Is a Hundredfold Increase in ETH Demand Possible?
Some commentators note that Based Rollups align incentives between Ethereum layer 2 and base layer validators, which could result in a deflationary issuance again.
Sep 11, 2024Markets
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Bitcoin Mining in a Challenging Period in September
September could be a tough month for Bitcoin miners as the network hashrate continues to rise while Bitcoin's value remains below $60,000. This could result in further reductions in mining profitability.
Sep 11, 2024Net Positive Flow in Bitcoin and Ethereum ETFs
Spot Bitcoin exchange-traded funds (ETFs) in the US have recently experienced a notable increase in net positive flows, while spot Ether ETFs have also recorded net inflows, ending a five-day streak of outflows. This shows that investors' interest in crypto assets continues, but the volatile markets are generally challenging.
Sep 11, 2024Metaplanet Purchased $2 Million Bitcoin
Japanese investment firm Metaplanet continues its aggressive strategy of allocating Bitcoin, this time purchasing $2 million worth of the cryptocurrency.
Sep 10, 2024How Does the Fed's Interest Rate Decision Affect the Crypto Market?
CoinShares predicts that the possibility of a 50 basis point interest rate cut by the US Federal Reserve (Fed) increases after the inflation report to be announced on September 10. This development comes after major outflows in cryptocurrency investment products.
Sep 9, 2024Ethereum Foundation Sells 450 ETH for 1.029 Million DAI
The Ethereum Foundation continues its ETH sales this year without slowing down and most recently sold 450 ETH for 1.029 million DAI.
Sep 9, 2024Kraken: Clarity is Essential in Australian Crypto Regulations
Kraken criticized the uncertainty of crypto regulations in Australia, highlighting the need for urgent reforms to the country's current regulatory framework. The Federal Court's ruling that Kraken's fiat margin trading product violated local laws was met with great disappointment by the exchange.
Sep 9, 2024BTT Token Rises 16%: Market Value 889 Million Dollars
BitTorrent's BTT token has experienced a remarkable price increase in recent days.
Sep 9, 2024Activity Decline in Ethereum and Bitcoin Networks!
The report states that activity on the Ethereum and Bitcoin blockchains has decreased and paused.
Sep 6, 2024$1 Billion Outflow in US Bitcoin ETFs!
Spot Bitcoin exchange-traded funds (ETFs) in the US recorded net outflows in excess of $1 billion between August 27 and September 5.
Sep 6, 2024Riot Platforms Plans to Increase Mining Capacity Despite the Decline in Bitcoin Production
Riot Platforms, which mines Bitcoin, announced that it experienced a decrease in Bitcoin production in August 2024, but continues to increase mining capacity and optimize energy costs with its expansion plans.
Sep 6, 2024Bitcoin ETFs on Exit, Fear in Crypto Market
While spot Bitcoin exchange-traded funds (ETFs) in the US have experienced large outflows in recent days, outflows in Ether ETFs have been more limited. Increasing uncertainty in the crypto market and economic recession concerns have shaped the activity in these funds.
Sep 6, 2024Bitcoin Drop Could Be a Warning for Traditional Assets
Weakness in the crypto market could be a warning sign for traditional risk assets, says one analyst. Bitcoin (BTC) fell below the $57,000 level on Thursday, paring back Wednesday's gains. Ongoing concerns about the strength of the U.S. economy have led investors to sell risky assets.
Sep 5, 2024Tension Grows Between Bitfarms and Riot Platforms!
Canada-based Bitcoin (BTC) mining company Bitfarms made serious criticisms of the board changes proposed by its rival Riot Platforms.
Sep 5, 2024Dogwifhat's Open Interest Increases, Price Drops to $1.57
Dogwifhat's open interest has increased noticeably since August 25, with its price trading below $1.90.
Sep 5, 2024Can Bitcoin DeFi Overtake Ethereum?
The total amount of capital used in Bitcoin-based decentralized finance (DeFi) protocols could surpass that of the Ethereum network in the next two years, a Bitcoin DeFi developer states.
Sep 5, 2024Switzerland's Big Bank ZKB Enters the Crypto Market
Zurich Cantonal Bank, one of the largest banks in Switzerland, has started offering cryptocurrency trading services for its customers. According to official Alexandra Scriba, Zurich Cantonal Bank will undertake the function of securely storing the private keys of its customers.
Sep 4, 2024Mining Revenues Are at Their Lowest Level!
According to a new research report published by JPMorgan, Bitcoin (BTC) mining profitability is at its lowest levels in history.
Sep 4, 2024