Desk 1 08/01/2025 0

Oil rose for a second day after an industry report pointed to another decline in US crude inventories. Oil has had a strong start to 2025, with prices breaking out of a months-long range, but many analysts continue to warn of a glut this year and technical indicators signaled the advance may

NEWS DESK

Bitcoin Stabilizes After 2024 Surge as Traders Weigh Regulatory Concerns and Slower Rate Cuts – Century Financial

News Desk 1 02/01/2025 0

Oil prices experienced an uptick on Thursday following the release of data indicating a decline in U.S. oil inventories last week. Traders, however, remained cautious as they contemplated the market outlook for the upcoming year. The American Petroleum Institute (API) reported on Tuesday that U.S. oil inventories dropped by 1.4 million barrels last week. Such […]

NEWS DESK

Cryptocurrency Market Reacts to Fed’s Expected Rate Cut; Bitcoin Falls from All-Time High – Century Financial

News Desk 1 18/12/2024 0

Bitcoin slipped on Wednesday after a three-day winning streak and a record high, as the digital currency saw profit-taking ahead of a Federal Reserve interest rate decision. Bitcoin fell 2.4% to $103,688.0, after breaching the $108,000 level a day earlier. The largest cryptocurrency reached an all-time high of $108,244 for a brief period on Tuesday. This […]

NEWS DESK

GDA spotlights bitcoin mining’s clean energy role at Bitcoin MENA

News Desk 1 09/12/2024 0

Genesis Digital Assets (“GDA”), one of the world’s leading bitcoin mining companies in terms of hash rate, said today at Bitcoin MENA in Abu Dhabi that clean energy and innovation will continue to drive its global expansion plans. In recent months, GDA launched a data centre in Argentina which uses repurposed flared gas to reduce […]

Blockchain & Cryptocurrency Sport

Abu Dhabi to host first-ever NFL event rewarding players in Bitcoin

Arnold Pinto 24/11/2024 0

Part of Bitcoin MENA 2024 The Bitball Flag Football tournament, the first-ever NFL event in which winners will be rewarded in Bitcoin, will feature some of the biggest names in American football when it is held at 7pm (GST) on December 10, 2024, at Al Nahyan Stadium in Abu Dhabi. Russell Okung, an 11-year NFL […]

NEWS DESK

Crude Oil and Bitcoin Surge Amid Geopolitical Tensions and Crypto Optimism – Century Financial

News Desk 1 20/11/2024 0

Crude oil futures in European morning hours Wednesday were climbing higher as the escalating geopolitical situation around Russia continued to dominate. Moscow has threatened to respond after Ukraine fired a US long-range missile into Russian territory, coming after the Biden administration lifted restrictions on their use. The Kremlin also announced a change in its

Blockchain & Cryptocurrency Thought leadership

Cryptocurrency market optimism rises ahead of Donald Trump’s second term

News Desk 2 17/11/2024 0

By Lorien Carter, Research Analyst at Juniper Research As Donald Trump prepares to assume office for a second term in January 2025, significant attention is turning to his cryptocurrency and regulatory reform promises. His recent electoral victory has sparked a wave of optimism in the digital currency market, particularly surrounding Bitcoin, which saw an astounding […]

NEWS DESK

The recent surge could lead Bitcoin’s $90K-$100K Ceiling: A Market Maker’s Challenge

News Desk 1 12/11/2024 0

Bitcoin’s relentless ascent has recently captured the world’s attention, with many analysts predicting further price increases. However, a significant hurdle may lie ahead: the $90,000 to $100,000 price range. Market makers, the financial institutions that facilitate trading by providing liquidity, could play a crucial role in capping Bitcoin’s upward momentum within this

Blockchain & Cryptocurrency

Eric Trump to headline Bitcoin MENA 2024

Dan Ngiam 08/11/2024 0

Trump family supports bitcoin Eric Trump will be the keynote speaker at the upcoming Bitcoin MENA Conference in Abu Dhabi, which will be held from December 9 to 10, 2024, at the ADNEC Centre. Trump’s participation marks a significant milestone for the event, underscoring the growing momentum of bitcoin adoption in the Middle East and […]

NEWS DESK

Gold Surges; Bitcoin Gains Momentum – Century Financial 

News Desk 1 18/10/2024 0

Gold surged above $2,700 an ounce for the first time as investors flocked to safety amidst rising geopolitical tensions and a tight U.S. presidential election race. Israel declared it killed Hamas leader and vowed to continue fighting until all hostages seized by Hamas were released. Additionally, traditional election polls in the U.S. are painting a […]

