Staunch anti-crypto candidate Jamaal Bowman, a representative for New York’s 16th congressional district, lost his state’s primary election Tuesday night to Westchester County executive George Latimer amid growing political tensions over digital assets. Jamaal Bowman Loses To George Latimer In NY Primary Election Official results showed that 58% of voters in the district supported Latimer,...
Everything is bigger in Texas, including the Bitcoin mining industry. The Lone Star State has grown to become one of the largest Bitcoin mining hubs in the world. Miners started flocking to Texas following China’s mining exodus. A number of Bitcoin miners set up shop in Texas due to the region’s abundance of wind and...
Bitcoin spot exchange-traded funds (ETFs) in the United States experienced a positive turnaround on Tuesday as they attracted a total net inflow of $31 million. This marked a significant change from the seven consecutive trading days of net outflows observed in the 11 Bitcoin spot ETFs, according to data from SoSoValue. More specifically, Fidelity’s FBTC...
On June 26, a wallet address reportedly under the control of the German Federal Criminal Police Office (BKA) transferred 250 BTC ($15.4 million) – marking another instance of the German government engaging in Bitcoin transactions. This move is part of a larger series of transfers following the seizure of 50,000 BTC from the film piracy...
Robert Kiyosaki, known for his pro-crypto stance, believes Bitcoin is about to take off and enter what some call the “Banana Zone.” The “Rich Dad Poor Dad” author explained his optimism about the asset’s future in an X post on Wednesday. His enthusiasm stems from former Goldman Sachs hedge fund manager Raoul Pal’s forecast, pointing...
Ripple CEO Brad Garlinghouse criticized US Securities and Exchange Commission (SEC) Chair Gary Gensler’s views and actions regarding the crypto industry on June 25, suggesting they could adversely affect President Biden’s re-election bid in November. Ripple CEO Calls for Removal of US SEC Chair Over Crypto Policies Garlinghouse reacted to the US SEC’s Chair’s viral...
Trading firm and liquidity provider GSR’s Rich Rosenblum and Xin Song are slated to become the company’s co-CEOs as current CEO Jakob Palmstierna transitions to the role of president, the crypto market maker announced in a Wednesday press release. GSR’s Rich Rosenblum, Xin Song Transition Roles With Jakob Palmstierna According to the June 26 announcement,...
Crypto asset management firm Coinshares has rebranded its Nordic ETP brand XBT Provider to “CoinShares XBT Provider” and is preparing to expand in the second half of 2024. Back in May 2015, Sweden’s XBT Provider AB announced the authorization of Bitcoin Tracker One, the first Bitcoin-based security available on a regulated exchange. In October of...
Bitcoin miners have entered an extended sell-off period that hasn’t been witnessed since 2017, on-chain data suggests. According to CryptoSlate lead analyst James Van Stratten’s June 17 analysis, the Bitcoin market is now 33 days into a miner capitulation, the sort that historically lasts for 41 days on average. Bitcoin Miner Sell-Off In Effect Miner...
A handful of Bitcoin miners are diversifying operations to support artificial intelligence (AI) data centers amid struggles to stay profitable. Data from Bitinfocharts show that the average BTC transaction fee on April 19, the day of the Bitcoin halving, surged to $127. Yet this has since plummeted to around $4 at the time of writing....