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ASICRUN Miners Tout “Unparalleled Mining Performance” as Fight For Efficiency Intensifies
16.11.2023
Image Source: Pixabay Hong Kong-based crypto technology company ASICRUN has released its latest offerings, which reportedly boast “unparalleled mining performance.” In a Wednesday press release, the company said its latest offerings, the AR1, AR2, and EliteAR ASIC miners, stand out...
Bitcoin Prediction as Bulls Push Price Towards New Yearly Highs – Can BTC Hit $40,000 Soon?
15.11.2023
Bitcoin (BTC) Chart / Source: TradingView Bitcoin (BTC) is pumping on Wednesday, as mass liquidations of leveraged traders’ positions continue to drive large swings in the market. The BTC price was last trading around $37,700, up more than 6% on the day and around 7% versus Tuesday’s lows just...
Bitcoin Wallets Created Before 2016 May Be Vulnerable – Billions at Risk?
15.11.2023
Source: AdobeStock / Zerbor The US-based cybersecurity firm Unciphered has warned users globally that their bitcoin (BTC) wallets created before 2016 may be in danger – as are billions in BTC. Early crypto adopters and participants in a number of blockchain platforms between 2011-2015 may...
US SEC to Decide on Two Spot Bitcoin ETFs by Nov. 17
15.11.2023
Source: Pixabay / tombark The U.S. Securities and Exchange Commission is scheduled to announce its decisions on two Bitcoin exchange-traded funds (ETFs) by Nov.17, according to Bloomberg Intelligence. Okay, we're nearing in on deadline dates for 3 spot #Bitcoin ETF applications. I want to...
Crypto Mining Profitability Soars as Miners Rake In Record $32 Million in Revenue in One Month
14.11.2023
Image Source: Pixabay The crypto mining industry is experiencing a surge in profitability, with miners earning a record $32 million in revenue in the past month. The hashrate, a measure of the computational power needed to mine a coin, has reached an all-time high, indicating that miners are using...
Bitcoin Price Prediction as US Core Inflation Rate is Announced – Is the Bear Market Officially Over?
14.11.2023
Bitcoin (BTC) Chart / Source: TradingView Bitcoin (BTC) is trading at daily lows in the $36,100s in wake of the release of the latest US inflation figures for October, despite the numbers coming in lower than expected across the board. The headline Consumer Price Index (CPI) showed prices remaining...
Institutional Investors Flock to Bitcoin Pushing Inflows Past $1 Billion in 2023
14.11.2023
Source: Adobe / Alex Total inflows into traditional investment funds backed by crypto have finally passed the $1 billion mark for the year, after last week saw investors flocking to Bitcoin. For the week as a whole, crypto investment funds recorded inflows of $293 million, bringing the year-to-date...
Bitcoin Price Prediction as Bulls Try to Hold $37,000 Support – Here are Key BTC Levels to Watch
13.11.2023
Weekly Bitcoin (BTC) Chart / Source: TradingView The Bitcoin (BTC) price, last trading in the $36,700s, continues to take a breather after breaking out to fresh yearly highs near $38,000 last week, as investors book profits ahead of the release of US Consumer Price Index (CPI) on Tuesday. Risk...
Bitcoin Miners’ Daily Profits Top $44 Million, Reaches Highest Point Since April 2022
13.11.2023
Source: AdobeStock / Photocreo Bednarek The cryptocurrency market has recorded soaring prices in recent weeks sparking wins spanning across miners’ profits, decentralized finance (DeFi) numbers, and larger investor appetite. Global Bitcoin (BTC) miners have seen mining profits soar to new highs...
Binance Client Execs Abducted and Forced to Empty Crypto Wallets, CZ Freezes Funds
13.11.2023
Source: Pixabay Executives from a client company of Binance were kidnapped to Montenegro and lured into a massive $12.5 million crypto robbery. According to Changpeng Zhao (CZ), CEO of Binance, the kidnappers lured senior staff from one of Binance’s client companies onto a ‘business trip’...
