The financial sector is seeing a significant shift as pension funds begin exploring crypto investments. This trend is driven by the recent approval of spot Bitcoin exchange-traded funds (ETFs). Fidelity Investments recently introduced a Bitcoin ETF that has attracted substantial institutional investors’ attention. Rising Institutional Interest in Bitcoin Manuel Nordeste, Vice President of Digital Assets…
The narrative that early Bitcoin investors indulged in extravagant luxuries like Lamborghinis is shifting. Recent research suggests crypto millionaires are now channeling their newfound wealth into real estate investments, indicating a more mature spending pattern. Bitcoin Millionaires Are Maturing According to a study involving researchers from esteemed institutions like Brigham Young, Northwestern, and Imperial College London, the…
Bitcoin (BTC), the largest cryptocurrency by market capitalization, has marked a significant milestone by processing its one billionth transaction. This achievement highlights the robust activity and growing adoption of Bitcoin despite the fluctuating market conditions. The Bitcoin community, particularly on social media platforms like X (Twitter), has been abuzz with celebrations. The excitement highlights this…
Cryptocurrency traders are increasingly targeted by sophisticated scams, leading to significant losses. Scammers have pulled off everything from large Bitcoin thefts to tricky crypto ATM schemes. These indicate growing risks in the digital currency market. As cryptocurrencies become more popular, they also become prime targets for scams. These scams take advantage of the complex nature of…
The crypto market saw extra turbulence after Samourai Wallet’s CEO and chief technology officer faced legal action from the U.S. DOJ. Bitcoin $62,963, Ether $3,175 and major altcoins briefly tumbled amid news of Samourai Wallet founders’ arrest by the United States Department of Justice (DOJ) on the backdrop of ongoing Middle East tensions and post-halving…
KPMG Canada partner Kunal Bhasin says rising debt and increasing inflation have likely attracted institutional investors into crypto. Canada-based institutional investors significantly increased their crypto exposure last year compared to the last bull run, a survey from accounting firm KPMG has revealed. Nearly 40% of institutional investors reported having direct or indirect exposure to crypto…
Key on-chain metrics suggest a higher baseline for Bitcoin price now that the halving is complete. Analyst and founder of the Capriole Investments fund Charles Edwards said multiple on-chain metrics suggest that Bitcoin and other cryptocurrencies have “a lot further to run” in this bull market. In his latest newsletter, Edwards explained that transaction fees…
Bitcoin and altcoins continue to be rocked by macroeconomic and geopolitical uncertainty, but data shows bulls continue to buy each dip. Bitcoin’s BTC $63,010 rally to a new all-time high, and the subsequent consolidation suggests that the bulls are not rushing to the exit as they anticipate another leg higher. According to an X post…
After enjoying record profits during Bitcoin’s recent halving, miners now face a sharp decline in hash prices. After posting record-breaking earnings on the day of the Bitcoin halving, miners now face another reality: a high network hash rate and lower revenues pushing down profits. The average revenue a Bitcoin BTC $63,009 miner earns per performed hash, known as…
Over the weekend, geopolitical tensions escalated dramatically following an unprecedented conflict between Iran and Israel. The events unfolding on Saturday evening momentarily shook global markets, including the crypto sector. However, there has been a noticeable recovery within the crypto market at the time of reporting. The swift rebound in crypto values demonstrates the market’s robustness…