The sudden surge from multi-month lows in the $25,000 range to fresh annual highs above $32,000 in BTC prices was sparked by the influx of new spot Bitcoin ETF applications from respectable financial institutions in June. However, according to statistics provided by The Block, Bitcoin’s annualized 30-day price volatility is
Custodia stated on Friday that it is now taking deposits in U.S. dollars from clients in certain locations and will shortly begin providing Bitcoin custody services. The crypto-friendly bank is now offering services for US government money market funds to its clients. CEO of Custodia, Caitlin Long argues that banks,
The U.S. SEC released a notice inviting comments on the proposal to list the Ark Spot Bitcoin ETF on Friday, amid significant anticipation leading up to the deadline. The notice was released in order to gather feedback on the proposed rule change to allow the ARK 21Shares Bitcoin ETF to
Bitcoin, the pioneer cryptocurrency, has experienced bullish momentum over the past 48 hours. However, despite the positive trend, BTC has struggled to breach the significant $30,000 mark. Meanwhile, the release of the US Consumer Price (CP) data, which jumped to 3.2% in July, a lesser than expected 3.3%, led to
Inflation as measured by the annual Consumer Price Index in July came in at 3.2%, below market estimates of 3.3%, as reported by the U.S. Bureau of Labor Statistics. Inflation measured by the Core Consumer Price Index came in at 4.7%, below the market’s estimate of 4.8%, with the monthly
Riot Platforms, a Bitcoin mining company headquartered out of Colorado, cut its quarterly net loss to $27.7 million as it increased Bitcoin output and hit record hash rate capacity. A 27% year-over-year rise in Bitcoin output, although being somewhat offset by a fall in Bitcoin prices, led to the cryptocurrency
The crypto community is excited as once again Bitcoin (BTC) touched $30K. Although the price has faced a brief pullback and is now currently trading at $29,784.76 as per CoinMarketCap, at the time of writing. As soon as BTC touched the surface of $30K, the bulls and the bears in
The biggest blockchain event in Europe will take place in Barcelona from October 24 to 27. The European Blockchain Convention 9 (EBC9), which is slated for the capital of Catalonia, will be the biggest gathering of its type in the second half of 2023. With an expected 5,000 attendees, it
Bitcoin, the dominant cryptocurrency by market capitalization, recently surged to $30,144 just a few hours ago, sparking excitement within the community after two weeks of anticipation. However, this surge was short-lived as the price swiftly plummeted to $29,940 within half an hour. Notably, this was followed by Novogratz, a cryptocurrency
The results for the second quarter of 2023 for crypto mining company Marathon Digital fell short of analyst forecasts for both profit and revenue. Revenues of $81.8 million were announced for Q2 2023 by Marathon on August 8, below the Zacks Investment Research forecast of $83.2 million. The crypto miner
