CoinStats has launched a new feature powered by artificial intelligence, designed to optimize cryptocurrency profit-taking. CoinStats introduces AI-driven Exit Strategy feature to maximize crypto profits
Crypto portfolio app CoinStats has unveiled an innovative artificial intelligence (AI)-powered Exit Strategy feature on its platform, empowering traders to optimize their profits effectively, according to a Feb. 2 statement shared with CryptoSlate. The feature would allow crypto investors to strategically determine the optimal selling price for their cryptocurrency assets within their wallets. The asset
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The difficulty of mining Bitcoin has reached an all-time high, following a significant increase of 7.3%. Bitcoin mining difficulty hits new ATH after record 7.3% spike
Bitcoin mining difficulty has surged to a new all-time high, reaching 75.50T at block height 828,576 on Feb. 2, less than a month after its previous record-setting increase on Jan. 6. Mining difficulty saw a significant increase of 7.33%, the highest this year, marking the most difficult period to mine Bitcoin in its history. This
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Nasdaq includes the iShares spot Bitcoin ETF by BlackRock in its offerings. Nasdaq adds BlackRock’s iShares spot Bitcoin ETF to its listings
The major stock exchange Nasdaq announced on Feb. 2 that it has listed BlackRock’s iShares Bitcoin Trust (IBIT). Nasdaq said that BlackRock’s spot Bitcoin ETF is now trading on its platform while an executive endorsed the fund’s various features. Kevin Kennedy, Nasdaq’s VP of of North American Markets, said: “Through the ETF wrapper, investors can
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Bitcoin spot ETFs are among the most significant commodity ETFs in terms of assets managed. Spot Bitcoin ETFs rank among largest commodity ETFs by assets held
Several recently launched spot Bitcoin ETFs now rank alongside the largest commodity ETFs in terms of assets under management (AUM). Combining VettaETF’s list of commodity ETFs with its list of blockchain ETFs produces the following results: Rank Ticker Name AUM (in millions of dollars) 1 GLD SPDR Gold Shares 56,206.8 2 IAU iShares Gold Trust
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“Study Reveals Bitcoin Mining Consumes Merely 2% of US Power Supply” Much Ado About Nothing: Bitcoin Mining Eats Up Only 2% Of US Electricity, Study Finds
A recent report released by the US Energy Information Administration (EIA) has brought to light the substantial electricity consumption associated with Bitcoin mining operations within the country. The data reveals that these operations are consuming between 0.6% to 2.3% of the nation’s total electricity, a figure equivalent to the annual electricity needs of approximately 3-6
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