SIX MINING is a UK-based cryptocurrency investment platform launched in 2018, focused on creating an eco-friendly mining environment. It offers an easy way for both beginners and experienced investors to earn passive income without needing prior investment knowledge. Users can start by registering and receiving a $12 trial bonus, which can be used for mining ...
Bitcoin’s 30-day correlation with the NASDAQ 100 has reached 70%, indicating that it is increasingly influenced by macroeconomic factors like the tech sector. Analysts at Matrixport suggest this trend may not last, hinting at a potential divergence from tech stocks soon. Additionally, the upcoming movement of $1 billion in Bitcoin by Mt. Gox could create ...
Bitcoin’s recent correlation with the NASDAQ 100 has reached 70%, indicating increased sensitivity to broader economic factors. Analysts from Matrixport express concerns that this high correlation might not last, suggesting a possible divergence from tech stocks soon. Meanwhile, the impending movement of $1 billion in Bitcoin from the defunct Mt. Gox exchange could add downward ...
Timothy Peterson, a Bitcoin network economist, remains hopeful about Bitcoin’s future, suggesting there’s a 75% chance it will reach new highs in the next nine months. He noted that Bitcoin is currently near its historical low range, signaling a strong potential for a positive price rally. Peterson also highlighted a 50% chance for Bitcoin to ...
GameStop has announced that its board has approved the addition of bitcoin as a treasury reserve asset, causing its shares to rise by 7% after hours. This decision mirrors moves made by other companies like MicroStrategy, which is heavily invested in bitcoin. GameStop plans to use part of its cash or future funds to purchase ...
GameStop’s stock rose over 6% in after-hours trading after the company announced plans to invest in Bitcoin with its cash reserves. The board approved an update to its investment policy, making Bitcoin a treasury reserve asset. This move follows reports that GameStop was exploring cryptocurrency investments, spurred by social media speculation from CEO Ryan Cohen. ...
BlackRock is making waves in Europe’s cryptocurrency Market by launching a physically backed Bitcoin exchange-traded product (ETP), known as the iShares Bitcoin ETP (IB1T). With an initial expense ratio of 0.15%, this fee will increase to 0.25% later in the year. The IB1T is based in Switzerland and relies on secure Bitcoin storage through Coinbase, ...
BlackRock is launching its iShares Bitcoin ETP (IB1T) in Europe, marking a significant step into the cryptocurrency Market. This Bitcoin exchange-traded product features a low total expense ratio of 0.15%, which will increase to 0.25% at the end of the year. The ETP is physically backed by Bitcoin stored securely with Coinbase and trades on ...
In the fourth quarter of 2024, Bitcoin mining revenues reached $3.7 billion, a significant 42% increase from the previous quarter. This growth suggests miners are adjusting to the reduced rewards after the Bitcoin network’s halving in April 2024, which cut mining rewards in half. Though the mining landscape is stabilizing, potential trade wars could impact ...
The White House is exploring a new strategy to enhance the U.S. position in the cryptocurrency Market by potentially using profits from its gold reserves to acquire Bitcoin. Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, suggested that this approach would be “budget-neutral,” allowing for Bitcoin purchases without additional ...
