The debate surrounding the Bitcoin network’s energy consumption has been intense and mostly tilted in favor of BTC detractors. These individuals and entities have used the Cambridge Bitcoin Electricity Consumption Index (CBECI) to make an argument against the cryptocurrency. However, Cambridge has updated its CBECI to reflect new data, potentially flipping the discourse around Bitcoin’s…
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The People’s Fund of Maui, a charity organization rolled out by celebrities Oprah Winfrey and Dwayne “The Rock” Johnson to aid victims of wildfires in Maui accepts Bitcoin (BTC) and other cryptocurrencies. The fund launched to provide direct financial support to the community has seen the crypto community participate in multiple relief efforts. … Read More:…
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The price of Bitcoin (BTC) ended down for the second consecutive month yesterday, despite bullish news that a spot Bitcoin exchange-traded fund (ETF) could be coming soon. For August as a whole, the BTC price ended down just over 11%, from around $29,200 at the beginning of the month to 25,900 at the end of…
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El Salvador’s Bitcoin City has reportedly attracted its first international “resident,” with an American bitcoiner moving to the area where the city is being constructed. Per the government-aligned newspaper Diario El Salvador, the man’s name is Corbin Keegan. He was described as “an American bitcoiner who has […] settled on one of the beaches of…
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Today, the U.S. Securities and Exchange Commission (SEC) announced delays in its decisions regarding Bitcoin ETF applications from six companies out of seven—Fidelity, WisdomTree, Valkyrie, VanEck, Bitwise, and Invesco. The regulatory body stated it would need at least 45 more days to review these applications, pushing the deadline to mid-October. … Read More: 6 Bitcoin ETF…
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In a recent legal win for Grayscale against the US Securities and Exchange Commission (SEC), Bitcoin (BTC) soared to $27,000. However, the bullish sentiment seems to have waned as the cryptocurrency has retraced to $26,000. QCP Capital, a cryptocurrency analysis firm, has provided valuable insights into the implications of this ruling and the overall market…
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Bitcoin (BTC) holdings in centralized digital asset exchanges have plunged 4% to 2 million signaling both positive and market-worsening concerns. According to recent data from CryptoQuant, the number of assets held in exchanges is at lows not recorded since January 2018. The figure which has fallen to levels not recorded in half a decade to…
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Vivek Ramaswamy, a Republican Presidential candidate, commended Grayscale’s recent legal victory against the federal securities regulator, stating that the decision would play a role in retaining Bitcoin and blockchain innovation within the United States rather than abroad. Grayscale had achieved a significant legal win against the SEC, which denied converting its Bitcoin Trust into an…
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Data shows that Bitcoin investors may be close to embracing greed as market sentiment has surged into neutral territory. Bitcoin Fear & Greed Index Points At Neutral Trader Sentiment The “Fear & Greed Index” is an indicator that tells us about the general sentiment among the investors in the Bitcoin and wider cryptocurrency sector. According…
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Bloomberg senior analysts Eric Balchunas and James Seyffart have raised their approval odds of the first Bitcoin spot exchange-traded fund (ETF) in the United States (US) to 75%. This development comes after the US District of Columbia Circuit ruled against the US Securities and Exchange Commission (SEC), stamping out the regulator’s denial of Grayscale’s conversion…
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