It’s said that Hong Kong’s Securities and Futures Commission is prepared to give its approval for a Bitcoin spot exchange-traded fund. This development marks a significant milestone for the crypto market in Hong Kong. According to reports from Tencent News, sources familiar with the Hong Kong Securities and Futures Commission have shared that Hong Kong … Read more
Based on CryptoQuant’s latest findings, the effect of Bitcoin‘s halving on its price might not be as substantial as some investors anticipate. The decrease in Bitcoin‘s halving impact can be explained by the declining difference between the rate at which new Bitcoins are created and the pace at which long-term holders are selling them. The … Read more
The surge in Dogecoin‘s price over the past period has put over 88% of investors into the green, representing a 37% increase compared to the same month last year, and marking the highest proportion in the past three years. Data reveals that more than half of the active addresses currently in profit belong to larger … Read more
The US Treasury Department’s efforts against terrorism now extend to cryptocurrencies, aiming to cut off these digital assets from terrorist groups. This means stricter regulations on crypto exchanges, making it harder for them to function legally and denying citizens access to certain cryptos. Treasury asks for more tools to control crypto On Tuesday, Deputy U.S. … Read more
According to Ki Young Ju, the CEO of CryptoQuant, the data suggests that the cost of mining Bitcoin using Antminer S19 XP after the halving event will increase from approximately $40,000 to around $80,000. The cost of mining Bitcoin with S19 XP machines, widely used by miners in the US, is projected to rise from … Read more