In their latest annual research report titled ‘Big Ideas 2024,’ ARK Invest, a renowned investment management firm, has put forth a compelling case for including Bitcoin in institutional portfolios. Drawing upon an extensive analysis of the crypto’s performance, the report recommends a significant allocation of “19.4%” to Bitcoin. This figure is not arbitrary but is

Vaklyrie Investments and BitGo have entered into a custodianship agreement, according to an announcement from the latter company on Feb. 1. Mike Belshe, CEO of BitGo, said: “… [Valkyrie] took a new step forward with their newest ETF to help investors around the world get access to Bitcoin. It’s a privilege to be their custodian
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The United States Department of Energy recently announced it will collect energy use data from crypto miners next week. Related Reading: Bitcoin Mining Boom: Inscription & Monetary Transfers Both Hit ATHs Crypto Miners Required To Give Their Energy Use Details On January 31, The US Energy Information Administration (EIA) announced the initiation of a provisional

As Bitcoin’s short stint below $40,000 caused quite a stir in the market, one could expect that its recovery to $42,000 would have caused a spike in retail trading activity. With short-term holders making up the majority of what we call “retail” traders, a quick jump in Bitcoin’s price would usually cause a notable spike in
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Quick Take The 15th day in the evolving landscape of Bitcoin ETFs displayed a rather moderate pace with only $38.5 million in net inflows, according to BitMEXResearch. The Grayscale Bitcoin Trust (GBTC) observed its lowest amount of outflows since day one of the trading period, recording a drop to $182 million. Despite reduced net inflows,
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Quick Take Bitcoin’s difficulty adjustment is poised for another significant shift with an upcoming 7% adjustment, according to Newhedge. This marks the largest difficulty increase in almost a year since March 2023. The evolution of Bitcoin’s mining difficulty is a significant indicator of the network’s health and security. The previous difficulty adjustment registered a decrease
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The United States, through the Energy Information Administration (EIA), will start collecting data about cryptocurrency miners’ energy consumption rate within the nation starting next week. On Jan. 31, the EIA revealed its intention to initiate a provisional survey targeting commercial cryptocurrency miners. This survey was authorized by the Office of Management and Budget (OMB) as
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The respected crypto authority predicts a significant rally for Solana (SOL) amid brewing banking sector challenges.

Technical issues push back the highly awaited Taproots Wizard NFT mint for a second time.

The collapse of several high-ranking financial institutions in 2023 – led by Signature Bank and Silicon Valley Bank (SVB) bank – created a ripple effect that led many investors to look more thoughtfully into digital assets and decentralized financial services. A recent report has shown that the crypto market boasts