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ForkLog 8 13.03.2024

US Proposes 30% Excise Tax on Bitcoin Mining Electricity

The administration of US President Joe Biden has proposed a 30% excise tax on electricity used for cryptocurrency mining, such as Bitcoin. Biden administration is proposing a 30% tax on electricity used by #bitcoin miners, even if you are off-grid using your own solar and wind generation. All of the reasons they provide are pretextual, […]

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ForkLog 22 12.03.2024

BlackRock’s Spot Bitcoin ETF AUM Surpasses 200,000 BTC

Just two months after the launch of the first spot Bitcoin ETFs in the US, the assets under management of BlackRock’s IBIT fund have exceeded 200,000 BTC ($14.6 billion).

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ForkLog 16 12.03.2024

Impact of the Federal Reserve’s March Rate Decision on the Cryptocurrency Market: Expert Insights

Historically, Bitcoin has shown an inverse relationship with the Federal Reserve’s base rate. Analysts predict that the upcoming meeting of the regulator on March 20 could pose a significant barrier to the growth of the cryptocurrency market. In comments to ForkLog, experts explained the macroeconomic pattern and shared their forecasts. The Rate and Bitcoin U.S. […]

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ForkLog 9 12.03.2024

Bitcoin’s Record Highs Enhance Liquidity, Reports Kaiko

Bitcoin’s new all-time high has led to record liquidity depth and a return of trading volumes to 2021 levels. Tether’s market capitalization has reached a historic high of $100 billion. Funding rates remain near peaks, indicating sustained high demand. The market depth of Bitcoin, in terms of the value of orders within 2% of the […]

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ForkLog 4 12.03.2024

Bernstein Predicts Miner Stocks to Outperform Bitcoin on Path to $150,000

Shares of mining companies remain the best proxy investments in Bitcoin as the cryptocurrency moves towards the $150,000 target. This view is shared by Bernstein analysts, as reported by The Block. In a note to clients, Gautam Chhugani and Mahika Sapra highlighted that historically, miner stocks have almost always outpaced Bitcoin in growth during bull […]

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ForkLog 8 12.03.2024

Bloomberg Analysts Lower Odds of Spot Ethereum ETF Approval to 35%

Bloomberg experts have reduced the chances of spot ETH-ETF approval in May to 35%. The decline in optimism is due to the SEC’s low engagement in discussions with issuers. The PoS mechanism, price manipulation risks, and the potential classification of the asset as a security pose additional challenges for a positive verdict. Bloomberg analyst Eric […]

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ForkLog 10 11.03.2024

Grayscale and Coinbase Discuss ETH-ETF Conversion with SEC

Coinbase presented arguments for converting Grayscale’s Ethereum Trust into a spot ETF. SEC representatives showed little enthusiasm during the discussion. Bloomberg and FOX Business see this as reducing the likelihood of product approval in May. Representatives from Grayscale and Coinbase discussed with the SEC the rule changes necessary to launch an ETF based on the […]

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ForkLog 15 08.03.2024

The Rise of AI Worms: Morris II and the Future of Cyber Threats

Researchers have tested the first AI computer virus. The Morris II worm identifies vulnerabilities in LLM operations, accessing data. No real attacks have occurred yet, but companies should prepare for them. Developers are increasingly considering the risks inherent in the field of artificial intelligence. One such risk is the emergence of neural network viruses capable […]

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ForkLog 6 08.03.2024

Federal Reserve Chair: Digital Dollar Will Not Be a Surveillance Tool

The Federal Reserve is not ready to launch a digital dollar and is not interested in a form that would allow for citizen surveillance. This was stated by the head of the regulator, Jerome Powell, during hearings in the U.S. Senate. “I want to say that we are far from recommending or, even more so, […]

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ForkLog 65 07.03.2024

CoinGecko Advises Engaging with Berachain Testnet for Potential Airdrop

CoinGecko experts have suggested that an airdrop by the L1 blockchain project Berachain is likely and have provided guidance on how to prepare for the potential distribution. Berachain (@berachain) is an upcoming Layer 1 blockchain that is built on the Proof-of-Liquidity consensus mechanism. Learn about the testnet interactions available and how you can earn Berachain […]

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ForkLog 7 07.03.2024

Michael Saylor: Spot Bitcoin ETFs to Surpass Gold-Based Funds

This summer, Bitcoin ETFs will surpass gold-based funds in asset volume. BlackRock’s IBIT set a new record for daily inflow and trading volume. The combined turnover of the products exceeded that of Microsoft shares. Gold ETFs remain the largest in the exchange-traded commodities category but will soon be overtaken by their counterparts based on the […]

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ForkLog 7 06.03.2024

Glassnode Reports Increased Bitcoin Sales by Long-Term Holders as Price Nears All-Time High

Monthly sales by long-term investors have surged to 257,000 BTC as the price of the leading cryptocurrency approaches its all-time high, according to calculations by Glassnode. As #Bitcoin reached its ATH, a careful assessment reveals a nuanced interplay between exchange and ETF flows indicating market balance, alongside the start of the classic distribution pattern by […]

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