Peter Schiff, a renowned adversary of digital currencies, is gearing up to release a set of NFT artworks called Bitcoin Ordinals. The collection will showcase a unique Ordinal that is integrated into the Bitcoin blockchain, along with a painting named “Golden Triumph“, which showcases a picture of a human hand clutching a gold bar. The collection will be auctioned in …
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Bitcoin’s presence in the non-fungible token (NFT) space has skyrocketed. Based on data from CryptoSlam, Bitcoin now proudly sits as the second-largest NFT chain. In the span of the past 30 days, the digital currency has seen a surge, raking in approximately $168.25 million from NFT sales alone. Bitcoin Climbs, Yet Trails Behind Ethereum However, despite its impressive leap, Bitcoin …
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Bitcoin mining has emerged as a highly profitable business for miners, with their total revenue surpassing $50 billion. Despite the inherent difficulties associated with mining, miners have achieved impressive profit margins ever since the first cryptocurrency mining operation was launched with the genesis block in 2009. Data on Bitcoin Mining Profits Based on the available data given by Glassnode, it …
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The recent endorsement of Bitcoin by US Senator Ted Cruz has sparked renewed interest in the cryptocurrency market. Senator Cruz, a prominent conservative figure, took to Twitter to express his support for Bitcoin, citing its ability to serve as a hedge against inflation and a way to protect individual freedoms. This endorsement is seen as a significant development for the …
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According to a recent report from on-chain analyst Lookonchain, a Bitcoin whale that has been inactive for nine years has recently transferred $60 million worth of Bitcoin. The transfer was initiated from a wallet that has been dormant since 2013, and the Bitcoin was transferred to an unknown wallet. This news has caused a commotion among the cryptocurrency community, with …
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According to recent reports, Australia has outpaced the entire Asian continent in the number of Bitcoin ATMs installed. This is despite the fact that Asia is home to major economies such as China, Japan, Singapore, and India. In fact, Asia accounts for only 1% of the world’s total crypto ATMs, with a mere 355 machines. On the other hand, Australia …
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Crypto investors have reason to celebrate as the crypto market saw a massive inflow of over $46.15 billion in the last 24 hours, pushing its market share to nearly $1.3 trillion. According to expert traders, this marks the start of the altcoin season, with plenty of opportunities for investors to make significant returns. However, caution is advised as the cycle …
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On Thursday, most cryptocurrencies were trading higher following better-than-expected US economic data. Bitcoin (BTC) rose 0.66% to $30,244, with a trading volume of approximately $18.62 billion, an increase of 6.42% in the last 24 hours. According to Mudrex CEO Edul Patel, BTC is trading above the $30,000 level, indicating that the bulls have the upper hand in the market. Ethereum …
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The global stock exchange operator Nasdaq is set to launch its crypto custody services by the end of June 2023. The move signifies an increasing interest in the cryptocurrency industry by institutional investors despite widespread regulatory uncertainty and suspicion of cryptocurrencies in some countries. Nasdaq has applied to the New York State Department of Financial Services for a limited-purpose trust …
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