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51% Attacks on Bitcoin and Ethereum Networks Are Not Possible Due to Impractical Costs: Coin Metrics
16.2.2024
It is no longer viable for nation-states to destroy the Bitcoin (BTC) and Ethereum (ETH) networks through 51% attacks. According to the latest research from crypto intelligence firm Coin Metrics, the astronomical costs required to carry out such attacks make them impractical and unprofitable. A...
Blackrock’s Bitcoin ETF Holdings Near 110K BTC
16.2.2024
Blackrock has amassed nearly 110,000 bitcoins for its spot bitcoin exchange-traded fund (ETF), Ishares Bitcoin Trust (IBIT), since its launch about a month ago. The world’s largest asset manager’s bitcoin ETF has a total net inflow of nearly $5 billion, leading the pack among all spot...
FinCEN Finds Increased Cryptocurrency Involvement in Human Trafficking
16.2.2024
The Financial Crimes Enforcement Network (FinCEN) has released an analysis that reports an alleged increase in the use of cryptocurrency in human trafficking cases. According to FinCEN, reports of cryptocurrency linked to these purposes grew from 336 in 2020 to 1,975 in 2021, an increase of almost...
Top Crypto Gainers Today on DEXTools – DxFund, CDY, XPAY
15.2.2024
Top Crypto Gainers Today on DEXTools While blue-chip cryptocurrencies continue to carve a path to fresh multi-year highs as the bulls remain very much in control, crypto degens looking for even faster gains continue to scour DEXTools for top crypto gainers today. BTC pumped towards $53,000...
Bitcoin Price Prediction as BTC Pumps 20% in 7 Days – Time to Buy Bitcoin?
15.2.2024
Bitcoin Price Prediction In a week marked by a 20% surge in Bitcoin’s price, BTC currently trades around $52,000, demonstrating modest growth and maintaining its position as the market leader with a valuation exceeding $1 trillion. This period of slight growth amidst a volume of $37.66...
Bitcoin’s Latest Difficulty Retarget Jumps 8.24%: Miners Navigate the Toughest Mining Landscape Yet
15.2.2024
Bitcoin’s mining difficulty has hit an unprecedented peak, marking the most significant jump of 2024. On Thursday, at the milestone of block 830,592, the network experienced its fourth adjustment this year with a sharp 8.24% uptick. Bitcoin Mining Difficulty Skyrockets, Setting New Records...
CryptoQuant Projects $56,000 as Next Target For Bitcoin Price Following ETF Inflows
15.2.2024
CryptoQuant analysts expect Bitcoin (BTC) to soar above $56,000 as its next significant price level after moving past $50,000. New market research from on-chain analytics firm CryptoQuant shows massive inflows into the digital asset market in the past weeks as institutional investor confidence...
Best Crypto to Buy Today February 15 – VET, BGB, LUNC
15.2.2024
As the rally in major cryptocurrencies like Bitcoin and Ether extends to Thursday, traders hunting for the best crypto to buy today continue to scour smaller-cap altcoin markets for opportunities. BTC pumped towards $53,000 on Thursday on continued optimism surrounding strong spot ETF flows....
Bitcoin Soars Above $52K, Yet Public Interest Shows Decline, Google Trends Data Reveals
15.2.2024
As bitcoin’s value surged to $52,545 this week, the fascination with it appears subdued, with Google Trends indicating a low level of interest. Currently, global metrics from the last 90 days reveal the search term “bitcoin” holds a score of 36 out of 100, significantly less...
Gensler Hesitates on Ethereum ETFs, Cites Court Loss as Reason for Bitcoin ETF Approval
15.2.2024
Securities and Exchange Commission (SEC) Chair Gary Gensler has remained tight-lipped regarding spot Ethereum (ETH) exchange-traded funds (ETFs). When questioned about the possibility of a decision and the timeline for approval, Gensler said that the process would follow the same approach...
