Bitcoin – Page 40

Bitcoin Miners Revenue Margins Shrink Fast As BTC Struggles

The world’s largest cryptocurrency Bitcoin (BTC) has been trading in a pretty tight range recently close to $19,200 level. On one hand, the Bitcoin hashrate continues to grow fast, which means that Bitcoin miners have to put more computational power to add new blocks to the Bitcoin blockchain. As energy costs rise at the same speed, Bitcoin miners have been getting paper-thin margins on their mining revenue. This could probably lead to another major sell-off by Bitcoin miners as we...

Bitcoin ($BTC) Traders are Preparing for a ‘Big move’, Says Popular Analyst

A popular cryptocurrency analyst has said that Bitcoin ($BTC) traders are preparing for a “big move” on the market, at a time in which the flagship cryptocurrency’s volatility has dropped below that of the stock market’s benchmark index, the S&P 500. In a tweet shared with their over...

Rishi Sunak Is the U.K.’s New Prime Minister. Here’s What He Thinks of Crypto

Key Takeaways

Rishi Sunak has emerged as the next expected Prime Minister of the United Kingdom. Rishi Sunak appears to hold a positive view of crypto, blockchain, and distributed ledger technologies. While the path forward is not certain, his appointment could well lead to pro-crypto policy change in the U.K.

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Rishi Sunak’s appointment as the new British Prime Minister could benefit the U.K.’s burgeoning crypto industry.

The U.K. Gets a New PM

Rishi Sunak will become the U.K.’s next Prime Minister. The news broke...

XRP Lawyer Finds Good News For Ripple

The U.S. Securities and Exchange Commission (SEC) recently gave up on its claims by handing over the Hinman Speech documents to Ripple and defendants. However, a lawyer associated with the Crucial XRP lawsuit has stated that there are certain things mentioned in the SEC’s filing that favor Ripple.

Did SEC go for weak claims in XRP lawsuit?

John Deaton, Amicus Curiae and XRP holder’s lawyer in the Ripple lawsuit highlighted weak claims in the commission’s filing. He...

Is Bitcoin [BTC] still the market’s most dominant crypto, especially after…

Bitcoin [BTC] could be on the verge of losing its market dominance again, after having regained it only recently. This is the opinion of CryptoQuant analyst, Maartunnn. The analyst had predicted on 11 September that Bitcoin was going to reclaim the domination position, despite Ethereum [ETH] taking the position in the lead-up to the Merge. Interestingly, his prediction came to pass. Here’s AMBCrypto’s Price Prediction for Bitcoin for 2022-2023 However, recent antecedent like the 50% altcoin market dominance on 23 October...

Bitcoin May Not Have Bottomed Yet if This Goldman Sachs Strategist Is Correct

According to a recent note by Kamakshya Trivedi, Head of Global FX, Rates, and EM Strategy at Goldman Sachs, a peak in USD “still feels severely quarter away.” According to a report by StreetInsider, Trivedi wrote: “We do not expect the Fed to embark on easing until 2024, and...

‘Shark Tank’ Star on What He Will Do With Those Altcoin Holdings Currently ‘Underwater’

In a recent interview, celebrity investor Kevin O’Leary (aka “Mr. Wonderful” on ABC TV series “Shark Tank“) talked about what he plans to do in the near future with those altcoin positions that are currently “underwater” (i.e. not in profit). His comments were made on October 19 during an...

Bitcoin: Assessing what this week will have in store for BTC

Bitcoin (BTC) just concluded another week underpinned by low volatility and a limited range on the price charts. Traders and investors waiting for the return of BTC volatility may still have some hope, however, courtesy of the following observation. Here’s AMBCrypto’s price prediction for Bitcoin (BTC) A recent CryptQuant observation by an analyst with the pseudonym theKriptolik pointed out a potentially bearish scenario. According to the analysis, Bitcoin reserves in the derivatives market are higher than spot reserves. Source: CryptoQuant Higher demand in...

It’s One Year to Launch of Bitcoin Futures ETF By Proshares

A year back from now, America launched its first Bitcoin Futures ETF allowing institutional investors a way to get exposure to Bitcoin. The Proshares Bitcoin futures ETF (BITO) was the first to launch in the market and has delivered relatively better performance in comparison to its peers. But since its launch last, the fund has slumped 70% dragging allows with the BTC price. Over the last year, the BITO ETF saw cumulative inflows of more than $1.8 billion, however, is...

What Is Aptos? Inside the New Move-Based Layer 1 Chain

Key Takeaways

Aptos is a new high-throughput Layer 1 blockchain that uses a novel smart contract programming language called Move. The project is considered the technological successor of Meta’s abandoned blockchain network, Diem. Due to its stated theoretical throughput of 100,000 transactions per second, Aptos has been dubbed a potential "Solana killer."

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Aptos is a scalable Proof-of-Stake Layer 1 blockchain that uses a novel smart contract programming language called Move. The project is developed by Aptos Labs, a blockchain startup led...