The countries in the European Union collectively account for 6% of the Bitcoin network’s hashrate while the U.S. has emerged as the world’s number one bitcoin miner, a new report has said. The economic bloc’s bitcoin mining prospects are however being hamstrung by geopolitical tensions and the region’s energy dependence. The EU’s Bitcoin Mining Prospects…
BitMEX founder Arthur Hayes says that reckless money printing has likely already begun to send Bitcoin (BTC) on another bull run. In a new interview with Laura Shin on the Unchained podcast, the crypto veteran says that the global banking system has been very accommodating to Bitcoin despite an official stance of tight monetary policy…
With Ethereum transaction activities increasingly shifting to Layer 2 (L2) networks, the ecosystem is bracing for a potential new bull run, one that could be predominantly led by these L2 platforms like Arbitrum and Optimism. The surge in L2 transactions, which have grown by an astounding 90 times since 2021, paints a clear picture: The…
Major asset managers, including Blackrock, Fidelity, Bitwise, and Wisdomtree, submitted their revised spot bitcoin exchange-traded fund (ETF) filings shortly before the deadline set by the U.S. Securities and Exchange Commission (SEC) on Friday afternoon. The securities regulator reportedly wants authorized participants named in the filings. The Race Is on for Spot Bitcoin ETFs Spot bitcoin…
TRB, the native cryptocurrency of the Tellor Tributes (TRB) Protocol, continues on its unstoppable rally surging past $240 levels. At press time, Tellor Tributes’ (TRB) price is up by 9% trading at $243 levels with a market cap of $614 million. Active Buying By Tellor Whales The TRB price has been on a mega rally…
According to Lookonchain, an Ethereum whale has recently made a huge purchase of 25,674 ETH; however, this action could backfire if the price of ETH falls below a specific threshold, triggering a liquidation event. From all indications, it appears that the whale obtained the said ETH from MakerDAO. This decentralized lending platform allows users to…
A yield farmer has captured widespread attention in the crypto community for adeptly turning a modest $9,414 sum into an impressive return on investment (ROI) of 104,564%. Prominent crypto on-chain resource Lookonchain recently posted details about how the yield farmer attained the feat through trading the new OmniCat (OMNI) meme token. Per Lookonchain’s disclosure, the…
With its U.S. dollar value having risen by nearly 160% since the start of the year, bitcoin is set to end 2023 as one of the best-performing assets. Only semiconductor giant Nvidia’s stock has outperformed the top crypto asset in 2023 so far. Key moments such as Blackrock’s spot bitcoin exchange-traded fund (ETF) announcement and…
Trader and financial analyst Peter Brandt says that BTC “halving hype is a whole lot of excitement over nothing,” while developments point to imminent SEC action on the spot bitcoin exchange-traded fund (ETF) front. In other popular news this week, Ethereum co-founder Vitalik Buterin makes a hefty ETH transfer to Coinbase, attracting attention and sparking debate. This and more…
In the last week, sales of non-fungible tokens (NFTs) have fallen by 12.26%, totaling $463.87 million, marking a decrease from the previous week. NFTs centered around Bitcoin topped the chart, amassing $265.61 million in sales, despite a 13.71% decline from the preceding week. Meanwhile, Solana NFTs climbed to the second rank, relegating Ethereum to third…