BlackRock’s daily volume for BTC ETF peaks at $720 million
15.2.2024
BlackRock is expected to close the market at a total volume of $5 billion. The predicted estimate is based on the number for February 14, 2024, when IBIT—that is, iShares Bitcoin Trust—bagged a daily volume worth $720 million. That is the highest figure since the time of the launch of IBIT....
Stablecoins Are the ‘Biggest Misnomers’ and ‘Oxymorons’ Says New Zealand Central Bank Governor
15.2.2024
The New Zealand Central Bank governor, Adrian Orr, recently branded stablecoins “the biggest misnomers” and “oxymorons.” Orr also rejected the notion that cryptocurrencies could serve as a replacement or supplement to central bank-issued money. Stablecoins Not a Viable...
Gold ETFs See $2.4 Billion in Outflows While Bitcoin ETFs Thrive
15.2.2024
Gold exchange-traded funds (ETFs) have faced significant outflows this year, while ETFs tracking the spot price of Bitcoin (BTC) have seen strong inflows. According to Bloomberg intelligence analyst Eric Balchunas, the leading 14 gold ETFs have experienced outflows of $2.4 billion in 2024 as...
Bitcoin Price Prediction: BTC Hits $52,000; Surges with ETF Inflows & Coinbase’s Q4 Optimism
15.2.2024
Recently, Bitcoin surged past the $52,000 mark, a significant milestone that not only underscores its growing appeal but also highlights the robust inflows into U.S. spot Bitcoin exchange-traded funds (ETFs). This surge, coupled with a bullish sentiment from anticipated strong Q4 results from...
Bitcoin Ransomware Takes Down 100 Romanian Hospitals Offline, Hackers Demand 3.5BTC
15.2.2024
More than 100 hospitals in Romania were affected by a crypto ransomware attack on Tuesday, the National Cyber Security Directorate (DNSC) confirmed. The unidentified perpetrators have demanded 3.5 Bitcoin (BTC), or about $180,000, to decrypt the data. The ransomware took down over 100 hospitals...
Bitcoin Long-Term Holders Spend 300k BTC Amid Multi-Year Highs, Losses Thin Out
14.2.2024
Almost all Bitcoin long-term holders are back in the black this week after the leading digital asset resurged above $50,000 on Monday for the first time since December 2021. That’s despite a major market pullback last month following the launch of several Bitcoin spot ETFs, characterized by many...
Bitcoin Surpasses $52,000, Crosses $1 Trillion Market Cap—What’s Driving The Surge?
14.2.2024
On Wednesday, Bitcoin soared past the $52,000 mark, propelling its market cap beyond the $1 trillion milestone. This leap occurred in the wake of spot Bitcoin ETF approvals and in anticipation of the expected halving event in April. The recent climb marks a major milestone, as Bitcoin’s...
Bitcoin Price Prediction as BTC Blasts Past $50,000 – New All-Time High Soon?
14.2.2024
Bitcoin Price Prediction In the ever-evolving landscape of cryptocurrency, Bitcoin has once again captured the spotlight, surging beyond the $50,000 threshold to solidify its market standing. The recent price rally to $51,740.00, a 4.53% increase within a mere 24-hour window, ignites discussions...
Bitcoin Mining Company Phoenix Group Reports 50% Net Income Increase and 20% Sales Growth
14.2.2024
After its oversubscribed initial public offering (IPO), Phoenix Group, a Dubai-based company specializing in bitcoin mining and blockchain infrastructure, has announced a significant 50% increase in net income. The firm further revealed a 20% increase in its annual sales compared to the previous...
Best Crypto to Buy Today February 14 – DYM, SEI, STX
14.2.2024
As the crypto market continues to see positive momentum, analysts are watching for potential prospects among the best crypto to buy now. Image by cryptonews.com As the Bitcoin (BTC) price pumps to new two-year highs on strong spot Bitcoin ETF inflows, investors looking to secure faster near-term...