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  Chainalysis Report: 29% Drop in Cryptocurrency Crime by 2023

  2024-01-19 Trade News

  The number of illegal cryptocurrencies reported by FTX has risen dramatically after Sam Bankman-Fried's conviction. A mysterious hacker at work. Image credit: Shutterstock The amount of cryptocurrency stolen through scams fell by nearly a third last year compared to 2022, according to advance excerpts from a report Chainalysis will release…

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  BlackRock Eyes Blockchain Beyond Bitcoin With Smart Contract Supply Chain

  2024-01-19 Trade News

  BlackRock sees blockchain as key to "security and immutability," according to Jay Jacobs, head of equity ETFs. In an interview at the recent VettaFi Cryptocurrency Symposium, BlackRock's Head of U.S. Thematic and Active Equity ETFs, Jay Jacobs, emphasized the journey that led to the launch of the iShares Bitcoin Trust…

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  Bitcoin Mining: Texas Freeze Slows Mining, Affects 34% of Arithmetic Power

  2024-01-19 Trade News

  The bitcoin mining industry in Texas has been hit hard by the response to extreme weather conditions. Dropping temperatures have caused mining centers to be unable to use enough power to achieve higher levels of arithmetic. Texas Bitcoin Mining Slows Down Due to Power Crunch Bitcoin hash rates have dropped…

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  To Diversify Crypto Assets, Ark Invest Buys $15.9 Million Spot Bitcoin ETF

  2024-01-19 Trade News

  Ark Invest has moved $15.9 million from the Proshares Bitcoin Strategy ETF to its in-house Ark 21shares Spot Bitcoin ETF. Cathie Wood's Ark Invest Shifts Millions to In-House Bitcoin ETF  ETC mining Ark Invest, led by fund manager Cathie Wood, has made several deals around bitcoin exchange-traded products. The firm…

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  Ethernet Dencun Upgrade: A New Path for Second-Level Network Transactions

  2024-01-19 Trade News

  Ether is a decentralized computing platform that supports digital currencies, global payments and applications. Ethernet's vision is to be an open, permission-free, decentralized global computer that provides the foundation for human freedom and innovation. However, Ether currently faces a number of challenges, such as slow transactions, high fees, and poor…

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  Potential Approval of Ether Spot ETF Could Disrupt Bitcoin and ETH Narrative

  2024-01-19 Trade News

  This article is brief: -U.S. regulators may approve an ethereum spot ETF, increasing the prospects for a significant rise in ethereum in the near future. -QCP Capital predicts that ETH could outperform BTC in the first half of this year, especially given the potential ETH spot ETF. -The U.S. SEC's…

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  El Salvador’s Bitcoin Wager: Despite State Push, Only 12 Percent Accept Cryptocurrency in Daily Life

  2024-01-19 Trade News

  In El Salvador, the journey of Bitcoin as legal tender continues to unfold with varying degrees of public acceptance and economic impact. A recent survey by the Universidad Centroamericana José Simón Cañas reveals the use of cryptocurrency among Salvadorans. The study, conducted in December 2023 in the homes of 1,280…

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  U.S. Stocks, Bitcoin and Gold Fall as Fed Dithers on Interest Rates, Investors in Limbo

  2024-01-19 Trade News

  The three major U.S. stock indexes (Dow Jones Industrial Average, Nasdaq Composite and S&P 500) experienced a downturn on Wednesday afternoon. This decline coincided with a rise in the yield on the 10-year Treasury note, which rose 0.98% to 4.102%. Meanwhile, the price of gold fell by one percentage point,…

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  Bitcoin ETF Fees at a Glance: These Platforms Are the Best for Investors

  2024-01-18 Trade News

  On January 11, 2024, the U.S. Securities and Exchange Commission (SEC) approved 11 companies to launch Bitcoin Spot ETFs, a major milestone in the history of Bitcoin and a huge boon for the cryptocurrency market. A Bitcoin Spot ETF is an investment product that holds Bitcoin directly and can more…

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  The Future of the Bitcoin Market: the Impact and Expectations of ETF Approval

  2024-01-18 Trade News

  Bitcoin (BTC) is a decentralized digital currency created by the mysterious Satoshi Nakamoto in 2009. Bitcoin is characterized by not being controlled by any centralized institution, and transaction records are stored on a publicly available distributed ledger called a blockchain. The price of Bitcoin is determined by supply and demand…

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