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Coinbase's cbBTC Hits $100M Market Cap in One Day Amid Controversy
September 13, 2024
Coinbase’s newly launched wrapped Bitcoin product, cbBTC, has seen remarkable uptake within its first 24 hours, achieving a market capitalization nearing $100 million. According to Dune Analytics, the circulating supply …
Read moreCrypto Market Analysis: Bitcoin Eyes Major Move Amid Bullish Indicators
September 13, 2024
In recent developments, the cryptocurrency market has shown signs of heightened activity and potential significant movements, particularly concerning Bitcoin (BTC) and Ethereum (ETH). Notably, options tied to both cryptocurrencies indicate …
Read moreOpenAI Unveils New AI Models to Enhance Reasoning and Coding
September 13, 2024
OpenAI has introduced a groundbreaking series of AI models named OpenAI o1, designed to significantly boost reasoning capabilities for addressing complex problems. The o1-preview and o1-mini models are set to …
Read moreBitcoin ETFs Recover with Significant Inflows After Major Outflows
September 12, 2024
In a rollercoaster week for Bitcoin exchange-traded funds (ETFs), the markets have experienced both substantial inflows and outflows. Recent data indicates that Bitcoin ETF inflows have rebounded, posting $28.7 million …
Read moreImpact of Political Events on Bitcoin Prices
September 12, 2024
The intersection of political events and cryptocurrency markets is a compelling area of study, particularly the impact on Bitcoin prices. Recent debates and election outcomes have shown that Bitcoin can …
Read moreUS Inflation Drops to 2.5% in August; Bitcoin Holds Steady Amid Economic Updates
September 11, 2024
In the latest economic developments, the US inflation data for August showed a slight increase in the Consumer Price Index (CPI), rising by 0.2% on a month-over-month basis, while the …
Read morePost-Debate Market Reactions and Impact on Bitcoin
September 11, 2024
The recent presidential debate between Donald Trump and Kamala Harris on September 10th avoided any mention of cryptocurrencies, including Bitcoin, despite touching on significant economic topics. The debate centered around …
Read moreSolo Bitcoin Miner Secures Block, Reaps Massive Reward
September 10, 2024
In a stunning turn of events in the world of cryptocurrency, a solo Bitcoin miner has managed to capture an entire block reward, defying the odds against more powerful mining …
Read morePayPal And Venmo Embrace ENS Names For Crypto Payments
September 10, 2024
In a significant development for the crypto community, PayPal and Venmo have announced that their U.S. users will now be able to send crypto payments using Ethereum Name Service (ENS) …
Read moreUnderstanding the Hashrate and Hashprice: Key Metrics for Bitcoin Mining Profitability
September 10, 2024
Bitcoin mining profitability is shaped significantly by two critical metrics: hashrate and hashprice. As per recent data, the market share of Bitcoin production by public mining companies has surged remarkably …
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