10th Indian Delegation to Dubai, Gitex & Expand North Star – World’s Largest Startup Investor Connect
Tech

Bitcoin Price Blasts Past $56,000, Yielding $157 Million in Liquidated Shorts


After flirting with $55,000 for much of the day, the price of Bitcoin didn’t hesitate to leap comfortably above $56,000 late Monday—$56,700 as of writing—reaching heady altitude despite $157 million in Bitcoin shorts being liquidated over the last 24 hours, according to CoinGlass.

The milestone comes only hours after BTC surged over $53,000, already seeing heights not seen since 2021.

Top institutional Bitcoin holder MicroStrategy had just grown its Bitcoin holdings to 193,000 BTC. That stash was worth $10.28 billion when founder Michael Saylor tweeted about the acquisition of 3,000 Bitcoin this morning. It’s now valued at $10.9 billion, a $620 million single-day bump.

The firm has paid an average of $51,813 per Bitcoin, Saylor notes.

One Year of Bitcoin Gains
Image: CoinGecko

It was October 2021 when crypto watchers were similarly breathless, watching Bitcoin rise above $57,000—again, as that figure represented its all-time high at the start of that year—as it continued a two-week rally. It eventually $69,000 in November.

Today was a good day for Ethereum as well, with the price of ETH peaking at $3,273 about an hour prior to Bitcoin’s breakout. It’s a number last seen in April 2022 when its value was on the way down from its all-time high of $4,878 in Nov 2021.

Stay on top of crypto news, get daily updates in your inbox.



Source link

by Siliconluxembourg

Would-be entrepreneurs have an extra helping hand from Luxembourg’s Chamber of Commerce, which has published a new practical guide. ‘Developing your business: actions to take and mistakes to avoid’, was written to respond to  the needs and answer the common questions of entrepreneurs.  “Testimonials, practical tools, expert insights and presentations from key players in our ecosystem have been brought together to create a comprehensive toolkit that you can consult at any stage of your journey,” the introduction… Source link

by WIRED

B&H Photo is one of our favorite places to shop for camera gear. If you’re ever in New York, head to the store to check out the giant overhead conveyor belt system that brings your purchase from the upper floors to the registers downstairs (yes, seriously, here’s a video). Fortunately B&H Photo’s website is here for the rest of us with some good deals on photo gear we love. Save on the Latest Gear at B&H Photo B&H Photo has plenty of great deals, including Nikon’s brand-new Z6III full-frame… Source link

by Gizmodo

Long before Edgar Wright’s The Running Man hits theaters this week, the director of Shaun of the Dead and Hot Fuzz had been thinking about making it. He read the original 1982 novel by Stephen King (under his pseudonym Richard Bachman) as a boy and excitedly went to theaters in 1987 to see the film version, starring Arnold Schwarzenegger. Wright enjoyed the adaptation but was a little let down by just how different it was from the novel. Years later, after he’d become a successful… Source link