A resurgence of interest in the possibility of the spot Bitcoin ETF launch in the U.S has sent the price of Bitcoin soaring beyond $43,000. With the SEC expected to reach a final ruling on spot ETFs in early January, the revelation that asset management BlackRock has amended its policy
Cipher Mining (CIFR), a publicly listed Bitcoin mining company, is expanding its operations with a new massive acquisition of cryptocurrency mining hardware. On December 18th, Cipher announced a new arrangement in which the company will purchase 37,396 Antminer T21 miners from Bitmain, a crypto mining behemoth based in China. Furthermore,
In spite of the continuing volatility surrounding the crypto market, blockchain-based private loans have seen an unexpected upturn. There has been a 55% increase in active private loans since the beginning of the year, reaching around $408 million by November 28, according to RWA.xyz, as enterprises seek protection from the
Bitcoin (BTC) is experiencing a potential downturn following its significant eight-week surge, propelling from $26,866 to an impressive $44,543. As of now, the largest cryptocurrency has displayed a 2% dip in the last 24 hours, with its current value resting below $41,200, according to CoinMarketCap. Despite multiple attempts to breach
As of December 17th, the average transaction cost for transfering Bitcoin was approximately $37, according to data from the statistics portal BitInfoCharts. All users of the network are now paying more for their transactions due to the most recent wave of Bitcoin Ordinals inscriptions. Moreover, some think these costs will
CEO Jan van Eck of the prominent asset management company VanEck recently expressed optimism about Bitcoin’s future on “The Exchange” on CNBC. Van Eck, who has extensive knowledge of the cryptocurrency business, believes that Bitcoin will reach new records in the next year. Optimistic View Van Eck has extensive experience
The cryptocurrency market is experiencing another wave of volatility, with Bitcoin (BTC), the flagship digital currency, witnessing a notable decline.As per recent data, Bitcoin’s total open interest (OI) has seen a sharp decline, prompting investors and experts to shift their focus towards promising DeFi tokens like Retik Finance (RETIK) for
The fourth meeting between BlackRock and the U.S SEC to discuss the eagerly awaited Spot Bitcoin ETF has taken place. Documented in an official filing, this most recent conversation is one in a string of recent exchanges between the SEC and prospective issuers. Moreover, the involvement of the SEC, headed
Brazilian individuals’ crypto assets kept overseas will now be subject to taxes, according to a bill signed into law by President Luis Inácio Lula da Silva. After being signed by the President on December 12, the legislation was published the next day in the Official Diary of the Union, also
It seems that investors’ faith in riskier and more volatile assets has been more apparent after the FOMC meeting. The most recent statement from the U.S Federal Reserve, which signified the third straight time interest rates were held constant, was likely the primary catalyst for the recent market upswing. There
