Report Reveals Renewed Interest in Bitcoin From US ETFs
Glassnode’s report highlights concerning scarcity of purchasable bitcoin amid high demand, potentially leading to increased price volatility. In a recent report published by blockchain analytics company Glassnode, an in-depth analysis of the actual availability of bitcoin for purchase has been conducted, revealing a concerning scarcity in the market. As the popularity and demand for cryptocurrencies continue to soar, market experts …
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The Potential Launch of a Bitcoin ETF in 2023 Boosts Market Confidence
ETF analysts express optimism about a Bitcoin ETF launching in 2023, citing growing investor demand and regulatory advancements in the cryptocurrency space. In a surprising turn of events, ETF analysts James Seyffart and Eric Balchunas have expressed their optimism regarding the likelihood of a Bitcoin exchange-traded fund (ETF) finally hitting the market this year. According to their assessment, the chances …
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HSBC Enables Customers to Trade Bitcoin and Ether ETFs via Mobile Apps
HSBC enables customers to trade Bitcoin and Ether ETFs through its mobile apps, signaling growing acceptance of cryptocurrencies by a major banking institution. Key Points HSBC, one of the world’s largest banking institutions, has announced that its customers can now trade Bitcoin and Ether exchange-traded funds (ETFs) listed on the Hong Kong stock exchange directly through the bank’s mobile …
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Marathon Digital CEO Predicts More Forced Exits Amidst Mounting Challenges in the Bitcoin Mining Sector
Key Points The CEO of Marathon Digital, Fred Thiel has sounded the alarm bells for Bitcoin miners, warning them of the mounting challenges that lie ahead. Thiel, a seasoned industry expert, believes that a range of factors including regulatory pressures, escalating energy costs, and the upcoming “halving” event, will make it increasingly difficult for miners to sustain their profitability. The …
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Tether Takes on Bitcoin Mining with Renewable Energy in Uruguay
Tether, a renowned issuer of a stablecoin, plans to invest in sustainable Bitcoin mining in Uruguay, citing the country’s renewable energy capabilities as the ideal spot for Bitcoin mining production. Tether has purchased a facility for energy production and sustainable Bitcoin mining in Uruguay, broadening its revenue mix to back its USDT stablecoin. This action aligns with Tether’s goal to …
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Bali’s Crypto Crackdown Targets Tourists as Bitcoin Payments Banned on the Island
As per the reports, the utilization of Bitcoin and other cryptocurrencies for transactions is now prohibited in Bali, Indonesia. Bank Indonesia, the central bank of the nation, had already restricted the use of cryptocurrencies as a payment mechanism in 2021. The objective of the prohibition on Bitcoin payments in Bali is to discourage tourists from utilizing virtual currency to buy …
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MicroStrategy Q1 2023 Revenue Soars and Bitcoin Strategy Still in Play
MicroStrategy’s Q1 2023 financial results are in, revealing that the company has returned to profitability. At $147.8 million, total revenue for the quarter was up 2.6% compared to that of 2022, generating a gross profit of $122.5 million – which is an impressive 82.9% gross margin. Even after all the ups and downs, they have still kept their Bitcoin strategy …
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UniSat Wallet’s Bitcoin Ordinals Extension Under Siege by Numerous Double-Spend Attacks
The Bitcoin Ordinals, a renowned add-on to the UniSat Wallet, has reportedly experienced a considerable number of double-spend attacks. Several individuals have expressed their concerns about the issue through social media, stating that their transactions were being reversed and their funds were being stolen. The UniSat Wallet team has acknowledged the problem and is currently taking the appropriate actions to …
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Bhutan Investing Millions in Bitcoin and Other Cryptocurrencies
Bhutan, a South Asian country recognized for its conservative financial practices and prioritization of Gross National Happiness, has garnered attention for its foray into the world of cryptocurrency. The Bhutanese government has invested in multiple cryptocurrencies, such as Ethereum, Dogecoin, and Bitcoin, with the total amount of investment undisclosed. ‘ Reaction to this Move Bhutan’s decision to invest in cryptocurrencies …
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Bitcoin Surges Past $30K Mark as Federal Reserve’s Outlook Changes
Bitcoin experienced a significant surge on Tuesday, surpassing the $30,000 mark for the first time since June 2022. This notable increase was attributed to market expectations of a more lenient Federal Reserve in the coming months, as well as an overall improvement in sentiment for the crypto space. Bitcoin Breaks $30k At the time of writing this article, the world’s …
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