Tag: Bitcoin
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Bitcoin Rises on Hopes of Unchanged Interest Rates, Solana Bulls Back Above $100
Grayscale Bitcoin Trust Investors Trigger Price Drop Last week, Bitcoin faced some obstacles due to Grayscale Bitcoin Trust (GBTC) investors selling off shares after the fund transitioned into a spot Bitcoin ETF. Consequently, significant amounts of BTC, which backed those shares, were sold off by the issuer, exerting downward pressure on Bitcoin’s price. Crypto Funds […]
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Invesco and Galaxy Asset Management Slash Fees, Boosting Bitcoin ETF Appeal
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 […]
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UK Drug Lord Busted: $150M Bitcoin Haul Seized in Massive Dark Web Sting
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, […]
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Dogecoin Founder Mocks Bitcoin Amidst Plunge as Market Bleeds Millions
Introduction Billy Markus, the co-founder of the renowned meme cryptocurrency Dogecoin along with Jackson Palmer in 2013, recently took to Twitter/X social media network to express his views on Bitcoin’s significant drop. In a sarcastic tweet, Markus, known as “Shibetoshi Nakamoto” on Twitter, greeted everyone except Bitcoin, highlighting his discontent with the volatility of the […]
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Public Listing of Bitcoin Miner GRIID to Boost Growth Amidst Declining Mining Stocks
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 […]
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Bitcoin Surges Above $43,000 as Market Anticipates Fed Rate Pause
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 […]
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Outflows from Grayscale Slow as Bitcoin ETFs See Inflows: Report
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 […]
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Bitcoin Mining: Turning Environmental Concerns into a Renewable Energy Opportunity
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 […]
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Robert Kiyosaki Reiterates Why Bitcoin and Silver Belong in Your Portfolio
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 […]
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Google’s Advertising Overhaul: Crypto Market Set for Revolutionary Boost
Bitcoin ETFs Poised to Benefit from Google’s Advertising Policy Change So, what does this revamped advertising empire mean for the crypto landscape? Whispers circulating within digital spheres suggest that Bitcoin ETFs stand to be the primary beneficiaries of this policy transformation. Envision this: investors engaging in the trading of shares within trusts containing substantial cryptocurrency […]