Day: January 17, 2024

Volumes Surge $10 Billion 3 Days

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Bitcoin Spot Exchange-Traded Funds (ETFs) have once again garnered the attention of crypto enthusiasts and investors as the products have witnessed a whopping $10 billion in total trading volume in the first three days of trading. Bitcoin Spot ETF Sees Significant Uptick In Day 3 Trading The development was revealed by Bloomberg Intelligence analyst James Seyffart on the social media platform X (formerly Twitter). The information shared by the analyst demonstrates a firm desire for exposure to digital assets via regulated financial markets. Seyffart’s X post delves in on the…

Jamie Dimon on Bitcoin: Don’t get involved

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Despite JPMorgan’s role in BlackRock’s SEC-approved Bitcoin ETF, its CEO, Jamie Dimon, remains resolute in his anti-crypto rhetoric and BTC skepticism. Bitcoin (BTC) holds little utility outside of serving as a channel for hundreds of billions in illicit wealth from fraud, money laundering, tax avoidance, and sex trafficking, said JPMorgan Chase CEO Jamie Dimon. Speaking with CNBC at the 2024 World Economic Forum in Davos, Dimon commented on the spot BTC ETFs approved by Gary Gensler’s Securities and Exchange Commission (SEC) on Jan. 10, noting that blockchain’s value exists in…

How profitable is Bitcoin mining in 2024, will you gain or lose money?

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Is individual Bitcoin mining still profitable? Our analysis of average costs post-halving may bring disappointing news. To figure out if mining Bitcoin for profit is worth it after the halving in 2024, we looked at a few important factors and conditions. Bitcoin price: The price of Bitcoin significantly influences Bitcoin mining profitability. It may undergo changes, but for this analysis, we consider the current market price as of Jan. 16, which is around $43,000. Mining hardware specifications: Model: Whatsminer M53S++, a popular choice among BTC miners. Hashrate: 320 TH/s, indicating…

Analyst says Ethereum can reach $10k in 2024, new altcoin likely to follow

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Experts are discussing the potential future of Ethereum, a leading smart contract-enabled blockchain, as the crypto market moves towards a major bull rally. One analyst predicts that ETH might reach $10K by the end of 2024. Furthermore, analysts are bullish on Bitcoin Minetrix after surpassing $8.6 million in ongoing presale. Spot Ethereum ETF tailwinds for ETH to reach $10k? Renowned analyst, angel investor, and key opinion leader (KOL) Anthony…

2 Million Transactions in a Day

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After a month of quiet paws, Shibarium, the Layer-2 solution for the popular meme coin Shiba Inu, has roared back to life with a staggering 200% increase in daily transactions over the past two days. This surge marks a dramatic turnaround from its recent lull, reigniting optimism among the SHIB army and sending the platform’s gas token, BONE, leaping 6%. Strong Showing: Shibarium Soars Data from Shibariumscan reveals a notable ascent: On Saturday, transactions had slumped to a dismal 1.16 million, the lowest point in recent memory. Awakened by increased…

Crypto Gets Its Dow Jones Industrial Average and S&P 500 With New CoinDesk 20 Index

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Traders Make $579 Million Run On The Fund

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Grayscale, an American digital asset management company, has witnessed a staggering amount of outflows in its Spot Bitcoin ETF, Grayscale Bitcoin Trust (GBTC). Analysts speculate that the outflows may be linked to several factors, including high trading fees and accounting irregularities.  Grayscale Experiences Massive Outflows After successfully securing approval for its Spot Bitcoin ETF against the United States Securities and Exchange Commission (SEC), Grayscale experienced steady inflows in its GBTC. However, recent reports suggest that the company’s gains may have been premature, as Grayscale’s GBTC recently experienced a significant outflow…

Spot Bitcoin ETFs turned down by Thai SEC, investors eye global markets

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Thailand’s SEC has declined to allow trading of spot Bitcoin ETFs, citing that foreign-approved Bitcoin ETFs are still in nascent stages and may not align with the economic needs of the Thai market. The US securities market regulator’s recent approval of 11 Bitcoin exchange-traded funds (ETFs) has not swayed the Thai Securities and Exchange Commission to follow suit. The Thai regulator remains cautious, believing these ETFs, which have gained traction in foreign markets, may not be suitable for the Thai economic landscape at this stage. A report by Bangkok Post…

XRP Price Remains On Track To Reach $27 By July: Analyst

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In a recent technical update EGRAG Crypto presented a compelling case for the XRP price, with historical comparisons that are suggestive of a significant upward trend. The focal point of his analysis is the Average Sentiment Oscillator (ASO), an indicator that provides insights into market sentiment by depicting the proportion of bullish to bearish perspectives through a blue and a red line, respectively. XRP Price On Course To Hit $27 The updated ASO chart shared by EGRAG Crypto highlights a bullish cross that took place on October 3rd, 2023. This…