Tag: BTCGBP

Bitcoin Miner Revenues Surpass Ethereum for the First Time in a Year: Report

Bitcoin Miner Revenues Surpass Ethereum for the First Time in a Year: Report

For the first time in almost a year, revenues for Bitcoin (BTC) miners surpassed those of Ethereum (ETH) in June. But even then, both digital assets have shown dwindling profit margins owing to the prevailing crypto winter. According to a July 5 report by Binance, last month, Bitcoin miners generated $656.47 million. Meanwhile, Ethereum miners […]

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VanEck Files Another Application With the SEC for a Spot Bitcoin ETF

VanEck Files Another Application With the SEC for a Spot Bitcoin ETF

The global investment manager VanEck seems quite determined to introduce a spot Bitcoin exchange-traded fund (ETF) in the United States. Despite its previous rejections, the company filed a new application with the SEC. VanEck Tries Again It has been evident that one of VanEck’s main goals is to list an ETF that tracks the performance […]

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Bitcoin Dumps to 11-Day Low Beneath $20K as Global Markets Tumble (Market Watch)

Bitcoin Dumps to 11-Day Low Beneath $20K as Global Markets Tumble (Market Watch)

Bitcoin has taken another turn for the worse by plummeting below the coveted $20,000 mark. Most altcoins are also in the red today, with ETH close to breaking beneath $1,000 and Solana dumping by double digits. Bitcoin Follows Stock Markets South It was just during this past weekend when the primary cryptocurrency aimed higher and […]

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SEC Rejects Grayscale Spot Bitcoin ETF Sparking Lawsuit

SEC Rejects Grayscale Spot Bitcoin ETF Sparking Lawsuit

On June 29, the U.S. securities regulator rejected the proposal by Grayscale to list a spot Bitcoin exchange-traded fund (ETF) on the NYSE Arca exchange. According to the SEC, the proposal did not meet standards designed to prevent fraudulent and manipulative market practices. It stated that the rejection was not based on an “assessment of […]

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Bitfury’s CEO Explains Why Bitcoin Is Proned for Upcoming Gains

Bitfury’s CEO Explains Why Bitcoin Is Proned for Upcoming Gains

Brian Brooks – CEO of the crypto mining firm Bitfury Group – believes the value of a certain digital asset is driven by the development of its network. As such, he predicted that bitcoin will jump from its current $20,000 price tag as an increasing number of people have started employing it. $20K Is Not […]

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Bitcoin is Still Due for a “Final Washout” says Fundstrat Analyst

Bitcoin is Still Due for a “Final Washout” says Fundstrat Analyst

Mark Newton – technical strategist at the investment insights firm Fundstrat – is not convinced that Bitcoin has reached its bottom. He claims there is a significant chance of a “final washout” style event that could take the top cryptocurrency as low as $12,500. One Last Crash? As Newton explained in a note to Bloomberg […]

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FTX US President: This Crypto Winter is Much Similar to Previous Ones

FTX US President: This Crypto Winter is Much Similar to Previous Ones

Brett Harrison – the President of cryptocurrency exchange FTX US – agreed that the current condition of the cryptocurrency market is not particularly satisfying. However, he believes the bear market has similarities to past ones, and in the future, the industry will overcome its issues. Flowing Capital Will Boost the Crypto Sector Prompted by several […]

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Bitcoin Is a Leading Indicator for Stock Indexes, Says Legacy Investor Mark Mobius

Bitcoin Is a Leading Indicator for Stock Indexes, Says Legacy Investor Mark Mobius

Billionaire fund manager and founder of Mobius Capital – Mark Mobius – represented cryptocurrencies as a “measure of investor sentiment.” He classified bitcoin as a leading indicator that shows how the Dow Jones index will perform in the short term. BTC Has Not Bottomed Yet The American-born legacy investor Mark Mobius opined that stock traders […]

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Avalanche Launches Bitcoin Brdige Through Web3 Wallet Core

Avalanche Launches Bitcoin Brdige Through Web3 Wallet Core

Ethereum competitor Avalanche announced new support for native Bitcoin (BTC) through its bridge solution built on its crypto wallet Core. Following the news, its native token AVX spiked higher, outperforming major digital assets like Bitcoin and Ethereum in the past 24 hours. Wrapped BTC on Avalanche Ava Lab – the foundation behind the smart contracts […]

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Grayscale CEO: The Launch of Short Bitcoin ETF Is Positive for Crypto

Grayscale CEO: The Launch of Short Bitcoin ETF Is Positive for Crypto

Michael Sonnenshein, the CEO of the leading crypto asset manager, Grayscale Investments, believes the launch of ProShares’ Short Bitcoin Exchange-Traded Fund (ETF) could be a positive sign for the industry. SEC Becoming More Comfortable With Bitcoin In a Twitter thread on Tuesday, Sonnenshein noted that he believes the United States Securities and Exchange Commission (SEC) […]

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