U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day in the red, with $ 91.76 million flowing out of the funds. However, spot ethereum ETFs showed some resilience, pulling in $ 14.45 million in fresh inflows on Wednesday. Bitcoin ETFs Experience Outflows as Ethereum ETFs Rise Above On Oct. 2, 2024, the 12 …
Despite a bump in mining difficulty and a drop in hashprice, Bitcoin’s total hashrate is still on the rise. In fact, on Wednesday it’s just 12 exahash per second (EH/s) away from reaching its peak of 677 EH/s, which was recorded on July 25. Bitcoin Mining Operations Push Through Lower Hashprice, Nearing Record Hashrate On […]
The latest figures from U.S. spot bitcoin and ethereum exchange-traded funds (ETFs) reveal another contrasting shift. Bitcoin ETFs welcomed $ 192.56 million in inflows, while their ethereum counterparts saw around $ 2.87 million in net outflows. Blackrock’s IBIT Leads Inflow Gains On Thursday, bitcoin and ether ETFs moved in opposite directions, with bitcoin …
According to one expert, bitcoin currently needs to trade above $ 55,000 for miners to break even and $ 94,000 for them to return to profitability levels seen before the halving. To compensate for the revenue loss caused by the halving of Bitcoin’s block reward, miners are resorting to mergers or hostile takeover …
Indian cryptocurrency exchange Wazirx is implementing a socialized loss strategy to distribute the impact of the recent $ 230 million cyberattack among all its users. The exchange stated that 55% of users’ crypto assets will be accessible, while the remaining 45% will be converted to USDT-equivalent tokens and locked. “The fastest way to open …