Money

HTX (Huobi Global) to Resume Deposits and Withdrawals After $13.6 Million Exploit

HTX, previously Huobi Global, resumes transactions after a $13.6 million breach. The platform swiftly managed the exploit The cryptocurrency platform HTX, previously identified as Huobi Global, declared it has “effectively managed this assault” and will reinstate deposit and withdrawal services within 24 hours following a $13.6 million security breach on November 22. In an official statement on November 23 posted…

Bitcoin Surpasses $37,000 for the Initial Time Since May 2022 as Brief Squeeze Elevates Prices Amidst Positive Sentiment Towards BTC Exchange-Traded Fund (ETF).

Over $62 million in bitcoin shorts were liquidated in the past 24 hours, contributing to higher prices. Bitcoin (BTC) surpassed the $37,000 threshold on Thursday, marking the first occurrence since May 2022 and further extending the substantial recent surge of the leading digital asset. Those betting against the rise in prices, the short sellers, seem to be hastily abandoning their…

Matrixport doubles down on $45K Bitcoin year-end prediction

After first setting its 2023 year-end BTC price target at $45,000 in early 2023, Matrixport has reiterated its bold Bitcoin prediction. Matrixport, a cryptocurrency trading firm founded by Bitmain co-founder Wu Jihan, has doubled down on its prediction that BitcoinBTC tickers down$34,897 will hit $45,000 by the end of 2023. After first setting its 2023 year-end BTC price target at…

BitGain Cloud Mining: Maximizing Profit with Ease and Efficiency

In the rapidly evolving world of cryptocurrency, finding profitable and sustainable investment opportunities can be a daunting task. However, BitGain Cloud Mining has emerged as a shining beacon, offering both novice and experienced investors a convenient and reliable way to earn cryptocurrency without the hassles of hardware maintenance and technical complexities. 1. Hassle-Free Mining One of the most significant advantages…

Cloud Mining: A Promising Pathway to Cryptocurrency Profits

Introduction In the dynamic realm of cryptocurrencies, innovation is the driving force behind numerous opportunities for enthusiasts to engage with the digital economy. One such avenue gaining popularity is cloud mining—a concept that allows individuals to participate in cryptocurrency mining without the intricacies of hardware management. In this blog, we’ll embark on a journey to explore the bright side of…

Breaking News: Grayscale Emerges Victorious in SEC Lawsuit for Bitcoin ETF Review

The appeals court said the SEC’s decision to reject the Grayscale Bitcoin ETF application was “arbitrary and capricious” in its ruling. Crypto Investment Firm Grayscale Investments Triumphs Over SEC, Clears Path for Bitcoin ETF Conversion In a significant win for the crypto asset management industry, Grayscale Investments has achieved a resounding victory against the United States Securities and Exchange Commission…

Canaan’s Q2 Mining Revenue Soars 43% Over Q1, Despite a 31% Rise in Net Loss

Bitcoin mining firm Canaan posts second quarter financials, with BTC mining revenue up 43% from Q1 2023, though net losses also rose 31% to $110 million. Bitcoin mining firm Canaan has disclosed its unaudited financial outcomes for the second quarter of 2023. The report highlights robust increases in computing power sold and Bitcoin mining revenues. However, these achievements were accompanied…

Bitcoin’s Value Surges to Highest Point in Two Weeks Following Grayscale’s Triumph Over SEC in Bitcoin ETF Case

BTC price volatility returns as good news over GBTC’s conversion to a spot Bitcoin ETF sends markets rallying. Bitcoin prices approached levels close to the highest point in a fortnight on August 29, triggered by reports of Grayscale, a digital asset management firm, emerging victorious in a legal battle against regulatory authorities in the United States. The SEC’s decision to…

Where To Buy Cryptocurrency: Best Websites & Exchanges

Cryptocurrency exchanges are platforms for trading cryptocurrency for other assets and traditional currencies. These tools provide a level of anonymity for users and transparency of both trading parties. Companies can use these platforms to accept or purchase cryptocurrencies of their own, and are the most common ways for businesses to begin investing in cryptocurrencies. Cryptocurrency exchanges can also be used…