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CAMPBELL, Calif.--(BUSINESS WIRE)--Aug 8, 2023--

The price of bitcoin has experienced the strongest first half of a year since 2019, nearly doubling in value since the start of 2023. The world’s leading cryptocurrency reached above $31,000 this week, up from $16,000 in January, pushing its market cap above $600 million for the first time in more than a year. Some crypto analysts suggest the approaching ‘halving’ event, which will see bitcoin mining rewards drop by 50 per cent, could be one factor behind the cryptocurrency’s positive price trend. Bitcoin’s halving takes place roughly every four years, with the crypto’s price cycles viewed by many traders and investors as being intrinsically link to the event. Sometimes referred to as “the halvening”, the seismic event is built-in to bitcoin’s technological foundations, and is aimed at making the digital currency anti-inflationary by reducing its supply. “The months prior to the halving have historically seen the start of a bullish trend for the market, hence the market participants are carefully looking at the second half of 2023,” Matteo Greco, a research analyst at the fintech investment firm Fineqia International, told The Independent. “Riot Platforms, an industry leader in bitcoin mining and data centre hosting, announced a $162 million investment to purchase 33,280 miners, aiming to nearly double its computational power in anticipation of the next halving.” Mr Greco pointed to the cryptocurrency litecoin, once referred to as the silver to bitcoin’s gold, which typically experiences its halving event a few months before its more famous rival. In the months leading up to Litecoin’s halvings in 2015 and 2019 its price saw massive gains, which were then replicated by bitcoin. Litecoin’s next halving is currently scheduled for 3 August 2023 and it is once again experiencing a significant price increase, outperforming broader market trends. “Litecoin often served as a sentiment metric on the bitcoin halving,” Mr Greco said. “The big increase in price, while most of the altcoins keep lagging, suggests bullish sentiment is increasing ahead of the next BTC halving.” Bitcoin’s halving is currently scheduled for 26 April, 2024, with pseudonymous crypto trader PlanB noting another historic price trend that could signal more gains over the coming months. “Buy bitcoin six months before a halving and sell 18 months after a halving has historically beaten ‘buy and hold’ [trading strategy],” he tweeted on Monday. “The next halving is in April 2024... Will this strategy work again?” Read More How bad is bitcoin for the environment really? Crypto experts discuss bitcoin price predictions What is Solana? The crypto rising 200-times faster than bitcoin Could Norwegian fjords and waterfalls stop bitcoin from destroying the planet?

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U.S. companies can no longer release quiet, belated information about data breaches. The Securities and

BOCA RATON, Fla.--(BUSINESS WIRE)--May 16, 2023--

It’s been less than a week since Instagram launched Threads, its text-based alternative to Twitter, and the team at Mark Zuckerberg’s Meta are already looking to rollout new features to improve the app – one of which could be a “hilarious” jab at Twitter owner Elon Musk if it’s implemented the right way. Released just days after the bird app was marred by outages and temporary limits on the number of tweets users could view a day, Threads has already been criticised for its lack of a Following feed (it’s currently algorithmically generated) and the absence of an alt text feature for blind and visually impaired users – amongst other issues. Now, Instagram boss Adam Mosseri has confirmed his team are looking to introduce new – and much-requested – features to the app. In a post on Threads on Tuesday, he wrote: “With so many people joining [Threads] so fast these last six days (six days!) the team has been entirely focused on keeping the lights on and fixing bugs. “But we’re starting to [prioritise] the obvious missing features, like a following feed, the edit button, and post search. “We’re clearly way out over our skis on this, but the team is pumped to start shipping improvements this week.” Sign up to our free Indy100 weekly newsletter However, it’s one reply to Mosseri’s post which has got users all excited at the possibility for some delicious “schadenfreude”. Writer and photographer Craig Mod suggested: “It would be hilarious if the first thing you ship is a free edit button.” Hilarious because over on Twitter, the feature is paywalled behind a subscription to Twitter Blue – the same £11 a month offer which affords users the once-coveted blue checkmark, but also the ability to upload videos up to two hours’ long, and post tweets up to 25,000 characters in length. That’s five times the character limit on Threads, just to put that into perspective. And so, the idea of Instagram embarrassing Musk once more (in addition to the 100 million users the app boasts already in six days alone) with a free edit feature has amused many other individuals who flocked to Threads from Twitter. “This idea is giving me chaotic energy and I’m here for it,” commented one. Another claimed: “This would destroy bird app [sic].” “The one thing Twitter would NOT give us for free. Yep. That is where I would start.” Not just that, but Mosseri himself has liked Mod’s tweet. So now we wait… Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

Bitcoin miner Marathon Digital Holdings said it received another subpoena from the US Securities and Exchange Commission related