Bitcoin

How green is crypto, really? Activists accuse the industry of environmentally-hazardous side effects, but how true are these claims? What is the environmental impact of crypto? A new report from UCL, alongside an exclusive interview, addresses these questions and more. Mining Costs The alleged environmental costs of Bitcoin and cryptocurrency are an enduring thorn in the industry’s side. Prominent actors frequently debate controversial claims, but crypto enthusiasts are quick to dispute the harshest assertions. Studies from reputable scientific agencies have…

The stablecoin market has achieved a remarkable milestone, reaching a total market capitalization of $170 billion. This figure has not been observed since the collapse of TerraUSD (UST) in May 2022. According to data from DeFiLlama, this marks a 42.86% increase from the $119.1 billion market capitalization in November 2023. Analyst Explains How Rising Stablecoin Supply is Bullish For Bitcoin Driving this resurgence are the top three USD-pegged stablecoins – Tether (USDT), with a market cap of $118.43 billion; USD…

The US Consumer Price Index revealed that inflation dropped to 2.5% in August, down from 2.9% in July. Bitcoin’s subdued response suggests that markets had already priced in the positive news. US Inflation Falls To 2.5% The US Bureau of Labor Statistics (BLS) reported that CPI inflation fell to 2.5% in August, down from 2.9% in July. The CPI measures the average price changes consumers pay for goods and services, serving as a key indicator of inflation and the dollar’s…

The post Bitcoin Outflows Soar to $750M: What It Means for BTC’s Future appeared first on Coinpedia Fintech News Bitcoin’s recent outflows have surged to $750 million, marking the highest net withdrawal since May. This huge shift suggests that investors are moving their BTC into cold storage, potentially signaling a rise in confidence and a bullish outlook for Bitcoin. According to Juan Pellicer from IntoTheBlock, the increase in outflows could be due to investors expecting higher prices or avoiding potential…

The post Bitcoin Shows Bullish Move As Expected CPI Data Could Ignite Next Bull Run appeared first on Coinpedia Fintech News As the cryptocurrency markets look to bounce back, Bitcoin ETFs are seeing a major boost. On September 10th, these ETFs received $117 million in inflows, ending an eight-day dry spell. Meanwhile, top analyst Michael van de Poppe predicts a Bitcoin price surge, fueled by these positive ETF inflows and the upcoming release of CPI data. Bitcoin Shows Bullish Move…

As the cryptocurrency market continues to evolve, predictions of massive price surges often dominate discussions. According to a top data analyst, both Shiba Inu (SHIB) and GoodEgg (GEGG) could see astronomical increases of up to 18,887% if Bitcoin reaches the predicted price of $110,000. With Bitcoin acting as the backbone of the crypto market, altcoins like Shiba Inu (SHIB) and GoodEgg (GEGG) are expected to ride the wave of momentum, offering incredible gains for investors. Shiba Inu (SHIB) Moves Beyond Meme Status Originally launched…

With a possible 2.5% CPI figure due to be released later on Wednesday, the stage is being set for a potential 50 basis points cut in interest rates by the Federal Reserve a week from now. While a trend reversal to the upside for Bitcoin may not be imminent, it could now be baked into the cake for this last quarter of the year. Lower CPI figure expected According to the Kobeissi Letter account on X, the big U.S. banks…

On Tuesday, Bitcoin exchange-traded funds (ETFs) received inflows totaling approximately $117 million. Leading this surge, Fidelity’s Bitcoin Fund (FBTC) captured around $63 million in net inflows. Consequently, FBTC’s eight-month total inflows now stand at $9.5 billion. BlackRock’s Bitcoin ETF Yet to Record Inflows On the same day, Grayscale’s Bitcoin Mini Trust (BTC) and ARK Invest/21Shares’ Bitcoin ETF (ARKB) also experienced substantial inflows. They attracted about $41.1 million and $12.7 million respectively. These figures signify that spot Bitcoin ETFs crossed the…

The post Solo Bitcoin Miner Won Bitcoin Mining Lottery, Earn Reward of $180,000 appeared first on Coinpedia Fintech News A solo Bitcoin miner has achieved a rare victory, securing an entire Bitcoin block reward worth $180,000. In the highly competitive world of Bitcoin mining, where large mining pools usually dominate, a solo miner winning a block is like hitting the jackpot. The Challenge of Solo Mining Mining Bitcoin has become more difficult due to the rise of advanced mining rigs…