Month: February 2024

Bitcoin miner Argo Blockchain shares plunge 8% following production decrease

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Argo Blockchain’s shares plunged by 7.5% on Monday after the London-based mining company disclosed a 20% decrease in mined Bitcoin in January. As per the company’s January financial update, Argo Blockchain mined 124 BTC, representing a 20% decline in daily BTC production compared to December 2023. The company attributed the decrease to a “16% reduction in Bitcoin-denominated hash price” and factors such as “weather-related curtailments” in Quebec, Canada, and Texas, USA, where its facilities are located. “The decrease in hashprice in January 2024 was driven by lower transaction fees on…

Crypto Token Unlocks To Cross $700 Million In February 2024, Here Are The Culprits

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February is set to be a hot point for crypto assets, with several cryptocurrencies set to release over $800 million worth of assets during the month. According to data from TokenUnlocks, 26 crypto projects are set to carry out token unlocks in February, potentially flooding the crypto market with almost $1 billion worth of crypto assets. Most of this liquidity is set to come from Avalanche (AVAX), with approximately $345 million worth of AVAX set to hit the market in the middle of February. February 2024 Set To See Massive…

South Korean Regulator FSS to Discuss Spot Bitcoin ETF With U.S. SEC: Report

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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…

South Korea eyes US SEC’s approach to spot Bitcoin ETFs for regulatory insight

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South Korea’s Financial Supervisory Service (FSS), the nation’s primary financial regulator, is setting its sights on the United States for guidance on the intricacies of spot Bitcoin exchange-traded funds (ETFs).  With a mission to oversee financial institutions, the FSS operates under the larger umbrella of the Financial Services Commission. In a significant move, FSS chief Lee Bok-Hyun announced a detailed business strategy for the coming year during an event in Seoul on Feb. 5, highlighting plans for engagements with major financial markets, notably New York, to further discussions on the…

Bitcoin hash rate rising, Dogecoin rival trending

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The Bitcoin hash rate is above 500 EH/s, pointing to increased security and confidence. Bitcoin’s hash rate boom Understanding hash rate is essential for those dealing with cryptocurrencies.  It measures the number of calculations the network can perform per second, which helps prevent attacks on Bitcoin.  Rising hash rate means more miners are interested, making the network even more robust.  Analysts, like Yassine Elmandjra from ARK Invest, are impressed…

LPL Financial to evaluate spot Bitcoin ETFs ‘three months’ before joining the market

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LPL Financial, the largest U.S. independent broker-dealer, takes a measured approach, conducting a three-month evaluation before entering the spot Bitcoin ETF market. The San Diego-headquartered broker-dealer is planning a thorough three-month evaluation before deciding to join the spot Bitcoin exchange-traded fund (ETF) market, citing concerns that some of the ETFs might eventually shut down, causing problems for advisers. In an interview with Bloomberg, Rob Pettman, executive vice president of products and platform management at LPL Financial, said that the $1.4 trillion investment giant wants first to see “how they work…

Nearly 70% Of Shiba Inu Investors Underwater

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Shiba Inu (SHIB), often touted as the “Dogecoin killer,” finds itself at a critical juncture as it grapples with a recent downturn, inviting scrutiny into its stability and future prospects. Shibarium Surge Sparks Investor Optimism, Concerns Linger Despite some investors maintaining an optimistic outlook, buoyed by recent developments such as the surge in Shibarium, others harbor reservations about the token’s performance and distribution dynamics. The red signals flashing for SHIB investors are hard to ignore. A recent analysis by IntoTheBlock reveals that a substantial 67% of investors currently find themselves…