Tag: Bitcoin

Franklin Templeton makes a splash in the Bitcoin ETF Race

Franklin Templeton, a well-known financial services firm, has entered the competition for a spot bitcoin exchange-traded fund (ETF). In its filing with the U.S. Securities and Exchange Commission, Franklin Templeton proposed a Coinbase-custodied ETF that would trade on Cboe BZX Exchange, Inc. While other major players like BlackRock, WisdomTree, and Fidelity have also expressed interest […]

SEC Chair Gensler’s testimony ignites hope and debate  in Crypto Community

SEC Chair Gary Gensler’s recent testimony before the United States Senate has sparked speculation within the crypto community. Gensler’s emphasis on investor protection and compliance with securities laws has given hope to supporters of cryptocurrencies, particularly regarding the regulation of crypto assets and the potential approval of Bitcoin Spot exchange-traded funds (ETFs). He highlighted that […]

Elon Musk’s Biography Mentions DOGE 4 Times And We Can’t Get Over It

🚀 GM, Grab your favorite beverage (even if it’s a little early, we won’t tell), and get ready for the juiciest headlines that have been lighting up the Internet this week! 📰 1️⃣ Elon Musk’s Biography Mentions Dogecoin 4 Times  2️⃣ Vitalik Buterin reveals how his X account was hacked 3️⃣ Gary Gensler Blames Crypto […]

FTX’s $3.4 Billion crypto liquidation: What you need to know

FTX, a cryptocurrency exchange facing bankruptcy, is seeking approval to liquidate $3.4 billion in Bitcoin and crypto assets. This has raised concerns among market analysts as it could potentially add selling pressure to the already struggling market. FTX’s crypto holdings include various assets such as Solana, FTT tokens, Bitcoin, Ethereum, and more. The exchange has […]

Bitcoin user’s $509,563 transaction fee causes stir in crypto community

A Bitcoin user recently paid an exceptionally high transaction fee of 19 Bitcoin (BTC), equivalent to $509,563. Whale Alert, a popular service that tracks large cryptocurrency transactions, brought attention to this exorbitant fee. The average Bitcoin transaction fee currently stands around $1.410, making this incident an extreme outlier. The fee is significantly higher than the […]

Bitcoin Mining costs get a makeover: JPMorgan’s revised cost estimate sends shockwaves

JPMorgan has revised its estimate for the cost of Bitcoin mining, following the revision of the Cambridge Bitcoin Electricity Consumption Index (CBECI) methodology. The bank now estimates the production cost to be $18,000, down from $21,000. The new methodology takes into account the varying efficiencies of different mining equipment, as miners often upgrade to more […]

 Bitcoin to hit All-Time High in 2025?

According to the “November 28th Cycles Theory” proposed by popular analyst CryptoCon, the Bitcoin (BTC) price is expected to reach its all-time high (ATH) in 2025. The theory suggests that BTC experiences a “mid cycle lull” before starting a bull run in late 2024. CryptoCon believes that the behavior of BTC/USD can be accurately predicted […]

This Crypto Exchange Founder and Family Sentenced to 11,196 Years in Prison 

🚀 GM, Grab your favorite beverage (even if it’s a little early, we won’t tell), and get ready for the juiciest headlines that have been lighting up the Internet this week! 📰 1️⃣ This Crypto Exchange Founder and Family Sentenced to 11,196 Years in Prison  2️⃣ JP Morgan Ventures into Blockchain With A New Token […]