As a hedge against Japan’s ongoing economic woes, the Tokyo-listed crypto investment and consultancy business Metaplanet Inc. has decided to accommodate Bitcoin in its strategic treasury reserve. The company stated: “The move is a direct response to sustained economic pressures in Japan, notably high government debt levels, prolonged periods of
Due to a precipitous drop in transaction volumes, Bitcoin’s on-chain activity has been approaching record lows throughout the last two months. This slump follows Bitcoin’s all-time high earlier this year and is more a result of market uncertainty and apprehension than a foreshadowing of future price declines. The on-chain transaction
Bitcoin (BTC) has been yet again endorsed by Rich Dad Poor Dad author Robert Kiyosaki. Despite his penchant for making such predictions, he is of the opinion that the cryptocurrency may mitigate the effects of the US dollar downfall this time. South Africa is one of the original members of
Bitcoin’s ride continues as the cryptocurrency market experiences sharp turbulence. After soaring to almost $63,500 on May 10th, Bitcoin suddenly nosedived by over $2,000 within some hours. This rapid and unexpected drop has rattled investors, raising concerns and leading to the liquidation of approximately $132.58 million worth of long positions.
Staking will not be a part of the proposed spot ether exchange-traded fund (ETF) from 21Shares and Cathie Wood’s ARK Invest. The “sponsor may, from time to time, stake a portion of the Trust’s assets through one or more trusted Staking Providers.” was a staking component that ArkInvest/21 Shares disclosed
The number of companies having exposure to spot Bitcoin ETFs is increasing, and Wells Fargo is the latest addition to that list. The bank has gained exposure to Bitcoin, according to a recent filing with the SEC, which has sparked discussions among crypto enthusiasts. Gaining exposure to the biggest cryptocurrency
In 2030, according to Twitter co-founder Jack Dorsey, the price of Bitcoin might hit $1 million, and it could continue to rise in value beyond that. Dorsey gave an optimistic prediction about Bitcoin’s long-term price trajectory and explained his sudden exit from the board of BlueSky, a decentralized Twitter alternative
Bitcoin has been navigating choppy waters, trading at approximately $62.8K with a recent uptick of 2.06%. And, the trading volume has seen a modest increase of 0.99%, currently standing at $25 billion. Moreover, Bitcoin has experienced a downturn of 9.45% in the past month, marking a challenging period for investors.
According to data collected by BTC.com, the difficulty of mining Bitcoin (BTC) has recently dropped significantly. The hash rate fell 5.63 percent to 83.15 trillion as a result of this latest update. At a block height of 842,688, the modification was made, and the average hash rate was 646.96 EH/s.
Avalon A15 series, with the A1566 serving as the flagship model, was recently revealed by Canaan, a well-known producer of bitcoin mining equipment. With statistics including an exceptional energy efficiency ratio of 18.5J/T, computational power of 185T, and a power usage of 3420W, the Avalon A15 series represents a major
