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...But as the latest halving approached, miners spent more than $1bn on new equipment to gain market share and squeeze out competitors....
...Other than the rewards they earn for validating transactions, miners also gain income from transaction fees on the network itself....
...As CCData shows, the biggest gains and falls happen outside US hours. Cryptofinance was edited by Tommy Stubbington. To view previous editions of the newsletter click here. Your comments are welcome....
...Might a British constitutional crisis affect the macro backdrop in such a way that the conditions supporting bitcoin’s recent gains are undermined, reversing the speculative flows that created its recent...
...Spot bitcoin ETFs give investors the ability to gain direct exposure to the cryptocurrency without the risks associated with largely unregulated crypto exchanges....
...BlackRock’s iShares Bitcoin Trust has more than $17bn in assets under management, according to Bloomberg data, buoyed by billions of dollars in net inflows and sharp gains in digital asset prices this year...
...Bitcoin rose as much as 12.6 per cent to hit $63,968 on Wednesday, before falling back to about $60,000. The rally has brought its gains to 42 per cent in the first two months of this year....
...They made an accurate call on the cryptocurrency’s potential for gains — witness the staggering rally under way — and were right, at least in part, for the right reasons....
...But some bitcoin ETF issuers are confident they can gain due diligence approval without that, given the fact that similar funds had existed for some years before the SEC’s January approval of spot funds....
...Iceland plans to prioritise food security over financial gain, planting corn and curbing bitcoin miners as the island state strives for more self-sufficiency in a hostile world....
...At one point this week, bitcoin fell as low as $60,760....
...For Coinbase, a volume drop in the trading business could quickly offset any gains from the custody of assets. So far, Coinbase says it has not seen evidence of cannibalisation....
...Bitcoin has lost 15 per cent of its value over the past two weeks, as some investors use the much-hyped launch of bitcoin exchange traded funds earlier this month to take profits and exit their holdings...
...used in the equity space to achieve exposure with less risk (the premiums from selling call options in covered call ETFs tend to offset losses in a declining market, albeit with the tradeoff of smaller gains...
...But if one side potentially gains power, someone else loses it....
...Bitcoin rose 5.1 per cent to $45,817, bringing its total gains since the beginning of October to 69 per cent....
...But thanks to the run-up in the price of bitcoin in 2023, MicroStrategy’s hoard is now worth more than $8bn, giving the company a gain of some $2bn on its investment....
...In April, the network that bitcoin runs on will also slow the circulation of available bitcoins, a scheduled update that the market expects will support further gains for the flagship cryptocurrency....
...The cryptocurrency’s spot price swung sharply on the news, moving between a 1.5 per cent gain for the day before sliding 3.5 per cent to just under $46,000 as the SEC confirmed the post was fake.https://...
...The price of bitcoin swung sharply on Tuesday afternoon after the US Securities and Exchange Commission’s account on X falsely reported that the watchdog grants approval for Bitcoin exchange-traded funds...
...So thanks a tonne Financial Conduct Authority for denying us British investors the spoils of a two-thirds gain in prices. Hopefully, you own bitcoin via other means....
...The crypto trading platform’s near 400 per cent surge in stock price trounced tech peers, exceeding even Nvidia’s 249 per cent gain....
...surrender some potential market gains in return....
...A spot Bitcoin ETF will make it easier for investors to gain exposure through a regulated vehicle, potentially appealing to both retail and professional investors....
...He pointed to investors taking gains after watching the price of bitcoin rise in the months since Grayscale won a lawsuit against the Securities and Exchange Commission, which had sought to block the conversion...
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