Thu, September 3

Bitcoin (BTC) Makes New Yearly High of $31.5K. What’s Next?

Bitcoin, the leading cryptocurrency, achieved a trading rate of $31,500 on July 6th, marking a 13-month high and demonstrating a rapid 2 percent increase within a single hour. Analyzing the trading movements in the crypto market, Bitcoin’s RSI (Relative Strength Index) is currently above 64.26, suggesting that BTC is approaching

July 6, 2023 1 min read

U.S. SEC to Reportedly Meet Spot Bitcoin ETF Applicants Next Week

The U.S. SEC will meet with BlackRock, Fidelity Investments, and other spot Bitcoin ETF registrants next week. After resubmitting their applications to the U.S. SEC, all spot ETF hopefuls have now included information on their surveillance-sharing partners and other prerequisites. Bloomberg’s ETF experts Eric Balchunas and James Seyffart tweeted on

July 6, 2023 2 mins read

Bitcoin Miners Generate $184M Revenue from Transaction Fees in Q2

Coin Metrics reports that this quarter, because of the rise in the value of BRC-20 tokens and Ordinals, Bitcoin miners have reaped an unexpected profit of several million dollars in transaction fees. Crypto analytics company claimed a previously “tepid fee market” for Bitcoin miners has been unexpectedly disrupted with its

July 6, 2023 2 mins read

A New Era of Bitcoin Mining: How This Country is Reshaping the Landscape?

The crypto market has gained significant attention around the world. Countries are continuing to utilize digital assets and carry out strategies to attract traders, investors, and cryptocurrency companies. As the world continues its rapid shift towards digital currencies, the United Arab Emirates (UAE) has emerged as a leading destination for

July 6, 2023 4 mins read

Twitter Receives First Money Transmitter License in Three U.S States

It seems that Elon Musk’s Twitter business, Twitter Payments LLC, has been granted its first money transmitter licenses in the states of Michigan, New Hampshire, and Missouri. A money transmitter license is required before a business may provide money transfers or other forms of electronic payment. This is not the

July 6, 2023 2 mins read

Breaking : BlackRock CEO Larry Fink Says Bitcoin Is an International Asset

BlackRock CEO Larry Fink expressed his positive outlook on cryptocurrencies in a recent interview with Fox Business, specifically referring to Bitcoin (BTC) as an “international asset” and endorsing the idea of crypto serving as “digital gold.” Further, Fink highlighted the potential of cryptocurrencies. Saying, “I do believe that the role

July 6, 2023 1 min read

ProShares Bitcoin Strategy ETF Yet Again Surpasses $1B AUM

Assets under management (AUM) for the ProShares Bitcoin Strategy ETF (ticker symbol: BITO) have risen back beyond $1.04 billion thanks to massive inflows over the last few weeks. According to ETF.com, on June 29 investors put in $14.9 million, and on July 3 they put in another $11.9 million. Since

July 5, 2023 2 mins read

Bitcoin Shrimps Stack 33K BTC, Bull Run Incoming?

In the face of recent market volatility and downward pressure on Bitcoin’s price, a remarkable trend has emerged among retail investors, affectionately dubbed the ‘shrimps.’ The Shrimps who possess less than 1 BTC each, have been steadfastly accumulating the king coin at an impressive rate of 33,800 BTC per month.

July 5, 2023 2 mins read

Meta (Facebook) All Set to Launch Twitter Rival ‘Thread’ on July 6

Only days after Twitter’s “rate limit” occurrence, which temporarily curtailed how many tweets users may view each day, Meta intends to debut its new Twitter competitor, Threads, on July 6. A Meta-launched countdown site suggests that the launching of the platform, which is deeply integrated with the Instagram picture and

July 5, 2023 2 mins read

MicroStrategy Hits $200 Million Profit in Bitcoin Investments Amid BTC Surge

MicroStrategy, the most complete and expansive analytics platform, has emerged as a prominent player in the world of Bitcoin investments. The company has gained more than $200 million With its Bitcoin (BTC) investment. When it comes to Bitcoin investment, MicroStrategy has been one of the most consistent. Over the past

July 5, 2023 2 mins read