[ad_1] In a video update, Miles Deutscher, a widely followed crypto expert, provided his 502,800 followers on X with an in-depth analysis of the current market conditions. This update came in response to what Deutscher described as “massive ramifications” for certain altcoins following a notable Bitcoin price surge. Deutscher began his discussion by pointing out a significant rally in Bitcoin’s price, which soared from $68,500 to over $71,000. This movement aligns with his observation of substantial inflows into Bitcoin spot ETFs, which he highlighted as nearly reaching $900 million in a single day. This figure is distributed across various funds,…
Author: dfrancis36
[ad_1] Kerrisdale Capital Management LLC, known for its short-selling strategies, has set its sights on Riot Blockchain Inc., criticizing its business model as flawed in the challenging landscape of Bitcoin mining. According to Kerrisdale, investing in Bitcoin directly is a more viable option for cryptocurrency enthusiasts than purchasing miner stocks. The report released by Kerrisdale founder Sahm Adrangi highlighted Riot’s shareholder dilution due to the company’s stock-selling practices. Additionally, Adrangi’s letters to Texas government officials raised concerns about Riot’s energy usage practices and its impact on the state’s energy laws. Shares of Riot, based in Castle Rock, Colorado, experienced a…
[ad_1] Navigating The Present and Future of IBs in South Africa | FMAS:24 Navigating The Present and Future of IBs in South Africa | FMAS:24 Navigating The Present and Future of IBs in South Africa | FMAS:24 Navigating The Present and Future of IBs in South Africa | FMAS:24 Navigating The Present and Future of IBs in South Africa | FMAS:24 Navigating The Present and Future of IBs in South Africa | FMAS:24 This session examines the regulatory landscape for Introducing Brokers (IBs) in South Africa, focusing on the challenges and opportunities within the market. Emphasis is placed on the…
[ad_1] U.S. spot Bitcoin exchange-traded funds (ETFs) saw their second-highest daily inflow ever on Tuesday, taking in over $886 million. This marks the largest single-day haul for the funds since March.NEW: 🇺🇸 #Bitcoin ETFs saw $886 million in inflows yesterday, the 16th straight day of inflows. We are so back 🙌 pic.twitter.com/Er2KDgXr9E— Bitcoin Magazine (@BitcoinMagazine) June 5, 2024 The ETFs have now seen 16 straight days of inflows, sparking talk of a “second wave” of demand. Fidelity’s Wise Origin Bitcoin Fund led inflows with $378.7 million, followed by BlackRock’s iShares Bitcoin Trust at $274.4 million.In total, the spot Bitcoin ETFs hold…
[ad_1] Ethereum (ETH) co-founder Vitalik Buterin is calling out the celebrity memecoin trend, saying that digital assets need other use cases than simply enriching founders and early adopters. In a new thread on the social media platform X, Vitalik Buterin tells his 5.3 million followers that he’s unhappy with this cycle’s trend of celebrities experimenting with meme assets. Buterin references Stoner Cats – a non-fungible token (NFT) collection backed by actors Ashton Kutcher and Mila Kunis – saying that the project at least had a semblance of a real-world use case. “I’m feeling quite unhappy about ‘this cycle’s celebrity experimentation’ so…
[ad_1] Bitcoin price is back trading above $70,000 after weeks of sideways price action. The recent boredom and sideways grind, however, isn’t necessarily a bad thing. In the past, such lulls in volatility have preceded the top cryptocurrency’s greatest rallies on record. Let’s take a look. Bitcoin Historical Volatility Reaches Record Low The term volatility often has a negative connotation surrounding it. For example, Oxford Languages defines volatility as the “liability to change rapidly and unpredictably, especially for the worse.” In financial markets, the term refers to how much and how fast price moves within a specific timeframe. To measure…
[ad_1] Bitcoin has extended its winning streak to five consecutive sessions, edging closer to the $71,000 mark amidst growing expectations of Federal Reserve interest-rate cuts later this year. The cryptocurrency’s sustained upward momentum marks its longest series of daily gains in three months, with Bitcoin trading at $70,785 as of 8:25 a.m. Wednesday in New York, just 4% below its all-time high of $73,798 reached in mid-March. Investors are increasingly factoring in the likelihood of a Fed rate cut as early as November, spurred by indications of moderating US inflation and a softer job market. This shift in market sentiment…
[ad_1] Navigating The Present and Future of IBs in South Africa | FMAS:24 Navigating The Present and Future of IBs in South Africa | FMAS:24 Navigating The Present and Future of IBs in South Africa | FMAS:24 Navigating The Present and Future of IBs in South Africa | FMAS:24 Navigating The Present and Future of IBs in South Africa | FMAS:24 Navigating The Present and Future of IBs in South Africa | FMAS:24 This session examines the regulatory landscape for Introducing Brokers (IBs) in South Africa, focusing on the challenges and opportunities within the market. Emphasis is placed on the…
[ad_1] In case you missed it, Starkware, a company historically active in the Ethereum ecosystem, announced yesterday plans to start committing significant resources towards new Bitcoin scaling opportunities that have emerged over the past months. Pioneers of zero-knowledge systems, the group has revealed plans to leverage OP_CAT in order to bring their STARK technology to Bitcoin. The soft fork proposal could allow zero-knowledge proofs to be verified natively, opening up an entirely new design space for developers.The announcement is looked at by many as a significant technical milestone for the Bitcoin protocol. Here are my unsolicited 2 cents on the…
[ad_1] The recent surge in investor interest fueled by SEC’s approval of Bitcoin and Ethereum ETFs has opened exciting opportunities in the crypto market. However, traditional investment often requires significant capital. This is where 2024 shines for retail and corporate investors alike! Cloud mining offers an alternative path to daily passive crypto income. Forget expensive equipment and technical hurdles. Here, we explore the top 6 free cloud mining sites in 2024, empowering you to unlock the potential of effortless crypto income!AST MiningEstablished in 2016, AST Mining has risen as a key player in the cryptocurrency investment arena, boasting a user…