Tag: finance

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...
news-07112024-152551

Fair Revenue Sharing Proposal by Wintermute for Ethena Protocol

Wintermute, a crypto market maker, has put forth a proposal to introduce a fee switch in the Ethena protocol. This proposal aims to address the lack of transparency surrounding revenue distribution for ENA token...
news-06112024-110544

Solana Price Surges 17% and Surpasses BNB Chain Token Amid Renewed ETF Speculation by...

Solana's SOL token saw an impressive 17% price surge in just 24 hours, driven by the growing anticipation of a Solana ETF being approved. This optimism stems from the recent filings made by Cboe...
news-06112024-050455

Risks of MicroStrategy’s $42B Bitcoin Acquisition Plan: CoinShares Analysis

MicroStrategy's recent announcement of their plan to acquire $42 billion more worth of bitcoin has garnered attention, but according to a report by CoinShares, there are risks associated with this ambitious strategy. The company's...
news-06112024-050158

Stablecoins: The Key to Global Trade Stability

Circle CEO Jeremy Allaire believes that stablecoins have the potential to revolutionize global trade and enhance efficiency in emerging markets. Speaking at the Hong Kong FinTech Week 2024, Allaire emphasized the role of stablecoins,...
news-06112024-050126

Crypto Venture Funding Reaches $860M in October, Surpassing 6-Month Record

Crypto venture funding soared to $860 million in October, marking the highest amount invested in over 6 months. The gaming sector experienced significant growth for the third consecutive month, with investments in blockchain gaming...
news-05112024-230311

Bitcoin Price Surges Above $70K on Election Day: Crypto and Stocks Rally

Bitcoin has seen a significant surge in price, crossing back above $70,000 on Election Day in the United States. This represents a 2.4% increase over the past 24 hours. The broader CoinDesk 20 Index...