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🌙 Here's what you might have missed overnight: ⚠️ Bitcoin falls amid unusual activity Open interest in bitcoin futures has reached $29 billion despite the price continuing to fall. This could point to further declines. ⚖️ Lawsuit against AI sites generating fake photos Websites generating fake images of women and girls using AI have been visited more than 200 million times, sparking a wave of outrage. 🚨 Kim Dotcom is fighting extradition The Megaupload creator says he will not leave New Zealand despite an extradition order to the US. 💻 IMF proposes to raise electricity prices for miners by 85% The IMF is proposing an electricity tax on miners that could cut emissions by 100 million tons a year. 🔐 Crypto hacking and ransomware attacks increased in 2024 Chainalysis reports a significant increase in attacks on cryptocurrency exchanges and ransomware incidents, which has become a major concern for the industry in 2024.
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NEW: 🟠 CNBC on Morgan Stanley allowing their advisors to pitch clients #Bitcoin ETFs: "It's only going to be a matter of time before it gets more traction" 🚀 Source
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Finally, Bitcoin has broken above the $60,000 level and is now retesting it. The price needs to hold the $60,000 level, which is bullish. We may see a continuation of the upward movement.
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🔗 The Turbo Protocol team has launched a Layer 2 solution on Ethereum, capable of processing up to 400,000 transactions per second (TPS). For comparison, Ethereum’s blockchain handles 20-30 TPS, Solana just over 1,000, and the centralized payment system Visa around 24,000. According to the developers, this high performance is achieved through parallel transaction processing.
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btc to 50k?
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