Tag: finance

news-08112024-093347

Bitcoin Hits Record High Post-Election: Ether and Solana Surge Before FOMC

Bitcoin has reached a new all-time high, showing strong performance after Donald Trump's victory in the U.S. presidential election. The cryptocurrency is currently up 2.3% in the last 24 hours, trading at $76,600, driven...
news-08112024-093236

Bitcoin ETFs Gain $1.3B Inflows Amid Trump Win and Fed Rate Cuts

Bitcoin ETFs in the U.S. have experienced a significant increase in net inflows following Donald Trump's presidential win. The total inflows reached a record-breaking $1.38 billion, with BlackRock's IBIT leading the way with over...
news-08112024-093123

October Dapps Revenue Surges to $164M: Adoption Growth Analysis

Decentralized applications (dApps) have seen a significant increase in revenue, reaching $164 million in October according to a report by Binance Research. This surge in revenue is a clear indicator of the growing adoption...
news-08112024-033125

Competition Drives Blockchain’s Path to Dominance

In the world of finance, there are many misconceptions that often lead to misunderstandings. One common misconception is that traditional finance (TradFi) is highly centralized. However, the reality is that the global banking system...
news-08112024-033006

DEGEN L3 Migration Challenges: Conduit Standoff and Financial Losses

DEGEN L3 Migration Challenges: Conduit Standoff and Financial LossesDEGEN is facing obstacles in migrating DEGEN L3 to a new service provider due to issues with Conduit, which have resulted in financial losses and operational...
news-08112024-032933

Exploring AI’s Potential in Response to Bitcoin Mining Slowdown

Galaxy Digital, a prominent Bitcoin mining firm, is exploring the potential of artificial intelligence (AI) to counteract losses in mining revenue and maximize future opportunities. The company recently announced a preliminary agreement with a...
news-07112024-212954

Maximizing Bitcoin Mining Revenue with AI Computing Solutions – Galaxy’s Latest Strategy

The fiercely competitive bitcoin mining industry is presenting miners with a clear choice: either transition to artificial intelligence (AI) computing or face financial losses. Galaxy Digital, founded by Michael Novogratz, is the latest company...
news-07112024-212828

Coinbase Premium Soars to Seven-Month High Amid Increased US Bitcoin Demand

The surge in Coinbase premium to a seven-month high indicates a growing demand for Bitcoin in the United States after Donald Trump's election win. The Coinbase Premium Index, which measures the price difference between...
news-07112024-212755

Benefits of Staking for Ethereum ETFs: Lower Fees and Increased Interest

Staking has been identified as a game-changer that could potentially lower fees and increase interest in Ethereum ETFs, according to crypto analyst Tom Wan. By allowing Ether ETFs to offer near-zero management fees, staking...
news-07112024-152657

Bitcoin ETFs See $621 Million Inflow as BlackRock Records Rare Outflow Post US Election

Bitcoin ETFs have seen a significant increase in inflows, totaling $621 million, following the recent US presidential election results. Fidelity's FBTC received a large inflow of $308.8 million, while BlackRock's IBIT experienced an outflow...