Thu, September 24

Pre-Halving Effect Reflected in Bitcoin’s Current Price: JPMorgan

Bitcoin is expected to undergo its fourth halving in April 2024, which will reduce the block reward from 6.25 BTC to 3.125 BTC, making new coins scarcer and more valuable. Amidst this, JPMorgan said that its upcoming halving in April 2024 is already factored into its price, and that a

February 24, 2024 2 mins read

Riot Platforms Posts $281 Million Revenue from Bitcoin Mining in 2023 

Riot Platforms, a vertically integrated Bitcoin mining and data center hosting firm, reported record revenue of $280.7 million for the year ended December 31, 2023, according to its annual report.  Riot Platforms saw an 8% increase in its total revenue from $259.2 million in 2022 to $280.7 million in 2023.

February 24, 2024 2 mins read

JPMorgan Attributes Recent Crypto Surge to Retail Trader Impulse

According to analysts at JPMorgan, the current spike in cryptocurrency prices is not due to market fundamentals or institutional investors but rather to irrational trading choices made by individual traders. On Thursday, analysts headed by Nikolaos Panigirtzoglou of JPMorgan released a report stating that, similar to stocks, they found that

February 23, 2024 2 mins read

Pyth Network Introduces Real-Time Bitcoin ETF Price Feeds

The Pyth Network has introduced its Bitcoin ETF Price Feeds to provide DeFi developers and consumers with real-time, reliable pricing data for 13 Bitcoin exchange-traded funds. For the cryptocurrency sector, the introduction of Bitcoin ETFs this year marked a major turning point. The world’s biggest cryptocurrency is now accessible to mainstream

February 21, 2024 4 mins read

VanEck’s Spot Bitcoin ETF Sees Massive Surge in Volume After Fee Reduction

A huge increase in trading volume occurred in VanEck’s fund less than seven days after the investment manager said it would be reducing the fee it charges for its spot bitcoin ETF. Eric Balchunas, a senior ETF analyst at Bloomberg, went to twitter to share his astonishment at the fund’s

February 21, 2024 1 min read

Mastercard Collaborates with Swoo Pay to Offer Crypto Loyalty Rewards

Mastercard, a payments behemoth, is collaborating with Swoo Pay, a mobile payments service that focuses on developing countries, to provide loyalty benefits in crypto. Major payment networks such as Visa and Mastercard have long allowed users to earn digital currencies as a kind of incentive, similar to loyalty points. Not

February 20, 2024 1 min read

Bitcoin Consolidates as Bulls Strongly Hold Price Over $52K Level

There has been a dramatic change in the Bitcoin liquidity scenario, especially on U.S cryptocurrency exchanges. The advent of exchange-traded funds (ETFs) in the U.S is largely responsible for the dramatic increase in liquidity shown in recent statistics. The liquidity dynamics of Bitcoin have changed significantly, with US-based crypto exchanges

February 20, 2024 2 mins read

Crypto Funds Weekly Inflows Reach $2.5B, Ether Tops Altcoin Investment

According to the most recent data from CoinShares, crypto funds managed by asset managers including BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares had record inflows of $2.45 billion worldwide last week. The new U.S. spot Bitcoin ETFs have been the most successful so far this year, bringing in $5.2 billion

February 20, 2024 1 min read

Bitcoin Futures Open Interest Surges Amid Price Rally to $52,300

Bitcoin futures have seen a significant increase in open interest on centralized exchanges, reaching a new high for the year and indicating a strong market activity and sentiment around the largest cryptocurrency. The aggregated open interest for Bitcoin futures on centralized exchanges reached $22.9 billion. This is the highest level

February 19, 2024 2 mins read

Grayscale’s GBTC Outflows Slow, Analysts Caution on Further Decline

Even if many think there’s space for further outflow, crypto asset manager Grayscale has seen a decrease in outflows from its spot Bitcoin ETF. Research from Bianco Research and Farside shows that as of February 16th, the total amount of money that has been pulled out of the Grayscale Bitcoin

February 19, 2024 1 min read