Bitcoin (BTC) achieved a jaw-dropping feat as its hash rate surged to 500 exahashes per second, stirring a reaction from Tesla founder Elon Musk. The development was shared in a tweet today by Yassine Elmandjra, the Director of Digital Assets at leading asset management firm Ark Invest. According to Elmandjra, Bitcoin’s hash rate reached a…
On-chain data has hinted at the factors causing Bitcoin’s value to regress amid the presence of institutional players. Over the past week, Bitcoin experienced more pronounced declines, contrary to expectations following the approval of the Bitcoin spot ETF. Bitcoin nearly retested $49k on January 11 after the spot BTC ETF approval. This clearance has ushered…
Vitruveo is not just another blockchain platform; it is a dedicated Blockchain for Creators, utilizing an EVM-based protocol as the bedrock for constructing a decentralized ecosystem. Focused on empowering creators in various domains, Vitruveo aims to unlock sustainable income for visual artists, musicians, gamers, filmmakers, and beyond, by fostering trust, leveraging technology, and building a…
XRP might have started the year on a bearish note, but expanded on-chain data shows it is one of the best-performing mega-cap altcoins in the market. XRP has a gloomy outlook as its price and market capitalization are down 2.24% in the past 24 hours to $0.5489 and $29,827,674,649, respectively. While there is a 21.6%…
On-chain data shows how a trader turned $1 million into several millions after being the first to buy into a newly launched token. The cryptocurrency industry is rife with money-making opportunities. However, having the right amount of capital and tools, as well as being right on time, can make the difference between making and losing…
With 2024 off to a rough start for many altcoins, ChatGPT and Google Bard have predicted what price Terra Classic (LUNC) will be trading at by year-end. Terra Classic remains one of the most battered altcoins in the bearish consolidation recorded this year. As of January 1, the token had a market valuation of $0.0001439,…
Current data suggests that, four days after spot BTC ETF products went live, the BlackRock iShares Bitcoin Trust (IBIT) leads with over $1 billion inflows within this period. The US Securities and Exchange Commission (SEC) approved the first batch of spot Bitcoin exchange-traded funds (ETFs) on Jan. 10, opening the doors for institutional investors to…
A notable personality in the crypto scene invites other industry leaders to submit applications for an XRP exchange-traded fund (ETF), daring the U.S. SEC to decline assenting to it. In a recent post on X, Yassin Mobarak, the founder of Dizer Capital, encouraged financial asset managers to pursue the creation of an XRP spot ETF…
Fox Business journalist Charles Gasparino says BlackRock has no plans to launch an XRP spot-based exchange-traded fund (ETF). Over the past few weeks, there have been speculations that BlackRock, the world’s largest asset manager, might be considering launching a spot-based exchange-traded fund (ETF). Speculations About BlackRock Exploring XRP ETF During an interview last week, BlackRock…
Bitcoin (BTC) continues to make waves, as the market for the recently-launched spot BTC ETF products displaces Silver to become the second-largest commodity ETF in the United States. This feat comes about a week after the US Securities and Exchange Commission (SEC) approved 11 spot Bitcoin ETF applications from a mix of the industry’s asset…