Spot Bitcoin ETF Approval Could Come ‘This Week’ – Nate Geraci
13.11.2023
Source: AobeStock/24K-Production President of advisory firm The ETF Store, Nate Geraci, thinks that the long-awaited approval for a spot Bitcoin ETF could get approval from the SEC this week. Bitcoin has experienced an impressive 40% surge over the past month fueled by heightened anticipation...
Bitcoin Price Prediction as BTC Experiences a Pullback to $37,000 – Time to Buy the Dip?
12.11.2023
Bitcoin (BTC) Chart / Source: TradingView After briefly dipping below the $37,000 level late on Saturday, the price of Bitcoin (BTC) has recovered back into the low $37,000s, where it continues to trade around 2% lower versus the 18-month highs it hit earlier in the week near $38,000. Despite...
Bitcoin Price Prediction as $20 Billion Sends BTC Toward $40,000 – Has the Bull Market Started?
11.11.2023
Bitcoin (BTC) Chart / Source: TradingView The Bitcoin (BTC) bulls are taking a breather on Saturday, with the cryptocurrency moving sideways just below the yearly highs it printed earlier this year near $38,000, with BTC last changing hands for around $37,150. The cryptocurrency remains on course...
Bitcoin Price Prediction as BTC Market Cap Climbs Above $700 Billion for the First Time in 17 Months – Bull Market Back?
10.11.2023
Bitcoin (BTC) Chart / Source: TradingView A near 8% surge in the price of Bitcoin (BTC) in the past seven days has seen its market capitalization jump by more than $50 billion to above $700 billion for the first time in seventeen months. The cryptocurrency’s market cap was last around $729 billion...
Michael Saylor and MicroStrategy See Massive Returns on Bitcoin Investment, Crossing $1.1B Mark
10.11.2023
MicroStrategy’s early investment in Bitcoin has resulted in massive unrealized gains for the company. Image by JorgeEduardo, Adobe Stock. The price of Bitcoin has risen substantially in recent weeks, pushing the value of MicroStrategy’s Bitcoin holdings above $5.8 billion. The rally...
Bitwise Has No Connection With Now-Defunct Bitwise Industries
10.11.2023
Source: Pexels Crypto fund manager Bitwise Asset Management has insisted that it “has no relationship” with the now-defunct technology company Bitwise Industries. The reply comes amid a probe conducted by the US Securities and Exchange Commission (SEC) on Bitwise Industries. The regulator accused...
Why did Satoshi Nakamoto invent Bitcoin after the 2008 crisis?
10.11.2023
Bitcoin has been the face of the crypto industry ever since its inception. Now that digital assets are gaining mainstream adoption, BTC is leading the industry on numerous fronts. But the majority of crypto enthusiasts are oblivious to the origins of this worldwide phenomenon. Bitcoin made...
Bitcoin revolution centers on the changing financial landscape
10.11.2023
Bitcoin Whitepaper completed its 15 years on October 31, this Halloween season. It was even met with a spicy tease from Gary Gensler, the Chair of the SEC. It has been so long since Satoshi Nakamoto published their first paper, Bitcoin: A Peer-to-Peer Electronic Cash System. The world has changed...
Bitcoin Price Prediction as BTC Price Reverses on Anticipation That BlackRock To Apply for Spot Ethereum ETF – Here Are the Key Levels to Watch
9.11.2023
Bitcoin (BTC) Chart / Source: TradingView While it continues to trade roughly 1% higher on the day, Bitcoin (BTC) has seen an abrupt reversal back from the new year-to-date highs it hit close to $38,000 and was last trading just above $36,000. Traders put the abrupt reversal down to reports that...
JPMorgan Analysts Say Bitcoin Rally ‘Overdone’, Question Crypto Market Fundamentals
9.11.2023
JPMorgan analysts are unconvinced by Bitcoin’s price rally. Image by Waqas, Adobe Stock. In a report published Wednesday, JPMorgan analysts cast doubt on the sustainability of the latest bitcoin rally, stating that the sharp gains look ‘overdone’ relative to...