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EIA Launches ‘Emergency Survey’ on Crypto Mining’s Power Use Amid Concerns of Alleged ‘Public Harm’
1.2.2024
The U.S. Energy Information Administration (EIA) has gained clearance from the Office of Management and Budget (OMB) to conduct an urgent survey regarding electricity usage by cryptocurrency mining firms across the U.S. The EIA submitted this request on the grounds that “public harm...
Bitcoin’s Hashrate Hits 7-Day Record High, Surging to 566 EH/s Amid Anticipation of Upcoming Difficulty Adjustment
1.2.2024
Bitcoin’s computing power has soared to unprecedented levels, with the seven-day simple moving average (SMA) peaking at 566 exahash per second (EH/s) as of Jan. 30, 2024. Despite experiencing a slight decline in mid-January, the network’s hashrate is on an upward trajectory,...
Tether’s ‘Record-Breaking’ Q4 Profit Partly Attributed to Gold and BTC Price Appreciation
1.2.2024
In the last quarter of 2023, Tether Holdings Limited registered a “record-breaking net profit of $2.85 billion.” Overall, the stablecoin issuer’s net profit in 2023 topped $6.2 billion. Tether’s secured loans ($4.8 billion), which are collateralized by highly liquid...
Doom’s Unconventional Journey: Now on Bitcoin, Dogecoin, and Gut Bacteria
1.2.2024
The iconic first-person shooter game Doom has surpassed traditional platforms and made it onto blockchain networks like Bitcoin and Dogecoin. Using protocols like Ordinals, enthusiasts have inscribed simplified versions of Doom on the Bitcoin (BTC) network. Ordinals refer to a relatively recent...
Core Scientific Becomes North America’s Largest Listed Bitcoin Producer, Generating 19,274 BTC in 2023
1.2.2024
Core Scientific has cemented its position as the largest listed Bitcoin (BTC) producer in North America, generating an impressive 19,274 BTC in 2023. In a recent post on X (formerly Twitter), the crypto miner said 13,762 BTC were mined by the company itself in its state-of-the-art data centers...
Bitcoin Price Prediction: BTC at $42,000 Amid PBOC Moves; Fed Keep Rate Steady at 5.50%
1.2.2024
On Thursday, Bitcoin price prediction remains a hot topic, especially as BTC hovers around the $42,000 mark, despite a recent 2% dip. This market activity unfolds against a backdrop of significant global financial events, including the Federal Reserve’s decision to maintain interest rates...
Top Crypto Gainers Today on Uniswap – PORK, LARRY, SOUTH
1.2.2024
PepeFork, LarryCoin and DeepSouth AI are the top crypto gainers today on DEXTools as the broader crypto market drops on Wednesday. Bitcoin (BTC) was last down around 1.6% under $43,000 after Fed Chair Powell pushed back against a March rate cut. After the Fed left interest rates unchanged...
Best Crypto to Buy Now January 31 – Chainlink, Ronin, Mina
1.2.2024
While blue-chip cryptocurrency markets are pulling lower in wake of a hawkish Fed policy announcement, Flare (FLR), Monero (XMR) and Ronin (RON) are still in the green, making them amongst the best crypto to buy now. Bitcoin (BTC) was last down around 1.6% under $43,000 after Fed Chair Powell...
Bitcoin Price Dips as Fed Chair Powell Says March Rate Cut Unlikely – Where Next for BTC?
31.1.2024
The Bitcoin (BTC) price has dipped back below $43,000 in wake of hawkish comments from Fed Chairman Jerome Powell, who on Wednesday commented that he doesn’t think it likely the FOMC will be confident enough to cut US interest rates as soon as March. ⚠️ Powell: Not Likely Committee Will...
Rich Dad Poor Dad Author Explains Why He Owns Bitcoin Over Stocks
31.1.2024
Robert Kiyosaki – author of the famous personal finance book Rich Dad Poor Dad – has come out with another statement in support of Bitcoin (BTC) as a superior money and investment asset compared to traditional stocks. “Bitcoin is protection against the theft of our wealth via our money,” read...
