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
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.
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
Fifteen years on from its inception, Bitcoin is being opened up to an entirely new world of utility thanks to a wealth of ongoing technical innovations around the BRC20 token standard Until very recently, the world of decentralized finance (DeFi) was primarily confined to blockchains like Ethereum, Binance Smart Chain,
The first-ever Bitcoin Layer-2 staking protocol, Social Network, has unveiled a list of technology partners and highlighted their respective contributions as it develops an eco-friendly staking protocol for the Proof-of-Work blockchain. Social Network has started an early testnet Bitcoin staking incentives program using its in-house wallet, Earth Wallet, in addition to
The world’s most reliable source of cryptocurrency statistics, insights, and community, CoinMarketCap, has announced the first CMC Crypto Awards, which will take place online between February 21 and March 6. This yearly event will pay tribute to the outstanding individuals, products, and initiatives that have shaped Web3 and crypto, highlighting CoinMarketCap’s
The total market cap of cryptocurrencies skyrocketed to a staggering $2 trillion last week as Bitcoin climbed beyond $52,000, a level not seen since December 2021. Following Bitcoin’s lead, several altcoins have also seen their value rise recently. Recent times have witnessed a transformative era, where the fusion of artificial
The insights of seasoned analysts can serve as valuable signposts for navigating the market. One such analyst, celebrated for their prescient forecast of Bitcoin’s monumental rise to $50,000 six months ago, has now set their sights on a new contender: Retik Finance. Priced at a modest $0.12, Retik Finance has
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
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
