Bitcoin Market—Asian investors are experiencing wild swings as automated trading systems react swiftly to data from US exchange-traded funds (ETFs) holding the cryptocurrency. This phenomenon was evident on Tuesday when Bitcoin faced its sharp decline in a month during Asian trading hours, driven by outflows from these ETFs. According to
Practicing Law Institute’s “SEC Speaks” event featured U.S SEC Commissioner Hester Peirce, who criticized the agency’s regulatory stance on the cryptocurrency sector, with an emphasis on Staff Accounting Bulletin 121 (SAB 121). Peirce, who is well-known for her dissenting opinions within the Commission, brought attention to the difficulties caused by
In order to increase output and efficiency in preparation for the halving event, Bitcoin miner Bitfarms has purchased 87,796 miners. Bitfarms revealed their ambitions to expand their farm in the future, acquire more miners, and increase their capacity this year in a social media post on X on April 2.
On April 2, the U.S government sent 30,175 BTC—almost $2 billion in value—to a wallet connected to Coinbase. At the time of the transfer, the price of Bitcoin dropped significantly, reaching a weekly low of $64,500. But shortly after that, the price of the cryptocurrency sustained over $65,000. One of
In March 2024, the Bitcoin mining industry witnessed remarkable growth as cryptocurrency prices surged to new ATHs, propelling mining profitability to new heights. According to recent data, bitcoin miners generated a staggering $2.01 billion in revenue from rewards and transfer fees, marking a significant milestone in the network’s history. Of
Bitcoin (BTC) experienced a significant downturn today, plunging to a 10-day low of $66,045, marking an 8% decrease in value. This decline triggered a broader correction across the cryptocurrency market, with the top ten altcoins also witnessing corrections ranging from 6% to 12%. Also, the global crypto market has seen
Bitcoin (BTC) is more appealing to young people than gold, according to renowned crypto skeptic and businessman Peter Schiff, since it is more likely to see growth during their “short lifetimes.” It has become more clear that Bitcoin is a superior asset than more conventional ones, such as gold. The
March saw the most financing for cryptocurrency firms in 18 months, as a result of a deluge of early-stage investments into crypto and blockchain-related businesses. As per statistics, over $1.4 billion has been invested in cryptocurrency firms. March was the biggest month for the sector’s fundraising since September 2022, when
Craig Wright, who has claimed to be Satoshi Nakamoto, the creator of the Bitcoin network, has had £6 million ($7.6 million) in assets frozen by a court in the United Kingdom in order to prevent him from avoiding court expenditures related to this matter. After a court ruling disproved Wright’s
The U.S SEC has reached a settlement in a lawsuit that requested the disclosure of information pertaining to any conflicts of interest in the SEC’s enforcement actions regarding crypto. The head of the government watchdog group Empower Oversight explained the reasoning for the decision to settle the case with the
