After Bitcoin and altcoins plummeted post Jerome Powell’s speech, the cryptocurrency market has swiftly recovered. According to the chairman of the Federal Reserve, the members of the Federal Open Markets Committee (FOMC) did not believe that interest rate reduction could be implemented by March. The outcome was a negative market,
Social Network’s testnet release marks the formal debut of the first decentralized Bitcoin Layer 2 Staking Protocol with Native Yield. The protocol finally unlocks the potential for decentralized social networks on Bitcoin by addressing the network’s scalability, cost-effectiveness, and environmental sustainability. Top testnet contributors will get ‘Taproot Farmers,’ a unique
Marathon Digital Holdings Chairman and CEO Fred Thiel said on a recent edition of The Pomp Podcast that the impending halving puts Bitcoin in a better position for a greater rate of appreciation. Especially when compared with gold. Also, it should make things more stable when the market isn’t doing
Tech Giant Google has decided to lift its ban on cryptocurrency-related advertisements after five years, opening up its extensive advertising network to specific offerings, including the newly introduced spot Bitcoin ETFs. This marks a notable shift from Google’s stance in March 2018, when it and Facebook banned crypto-related ads to
GRIID, a cryptocurrency mining firm, situated in the United States, has formally gone live on the Nasdaq stock exchange. Up until this point, GRIID was known for operating Bitcoin mining operations that were vertically integrated and made use of cheap, low-carbon energy. Although it was founded in 2018, it wasn’t
According to CoinShares, a digital asset management firm, withdrawals from Grayscale’s bitcoin ETF (GBTC) were higher than inflows into other funds, even if they slowed significantly during the last week. According to the research, the U.S. bitcoin ETFs experienced net inflows of only $1.8 billion, while GBTC suffered $2.2 billion
Following the approval of the first spot Bitcoin exchange-traded fund (ETF) in the U.S by the SEC, the first spot BTC ETF in Hong Kong allegedly landed at the SFC a few weeks later. According to Tencent News, one of the biggest fund managers in China, Harvest Hong Kong, applied
In response to the overwhelming interest in Bitcoin exchange-traded funds (ETFs) in the United States, new and exciting product possibilities are being evaluated. An exchange-traded fund (ETF) called YBIT, which uses a Bitcoin options income strategy, has been proposed by YieldMax to the U.S SEC. Around April 10, 2024, the
The crypto sector’s long-awaited desire was granted two weeks ago when the United States SEC permitted Bitcoin spot ETFs for trading. There was a lot of buildup to this historic event, and the eleven ETFs all had strong first-day trading volumes. Nevertheless, the market’s first response to this highly anticipated
Among the newly issued spot bitcoin products, BlackRock iShares Bitcoin ETF (IBIT) became the first on Friday to exceed $2 billion in assets under management (AUM). This does not account for Grayscale’s GBTC, which was a closed-end fund with approximately $30 billion in AUM until it became a spot ETF.
