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Tom Wan, an analyst at 21co, reports that in the next three years, the era of tokenized US Treasury is going to be incredibly large and could be worth $3 billion by 2024. Growth is expected because more people are now using decentralized finance (DeFi) projects while others are using decentralized autonomous organizations (DAOs). Moreover,…
At Friday morning’s open the price of bitcoin fell below $54k. New investor groups, unable to handle the volatility in the market, were mostly responsible for the fall according to Caua Oliveira an analyst at CryptoQuant. Oliveira highlighted that the bankruptcy management of the Mt. Gox exchange began transferring tens of thousands of Bitcoin to…
After the April halving event, there was a significant decrease in earnings for Bitcoin miners, however, there was a spike in sales for Bitcoins at the start of this month. Recent on-chain data analysis reveals that such sales are declining even further. Initially, miners withdrew around 50,000 bitcoins from exchanges every day, but now these…
It seems that Michael Dell, an American entrepreneur and founder of Dell Technologies, is embracing Bitcoin. Recently on social media platform X, he tweeted “Scarcity creates value” and retweeted a tweet by Michael Saylor who is known to be a pro-Bitcoin evangelist. For years, Dell has been a leading provider of computer and software technology….
In the evening hours yesterday, Bitcoin had a steep decline with its price sliding to roughly $68,000. Investors were concerned because everything looked good but then this sudden decline happened. Therefore what caused it? Why is Bitcoin Falling? The reason Bitcoin’s price dropped recently was because of better-than-expected non-farm payroll data print in the USA….
Increasing Global Acceptance of Bitcoin-Based Products Nations across the globe are beginning to approve products modeled on Bitcoin. Most recently, Thailand has come on board citing the rapid rise of crypto adaptation in the country. Thailand’s Securities and Exchange Commission (SEC) has allowed a company that wanted to operate a Bitcoin spot exchange-traded Fund (ETF)….
In recent days, reports unveil El Salvador’s venture into Bitcoin mining, leveraging geothermal energy. The nation, currently holding 5750 BTC, mined 474 Bitcoins since 2021 through geothermal means. Notably, El Salvador’s Bitcoin stash is valued at approximately $355 million. Embracing Bitcoin: El Salvador’s Progressive Move El Salvador’s embrace of Bitcoin as a legal tender alongside…
Major Bitcoin owners made extraordinarily large purchases in a single day, totaling 47,500 BTC. CEO of CryptoQuant Ki Young Ju offered shrewd analysis, predicting a dramatic change in the market environment. Bitcoin Resilience: Less Stress from the Fed Bitcoin has surpassed $64,500 today, solidifying its position as the most popular cryptocurrency despite earlier losses. Since…
JPMorgan, a well-known bank among the biggest in the world and the United States, has released a study indicating that it will take a “cautious and prudent” approach to Bitcoin in the future. Bank analysts emphasize the persistent strength of the prevailing variables limiting Bitcoin’s rise in this research. But in the complex dynamics of…
Following the halving event, where miner rewards were halved, approximately 10 days ago, an individual miner successfully found a block solo, securing both the reward and transaction fees, amounting to nearly $220,000. Solo Success Amidst Diminishing Odds While the number of individual miners dwindles daily, they occasionally achieve solo block discoveries. Last night, a miner…
Investor and cryptocurrency analyst Arthur Hayes reaffirmed his optimistic outlook in a recent blog article. Because of the US elections and the depreciation of the major foreign currencies, there was early skepticism, but Hayes boldly predicted that prices would keep rising until they reached ludicrous levels. Hayes’s Confident Manner In his most recent blog post,…
Greyscale, the world’s largest asset manager, is challenging to maintain its dominance in the spot bitcoin ETF market. Despite a significant capital withdrawal from the GBTC core, Greyscale remains adamant. Ten has unveiled plans for a smaller bitcoin ETF that features more competitive fees, to fend off competition from rivals. Grayscale’s Response to Market Trends…