Bitcoin recently completed its first difficulty adjustment following the fourth halving, recording a 1.99% increase and pushing the mining difficulty to a record high. The network’s difficulty level rose from 86.39 trillion to a new level of 88.10 trillion. Bitcoin Miners’ Strength Tested as Mining Difficulty Jumps 2% Post-Halving As of block 840,672, which occurred […] Original
Bitcoin’s fourth halving event has drawn significant attention to its comparison with gold regarding scarcity, as highlighted by Glassnode analysts. According to Glassnode, this event marked a historic moment where Bitcoin’s (BTC) issuance rate fell below that of gold for the first time, emphasizing a pivotal shift in the narrative surrounding the two assets. As reported, the halving event on Saturday reduced block subsidies, with the issuance dropping from 6.25 BTC to 3.125 BTC per block. This translates to an issuance of approximately 450 bitcoin per day, further underlining the…
On April 23, net daily capital inflows into spot Bitcoin ETFs totaled $31.64 million. According to SoSo Value, despite the decrease in asset inflows from $62 million on April 22 to $31 million on April 23, a positive trend has continued for the third trading day. During this period, Bitcoin funds received $153.29 million from inflows. Source: SoSo Value A day earlier, BlackRock‘s iShares Bitcoin Trust (IBIT) crypto fund took first place in capital inflow. It added $37.92 million to its balance sheet, bringing funds under management to $15.48 billion.…
Per the Securities and Futures Commission (SFC) of Hong Kong, the region’s newly authorized spot bitcoin and ethereum exchange-traded funds (ETFs) are set to commence trading on Tuesday, April 30, 2024. Anticipation Builds for the Rollout of Bitcoin and Ethereum ETFs in Hong Kong Recently, the SFC of Hong Kong announced its approval for several […] Original
The tool, called Bitcoin Conversions, will set eligible Square users up with a dedicated Cash App account programmed to receive 1% to 10% of their store’s revenues, which will then be converted on their behalf into BTC, which can then be held, sold or transferred “as they see fit.” The service will be limited to sole proprietors or single member LLCs until a full rollout to Square customers in the coming months. Original
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As the Bitcoin halving approaches, investors focus on promising cryptocurrencies like TRON, Solana, and the rapidly rising KangaMoon for significant growth opportunities. As the Bitcoin halving event draws closer, several investors are looking for promising cryptocurrency to invest in April. Three among those worth considering are TRON, Solana, and KangaMoon. While investors are still determining which to pick, these coins offer unique features and promising potential for growth. KangaMoon…
Strike, a product of Chicago-based Zap Solutions that is led by entrepreneur Jack Mallers, launched in the U.S. in 2020. The app can be compared to Cash App or PayPal, two popular online payment systems, in that it lets customers send and receive money around the world. The difference is that Strike uses the Bitcoin blockchain to do so, making transfers faster and cheaper than other alternatives. Original
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The Bitcoin Minetrix presale enters its final stage with an upcoming exchange listing, drawing significant investor interest and anticipation. The presale for Bitcoin Minetrix (BTCMTX) – the mining platform that’s got everyone talking – is headed into the home stretch. And with an exchange listing just days away, investors are looking to acquire BTCMTX before the token hits the open market. Last call for BTCMTX presale The final curtain…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Bitcoin soars, Koala Coin and Aptos capture investor interest, promising significant growth in their ongoing developments. As Bitcoin (BTC) gallops ahead, excitement and anticipation ripple through investors. Amidst this, Koala Coin (KLC) has been dashing ahead with surging interest. Its presale at stage one, priced at $0.014, emerges as a beacon for those chasing not just growth but joy. Aptos (APT) has not been left out. Its leaping…
The largest electric vehicle (EV) manufacturer, Tesla, released its financial report for Q1 2024 with no signs of selling any of its Bitcoin (BTC) holdings while its total revenue plunged. According to the report, Tesla’s total revenue declined by 15.3% between Q4 2023 and Q1 2024 — falling from $25.1 billion to $21.3 billion. The company’s total gross profit plunged from $4.4 billion to $3.6 billion over the past two quarters. However, despite the decreased revenue, Tesla didn’t sell any of its 9,720 BTC holdings, per data from Bitcoin Treasuries,…