Author: GT

The recent bitcoin (BTC) price rally above $90,000 might have some holders eyeing a run to a new record topping the $109,000 hit in January. However, the path higher may not be so straightforward. The latest analysis by Glassnode shows potential for increased selling pressure from some groups of market participants at around $99,900. For a start, long-term holders — defined by Glassnode as wallets that have held coins for at least 155 days — may take profits at $99,900. This aligns with their historical behavior of selling at price levels that deliver roughly 350% paper gains. “Historically, LTHs begin…

A pump jack operates near a gas turbine power plant in the Permian Basin oil field outside of Odessa, Texas, U.S. February 18, 2025. Eli Hartman | ReutersU.S. onshore oil production has likely peaked and will start to decline due to the recent plunge in crude prices, jeopardizing the nation’s position as the world’s largest fossil fuel producer and its energy security, the CEO of Diamondback Energy told shareholders in a letter this weekU.S. crude oil prices have tumbled about 17% this year as recession fears due to President Donald Trump’s tariffs weigh on demand expectations. At the same time, OPEC+…

Hasan Sukkar, the founder of AI startup 11x, is stepping down from his role as CEO, Sukkar announced on LinkedIn this morning. Prabhav Jain, 11x’s CTO, has been named the company’s new CEO.  Sukkar will move into a “non-executive chairman” position, where he will work with Jain on “strategic direction, product vision, industry relationships, and opening new market opportunities,” Sukkar wrote on LinkedIn, helping 11x in any way he can “into the future.”  “I’ve spent a lot of time thinking about what it takes to go from a fast growing startup to an enduring enterprise grade scale-up, and I have…

Educational institutions across New Mexico are facing a growing cyber threat landscape, mirroring a troubling pattern seen nationwide. Recent network intrusions targeting multiple schools and universities in the state have raised significant concerns about digital security in educational environments. These sophisticated attacks have disrupted administrative systems while carefully avoiding interference with student learning platforms, suggesting a strategic approach by the threat actors. The attacks typically begin with unauthorized network activity during evening hours or weekends when monitoring may be reduced. Security experts note that the intrusions follow a pattern of lateral movement through administrative networks, with attackers establishing persistence…

LONDON (AP) — Skype is dead. What now? Microsoft’s shutdown of Skype on May 5 sent millions of users scrambling to find an alternative to the pioneering internet phone service. Skype, which Microsoft bought in 2011, was beloved by a dwindling group of users who appreciated how it let them make cheap long-distance calls as well as communicate with other users through chat messages, voice or video calls.Some liked its simplicity and ease of use — an advantage, for example, when setting up a communications app for an elderly parent living far away. Or they just used it out of…

Figment, a major player in blockchain staking services, is actively looking to buy companies in a spree of crypto industry consolidation sparked by renewed optimism over U.S. regulatory clarity. The Toronto-based firm is targeting acquisitions between $100 million and $200 million, with a strong regional presence or within blockchain ecosystems, such as Cosmos and Solana, CEO Lorien Gabel told Bloomberg. He said the firm already has term sheets out for some deals, the report added. Figment helps institutions earn rewards by staking, whereby tokens are locked to help secure blockchain networks and validate transactions supported by networks. The company currently…

Coterra Energy is cutting back on its oil drilling in response to sagging crude prices and spending more on natural gas production — but that move, announced alongside first-quarter results, is being overshadowed by some operational concerns and leading to a stock sell-off Tuesday. Revenue in the first quarter increased 33% year over year to $1.9 billion, short of the $1.97 billion consensus estimate, according to LSEG. Adjusted earnings per share of 80 cents in the three months ended March 31 matched expectations, LSEG data showed. On an annual basis, adjusted EPS increased 56.9%. Free cash flow of $663 million…

YouTube is testing a new two-person Premium subscription plan in select countries, the company confirmed to TechCrunch on Monday. The tier is being piloted in India, France, Hong Kong, and Taiwan. The news was first reported by Money Control. “We’re experimenting with new ways to provide greater flexibility and value to our YouTube Premium subscribers, including offering a two-person Premium plan option in some countries, allowing two people to share a subscription at a reduced cost,” a YouTube spokesperson said in a statement to TechCrunch. Similar to Spotify’s Duo subscription tier, YouTube’s new plan allows two people who live together…

The U.S. Justice Department is doubling down on its attempt to break up Google by asking it to give up the underlying technology powering the company’s digital ad network. The proposed remedy joins a separate federal effort to separate the Chrome browser from its dominant search engine.The government’s latest proposal was filed late Monday in a Virginia federal court two-and-half weeks after a federal judge ruled that parts of its lucrative digital ad network have been improperly abusing its market power to stifle competition to the detriment of online publishers.In a 17-page filing, Justice Department lawyers argued that U.S. District…

Florida has withdrawn two bills related to the creation of a state-level strategic bitcoin (BTC) reserve. House Bill 487 and Senate Bill 550 have been “indefinitely postponed and withdrawn from consideration,” according to the state Senate website. The two bills, which were both filed in February, sought to allow investment of public funds in BTC. Florida joins numerous other states, such as Wyoming, Pennsylvania and Oklahoma, which have seen bills related to BTC investments fail to clear the legislative process, according to Bitcoin Laws. There are a string of other states with outstanding bills, most of which remain in the…