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Potential Bitcoin Miner Capitulation Looms as Hash Rate and Market Value Falls, Reports Standard Chartered

May 1, 2024

Bitcoin's Market Struggles Recent analysis indicates a potential 20% decrease in Bitcoin's hash rate post-halving with previous data showing significant hash rate corrections of 39%, 11%, and 26% in 2012, …

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Tether Records $4.52 Billion Profit in Q1 Despite Declining Market Share

May 1, 2024

Stablecoin issuer Tether (USDT) reported a record net profit of $4.52 billion in Q1, despite observing a significant decrease in market share. The major source of this impressive profit came …

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Bitcoin Plunges below $57K amid Market Decline

May 1, 2024

Bitcoin's price has plummeted to its lowest since February, plunging below the $60,000 mark and hitting $56,900 as of report time. This represents a 23% decrease from its recent all-time …

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Crypto Roundup: Bitcoin ETF Record Launch, Recovery and More

May 1, 2024

Hong Kong prepares for a record-breaking launch of Bitcoin and Ethereum ETFs, predicting trade volumes to surpass those seen during the US equivalent launches.Bitcoin recovers to a high of $64,500 …

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Learn Concept: Trading Volume Dynamics of Crypto ETFs

May 1, 2024

Crypto-based ETFs or Exchange-Traded Funds are growing in popularity, offering traders and investors a regulated instrument to gain exposure to cryptocurrencies without owning them directly. Some key dynamics affect the …

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Bitcoin Market Turbulence and MicroStrategy's Share Price Slide

May 1, 2024

Market Unsettled As Bitcoin Drops And MicroStrategy Share Price DeclinesAs Bitcoin's value tumbled to dip below the 60k mark, MicroStrategy - a business intelligence firm that holds around 1% of …

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SEC Chair Gensler Accused of Misleading Congress on Ethereum's Classification

April 30, 2024

Chairman of the House Financial Services Committee, Patrick McHenry has accused SEC Chair, Gary Gensler of misleading Congress on the classification of Ethereum during his testimony in April 2023. The …

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Early Bitcoin Investor Roger Ver Faces Tax Fraud Charges

April 30, 2024

Early Bitcoin investor Roger Ver was arrested in Spain upon action by the US Department of Justice (DOJ) after a series of alleged fraud allegations. As per the case files, …

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Binance Founder Changpeng Zhao Sentenced to Four Months; Fined $50M

April 30, 2024

Binance's founder Changpeng Zhao, commonly known as CZ, has been sentenced to four months in prison for failing to establish a proper anti-money laundering program at his cryptocurrency exchange. The …

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US Coal Mining Company Generates $30 Million from Bitcoin Mining, Raises Environmental Concerns

April 30, 2024

Alliance Resource Partners, a US coal mining firm, has reported to mine 425 Bitcoin, equating to $30 million, using surplus energy from its factories as per its Q1 earnings call. …

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