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BlackRock Deepens BTC Bet As Spot Bitcoin ETF AUM Barrels Past $21 Billion

American multinational investment company, BlackRock has surpassed Grayscale in total Assets Under Management (AUM) for Spot Bitcoin Exchange Traded Funds (ETFs). This milestone signifies BlackRock’s growing prominence in the ETF sector, highlighting the company’s confidence in crypto-based investments.   BlackRock Spot Bitcoin ETF Surpasses $21 Billion  BlackRock’s iShares Bitcoin Trust (IBIT) has exceeded $21.4 billion in […]

Press Release

Jobs Report, ECB Rate Cut Deliver Double Whammy

Friday delivered a double whammy to the Bitcoin market, exposing the cryptocurrency’s sensitivity to the ever-shifting sands of global economics. The price of the digital asset tumbled below $70,000 after a perplexing US jobs report collided with a surprise interest rate cut by the European Central Bank (ECB). The leading crypto asset was caught in […]

Press Release

Bitcoin Hits $69,000 as US Job Data Fuels Market Volatility

Bitcoin’s (BTC) price fell to $69,000 after Friday’s mixed US job data release, leading to over $411 million in liquidations. This decline followed the crypto market’s reaction to new economic indicators, which showed both positive and concerning signs for the US economy. Economic Indicators and Market Sentiment Set the Stage for Bitcoin’s Next Move Non-farm […]

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SingularityNET (AGIX)’s Istanbul Meetup Drives Strategic AI Developments

SingularityNET (AGIX) recently held a landmark technical meetup in Istanbul, Turkey. The event brought together leading figures within the organization and its ecosystem to discuss and drive forward their decentralized AI platform’s development, according to SingularityNET. Key Attendees and Discussions The meetup featured prominent attendees, including SingularityNET CEO Ben Goertzel, […]

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Crypto Marketplace Bakkt Considers Potential Breakup Or Sale As Market Recovers

Bakkt Holdings, the digital-asset marketplace launched by the parent company of the New York Stock Exchange (NYSE), is reportedly considering a potential sale in light of increased takeover activity within the crypto industry.  Bakkt Evaluates Strategic Alternatives According to Bloomberg, sources familiar with the matter have revealed that Bakkt has engaged a financial advisor to […]

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Franklin Templeton Altcoins Fund Sparks Crypto Portfolio Changes

Franklin Templeton, managing approximately $1.64 trillion in assets, is reportedly exploring the launch of a private fund for institutional investors focused on altcoins. This move signals a strategic expansion beyond Bitcoin and Ethereum. It reflects the growing interest in diversified crypto assets among institutional investors. Franklin Templeton Eyes Altcoin Fund A recent report reveals that […]

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Why is Bitcoin hash rate so important for its security?

Bitcoin’s hash rate is a critical metric that measures the computational power used to mine and process transactions on the Bitcoin network. It is expressed in hashes per second (h/s), with standard denominations including kilohashes (kH/s), megahashes (MH/s), gigahashes (GH/s), terahashes (TH/s), petahashes (PH/s), and exahashes (EH/s). The hash rate indicates how many calculations or […]