As the countdown to Bitcoin’s next halving continues, investors eagerly anticipate the possibility of another significant bull market. Mitchell Askew, Head Analyst for Blockware Solutions, brings a fresh perspective to the table, challenging the conventional belief that Bitcoin and the halving are subject to diminishing returns. In fact, Askew predicts not only more gains in
Crypto
Cryptocurrency tax evasion has become a major focus for the Internal Revenue Service (IRS), according to a report from the agency’s criminal investigations division. The report reveals that more than half of all investigations conducted in the previous fiscal year were related to tax matters. As a result, the IRS is ramping up efforts to
In a recent report, investment management firm VanEck has made bold predictions for the future of the cryptocurrency market. According to VanEck, Bitcoin is set to reach new record-breaking highs by the fourth quarter of 2024. This projection comes as a result of increased optimism regarding the dismantling of the SEC’s adversarial regulatory stance. If
In recent news, conversations surrounding the launch of spot Bitcoin exchange-traded funds (ETFs) in the United States have reached advanced stages. The U.S. Securities and Exchange Commission (SEC) has reportedly started asking detailed and technical questions to potential spot Bitcoin ETF issuers, a promising sign that pending applications may soon be approved. The Application Process
Bitcoin (BTC) has been making headlines with its skyrocketing prices, but what goes unnoticed is the surging cost of moving it. On-chain data reveals that the price for Bitcoin block space has reached an all-time high, largely fueled by the overwhelming demand created by Ordinals transactions. Anita Posch, the founder of Bitcoin for Fairness, shed
Bitcoin (BTC) has recently surged back to $44,000, reaching a value it hadn’t seen in the past 19 months – a significant milestone for the cryptocurrency. However, this resurgence is not the only indicator of Bitcoin’s growth. On-chain analysis reveals that the dynamics of the crypto market have transformed, painting a more optimistic picture this
The cryptocurrency market is a dynamic and ever-changing space, influenced by various factors and players. One key group that significantly impacts the market is whales, individuals or entities holding substantial amounts of cryptocurrencies. In this article, we will delve into the insights provided by Ki Young Ju, the co-founder and CEO of CryptoQuant, regarding the
Itau Unibanco, the largest bank in Brazil, has recently made a bold move by entering the cryptocurrency exchange market. The bank has launched a trading service on its investment platform, allowing its clients to trade Bitcoin and Ether. This strategic move positions Itau Unibanco as a direct competitor to local crypto exchanges like MB and
The recent announcement by Northern Data, a German data center and Bitcoin mining operator, of its $360 million investment in GPUs for its cloud computing services, highlights the increasing integration of Bitcoin miners into the AI sector. This move allows Northern Data’s subsidiary, Taiga Cloud, to benefit from existing infrastructure and economies of scale in
There has been a significant shift in Canadians’ attitudes towards cryptocurrency investment, with a recent study indicating a decline in enthusiasm compared to the previous year. The “Crypto Assets Survey 2023,” conducted by the OSC in collaboration with Ipsos, provides insight into this changing perspective. This article examines the key findings of the survey and
