Tag: Report

Inside Bitcoin Mining’s 2024 Revolution: Report Reveals Triumphs and Trials

boss

The 2024 bitcoin mining industry reached historic milestones while grappling with significant obstacles, according to an extensive report sponsored by Nicehash and authored by Digital Mining Solutions and Bitcoinminingstock.io. The comprehensive study sheds light on unprecedented network expansion, advancements in hardware efficiency, and major economic transitions. Nicehash and Digital Mining Solutions Showcase the Bitcoin Mining […] Original

Trump-Fuelled Bitcoin Rally May Fade Ahead Of January FOMC Meeting: Report

boss

Este artículo también está disponible en español. A recent report by digital assets research firm 10x Research highlights that the US Federal Reserve’s (Fed) stance on interest rate cuts remains the most significant hurdle that could dampen the current Bitcoin (BTC) rally. Bitcoin’s Trump-Fuelled Rally At Risk Ahead Of FOMC Meeting Since pro-crypto Republican candidate Donald Trump secured victory in the November presidential election, Bitcoin has climbed an impressive 47%, rising from approximately $67,500 on November 4 to around $99,700 as of January 6. Related Reading While further gains are…

Bitcoin becomes 7th largest global asset, stablecoins and AI drive crypto in 2024: report

boss

A new Binance report for December highlights bullish and notable trends in the crypto space as we enter a new year. The cryptocurrency market closed in 2024 with a record-breaking performance. Bitcoin (BTC) broke through $100,000, driven by regulatory optimism, bullish sentiment, institutional adoption, and technological innovation. Binance’s December Research Monthly Market Insight report highlighted some growing trends that the firm saw in 2024, as well as in the month of December. Stablecoins like Ethena’s USDe (USDe) gained traction in decentralized finance, while artificial intelligence became a key transformative force. …

UAE’s Bitcoin mining firm Phoenix Group expands in US ahead of Nasdaq listing: report

boss

Abu Dhabi-listed Phoenix Group deepens its U.S. footprint with the opening of a 50 MW crypto mining site in North Dakota. Phoenix Group has opened a 50 MW crypto mining facility in North Dakota, as the Abu Dhabi-based firm doubles down on its plan to expand Bitcoin (BTC) mining operations in the U.S., per an Arabian Gulf Business Insight report. The facility will add over 2.7 exahashes to Phoenix Group’s mining arm once fully operational. Phoenix Mining chief executive Reza Nedjatian described the U.S. as a key market for the…

BTC and ETH Defy Expectations: Report Highlights Calm Markets Amid Year-End Options Expiry

A collaborative study from Bybit and Block Scholes provides an in-depth examination of bitcoin (BTC) and ether (ETH) derivatives, shedding light on market behavior during the pivotal 2024 year-end options expiration. Bitcoin and Ethereum Open Interest: Bybit and Block Scholes Report Highlights a Picture of Stability The Bybit and Block Scholes analysis shared with Cryptox.trade […] Source CryptoX Portal

Bitcoin perpetual swaps stabilize amidst year-end, Ethereum options on track for short-term volatility: report

boss

Bybit and Block Scholes’ latest report reveals that the Bitcoin options market maintained stability in the face of year-end expirations, while Ethereum options are poised for brief volatility. According to a report published by crypto exchange Bybit and analytics platform Block Scholes, open interest in Bitcoin (BTC) perpetual swaps remained stable throughout the year-end expirations. This stability came as a surprise, as options nearing their expiration date typically cause price swings. The report suggests that traders are cautious but confident enough in their options’ stability that they did not overly…

Report: Wall Street Giant Morgan Stanley Eyes Crypto Services Through E-Trade

As reported by The Information, E-Trade, the online trading arm of Morgan Stanley—an asset management titan handling $1.2 trillion—is contemplating a leap into cryptocurrency services. The buzz surrounding more lenient crypto regulations during the Trump administration may have sparked E-Trade’s interest in this potential venture. Morgan Stanley’s E-Trade Reportedly Poised to Dive Into the Crypto […] Source CryptoX Portal

Ethereum To Outperform Bitcoin In 2025? Report Predicts $8,000 ETH Price

boss

Este artículo también está disponible en español. According to a recent report by Steno Research, Ethereum (ETH) is poised to outperform Bitcoin (BTC) in 2025. This outlook is attributed to historical trends and the anticipated impact of favorable cryptocurrency regulations following Republican presidential candidate Donald Trump’s victory in the November election. Will 2025 Be The Year Of Ethereum? While the overall cryptocurrency market surged to unprecedented heights this year – reaching an all-time high (ATH) total market cap of $3.9 trillion – Ethereum, the second-largest cryptocurrency, has lagged behind in…

Former CEO of Crypto Exchange Bithumb Sentenced to Two Years in Prison: Report

boss

Former Bithumb CEO Lee Sang-jun has reportedly been sentenced to prison after being found guilty of receiving cash and gifts to engage in a fraudulent token listing scheme.  Local Korean news outlet The Hankyoreh reports that the Seoul Southern District Court has sentenced the 55-year-old to two years behind bars and ordered him to pay a fine of 52 million won ($35,367) for receiving money and lavish items as bribes from businessman Kang Jong-hyun. Kang allegedly shelled out 3 billion won (roughly $2 million) in cash and over $272,000 worth…

Report: Montenegro Agrees to Extradite Terraform Labs’ Do Kwon to the US

Montenegro has greenlit the extradition of Terraform Labs co-founder Do Kwon to the United States, possibly settling a tug-of-war between the U.S. and South Korea, according to Bloomberg. Do Kwon’s U.S. Extradition Approved Amid Fraud Charges Montenegro’s Justice Ministry made the announcement, highlighting that “most criteria envisaged by the law are in favor of the […] Source CryptoX Portal