Finance
According to JPMorgan, cryptocurrency ETFs from BlackRock and Fidelity are outpacing the investment product GBTC in liquidity metrics. The spot Bitcoin ETFs offered by BlackRock and Fidelity Investments are surpassing Grayscale Investments' cryptocurrency fund in two liquidity metrics, as reported by The Block, citing information from JPMorgan Chase. In
Finance
The Energy Information Administration (EIA) has released a report on the electricity consumed by cryptocurrency miners. In 2023, companies engaged in cryptocurrency mining consumed as much electricity as the entire country of Australia. The agency noted the rapid development of the mining sector in the United States. According to the
Finance
In a groundbreaking move, Geometric Energy Corporation (GEC) has paid SpaceX in DOGE tokens to reschedule the launch of the DOGE-1 satellite. The decision comes as the equipment readiness posed challenges to the original launch timeline, as reported by various media outlets. CEO of GEC, Samuel Reid, announced the unprecedented
Finance
In the rapidly evolving world of cryptocurrency, the prominence of Tether (USDT) has been a subject of much debate and analysis. JPMorgan, a leading global financial services firm, has raised concerns over the growing dominance of Tether, citing potential negative impacts on the cryptocurrency market at large. The insights from
Finance
In a recent discussion, Vitalik Buterin, the renowned co-founder of Ethereum, shared his insights on the promising applications of Artificial Intelligence (AI) in the realm of cryptocurrency. His perspective offers a fresh look at how these two cutting-edge technologies could interplay, potentially revolutionizing the way we interact with digital assets
Finance
In a significant move within the world of finance and cryptocurrency, YieldMax, an investment firm, has submitted an application to the U.S. Securities and Exchange Commission (SEC) for the creation of a unique Exchange-Traded Fund (ETF) focused on deriving income from Bitcoin options. This innovative financial product, if approved
Finance
Introduction In the ever-evolving and dynamic world of cryptocurrency, controversies are not uncommon. A recent storm has been brewing around Ape Terminal, a notable player in the crypto space, which has been accused of fraudulent activities involving the SatoshiVM (SAVM) token. This article delves into the events that unfolded, the
Finance
In a recent episode of the Bitcoin.com News podcast, a platform renowned for its in-depth interviews with prominent figures in the realms of cryptocurrency, Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), and the Metaverse, we had the privilege of hosting Justin Sun. As the founder of Tron and an advisor
Finance
In a significant development in the cryptocurrency sector, the embattled crypto exchange FTX has made a substantial move by offloading approximately $1 billion worth of GBTC shares. This large-scale transaction involves the sale of 22 million shares of GBTC since the trust's conversion into a spot Bitcoin ETF
Finance
In a recent development that has raised alarms in the cryptocurrency security community, Trezor, a prominent provider of hardware wallets, has issued a warning to its users regarding a potential phishing attack. This announcement follows the analysis of a security incident that occurred on January 17, where unauthorized access was
Finance
In a recent analysis, JPMorgan, one of the leading financial institutions, has predicted a potential short-term decline in Bitcoin's price. This forecast is primarily attributed to the profit-taking activities of investors in the Grayscale Bitcoin Trust (GBTC), a popular investment fund by Grayscale Investments. The situation is closely
Finance
In a recent and pivotal development within the realm of U.S. politics and finance, former President Donald Trump, a notable figure in the Republican leadership race, has made a bold promise to ban the creation of Central Bank Digital Currencies (CBDCs) if he is elected. This announcement, made during