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Cryptocurrency Mining and Renewable Energy: Bitcoin, BlockDAG Network, and Ethereum Lead Sustainability
London, UK, March 28, 2024 (GLOBE NEWSWIRE) — Cryptocurrency mining has long faced scrutiny for its excessive energy consumption and subsequent environmental impact. In 2022, The White House discovered that crypto assets accounted for 0.4% to 0.9% of the total…
Bitcoin Surpasses $70,000 Mark As Halving Looms: Trader Sees BTC ‘Less Than 4% From A Huge Breakout’
Bitcoin (CRYPTO: BTC) has seen significant gains, closing seven consecutive months in the green for the first time. Analysts are optimistic about Bitcoin’s bullish momentum, anticipating a $150,000 peak. What Happened: MicroStrategy chairman Michael Saylor tweeted that “Bitcoin is better”…
Edward Snowden Predicts SEC Will ‘Lose So Hard In Court’ against Coinbase: Gensler Had To Approve Bitcoin ETFs ‘With Tears In His Eyes’
Whistleblower and Bitcoin (CRYPTO: BTC) supporter Edward Snowden isn’t bothered by the U.S. Securities and Exchange Commission’s latest legal wrangling with Coinbase Global Inc. (NASDAQ:COIN). What Happened: Snowden’s comment came in response to a tweet about a court ruling allowing…
Bitcoin: New ATH before halving? Traders are betting on $77,000 because…
Fierce long positions and a large OI suggest that shorts are at risk. Indicators presented a bullish bias that could drive Bitcoin toward $77,000. Bitcoin [BTC] traders are at it again. But this time, they are not wagering big money, and…
Bitcoin Trades Above $70,000 Following GDP, Jobless Claims Data; GateToken Emerges As Top Gainer
Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading above the key $70,000 level on Thursday. Ethereum (CRYPTO: ETH), however, recorded losses, falling below the key $3,600 mark this morning. GateToken (CRYPTO: GT) was the top gainer over the…
Kerrisdale Capital Is Short MicroStrategy Stock, Long Bitcoin: ‘Things Have Gotten Carried Away’
Short-selling investment firm Kerrisdale Capital has MicroStrategy Inc (NASDAQ:MSTR) in its crosshairs. The short seller released a bearish report on the stock Thursday and announced a short position as part of a pair trade. What To Know: MicroStrategy serves as…
US and UK investigate Russian cryptocurrency transactions worth $20 billion – Bloomberg
The US and UK have begun scrutinizing cryptocurrency transactions totaling over $20 billion that have passed through a Russian exchange, reports Bloomberg. It is noted that payments were processed through the Moscow-based cryptocurrency exchange Garantex using the Tether cryptocurrency, which…
Bitcoin: Here’s how far along we might be in the bull cycle
BTC ETF flows could impact Bitcoin’s “cyclicality” Popular analyst claimed we’re less than 40% into the bull cycle Traditionally, Bitcoin [BTC] has a strict four-year market cycle that surges during the halving event. Based on this market cycle theory, altcoin season always starts…
Rethinking Retirement: BlackRock CEO Shares Ideas on Fixing It
This content was originally posted on Valuewalk.com The CEO of the largest investment-management firm in the world has some thoughts on fixing what’s broken about the retirement … Read more
BlackRock CEO’s ETF comments boosts Ethereum (ETH) and Algotech (ALGT)
BlackRock CEO Larry Fink believes a spot Ethereum ETF is possible even if SEC designates ETH a security. Markets are upbeat amid this outlook despite current weakness. Meanwhile, investors eyeing new gems have identified new token Algotech (ALGT). BlackRock CEO…
Bankman-Fried sentenced to 25 years in prison
Sam Bankman-Fried has been sentenced to 25 years in prison. FTX imploded in November 2022, with customers losing billions of dollars in assets. Sam Bankman-Fried, the founder and former CEO of collapsed crypto exchange FTX, has been sentenced to 25…
If You Invested $1,000 In Bitcoin When Sam Bankman-Fried Was Arrested, Here’s How Much You’d Have Now
Former FTX CEO and co-founder Sam Bankman-Fried was sentenced to 25 years in prison on Thursday in a highly publicized criminal fraud case. Here’s a look back at the downfall of FTX and Bankman-Fried and how much you could have…
Ethereum whale cashes out 17,000 ETH – Here’s what it means for you
An investor holding a large amount of ether (ETH), a so-called whale, who began trading the Ethereum blockchain’s native token in 2017 moved a large chunk of it to crypto exchange Binance on Wednesday, in a possible precursor to liquidating the…
BlackRock’s Spot Bitcoin ETF Amasses 250,000 BTC As Fidelity’s Crosses $10 Billion AUM
BlackRock’s (NYSE: BLK) IBIT (NASDAQ: IBIT) spot Bitcoin exchange-traded fund crossed 250,000 BTC ($17.7 billion) in assets under management on Wednesday, just 11 weeks after trading began on Jan. 11. BlackRock’s Bitcoin ETF had already accumulated 245,951 BTC as of…
Bitcoin: Analyst predicts more ‘upside’ for BTC despite THIS ‘net neutral’
Grayscale’s GBTC total cumulative outflows hit $14.15 million Coinbase analyst sees GBTC selling linked to Gemini as “net neutral” The new U.S spot Bitcoin [BTC] ETFs recorded net outflows throughout last week. Grayscale’s GBTC led the outflows, totaling $2.1 billion. As Q1…
Bitcoin Halving countdown – Why this 20-month high is sign of things to come
Supply held by wallets with 10 – 10k coins surged to a 20-month high. An analyst noted higher chances of Bitcoin hitting $72.8k in the days ahead. Investors started to increase Bitcoin [BTC] exposure in their portfolios as the countdown to the…
How Bitcoin’s $70K hike unveiled something interesting about traders
Open Interest in BTC surged as price reached the $70,000 mark. Traders continued to make their bets despite high amount of liquidations. Bitcoin [BTC] has inspired massive optimism from traders in the crypto space as the price of BTC surged and…
Retired N.J. corrections officer admits $600K crypto scam
A former corrections officer admitted Monday that he orchestrated two different scams, including a cryptocurrency scam, that targeted first responders and cost his victims more than $600,000, federal prosecutors announced Tuesday. John DeSalvo, 47, of Linwood, pleaded guilty in Newark…
Larry Fink’s BlackRock Deploys $100M Onto Ethereum’s Blockchain: World’s Biggest Asset Manager Has Big Plans For Crypto
BlackRock Inc., the world’s largest asset manager, has deployed $100 million onto Ethereum anticipating the approval of BlackRock’s new Digital Liquidity Fund. CEO Larry Fink believes tokenization and exchange-traded funds (ETFs) will revolutionize finance, and many experts believe the tokenization…
Will Coinbase’s new moves calm decentralization concerns?
Coinbase has opted to move customer and corporate USDC balances on-chain. It will save the firm on settlement speed and costs, but decentralization concerns persist. Coinbase is shifting towards an on-chain financial entity after stating it will move customer and…