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Bitcoin is on a roll, breaking through $71,000! This surge comes just a week before the US elections, and experts say it’s fueled by a combination of factors. Election Excitement and Bitcoin ETFs The crypto community is buzzing with anticipation for the election, with many believing a Trump win would be good for Bitcoin. Trump…
Bitcoin has been on a tear lately, and it seems miners are jumping on board. The hashrate, which measures the total computing power used to secure the Bitcoin network, has been climbing rapidly, reaching new all-time highs. What Does a Rising Hashrate Mean? A rising hashrate means more miners are joining the network, or existing…
Bitcoin (BTC) is making a strong comeback, briefly touching $69,000, just shy of its all-time high of $73,737 reached earlier this year. Experts are predicting a bullish setup for Bitcoin, especially as the US presidential election approaches. Election Hype and Bitcoin’s Potential After months of sideways movement, Bitcoin is showing signs of life, with many…
Big investors are moving their Ethereum off of exchanges, which could be a good sign for the price. Whales Are Moving Their Ethereum Recently, a lot of Ethereum has been leaving exchanges. This means investors are taking their coins off of platforms where they could be sold. This is often seen as a bullish sign,…
Big investors are loading up on Ethereum (ETH), and it could be a sign that the crypto market is about to rebound. According to crypto data company Santiment, the number of new Ethereum wallets created by whales (big investors) has reached a six-week high. This is a strong indicator that these investors are accumulating ETH,…
JPMorgan Chase is cracking down on customers who allegedly used a sneaky trick to withdraw thousands of dollars from ATMs. The bank is suing people who took advantage of a viral check fraud scheme that happened over the summer. How the Scheme Worked The scheme involved depositing a fake check into an ATM. The money…
Last week, institutional investors poured nearly a billion dollars into crypto products, according to CoinShares, a digital asset manager. Big Money, Big Month CoinShares’ latest report shows that institutional crypto investment products saw a massive surge in inflows, totaling $901 million. This makes it the fourth-largest month for inflows on record, with this month’s inflows…
Coinbase, the popular crypto exchange, has officially partnered with the NBA’s Golden State Warriors and their home arena, Chase Center. What does this mean? Coinbase gets major exposure: Their brand will be seen during broadcasts and throughout Chase Center. Fans get perks: Season-long access to exclusive blockchain experiences, limited edition merch, and special benefits for…
Bitcoin, the king of cryptocurrencies, is shaking things up in the financial world. Designed to be a decentralized, peer-to-peer payment system, Bitcoin operates outside the control of traditional institutions like central banks. This has led to a lot of buzz, with some praising Bitcoin for empowering individuals and helping those without access to traditional banking….
There’s been a lot of talk about whether ETFs are suppressing Bitcoin prices. Some people think they’re selling Bitcoin they don’t actually own, which is a big concern. But is this actually happening? The “Paper Bitcoin” Myth The idea of “paper Bitcoin” isn’t new. In the past, some exchanges have sold Bitcoin to customers without…
