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Bitcoin (BTC)

Growing Complexity in Bitcoin Mining Landscape Amidst Centralization Risks: Coin Metrics

While the Bitcoin market remained relatively stable in the latter part of Q3 as discussions about spot ETFs subsided, the hash rate exhibited consistent growth throughout the quarter. It recently reached a fresh milestone, surging from 250 EH/s at the start of 2023 to more than 400 EH/s this month. Bitcoin mining difficulty is also showing no signs of stopping as it set a new all-time high of 57.11 T. While hash price conditions remain challenging, the new Coin Metrics report...

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British Columbia Gangs Are Heavily into Crypto

British Columbia, Canada has been a hotspot for crypto crime as of late. One of the big things that’s happening is crypto is being used to launder illicitly funds garnered by organized crime rings. British Columbia: The Biggest Crypto Crime Spot? In a recent interview, Hilary Morden – an expert on gangs in British Columbia – shared the information she had on the topic. She has spoken with more than 100 individual gang members, mostly in 2016 and 2017 through a...

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Minimal Signs of Inscriptions Replacing Monetary Transfers, Glassnode Report Reveals

The trend coincided with a notable surge in block space demand – a trend that has happened on par with the release of Ordinals and Inscriptions. The elevated demand has been sustained ever since, according to Glassnode’s latest analysis. Despite the concerns surrounding Ordinals congesting the Bitcoin network, the blockchain intelligence firm suggests that there is “minimal evidence” that inscriptions are displacing monetary transfers. Are Inscriptions Displacing Monetary...

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Poof Payments Opens the Door to Crypto Transactions

Poof Payments Inc. – a platform that has become a leader in the world of web3 crypto payment solutions – has recently unveiled its new “Pay with Anything” feature. This allows users to pay or process invoices through a wide array of digital currencies such as Cardano, Avalanche, Ethereum, and practically any other asset they can think of. Poof Payments Allows Altcoin Payments The move is pushing the goals of bitcoin and its digital counterparts closer to being...

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ETF Bitcoin : La SEC reporte encore sa décision

Sans surprise, la Securities and Exchange Commission [1] a encore reporté sa décision d’approuver ou de rejeter les demandes de création d’ETF Bitcoin au comptant [2] d’ARK Invest et de Global X. Interrogé aujourd’hui par la Commission des services financiers (Committee on Financial Services) de la Chambre des représentants des États-Unis, Gary Gensler n’a livré aucune information sur la position...

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Inflation is Rising Again; Could BTC Benefit?

According to a recent report issued by the U.S. Bureau of Labor Statistics, a 3.2 percent rise in the Consumer Price Index (CPI) occurred last July. This is a primary metric when tracking inflation, and the number suggests inflation has jumped for the first time in more than a year. Inflation is Going Up This means one of several things, a big one being that we’re still not out of the woods yet when it comes to economic issues. Prices are still going up, and...

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BIS Chief Urges Countries to Establish Legal Frameworks for CBDCs

According to the report, in some countries, central banks are directing their attention toward wholesale CBDCs, which are designed to facilitate the settlement of interbank transfers and other wholesale transactions. Agustin Carstens, the General Manager of the Bank for International Settlements (BIS), has urged countries to take immediate action in establishing clear legal frameworks to support the implementation of Central Bank Digital Currencies (CBDCs). The BIS chief made this appeal...

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Franklin Templeton Joins Race for Spot Bitcoin ETF

According to the filing, Coinbase will securely hold and manage the actual Bitcoin assets that underpin the ETF. The company has also confirmed that the Bitcoin ETF will be listed and traded on the Cboe BZX Exchange, Inc. Franklin Templeton, an asset management company, has entered the competition among companies aiming to offer spot Bitcoin ETFs. This was made known through a September 12 filing with the Securities and Exchange Commission (SEC). According to the filing, Coinbase will...

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Pressure Mounts on SEC’s Gensler as US House Lawmakers Request ‘Immediate’ Approval of Spot Bitcoin ETF

Bitcoin ETFs provide an easy way for investors to put their funds into the cryptocurrency market. The crypto industry is rife with anticipation for the Securities and Exchange Commission (SEC) to approve spot Bitcoin exchange-traded fund (ETF) applications. However, the extended clamor may now have the right backing as four members of the House Financial Services Committee – two from each party – have just written a letter to that effect. In the Tuesday letter obtained by Coinspeaker, the...

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