Global cryptocurrency funds saw record inflows of $2.45 billion last week, an unusual spike that indicated a sharp increase in investor interest. Due to this inflow, the total assets under management (AUM) has surged to levels not seen since December 2021, indicating a robust recovery in the cryptocurrency market. Record $2.45 billion in inflows propel … Read more
Since January 28, 2024, the number of daily transactions on the Bitcoin network has significantly decreased, peaking at over 600,000 and now hovering around 300,000 per day. This decline coincides with a reduction in the number of Ordinal inscriptions created each day, which eases congestion and lowers onchain costs overall. Bitcoin Network Activity Slows as … Read more
Cryptocurrency miners have received letters from the U.S. Energy Department’s statistics arm, the U.S. Energy Information Administration (EIA), requesting information about their mining sites’ layout and energy usage. One of the letters shared on social media states that miners have until February 23 to disclose any information on the activities that took place in January. … Read more
The value of bitcoin was between $51,850 and $52,350 on Friday, February 16, 2024. Onchain insights from Arkham Intelligence revealed that the massive Nasdaq-listed cryptocurrency exchange, Coinbase, currently has over 1 million bitcoin. With today’s market pricing, the wealth acquired by the San Francisco-based company is estimated to be slightly more than $52 billion. With … Read more
Lucas Nuzzi, Kyle Waters, and Matias Andrade have published a paper on the Social Science Research Network (SSRN) that presents a new method for determining the Total Cost to Attack (TCA) of Ethereum and Bitcoin. The thorough investigation challenges preconceived notions about blockchain vulnerability by illuminating the financial obstacles to 51% attacks. Exposing the Cost … Read more
On February 14, 2024, the price trajectory of Bitcoin demonstrates a strong positive trend, with the cryptocurrency hitting a 24-hour high of $51,814. The digital asset has increased significantly in the middle of a consolidating market; it has increased by 21% over the last month and by 3% today. Bitcoin After hitting intraday highs, the … Read more
Peter Schiff, an economist and gold bug, has cautioned that the current spike in the price of bitcoin appears to be “another classic pump-and-dump.” He voiced his doubts, saying, “I wonder when the massacre will begin,” despite the notable excitement surrounding the new spot bitcoin exchange-traded funds (ETFs). On the “Pump and Dump” of Bitcoin, … Read more
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