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During the last three months, there’s been a significant focus on the effects bitcoin mining has on the global environment. While many have claimed bitcoin mining is bad for the environment and many others have stressed that it affects the environment in a positive way, either way, most are relying on unreliable and old data … Read more
Ether investment products have suffered record outflows this past week, while Bitcoin flows have begun to stabilize. Go to Source Powered by WPeMatico
The U.S. economy is looking stagnant according to data stemming from the Bureau of Economic Analysis, as core personal consumption expenditures (PCE) jumped 3.4% in May from a year prior. The recent PCE spike is the highest year-over-year basis change since 1992 and the statistic is fueling inflation concerns. Amid ‘Never Ending’ Market Rallies, Core … Read more
Meltem Demirors believes that the current Bitcoin price drop is a correction, and it is weeding out the paper hands. Go to Source Powered by WPeMatico
CoinShares’ weekly report showed another large outflow from digital asset products, with much of the selloff concentrated in Bitcoin funds. Go to Source Powered by WPeMatico
Despite recording weekly outflows, Ether funds have generated $994 million in inflows this year. Total assets held in ETH funds are nearly $11.1 billion. Go to Source Powered by WPeMatico
On Sunday, Tesla’s CEO Elon Musk tweeted that when there’s “confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions.” However, there’s a big problem with this goal, as nobody knows exactly how to measure 50% clean energy usage let alone precisely where miners are geographically … Read more
Institutional investors withdrew a record $141 million from Bitcoin investment products this past week. Go to Source Powered by WPeMatico
Deutsche Boerse Xetra is listing CoinShares physical Bitcoin, Ether, and Litecoin ETPs. Go to Source Powered by WPeMatico
Regulators don’t want to stifle the growth of crypto industry, CoinShares’ Meltem Demirors said. Go to Source Powered by WPeMatico