Tag: Bitcoin

Invesco competing with industry leaders In a strategic move aimed at enticing more investors to their spot Bitcoin exchange-traded fund (ETF), Invesco and Galaxy Asset Management have announced a significant reduction in the fee structure of their Invesco Galaxy Bitcoin ETF (BTCO). The sponsors have slashed the fund’s fee from 0.39% to 0.25%, making it […]

Guilty Plea and Criminal Enterprise The defendant, Banmeet Singh, a 40-year-old Indian national from Haldwani, India, pleaded guilty to charges of conspiracy to possess controlled substances with the intent to distribute and conspiracy to commit money laundering. Singh’s criminal enterprise allegedly facilitated the sale and distribution of various controlled substances, including fentanyl, LSD, ecstasy, Xanax, […]

Focus on Growing Capacity and Hash Rate Sudock, GRIID’s representative, expressed their short-term goals of expanding capacity and increasing the hash rate in an interview with Blockworks earlier this month. Founded in 2018, GRIID began operating bitcoin mining facilities the following year. As of September 30, the company had 20,623 bitcoin mining machines installed, resulting […]

Bitcoin Shorts Liquidated in Response to Tuesday’s Price Action The recent price action has led to the liquidation of more than $60 million in cryptocurrency short positions, according to data from Coinglass. Over the past 24 hours, leveraged bitcoin positions that were liquidated amounted to more than $40 million, with shorts accounting for over $24 […]

Grayscale and Other Crypto Fund Managers Experience Outflows In the past week, several major Bitcoin funds have witnessed significant outflows, potentially contributing to the recent dip in BTC and other digital asset prices. CoinShares, a European digital asset manager, has reported a slowdown in outflows from the largest fund, Grayscale. The trend of investors redeeming […]

Bitcoin’s Energy Consumption and Environmental Concerns As of January 19, 2024, the University of Cambridge reported that Bitcoin’s energy consumption had reached an astounding 147.3 terawatt-hours per year. To put this into perspective, that’s nearly equivalent to the annual energy consumption of entire countries like Ukraine, Malaysia, and Poland. The majority of this energy is […]

Introduction Renowned investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ Robert Kiyosaki, continues to sound the alarm on a potential economic crash and the weakening of the United States dollar (USD). In a recent episode of ‘The Rich Dad Channel’ streamed on January 24, Kiyosaki emphasized why Bitcoin (BTC) and […]