news

JPMorgan Analyst Predicts Looming Bitcoin Selloff Global investment bank JPMorgan has issued a warning about an anticipated outflow from Grayscale's bitcoin fund, stating that it will "exert further pressure on bitcoin prices in the coming weeks." The bank's analyst, Nikolaos Panigirtzoglou, also explained that the $3 billion influx into new spot bitcoin exchange-traded funds (ETFs) […]

In 2022, Bitcoin's SHA256 algorithm ranked as the seventh most profitable proof-of-work (PoW) network for mining. However, within a year and four months, it has risen to become the third most lucrative crypto network for mining operations. Significant Shifts in Crypto Mining Profitability from 2022 to 2024 As of January 2024, the ranking of the

Self-Directed Gold IRAs are great because they let you make investments in gold and other precious metals without having to work with middlemen. These accounts are so simple that even your grandmother could use them! If you purchase physical silver, gold, platinum, palladium, and the rhodium coins, bars rounds, and bullion, you’ll get instant liquidity.

Introduction The European Union Council and Parliament have reached a provisional agreement that will impose new requirements on crypto asset service providers (CASPs). These measures aim to mitigate risks associated with self-hosted wallets and prevent fraud, organized crime, and terrorism financing. In addition, the agreement introduces a new cash payment limit and expands the list

Jamie Dimon's Warning to Investors Jamie Dimon, the CEO of JPMorgan Chase, has advised investors to stay away from bitcoin. He expressed his personal advice, stating, "My personal advice is don't get involved. But I don't want to tell anyone what to do. It's a free country." Despite Blackrock, the world's largest asset manager, embracing

Bitcoin's Consolidation on 1-Hour Chart Bitcoin's 1-hour chart shows a period of consolidation, with the price of BTC moving without a clear direction compared to longer timeframes. However, there was a significant drop to around $42,056, possibly indicating a purge of stop-loss orders or a brief panic sell-off following the approval of the spot bitcoin

Market Sentiment on U.S. Federal Reserve's Strategies for 2024 Market sentiment remains cautious as investors speculate on the U.S. Federal Reserve's strategies for 2024. There is growing anticipation of a potential rate cut by March. This sentiment follows remarks made by Federal Reserve Governor Christopher Waller during an address at the Brookings Institution in Washington.

Self-Directed Gold IRAs are fantastic as they allow you to place your money in the precious metals without having to deal with any middlemen. In fact, these accounts are so simple , even your grandmother could set it up! When you buy physical gold, silver palladium, platinum and the rhodium coins, bars rounds and bullion,

Introduction In a groundbreaking move, NYSE Arca Inc. has submitted a proposal to amend its rules and allow options trading on commodity-based trust shares, specifically targeting bitcoin-based exchange-traded funds (ETFs). This initiative, detailed in the 19b-4 filing with the Securities and Exchange Commission (SEC), marks a significant advancement in the financial products available for cryptocurrency

Gamestop's Decision to Shut Down the NFT Marketplace In a prominent announcement on the Gamestop non-fungible token (NFT) marketplace, the company has revealed its intention to close the platform on February 2, 2024. This means that users of the Gamestop NFT market will no longer be able to buy, sell, or create NFTs. The Pause