On Tuesday, U.S. spot bitcoin and ether exchange-traded funds (ETFs) kicked off the week with notable outflows. Bitcoin ETFs collectively saw $287.78 million withdrawn, while ether ETFs experienced $47.40 million in outflows. Bitcoin and Ether ETFs Start the Week With Outflows Sept. 3 proved challenging for the 12 bitcoin ETFs, which reported a combined net […] Original
Bitcoin mining profitability is stuck at record lows, JPMorgan said in a new research report. “We estimate bitcoin miners earned an average of $43,600 per EH/s in daily block reward revenue in August, the lowest point on record,” the analysts wrote. That compares with a peak value of $342,000 in November 2021, when the BTC price was $60,000 and the network hashrate was 161 EH/s. The network hashrate, a proxy for competition in the industry and mining difficulty, increased for the second straight month in August, JPMorgan noted. “The network…
The real-world assets (RWAs) tokenization sector is predicted to become a multi-trillion-dollar market, but achieving this growth will likely require a unified global regulatory framework, according to Shy Datika, founder and CEO of INX. Datika, a veteran of both traditional and digital finance, argues that such a framework would not only provide clarity but also […] Source CryptoX Portal
The country now supplies 66,000 creators, who develop games for the immersive environment, compared with 59,989 in the U.S. and 25,335 in Brazil. The plan to focus on India was announced in December, and the platform is now targeting 1 million users in two years, co-founder Sebastien Borget told CoinDesk in an interview. Source
“Bitcoin’s illiquid supply reached a new all-time high of almost 74% of circulating supply according to data provided by Glassnode, signaling that the Halving-induced supply shock is actually intensifying. This should provide an increasing tailwind for Bitcoin and other crypto assets over the coming months,” André Dragosch, head of research at ETC Group, said in a report shared with CoinDesk. Original
Este artículo también está disponible en español. Despite being termed the ‘digital silver’, the Litecoin price has remained muted in the last year. The altcoin’s price saw a run-up back in 2023, leading up to its halving. Since then, it has failed to maintain this upward momentum, falling short of the triple-digit level. From here, though, it seems the tide might finally be changing for the Litecoin price, as a notable prediction from an analyst suggests that a rally could send the price to a new all-time high. Litecoin Price…
Este artículo también está disponible en español. Recently, a growing number of new Playdoge (PLAY) investors have begun adding Mpeppe (MPEPE) to their cryptocurrency holdings. The decision to diversify into Mpeppe (MPEPE) is driven by its unique features, including its integration into online gambling and the inherent advantages of blockchain technology. Here’s why Playdoge (PLAY) investors are increasingly seeing Mpeppe (MPEPE) as a valuable addition to their portfolios. The Appeal of Playdoge (PLAY) and Its Growing Community Playdoge (PLAY) has quickly gained popularity in the memecoin space, thanks to its…
Bitcoin closed August in red, but experts are divided on whether September could bring a recovery, with some pointing to macroeconomic shifts, potential rate cuts, and rising institutional interest as reasons for optimism. Coinglass data shows that, since 2013, Bitcoin (BTC) has often recorded losses during September, making it the worst-performing month for the digital asset. On average, Bitcoin has dropped by -5.36% in September, with gains in only four of the past thirteen years. This consistent poor performance has made investors uneasy, fearing that the trend could persist in…
Mark Karpeles, the former CEO of Mt. Gox, is set to launch a new cryptocurrency exchange called EllipX this month. Based in Poland, the platform will initially serve European users, with plans for global expansion. The exchange will focus on cryptocurrency trading at launch, with the possibility of adding banking and fiat currency services in the future. Targeting MiCA Compliance EllipX will aim to comply with the EU’s Markets in Crypto-Assets (MiCA) regulations. Karpeles has emphasized the importance of transparency, promising regular third-party audits of the platform. In an interview…
The report indicates that Australia has a higher cryptocurrency adoption rate with one in every five current or past crypto holders. Key factors driving adoption include the relatively low investment threshold, greater financial control, and a perception of increased equality. However, barriers such as lack of knowledge and understanding hinder adoption. Aussies Embrace Alternative Investments […] Source CryptoX Portal