Chinese Bitcoin miners have identified Ethiopia as a strategic location for their operations, driven by the allure of affordable energy and favorable climates. With regulatory restrictions in China prompting them to seek alternative options, local Bitcoin miners are now exploring countries that offer low electricity costs and friendly regulations. Among these destinations, Ethiopia stands out
Crypto
Bitcoin has continued its positive price performances, reaching new heights in the past 24 hours. The cryptocurrency surpassed $48,000, marking a new monthly peak. This surge in value is not limited to Bitcoin alone, as altcoins are also experiencing gains. Ethereum (ETH) has reached $2,500, while Solana (SOL) has made a significant jump to $110.
Cryptocurrency analyst Michaël van de Poppe has declared that altcoin season has arrived, urging investors to make entries at value while they still can. With the Bitcoin halving on the horizon, van de Poppe suggests that the next three to eight months present the best opportunity to invest in alternative cryptocurrencies, or altcoins. With numerous
Bitcoin mining company Core Scientific has successfully completed its reorganization and is now emerging from Chapter 11 with a stronger financial standing. The company has announced its plans to list its common stock, tranche 1 warrants, and tranche 2 warrants on the Nasdaq Global Select Market under the symbols CORZ, CORZW, and CORZZ, respectively, starting
On Monday, the Securities and Exchange Commission (SEC) shocked the public with the disclosure that the multi-factor authentication (MFA) on its X account had been disabled, leading to a false post regarding the approval of spot Bitcoin ETFs. This incident occurred on January 9, 2024, when the SEC’s official Twitter account was compromised, raising serious
In just six days of trading, the recently approved spot Bitcoin exchange-traded funds (ETFs) have experienced a remarkable influx of bitcoins (BTC). These ETFs have collectively accumulated over 95,297 BTC, amassing a total of 647,374 BTC including the assets of the Grayscale Bitcoin Trust (GBTC). The growing popularity of these ETFs can be attributed to
In the modern era, the perception and use of digital assets are experiencing a potential “paradigm shift,” as highlighted by Andrew Peel, the Head of Digital Assets at Morgan Stanley. Peel raises concerns about the impact this shift may have on the global dominance of the U.S. dollar. With the growing interest in assets like
In a recent Bitcoin transaction, a user made an incredibly costly mistake by paying an abnormally high fee. The anonymous user paid a fee of 4 BTC, equivalent to $172,000, for a transaction that only sent 2.9 BTC to the intended recipient. This means that the fee was over 133% larger than the actual transaction
The latest research report by Coinbase Research and Glassnode suggests that Bitcoin (BTC) and Ethereum (ETH) are following a pattern similar to previous years, during which their prices surged significantly. This observation draws parallels between the ongoing crypto market cycle and the period from 2018 to 2022. Analysts highlight cyclicality metrics, such as net unrealized
Anthony Scaramucci, the founder and CEO of SkyBridge Capital, a prominent alternative asset management firm, has made a bold prediction about the future of Bitcoin (BTC). He anticipates that BTC will reach its all-time high before 2024 concludes. Scaramucci’s prediction comes on the heels of the United States Securities and Exchange Commission’s (SEC) recent approval
