Month: September 2024

Bitcoin (BTC) Mining Was Much Less Profitable in August, Jefferies Says

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Bitcoin Slides, Yen Hits 8-Month High, as Harris Highlights ‘Opportunity Economy’ in Debate With Trump

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Spot Bitcoin ETFs record four-fold inflow spike, Ether ETFs recover from outflows

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Spot Bitcoin exchange-traded funds in the U.S. saw a significant jump in net positive flows while spot Ether ETFs also logged net inflows ending their five-day outflow streak. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged inflows of $116.96 million on Sep. 10, a surge of over four times compared to the $37.29 million inflows recorded the previous day. The positive inflows into these ETFs on these two days follow eight consecutive days of outflows, which reduced their total assets under management by more than $1.18 billion.…

Is Bitcoin Heading For A Bear Market? Analysts Weigh In On The Price Struggles

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Este artículo también está disponible en español. Bitcoin market performance has been underwhelming since its peak above $73,000 in March 2024. Instead of building on this rally, the top crypto has faced continued consolidation coupled with a series of declines, frustrating many investors. Currently, Bitcoin is down 22.7% from its March high, raising concerns over whether this signals the start of a deeper bear market. The decline has shaken confidence, with market analysts now questioning the near-term outlook for the digital asset. Related Reading Bitcoin Price Continous To Struggle, Why?…

XRP, ADA, new emerging crypto

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Rollblock is gaining traction in the GambleFi space, offering investors the chance at massive returns, while XRP and ADA may no longer deliver millionaire-making gains. Buying crypto tokens for less than a dollar and cashing out on them later on, is a common strategy to become a crypto millionaire. And this strategy works. If a trader bought and held Bitcoin or Ethereum when they cost less than a dollar,…

Lawmaker Criticizes Biden-Harris Administration’s Approach to Defi Regulation

House Financial Services Subcommittee Chairman French Hill emphasized the need to understand decentralized finance technologies during a hearing. He criticized the Biden administration’s regulatory approach and urged Congress to keep discussions open on supporting defi innovation. Hill noted that current regulatory frameworks were created for a system reliant on centralized intermediaries, not the decentralized, peer-to-peer […] Source CryptoX Portal

Altcoins Takeover? Analyst Says Accumulation Time Will End Soon

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Este artículo también está disponible en español. With only a few weeks before Q4 begins, investors and market watchers remain vigilant of the market’s performance. Many expect the next quarter will kickstart the rally’s second leg up, suggesting that most altcoins will explode in the coming months. Several analysts are bullish about the upcoming performances, hinting that the time to accumulate these cryptocurrencies is near its end and that the alt season is near. Related Reading Investors’ Last Call Before The Altseason Bitcoin (BTC) and Ethereum (ETH) have taken a…