141 / 238 Relevant items tagged with #cryptocurrency
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Mining Digital Gold — These Are the Most Profitable Proof-of-Work Algorithms in 2024
[Jan 21, 2024 4:00 PM] In September 2022, Bitcoin’s SHA256 algorithm ranked as the seventh most lucrative proof-of-work (PoW) network for mining. Fast forward a year and four months, and this algorithm has ascended to become the third most profitable crypto…
Value Locked in Defi Surpasses $57 Billion, Securing Over $20 Billion in 3 Months
[Jan 21, 2024 2:30 PM] Data from defillama.com reveals that over the past 93 days, the total value locked (TVL) in decentralized finance (defi) protocols escalated from $37.46 billion on Oct. 20, 2023, to the present $57.74 billion. Notably, 57.3% of the total value in…
9 Freshly Launched Spot Bitcoin ETFs Gather Over 81,000 BTC, Valued at $3.39 Billion
[Jan 21, 2024 10:00 AM] Since Jan. 12, 2024, Grayscale’s newly transitioned spot bitcoin exchange-traded fund (ETF), GBTC, experienced a withdrawal of 50,106.59 bitcoin. Meanwhile, the nine newly launched spot bitcoin ETFs have collectively accumulated 81,366…
Grayscale’s 4K Bitcoin Transfer, Blackrock CEO Favorable on Bitcoin, Ripple’s XRP Ousted, and More — Week in Review
CFTC Files Civil Enforcement Action Against Bogus Crypto Exchange Debiex
[Jan 21, 2024 3:00 AM] The U.S. commodities regulator revealed on Jan. 19 that it had filed a civil enforcement action against a bogus digital asset exchange platform. According to the Commission, Debiex customers were not aware that the entire set-up was a clever scam…
Former SEC Official: Crypto Holds the Key to 2024 US Presidential Election
[Jan 20, 2024 11:00 PM] The U.S. Securities and Exchange Commission’s former head of internet enforcement has explained that crypto holds the key to the 2024 U.S. presidential election. He stressed that every U.S. presidential candidate should immediately appoint an…
Blackrock Seeks SEC Approval to Offer Options on Spot Bitcoin ETF — Ishares Bitcoin Trust Now Holds 28,622 BTC
[Jan 20, 2024 9:00 PM] Blackrock, the world’s largest asset manager, is seeking approval from the U.S. Securities and Exchange Commission (SEC) to offer options on its spot bitcoin exchange-traded fund (ETF). The SEC has opened a comment period for a proposed rule…
Mad Money Host Jim Cramer Sees ‘Nasty Beginning to Bitcoin Selloff’
FTX Under New Scrutiny: Appellate Court Orders Independent Investigation
[Jan 20, 2024 5:00 PM] An independent examiner was initially barred from delving into the FTX bankruptcy case. However, the Third Circuit Court of Appeals in Philadelphia has recently overturned this decision, mandating that the defunct crypto exchange undergo an…
Bitcoin Network’s Mining Difficulty Drops 3.9% to 70.34 Trillion, Easing Miner Workload Amid Texas Cold Snap
[Jan 20, 2024 3:00 PM] On Saturday, the Bitcoin network experienced its first difficulty reduction of the year, witnessing a 3.9% decrease at block height 826,560. As a result, the network’s mining difficulty now stands at 70.34 trillion, with the next adjustment…
Weekly NFT Sales Dip — Ethereum Outshines Bitcoin, Solana and Avalanche Record Gains
[Jan 20, 2024 1:00 PM] The latest statistics indicate a further decline in non-fungible token (NFT) sales this week, showing a 5.05% decrease compared to the previous week. Sales of NFTs reached $297 million, with Ethereum leading the way this week. Ethereum’s…
GBTC’s Mixed Fortune: 54% Market Share in ETF Trade Volume Accompanied by $2 Billion BTC Exodus
[Jan 20, 2024 11:00 AM] Over a span of six days in the U.S. market, nine newly launched spot bitcoin exchange-traded funds (ETFs), along with the recently revamped GBTC, collectively saw a trading volume of $16.53 billion. GBTC, commanding the majority of this trade…
Heightened Bitcoin Fees and Erratic Mining Revenues Herald Murky Shift as Halving Nears
[Jan 20, 2024 9:00 AM] Recent statistics reveal that for the past 75 days, starting from Nov. 6, 2023, the average transaction fee on the Bitcoin network has consistently stayed over $5. Additionally, since Dec. 4, 2023, these fees have predominantly been over $10, with…
Study Shows Number of Crypto Developers Up by 52% Since 2018
[Jan 20, 2024 5:00 AM] Over the past five years, the number of established developers with more than 2 years experience of working in crypto grew at an annualized rate of 52%. According to the findings of a study, established developers (2+ years) together with emerging…
Spartan Group’s Report Reveals Bitcoin’s Untapped Potential via Emerging Layers
