CoinObserver.net | Crypto News
Stay informed with the latest crypto news at CoinObserver.net. Get real-time BTC news, Bitcoin ETF news, and Ethereum ETF updates. Explore comprehensive coverage of Bitcoin and altcoin mining news.
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…
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…
The Countdown to Halving With less than 2 days left before the crucial half-off event, where the daily supply of bitcoin drops from 900 to 450, miners are fiercely competing to mine a block the first after the half-reduction The first “satoshi” obtained from the initial half-reduction can fetch experts millions of dollars It is…
Deutsche Bank, one of the world’s largest investment banks headquartered in Germany, conducted a notable survey regarding Bitcoin and cryptocurrencies. Interestingly, the survey indicates a gradual shift away from previously held negative sentiments towards the crypto sphere. Over half, 52%, believe cryptocurrencies will become significant investment assets. Expectations Below $20,000 by 2024 Among the intriguing…
Recent data from SoSoValue has shed light on the movement within Bitcoin spot ETFs. On March 22nd, these ETFs experienced a notable net outflow totaling $51.6 million. This movement reflects a period of uncertainty and fluctuation in the market, prompting investors to reconsider their positions. Grayscale ETF GBTC: A Singular Event One standout in this…
BlackRock, the world’s largest asset management firm, is extending its embrace of Bitcoin Exchange Traded Funds (ETFs). Following its recent application to the Securities and Exchange Commission (SEC) for the Strategic Income Opportunities Fund, BlackRock is now seeking approval for its Global Allocation Fund (MALOX) to include Bitcoin. Bitcoin Enriching BlackRock’s Strategic Investment Landscape BlackRock,…
The eagerly awaited January inflation figures in the United States have been officially disclosed, bearing significant implications for the Federal Reserve’s interest rate policies. Contrary to expectations, the annual inflation rate for January stands at 3.1%, slightly surpassing the anticipated 2.9%. This unexpected data has reverberated through various financial markets, with Bitcoin experiencing a downward…
JPMorgan’s analysis presents a cautious forecast for bitcoin mining stocks, anticipating a slowdown due to spot bitcoin ETFs. However, analysts Reginald Smith and Charles Pearce assert that while mining stocks may decelerate, they’ll likely stay linked to Bitcoin prices. Moreover, the early stages of spot bitcoin ETF trading validated this foresight, witnessing a sell-off in…
In a long-awaited announcement, the U.S. Securities and Exchange Commission (SEC) has officially disclosed its decision regarding spot Bitcoin Exchange-Traded Funds (ETFs). This regulatory approval marks a significant milestone for the cryptocurrency market. Background and Market Response Despite the anticipation of the announcement, the revelation did not trigger any substantial shifts in the Bitcoin market….
On Tuesday afternoon, a hacker targeted the U.S. Securities and Exchange Commission’s official Twitter account, unfolding an alarming event. The hacker disseminated a misleading message that falsely announced the approval of Bitcoin Exchange-Traded Funds (ETFs) by the SEC. The cryptocurrency market felt the immediate repercussions of this security breach. Bitcoin’s price surged suddenly, peaking at…
Jay Clayton, the former president of the U.S. Securities and Exchange Commission (SEC), resigned recently. However, just days before his resignation, he filed a lawsuit against Ripple in December 2020. In a recent online interview, Clayton shared insights on the agency’s potential approval of Bitcoin spot ETFs this week. Moreover, he expressed his belief that…
In a groundbreaking move, Mercari, Japan’s premier e-commerce platform, officially declared acceptance of Bitcoin payments in June. This strategic initiative aims to leverage the widespread adoption of cryptocurrencies in the Japanese market. Melcoin, Mercari’s Tokyo-based subsidiary, will facilitate payment processing for Bitcoin transactions. However, despite this significant shift, the company continues to focus predominantly on…