NEWS DESK

GCC can have big role in bitcoin mining’sgreen energy-driven future

News Desk 1 29/08/2024

As bitcoin mining undergoes major changes, the GCC region can have an important role in the transformation, which is being driven by a focus on renewable energy and new technology. Abdumalik Mirakhmedov, Executive President of GDA, one of the world’s largest bitcoin mining companies in terms of hash rate, says strong government support, an abundance […]

NEWS DESK

Bitcoin mining facility running on renewable energy in Sweden

News Desk 1 21/08/2024

Keeping frozen roads open to urban traffic when temperatures plunge well below zero is a costly problem in many of the world’s cold countries. Heat from a data facility running on renewable energy has brought a solution that could go global. GDA, one of the world’s largest industrial-scale bitcoin mining companies in terms of hash […]

NEWS DESK

Fed Chair May Reveal Rate Cut Plans for 2024; Dollar Gains Amid Positive Data, Bitcoin Struggles

News Desk 2 31/07/2024

Will FOMC cut interest rate in July or just warm up for September meeting? FOMC meeting began on Tuesday amid hopes that Jerome Powell, Fed Chairman, could hint the timing or number of rate cuts at least until the end of 2024, this comes amid accelerating expectations that the Federal Open Market Committee will begin […]

NEWS DESK

Gold, BTC, GBP: Analytical Look on Week’s Performance, Future Outlook

News Desk 2 12/07/2024

The financial markets have been wildly volatile this week, with notable swings in the price of gold, Bitcoin, and the British pound (GBP) caused by a variety of circumstances. Let’s examine the main forces at work in their performance and look forward. Dynamic InterplayThe complex interplay among economic data, expectations for central bank policy, and […]

NEWS DESK

GDA launches Bitcoin mining centre in Argentina powered with repurposed flared gas

News Desk 2 15/05/2024

Genesis Digital Assets Limited (GDA), one of the largest Bitcoin mining companies in the world in terms of hash rate, has announced the opening of a new data center in Argentina powered by YPF Luz, a leading company in electric power generation. The announcement comes during a period of expansion by GDA, which now operates […]

NEWS DESK

Bitcoin halving ‘can help mining companies flourish’

News Desk 2 21/04/2024

GDA, one of the world’s leading bitcoin mining companies in terms of hash rate, believes the latest bitcoin halving event can allow the industry’s leading players to flourish, as the GCC region emerges as a new area for growth. Abdumalik Mirakhmedov, Founder and Executive President of GDA, will be a keynote speaker at the World […]

NEWS DESK

Imminent Bitcoin Halving Set to Make Bitcoin Twice as Rare as Gold, Bybit Reports

News Desk 1 17/04/2024

Bybit, one of the world’s top three crypto exchanges by volume, has released a new report showing that the current supply dynamics of Bitcoin leave only nine months of supply left on exchanges. This is due to the upcoming Bitcoin halving, which reduces supply by 50%. Post-halving, the Bitcoin supply squeeze is expected to intensify. […]

NEWS DESK

Bybit Launches Miner’s Points Plaza: a $1 Million Prize Pool to Celebrate Bitcoin Halving

News Desk 1 04/04/2024

Bybit, one of the world’s top three cryptocurrency exchanges, has launched the Miner’s Points Plaza in celebration of the Bitcoin halving. This event, designed as a game, allows users to complete fun tasks, earn points, and mine a prize pool of 2 BTC. Why Bitcoin Halving Matters The crypto community is gearing up for the […]

NEWS DESK

GDA adds 20th bitcoin mining site in global expansionfocused on renewable energy

News Desk 1 04/04/2024

GDA, one of the world’s leading bitcoin mining companies in terms of hash rate, today announced the latest phase of an expansion programme which places a major emphasis on the use of renewable energy in its global operations. The company has entered into a strategic hosting arrangement for a sixth data centre in Texas, which […]

NEWS DESK

Bybit Launches Miner’s Points Plaza: a $1 Million Prize Pool to Celebrate Bitcoin Halving

News Desk 1 26/03/2024

Bybit, one of the world’s top three cryptocurrency exchanges, has launched the Miner’s Points Plaza in celebration of the Bitcoin halving. This event, designed as a game, allows users to complete fun tasks, earn points, and mine a prize pool of 2 BTC. Why Bitcoin Halving Matters The crypto community is gearing up for the […]