Michael Saylor, executive chairman of Microstrategy, has provided an explanation of why bitcoin has emerged as “the world’s most popular investment asset.” He pointed out that the cryptocurrency has “found its footing and now people are beginning to realize that there’s 10 times as much demand for bitcoin coming in through these ETFs as there … 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
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
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