Crypto news

Coinspeaker51% Attacks on Bitcoin and Ethereum Won’t Be Possible Any Further, Says Coin Metrics As per Coin Metrics researchers, the 51% attacks on Bitcoin could cost anywhere $20 billion, and huge mining machinery, which makes it practically impossible. 51% Attacks on Bitcoin and Ethereum Won’t Be Possible Any Further, Says Coin Metrics

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Bitcoin cash price started a downside correction from the $292 zone against the US Dollar. The price is now trading above the $260 zone and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support at $265 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it breaks the $265 and $255 support levels. Bitcoin cash price is declining from the $292 zone against the US Dollar,...

Brian Nelson was grilled during a House Financial Services Committee hearing providing oversight of the Financial Crimes Enforcement Network (FinCEN) and the Office of Terrorism and Financial Intelligence, according to a press release from Representative Tom Emmer on Feb. 14. Treasury Undersecretary Brian Nelson had to answer for reports that Hamas received $41 million and Palestinian Islamic Jihad received $93 million in cryptocurrency donations. He admitted that the...

Since the introduction of spot Bitcoin ETFs earlier this year, GBTC has experienced substantial outflows, resulting in its AUM (Assets Under Management) decreasing to $23.7 billion as of Thursday. While Grayscale has maintained its leading position among its competitors, its market share appears to be dwindling. Receding GBTC Outflows Between January 11-21, the Grayscale Bitcoin Trust (GBTC) dominated the spot ETF market, commanding over 50% of trade volumes. However, recent...

JPMorgan has boosted its outlook on Coinbase stock (COIN) from “underweight” to “neutral” after following a better-than-expected crypto market rally to kick off the year. In a research report shared with CryptoPotato, the bank’s analysts argued that Bitcoin has experienced “meaningful price appreciation” after the launch of Bitcoin spot ETFs last month. JPMorgan’s Revised Coinbase Outlook Led by financial analyst Kenneth B. Worthington, the authors wrote: “Given the...

Inflows from the new spot Bitcoin exchange-traded funds (ETFs) are the major reason BTC has experienced a significant uptick, surpassing the $50,000 level and exceeding $52,000. According to a tweet by Marc van der Chijs, Bitcoin investor and founder of several crypto firms, including miner Hut 8, ETF issuers are buying more than 10-12x the amount of BTC produced daily, and this is leading to a 2% price increase, which is roughly $1,000, per day. ETFs’ Impact on BTC’s Price...

After experiencing heightened buying pressure and a robust surge, Bitcoin’s price has breached a significant resistance region, notably the psychological threshold of $50K and the upper boundary of the multi-month ascending channel. This signals a notable bull market, with investors eyeing the possibility of Bitcoin reaching new all-time highs in 2024. Technical Analysis By Shayan The Daily Chart Upon careful examination of the daily chart, it’s clear that Bitcoin’s price has...

[PRESS RELEASE – Singapore, Singapore, February 15th, 2024] Cloudax.io announces the official launch of its pioneering platform, marking a significant milestone in the evolution of digital content monetization. By seamlessly integrating content access and monetization, Cloudax.io sets a new standard in the Web3 landscape, revolutionizing the traditional Web2 experience. Empowering Content Creators and Consumers Cloudax.io prioritizes user privacy and creator profitability,...

Bitcoin climbed by nearly 20% this week, surpassing the $1 trillion market cap for the first time since November 2021, owing to the continued inflows to the newly launched spot ETFs earlier this year. Following this milestone, BTC hit an all-time high against a few depreciating fiat currencies, including the Japanese Yen. In fact, Bitcoin surged to a fresh peak of 7.9 million Yen on the Tokyo-based cryptocurrency exchange bitFLYER. In comparison, its price in USD remained...