Jim Bianco of Bianco Research has poured cold water on the success of Bitcoin exchange-traded funds, arguing that the massive concentration of the largest cryptocurrency in traditional finance is not “something to be celebrated.” In fact, according to Bianco, this should be treated as a major red flag. According to the analyst, the price of Bitcoin […]
Category Archives: Coins
Nate Geraci, co-founder of The ETF Institute, has predicted that ETF issuers are going to file several cryptocurrency ETF filings this week in the US. These ETF products are expected to be based on such altcoins as XRP, Solana (SOL), and Cardano (ADA). There is no “downside” to getting aggressive for ETF issuers, according to […]
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In a recent update on X, financial educator and “Rich Dad, Poor Dad” author Robert Kiyosaki delivered a serious warning regarding the U.S. banking sector. According to Kiyosaki, a serious crash in the banking industry has already begun, marked by the recent closure of an Oklahoma bank. He cautions that both bonds and the commercial real […]
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial […]
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The Bitcoin mining industry is facing some tough times, with the average cost to produce a BTC reaching $96,100 for publicly traded miners when including non-cash costs such as depreciation and stock-based compensation, according to a report by CoinShares analyst James Butterfill. As the data shows, average cash costs rose to $49,500 per BTC in Q2, 2024, […]
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Cover image via stock.adobe.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial […]
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Jan
Jan
XRP, the Ripple-affiliated token, is currently trading in the green after recording a bullish pattern. According to the 100eyes Crypto Scanner, a service that provides alerts based on technical analysis, the seventh-largest cryptocurrency by market capitalization recently recorded a bullish divergence. This means that the relative strength index (RSI) made a higher low despite the […]
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MMS, part of German telecom giant Deutsche Telekom, has launched a trial Bitcoin (BTC) mining project with Bankhaus Metzler. The mission of the project is to create a system for mining BTC that will use excess energy produced by renewable sources such as solar and wind and, as a result, help stabilize the country’s power grid by using […]
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According to data provided by CoinWarz, Bitcoin mining difficulty, a metric that shows how many hashes have to be generated to solve the next block, is on track to surpass 100 trillion this week. After the most recent adjustment, the closely followed metric currently stands at 95.67 trillion after the most recent adjustment, which took place […]
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial […]