The boss of Marathon, America’s largest crypto mining firm, recently highlighted the impact of spot Bitcoin ETF approvals on the cryptocurrency market. According to Fred Thiel, the ETF approval has accelerated what would have been the post-halving rally. This approval has attracted capital into the market and brought forward the price appreciation that is typically
Crypto
The introduction of U.S. Bitcoin spot ETFs has caused quite a stir in the market, with net inflows reaching $12.3 billion in just three months. Analysts are closely monitoring the effect of these ETFs on the broader Bitcoin market, especially when compared to existing futures and spot markets through on-chain data analysis. The Grayscale Bitcoin
Recently, an anonymous cryptocurrency investor known as “Sell When Over” on X revealed a devastating loss of $800,000 as a result of alleged malicious Google Chrome browser extensions. The investor initially noticed a loss of $500,000 from various wallet applications and suspected that they had been the victim of an extension attack after discovering two
In the first quarter of 2024, Ethereum and its Layer 2 scaling solution, Polygon, have emerged as the top contenders in the blockchain space, attracting a significant number of new users. According to a recent report by Flipside, these two platforms have collectively acquired the highest number of new users among observed EVM chains since
The Bitcoin halving is a significant event that occurs approximately every four years. This built-in mechanism is designed to slow down the process of creating new BTC, ultimately ensuring that the last Bitcoin will be mined over a hundred years from now. With more than 19.6 million Bitcoins already in existence, the reduction in production
Ethena Labs, the team behind the synthetic dollar-pegged offering USDe, has recently announced the integration of Bitcoin (BTC) as a backing asset. This decision comes as a strategic move to scale USDe’s supply beyond its current $2 billion mark. Highlighting the significance of incorporating BTC, Ethena Labs emphasized the role of Bitcoin in enhancing USDe’s
The recent correction in the cryptocurrency market has caused Bitcoin (BTC) to experience a 6% decrease in its price over the past week. Currently trading around $65,400, BTC has been impacted by profit-taking from long-term holders who took advantage of the asset’s price reaching above $73K. Despite the downward trend, there remains a sense of
The recent report from industry analytics provider Glassnode indicates a shift in behavior among long-term Bitcoin holders, who have begun distributing and selling to new investors as prices reach new highs. This article will delve deeper into the implications of this trend and its impact on the cryptocurrency market. According to Glassnode, the realized cap
March proved to be a record-breaking month for the Bitcoin mining industry, with miners collectively earning over $2 billion for securing the leading cryptocurrency network. This figure far surpasses the earnings of the previous two months, with miners raking in an average of $65.23 million per day over the course of the month. Dependence on
In March 2024, blockchain security firm PeckShield reported a surge in crypto hacks, with more than 30 incidents leading to approximately $187.29 million in losses. This wave of attacks has dealt a blow to the progress of the DeFi sector, causing concerns among investors and users alike. Despite the significant losses incurred, there is a
The government of Argentina recently implemented strict regulations requiring all local crypto firms to register with a new regulatory body dedicated to the sector. Firms that fail to comply risk being prohibited from operating entirely, marking a significant shift towards stricter oversight in the crypto industry. On March 14, the nation’s senate passed legislation approving
Bitwise Asset Management, a prominent provider of cryptocurrency index funds, has made a bold move by urging the U.S. Securities and Exchange Commission (SEC) to postpone approval for a spot Ethereum Exchange-Traded Fund (ETF) until December. The company’s Chief Investment Officer, Matt Hougan, explained in an interview with Forbes that the industry’s current obsession with
In March, Shiba Inu (SHIB) saw a sharp increase in token burns, with billions of tokens being removed from circulation. The burn rate for the month totaled over 15.5 billion assets, marking a 2,300% increase compared to February. The most substantial burn took place on March 8, when nearly 14 billion SHIB tokens were sent
The increase in crypto crimes is a global concern, particularly with the recent surge in the market. One of the most vulnerable groups being targeted is the elderly, who are often lured into fraudulent schemes promising high investment returns in exchange for their funds. This trend has prompted authorities to step up their efforts to
