The comment by prominent investor Peter Schiff that Bitcoin, the most valuable digital asset by market cap, would not be able to maintain its psychologically significant support level of $60,000 has started trending. The Bitcoin skeptic began his piece by assuming that the recent decline in gold prices has ended.
As part of its efforts to encourage wider adoption of cryptocurrencies, Bitcoin payments platform Strike has revealed plans to expand its services to clients in Europe. The business announced the expansion to qualified European consumers in a recent announcement. In an effort to bring more people in Europe into the
Two Spot Bitcoin & Ethereum ETF pairings have been approved by the Hong Kong Securities and Futures Commission (SFC), marking a significant decision. Leading figures in the conventional banking and cryptocurrency sectors, Boshi Funds and HashKey Capital Limited, have banded together to launch this groundbreaking initiative. Also, ChinaAMC’s Bitcoin and
Block, Jack Dorsey’s digital payments company, has completed development of a three-nanometer Bitcoin mining chip. The company is now working with a top global semiconductor foundry to finalize the design of the chip. Block mentioned: “With our design showing competitive performance, we are proceeding with the full tapeout. Our mining
While Bitcoin has gained greater institutional acceptance with the recent ETF launches in the US, it is still not a pure institutional asset, and it is not a pure commodity like gold. It is so much more: secure, decentralized, and programmable value. Zulu Network believes that Bitcoin can be so
Following last week’s selling pressure, Bitcoin (BTC) mounted a robust comeback over the past weekend, rising as high as $66,000. Evidently, experts are keeping an eye on Bitcoin to see whether it will soon experience strong momentum in one way or the other. There is considerable upward pressure from here
Even after the latest halving event, Bitcoin skeptic Peter Schiff continues to criticize the cryptocurrency. Schiff draws attention to the problems with Bitcoin that, in his opinion, are the cryptocurrency’s most basic function. The enormous rise in the cost of making a Bitcoin transaction—now at a whopping $128—is his main
After the successful Bitcoin halving this past Friday, the blockchain reached a total of 840,000 blocks. The halving event also reduced the mining reward to 3.125 bitcoin per block. The advent of this event has cast a shadow on the efforts of bulls to push BTC’s price towards the $100,000
The Grayscale Bitcoin Mini Trust ETF is expected to have the lowest market fee at 0.15%. The move has received a lot of support from investors and will probably help Grayscale gain a strong grip on the market. Grayscale plans to launch its Grayscale Bitcoin Mini Trust with a 0.15%
The amount of bitcoin that miners have on hand has dropped significantly, according to statistics published by IntoTheBlock. The market recently witnessed the highly anticipated halving event for Bitcoin, and these reserves are at their lowest level in the previous 12 years. The top three mining pools, which include Viabtc,
