Former Bitmex CEO Arthur Hayes: ETF Success’ Might ‘Destroy Bitcoin’
Arthur Hayes, former CEO of Bitmex and cryptocurrency market analyst, pondered about the success of an upcoming spot bitcoin ETF and its effect on the future of bitcoin. Hayes states that the popularity of these ETF derivatives might concentrate…
Bitcoin Price Dips On The Christmas Day But Dips Still Attractive
Bitcoin price failed to extend gains above the $44,300 resistance. BTC is now moving lower and might find bids near the $42,400 support zone. Bitcoin started a downside correction from the $44,300 resistance zone. The price is trading below $43,500…
Epic Games Store Changes Policies to Allow Blockchain Games in Its Platform Again
The Epic Games Store, the digital distribution storefront owned by Epic Games, has made changes that will allow some blockchain games to be listed on its platform again. Epic Games has announced that it will now admit games rated as “Adults…
Bitcoin Fork Discussions Surface Over Block Space Constraints and Ordinals
While no formal announcement has been made, murmurs of a potential Bitcoin fork are emerging amidst discussions on block space, Ordinal inscriptions, and escalating fees. Such speculation has led some to believe that a significant Bitcoin fork…
Bitcoin Mining Difficulty Hits Record 72 Trillion Amid Hashrate Surge and $600M Spent on ASICs in December
On Dec. 23, 2023, Bitcoin’s mining difficulty soared to a record level at block height 822,528. The difficulty surged by 6.98%, marking the most substantial escalation in nine months, since March 23. This increment set a new precedent…
Bitcoin Options Open Interest Skyrockets Past $18 Billion as Traders Anticipate SEC ETF Decision
Bitcoin options open interest has soared to unprecedented levels, surpassing the $18 billion threshold on Dec. 22, 2023. Currently, evidence indicates that bitcoin traders are leveraging bitcoin options to mitigate risk and speculate on the future…
In the last week, sales of non-fungible tokens (NFTs) have fallen by 12.26%, totaling $463.87 million, marking a decrease from the previous week. NFTs centered around Bitcoin topped the chart, amassing $265.61 million in sales, despite a 13.71%…
Brandt Bucks BTC Halving Hype, Vitalik’s Big Transfer, Spot Bitcoin ETF Developments, and More — Week in Review
Trader and financial analyst Peter Brandt says that BTC “halving hype is a whole lot of excitement over nothing,” while developments point to imminent SEC action on the spot bitcoin exchange-traded fund (ETF) front. In other popular…
Ethereum (ETH) Lags In Market Cap Growth Despite Positive Year – Details
According to a report from crypto analytics firm IntoTheBlock, Ethereum has recorded an 85% increase in its market cap over the last year, moving from around $149.18 billion to its current value of $275.98 billion. However, in comparison with other…
This article is featured in Bitcoin Magazine’s “The Primary Issue”. Click here to get your Annual Bitcoin Magazine Subscription.Click here to download a PDF of this article.Come with me to the land of saffron and rosewater for a story lost in the…
Argentine Foreign Minister: Financial Contracts Can Now Be Denominated in BTC
According to Argentina’s Foreign Minister, financial contracts can now be denominated in bitcoin or any other medium of exchange that the parties to the contract so choose. In addition, debtors will be obligated to “deliver the…
Polkadot Pops: Price Hits Fresh 2023 Peak, Breaking Through Doubts
Interest in altcoins, such as Polkadot, has significantly increased as the year draws to a close. After posting an impressive 47% gain in December, Polkadot (DOT) has become a standout performer in the cryptocurrency market. Polkadot Surges 20% In…
Google AI Predicts When XRP Price Will Cross $5 And What Will Drive It
The price movement of XRP has had its ups and downs this year, reflecting the volatile nature of cryptocurrencies. The crypto has increased by 74% this year, following the general bullish sentiment among cryptocurrencies. XRP went on a noticeable…
Law Offers Fast-Track Citizenship for Bitcoin Donations to El Salvador, Report Says
Under El Salvador’s recently approved immigration reform law, foreigners who donate to the government’s social and economic development programs will be eligible for expedited citizenship. However, the reform law does not reveal the…
Can Bitcoin Price Climb To $47,000? Here’s What This Crypto Analyst Thinks
The bulls seem to be back in control following the return of the Bitcoin price to above $43,000 this past week. This positive run comes on the back of a period where the premier cryptocurrency struggled, falling below $41,000 at some point…
Hive Amplifies Bitcoin Mining Might With 7,000 Bitmain S21 Units
The publicly-listed company Hive Digital Technologies, based in Vancouver, has announced the acquisition of 7,000 new application-specific integrated circuit (ASIC) bitcoin mining rigs from Bitmain. The ordered Antminer S21 units are slated for…
The native cryptocurrency of Solana continued a spectacular climb that has already lasted three weeks by breaking beyond the $110 mark on Sunday morning. This is a strong demonstration of resilience. The price of SOL has surged, reaching a level…
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