[Jan 20, 2024 3:00 AM] A new report details how Ordinals and other layer-two innovations can reshape Bitcoin’s role in the digital economy, moving it beyond just a store of value. New Report Outlines How Bitcoin Can Evolve to a Multi-Layered Ecosystem The…
Chainalysis Reveals Decline in Crypto Crime, Shift to Stablecoins in 2024 Crime Report
[Jan 20, 2024 1:00 AM] Chainalysis’ latest report reveals a dual trend in the 2023 crypto crime landscape: a notable decrease in overall value of criminal transactions and a surprising shift from bitcoin to stablecoins as the preferred medium for illicit…
Tokenized Asset Coalition Expects Tokenization to Grow in 2024
[Jan 19, 2024 11:30 PM] The Tokenized Asset Coalition (TAC), a membership organization that promotes the institutional adoption of tokenization practices to bring real-world assets to the blockchain, has published its State of Tokenization report. The document explains…
RBI Chief: Crypto Threatens Rupee Stability, Urges Investors to Be Cautious
US Senators Introduce Bill ‘to Combat Illicit Use of Crypto Assets’ Through Public-Private Partnership
Cryptocurrency Rights Bill Introduced in Virginia
[Jan 19, 2024 7:00 PM] A bill that seeks to safeguard the cryptocurrency rights of the citizens has been introduced to the Senate of Virginia. The bill, sponsored by State Sen. Saddam Azlan Salim, would guarantee that citizens can self-custody, transact, mine, and pay…
Grayscale’s New Study Reveals Emerging Synergy Between AI and Cryptocurrency
[Jan 19, 2024 5:30 PM] The integration of artificial intelligence (AI) and cryptocurrency is heralding a new era of technological advancement, as highlighted in a recent Grayscale Investments report by Will Ogden Moore. Grayscale’s latest report says this synergy, marked…
Security Definition at the Core of Coinbase v SEC First Scuffle
[Jan 19, 2024 4:00 PM] Coinbase, a U.S based cryptocurrency exchange, and the U.S. Securities and Exchange Commission (SEC) had their first scuffle as New York’s Judge Katherine Polk Failla weighted in on a motion to dismiss the case in which the regulator alleges…
Bloodbath For Bitcoin: Grayscale’s $529 Million BTC Move To Coinbase Pushes Price Below $41,000
[Jan 19, 2024 2:55 PM] Bitcoin (BTC), the largest cryptocurrency in the market, has experienced a sharp drop below the $41,000 mark as exchange-traded funds (ETFs) for Bitcoin went live on January 12. The subsequent profit-taking, selling pressure, and outflows from…
Bitcoin ETFs Eclipse Silver, Claiming Second Spot Behind Gold in US ETF Market
[Jan 19, 2024 2:30 PM] Spot bitcoin ETFs, after a phenomenal market debut, have claimed the second-largest commodity position in the U.S. ETF market, growing larger than silver and trailing only behind gold, in a clear sign of the the mainstream appetite for the digital…
Franklin Templeton Eyes Broad Crypto Expansion Beyond Bitcoin, Foresees More ETP Filings
[Jan 19, 2024 1:00 PM] Franklin Templeton’s Head of Digital Assets, Sandy Kaul, foresees an increase in filings following the recent approval of 11 new spot bitcoin exchange-traded funds. Kaul highlighted that the firm, managing $1.5 trillion in assets, recognizes…
Ex-President Trump Launches Limited Edition Cards on Bitcoin Blockchain via Ordinal Technology
[Jan 19, 2024 11:30 AM] The ex-45th President of the United States has been engaged in the sale of digital trading cards for a considerable period. On Thursday, the official account for the trading card enterprise announced the launch of Trump cards that are crafted using…
Grayscale Bitcoin Trust Stash Dips by 10,800 BTC in One Day Amid High GBTC Trading Activity
[Jan 19, 2024 9:30 AM] The Grayscale Bitcoin Trust, commonly referred to as GBTC, has recently divested a considerable quantity of bitcoin. Records indicate that a total of 10,823.86 bitcoin, valued at approximately $447.40 million, was withdrawn from the holdings of…
Bitcoin Technical Analysis: Navigating BTC’s Ups and Downs as Price Teeters Above $41K
[Jan 19, 2024 7:21 AM] On Thursday, bitcoin experienced a decline, reaching a low of $40,600, and has since been hovering slightly above the $41,000 mark. The cryptocurrency world is abuzz with speculation about the duration of this downturn, especially as the excitement…
K33 Research Note Claims Cardano Network Lacks Meaningful Use, Native Token Value at Risk
[Jan 19, 2024 6:30 AM] The latest K33 Research note asserts that the Cardano network has no meaningful use and this does not augur well for its native token. The note concludes that nothing is happening on the network except “exchange transfers and a group of…