LEO
@vuongtt
264 Following
88 Followers
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Bitfarms Announces Expansion into High-Performance Computing to Boost Operations with 3,600 ASIC Machines | Bitfarms, known for its cryptocurrency mining activities, is set to venture into high-performance computing (HPC) to enhance its operations, deploying a total of 3,600 ASIC machines in the process. This strategic move aims to lower their operational costs by approximately 33%, while also increasing their efficiency by 43%. The company's CEO, Ben Gagnon, indicated that Bitfarms is focused on establishing a strong foothold in HPC as well as AI sectors, with plans for growth projected into 2025 and 2026. Additionally, Coin Metrics anticipates that Bitfarms will leverage HPC and AI technologies to drive its operational advancements. 0 reply
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Uniswap jumps 20% as Bitcoin breaks $100K again | On May 8, Uniswap (UNI) rose by 26% as Bitcoin surpassed $100K. The next day, UNI gained an additional 3%, totaling a 35% recovery over 48 hours. Resistance is noted at the $7.5-$8 range, which marked a bounce back from similar levels in August 2024. Current price is at $6.3, suggesting potential for an 18-20% increase. The Relative Strength Index (RSI) indicates overbought conditions, while the low Average True Range (ATR) suggests the rally may continue. However, if UNI falls below the 50-EMA at $5.8, the bullish outlook weakens. A challenge exists at $8, as only 8% of holders are profitable, and 61% are at break-even, risking sell-offs. Those holding UNI for 30 days have an average profit of 18%, which could prompt profit-taking. Should Bitcoin's sentiment remain strong and its dominance drop below 60%, UNI could aim for $9.5 or $10. 0 reply
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Burst of Activity in the Crypto Market: 2,584 New Bitcoin Addresses Created in Just 40 Days | Recently, there has been a significant surge in Bitcoin activity, with 2,584 new Bitcoin addresses created over the past 40 days. This marks a 25% increase in the total number of Bitcoin addresses. The current total stands at approximately 2,548,800, compared to 3,500,000 addresses previously. In the past three months, Bitcoin has seen a total of 7,486 addresses created, indicating a growing trend in Bitcoin utilization, with a projection for further growth expected on May 4, 2025. 0 reply
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