Sometime in the second half of 2023, the billionaire Peter Thiel’s venture capital (VC) firm Founders Fund is said to have purchased bitcoin and ethereum for $200 million. According to reports, the venture capital firm started buying bitcoin when its value was less than $30,000. New Interest in Crypto from Founders Fund Bitcoin (BTC) and … Read more
The Consumer Price Index (CPI) report, which was released by the U.S. Bureau of Labor Statistics on Tuesday, showed a 0.3% increase in January. After the announcement, the three main market indices fell, Treasury yields increased, and cryptocurrency assets dropped from their recent highs. As January CPI Data Lets Wall Street Down, Stocks Drop and … Read more
The next Bitcoin difficulty retarget, which is set for February 15, 2024, is expected to signal a significant upturn in the network. According to current estimates, there would be a projected difficulty jump ranging from 8.45% to 9.2%, which would be the biggest increase in 2024 so far. Bitcoin Challenges Are Expected to Rise Sharply … Read more
Shares of publicly traded mining businesses have increased significantly in tandem with the spike in bitcoin and the larger crypto market. According to data, the value of many of these companies’ equities has increased by double digits against the US dollar during the past five days. Major Increase for Mining Companies That Are Publicly Traded … Read more
Envision the following scenario: You are seated at the poker table, and each hand you are dealt is awful. However, since the dealer controls the order of the cards before they are played and has complete view of the deck, the cards never grow better. Dealer always comes out on top. Prominent person in the … Read more
21 bitcoin miners, the majority of them are Chinese, are said to have inked power supply deals with the Ethiopian state electrical provider. It appears that the African nation’s desire for foreign cash has trumped the issues frequently brought up by proponents of climate change. Ethiopia is about to become China’s Favorite Location for Bitcoin … Read more
Bitso, a cryptocurrency exchange established in Mexico and operating in multiple Latin American nations, has disclosed the trends that its user base adhered to in 2023. The CEO of Bitso Argentina, Julian Colombo, said that although Bitcoin remained the most widely used cryptocurrency in the area, Argentines possessed roughly five times as many stablecoins as … Read more
The world of cryptocurrency investment products saw a significant shift last week, with spot bitcoin exchange-traded funds (ETFs) emerging as the market leaders. These funds drew $1.1 billion in inflows, which is the largest amount of assets under management (AUM) since early 2022, according to a recent Coinshares report. Spot Bitcoin ETFs are king with … Read more
According to the Bank of Russia, there were more than 5,700 pyramid schemes and illicit lenders in Russia in 2023—a 15.5% rise over the number that was discovered in 2022. In particular, a 46% rise was observed in the quantity of pyramid schemes that were found to be using the Internet and cryptocurrencies as promotional … Read more
Regulations requiring companies acting as dealers to register with the U.S. Securities and Exchange Commission (SEC) have been adopted. According to an attorney, the securities regulator attempted to address decentralized finance (Defi) with the guidelines, which specifically target liquidity providers (LPs) with assets of at least $50 million that are part of decentralized exchanges (DEX). … Read more