Tag: Bitcoin

A government or corporate entity can destroy the Bitcoin network

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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Destroying the Bitcoin network, which is a decentralized and distributed system, would be an arduous task. One day, however, state actors might set their targets on Bitcoin (BTC) in an effort to destroy the best money in the history of the world. Here’s how they might go about eliminating Satoshi Nakamoto’s invention. One way that governments could limit the growth of the Bitcoin network is through regulatory…

Over 80% Of Bitcoin Holders Now In Profit

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In the last week, Bitcoin has garnered much attention, gaining 2.58 % in seven days, according to data from CoinMarketCap. During this time, the premier cryptocurrency has moved from trading around  $37,800 to almost breaching the $39,000 price mark.  Following this positive price movement, Bitcoin has recorded some impressive metrics, which could bolster investors’ interest in the coming weeks. Bitcoin Experiences Highest Profitability Level In Two Years Via a Friday post on X, blockchain analytics firm IntoTheBlock reported that 81.35% of all Bitcoin holders are currently in profit. This marks…

Bitcoin A Tad Closer To $40,000

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Maintaining its lofty position—the highest it has reached in the last 18 months—Bitcoin is once again on the edge of a potential price increase. With a notable 10% gain over the previous month and more than a doubling of its value over the same period last year, the markets valued Bitcoin (BTC) at over $38,600 on Friday morning. The alpha coin’s supporters credit its strong success thus far to the excitement around spot Bitcoin ETFs, like the one put up by BlackRock, which might be approved at any time. During…

Bitcoin price hits $39K as Powell stirs bets Fed rate hikes are over

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Bitcoin (BTC) hit $39,000 for the first time since mid-2022 on Dec. 1 as the United States Federal Reserve boosted hopes of policy easing. BTC/USD 1-hour chart. Source: TradingView Powell: Calling end to hikes would be “premature” Data from Cointelegraph Markets Pro and TradingView confirmed a new 19-month BTC price high of $39,000 on Bitstamp. Bitcoin bulls, already in a strong position, beat out resistance as Fed Chair Jerome Powell took to the stage at Spelman College in Atlanta, Georgia for a scheduled appearance. “The FOMC is strongly committed to…

Bitcoin ETF Approval Date Hinted By Expert: SEC Decision Expected January 5th

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Anticipation is building as major asset managers’ predicted approval date for Bitcoin ETF applications approaches 2024. Experts have now issued bold predictions, with Bloomberg exchange-traded fund (ETF) expert James Seyffart pinpointing the potential approval window from January 5th to January 10th.  The significance of this timeframe has sparked excitement within the cryptocurrency community, as the approval could mark a major milestone for the industry. However, experts emphasize that failure to approve during this window could have significant implications for the SEC and potential ETF applicants. Bitcoin ETF Approval Expected On…

How To Trade Bitcoin – CryptoX

Generally speaking, selling Bitcoin isn’t quite as straightforward as buying bitcoin. However, it is not impossible to learn. If you follow this guide, you will learn all the information you need to start trading bitcoin! For those leaning towards selling their bitcoin, you will first need to consider which method best suits your situation. For instance, do you want to sell your bitcoin online or sell it in person? Both options have their fair share of advantages and disadvantages.   Source Image: Deposit Photos: @nils.ackermann.gmail.com   1. Selling Bitcoin in…

Grayscale poaches Invesco exec ahead of potential Bitcoin ETF

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GBTC’s issuer added an ETF veteran to its ranks following constructive talks with the Securities and Exchange Commission over approval for spot Bitcoin funds. Digital asset giant Grayscale Investments has hired John Hoffman, a former high-ranking executive at Invesco, to aid its efforts toward bringing America’s first spot Bitcoin (BTC) ETF to market amid growing interest in the world’s top cryptocurrency.  Hoffman was onboarded as Grayscale’s managing director, head of distribution and partnerships, a strategic role pivotal to growing financial products.  He arrived at the firm with nearly two decades’…

AntPool surpasses Foundry as top Bitcoin miner

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AntPool, a mining pool linked to Bitmain, overtakes Foundry USA as the leading Bitcoin mining pool, for the first time since January 2022. The development, based on the quantity of monthly blocks mined, was recorded for the first time since January 2022, coming amidst the aggressive distribution of Bitmain’s latest mining equipment. Hashrate Distribution | Blockchain.com The latest data from Bitcoin’s network indicates that in November, Antpool successfully mined 1,219 blocks, marginally outpacing Foundry USA, which mined 1,216 blocks. Antpool’s mining efforts have yielded substantial rewards for its clientele, amassing…