crypto ira

The Rise of the Stablecoin Economy: A Look at the First Month of 2024

Growth in Market Capitalization In the past month, data reveals a significant increase in the combined market capitalization of leading stablecoins, rising from $131.71 billion to $136.56 billion. The top two stablecoins, Tether (USDT) and USD Coin (USDC), experienced notable expansions in their supplies, with increases of 4.8% and 7.2% respectively. Stablecoin Economy on the […]

The Rise of the Stablecoin Economy: A Look at the First Month of 2024 Read More »

GBTC Sheds Almost 125,000 Bitcoin While 9 Fresh ETFs Gather Over 160,000

In the most recent update, Grayscale's Bitcoin Trust (GBTC) experienced a decrease of 4,461.36 bitcoin, valued at approximately $190.53 million, over the past day. Since Jan. 12, 2024, GBTC has observed a cumulative reduction of about 124,967.54 bitcoin, equivalent to an estimated $5.33 billion. Meanwhile, the nine recently launched spot bitcoin exchange-traded funds have collectively

GBTC Sheds Almost 125,000 Bitcoin While 9 Fresh ETFs Gather Over 160,000 Read More »

Tether’s Audit Report Reveals $2.8 Billion in Bitcoin Holdings

Tether's Robust Balance Sheet Validates $2.8 Billion in Bitcoin Ownership Tether, the leading stablecoin issuer, has recently announced the results of its audit conducted by BDO, a renowned auditing firm. The audit report unveils Tether's impressive balance sheet, confirming its ownership of over $2.8 billion in Bitcoin. This revelation solidifies Tether's position as a key

Tether’s Audit Report Reveals $2.8 Billion in Bitcoin Holdings Read More »

Larry David Reflects on Super Bowl FTX Ad: ‘Like an Idiot, I Did It’

At the premiere of "Curb Your Enthusiasm's" final season, Larry David expressed remorse for his participation in a Super Bowl commercial for FTX, reflecting on the decision as misguided after the cryptocurrency exchange's bankruptcy. Larry David Admits Regret Over FTX Super Bowl Ad: ‘Like an Idiot, I Did It’ Larry David, the creator behind "Seinfeld"

Larry David Reflects on Super Bowl FTX Ad: ‘Like an Idiot, I Did It’ Read More »

NFT Collections Drive Market Recovery With 3.74% Increase in Weekly Sales

NFT Sales Defy Recent Downtrend The NFT market has seen a significant boost with a 3.74% increase in sales compared to the previous week, amounting to a total of $236,234,800 over the past seven days. This rise comes as a surprise, as the market has been experiencing consecutive weeks of declining sales. Top-Performing NFT Collections

NFT Collections Drive Market Recovery With 3.74% Increase in Weekly Sales Read More »

The Impact of Government Regulations and the Impending Bitcoin Halving on Miners

The Role of Bitcoin Miners in the Current Blockchain Landscape Bitcoin miners have faced unique challenges in recent months due to the increased demand on Bitcoin's blockchain. The introduction of the Ordinals protocol has allowed users to inscribe unique data on small denominations of bitcoin, creating new "tokens" directly on the blockchain. This has led

The Impact of Government Regulations and the Impending Bitcoin Halving on Miners Read More »

Monero’s Market Plummets 32% as Binance Announces Delisting, Sparking XMR’s Turbulence

Monero Faces 32% Value Slash as Binance Cuts Ties With Privacy Coin The leading privacy-focused cryptocurrency by market valuation, Monero (XMR), experienced a sharp 32% decline within the last day after news broke that Binance intends to remove the coin from its platform. Citing non-compliance with its listing criteria, Binance announced that Monero, along with

Monero’s Market Plummets 32% as Binance Announces Delisting, Sparking XMR’s Turbulence Read More »

Onchain Bitcoin Fees in 2024: Analyzing Transaction Costs and Delays

Introduction In this article, we will take a closer look at the onchain Bitcoin fees in 2024. We will analyze the average transfer fees and transaction delays on the Bitcoin network over the past 36 days. The data reveals some interesting insights into the current state of Bitcoin transaction costs. Bitcoin Transfer Fee Insights From

Onchain Bitcoin Fees in 2024: Analyzing Transaction Costs and Delays Read More »