Author name: Peter

Deciphering BTC’s Complex Market Behavior: Bitcoin Technical Analysis

Introduction Bitcoin's price dynamics on January 24, 2024, reveal a complex market scenario with fluctuations and changes in investor sentiment. The cryptocurrency's value has oscillated between $39,878 and $40,069 in the past hour, with a broader 24-hour range of $38,505 to $40,515, showcasing significant volatility. Bitcoin's Market Capitalization and Trade Volume Bitcoin currently boasts a […]

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Arkham Identifies Four Spot Bitcoin ETFs and Their Holdings

Introduction On January 23, Arkham, a firm specializing in onchain intelligence, made a significant announcement. They revealed the identification of four lists of connected addresses that are linked to four new spot bitcoin exchange-traded funds (ETFs). These addresses are reportedly associated with prominent fund managers, including Blackrock, Fidelity, Bitwise, and Franklin Templeton. Arkham's Identification of

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Hashkey Capital and FTSE Russell Launch Trio of Indices to Track Diverse Crypto Assets

Introduction Hashkey Capital, a digital asset investment company, has partnered with FTSE Russell, a subsidiary of the London Stock Exchange Group (LSEG), to introduce three indices that track cryptocurrencies. These indices provide investors and traders with the ability to monitor a wide range of assets across different segments of the digital asset market. Hashkey and

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Bitfarms Expands Mining Operations With New 100 MW Facility in Paraguay, Aiming for 21 EH/s Capacity by Year End

Bitfarms Targets 21 EH/S Capacity With New Paraguay Facility On Wednesday, Bitfarms, a bitcoin mining enterprise listed on the U.S. stock market, announced the successful acquisition of a new site in Yguazu, Paraguay, for the development of a 100 megawatt (MW) mining facility. This strategic move is part of Bitfarms' ambitious plan to increase its

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SEC Admits SIM Swap Attack Compromised Account, Fake Bitcoin ETF Announcement Posted

The U.S. Securities and Exchange Commission (SEC) recently disclosed that its X account was compromised in a SIM swap attack. During the attack, an unauthorized party used the SEC's social media account to post a false announcement about the approval of spot bitcoin exchange-traded funds (ETFs). The SEC clarified that it had not actually approved

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Global Crypto Ownership Surged 34% in 2023, Reaching 580 Million: Report

The number of global cryptocurrency owners witnessed a significant increase in 2023, with a surge of 34%, according to the annual Crypto Market Sizing Report published by Crypto.com. By December, the total number of crypto owners reached an impressive 580 million. Notably, both Bitcoin (BTC) and Ethereum (ETH) experienced substantial growth, with Bitcoin ownership rising

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FTX Customers Express Dissatisfaction with Reimbursement Plan Amidst Objections

FTX Clients Criticize Valuation of Crypto Assets in Reimbursement Plan Following the submission of a proposal by FTX estate debtors to reimburse customer assets based on their value as of Nov. 11, 2022, numerous objections have been raised by customers. A notable objection comes from an FTX client in France, who criticizes the estate for

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Bitcoin Plummets Below $40K for First Time in 48 Days, Triggering Market-Wide Crypto Slide

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence On Monday, Jan. 22, 2024, the value of bitcoin dropped below the $40,000 mark for the first time in 48 days, according to market analysis. Over the past 24 hours, bitcoin has experienced a 4% decline, with a 14.2% decrease observed over the previous two

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