Grayscale’s Bitcoin Trust Sees Reduction Slowdown as New ETFs Gain Ground With Over 160,000 BTC Acquired
31.1.2024
In the most recent update, Grayscale’s Bitcoin Trust (GBTC) experienced a decrease of 4,461.36 bitcoin, valued at approximately $190.53 million, over the past day. Since Jan. 12, 2024, GBTC has observed a cumulative reduction of about 124,967.54 bitcoin, equivalent to an estimated $5.33...
Bitcoin Technical Analysis: A Collision of Signals and Macro Decisions Ahead of Fed Ruling
31.1.2024
Over the past 60 minutes, bitcoin’s trading value has fluctuated between $42,525 and $42,715, demonstrating a dynamic price range. Its 24-hour price swing extends from a low of $42,340 to a high of $43,853. Currently, bitcoin boasts a market capitalization of $834 billion, coupled with...
First Mover Americas: BTC Loses $43K as Crypto Prices Slip
31.1.2024
The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 31, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
CME Group Bitcoin Futures’ Open Interest Slides 24% as Spot ETFs Gain Traction
31.1.2024
The launch of Bitcoin (BTC) spot exchange-traded funds (ETFs) in the United States has impacted investor demand for Bitcoin futures, leading to a decline in open interest. Data compiled by Bloomberg reveals that open interest in CME Group Bitcoin futures contracts dropped by approximately...
Woman Accused of Laundering Bitcoins for Chinese Fraudster Goes on Trial in the UK
31.1.2024
A British citizen recently went on trial in the U.K. for laundering bitcoins on behalf of a fugitive Chinese fraudster, Yadi Zhang. Prosecutors insist that Jian Wen was aware that Zhang’s bitcoins were acquired using stolen funds. However, Wen defended her actions and said she thought Zhang...
Experts Warn of Financial System Risks as Bitcoin ETFs Bridge Gap between Crypto and TradFi
31.1.2024
The recent launch of exchange-traded funds (ETFs) tracking Bitcoin (BTC) has sparked concerns among experts about the potential risks that could emerge as cryptocurrencies become further intertwined with the traditional financial system. The Securities and Exchange Commission (SEC) approved 11 spot...
Bitcoin and Ethereum Price Prediction as BTC Spikes Up 10% and ETH Approaches $2,500 – Time to Buy?
31.1.2024
  Bitcoin and Ethereum price predictions Amidst a rally that has seen Bitcoin (BTC) spike over 10%, crossing the $43,000 threshold, and Ethereum (ETH) approach the $2,500 mark, the crypto market is riding a wave of bullish momentum. This surge sparks an intense focus on Bitcoin and Ethereum...
Bitcoin ETFs Net $255 Million Daily Inflows As Grayscale Sell-off Cools
30.1.2024
U.S. Bitcoin ETFs met a tsunami of inflows on Monday as Bitcoin (BTC)’s price came roaring back above $43,000. The asset absorbed $255 million of net flows across all ten publicly traded spot ETFs that launched on January 11. That even factors in the Grayscale Bitcoin Trust (GBTC) – the oldest...
Bona Fide Wealth President Defines Bitcoin as ‘Digital Gold,’ Discusses Showdown Between Crypto Natives and Traditional Finance
30.1.2024
Douglas Boneparth, the president and founder of Bona Fide Wealth, recently articulated his perspective on bitcoin, describing it as a digital equivalent of gold or a store of value in the digital realm. In addition, Boneparth further highlighted the contrasts in approach between traditional trade...
Best Crypto to Buy Today January 30 – Bittensor, Sui, Sei
30.1.2024
With cryptocurrencies in a bullish mood on Tuesday, investors are on the hunt for the best crypto to buy today. Bitcoin (BTC) continues to hold at two-week highs the mid-$43,000s, comfortably above its 21 and 50DMAs. Concerns about Grayscale sell pressure has faded this week as outflows from GBTC...