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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Bitcoin Market Forecast: The Influence of BTC Ordinals on the Upcoming Bull Surge

Bitcoin Market Forecast: The Influence of BTC Ordinals on the Upcoming Bull Surge

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The rise of Bitcoin Ordinals, similar to Bitcoin’s version of Non-Fungible Tokens (NFTs), has sparked significant curiosity in the crypto space. The 46 million plus Ordinals inscriptions highlight the buzz around this new protocol. This advancement, adding fresh functionality to the Bitcoin blockchain, could have a positive impact on Bitcoin’s worth, drawing more participants and broadening Bitcoin’s applications. However, with the potential for market growth, Bitcoin Ordinals also pose challeng

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Revealing the Tether Bitcoin Strategy: An Exceptional $1.1 Billion Profit from the Recent Price Upsurge

Revealing the Tether Bitcoin Strategy: An Exceptional $1.1 Billion Profit from the Recent Price Upsurge

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The Tether Bitcoin strategy profit has yielded a remarkable $1.1 billion in unrealized gains, following the recent price upswing of Bitcoin. The cryptocurrency briefly surpassed the $42,000 mark, marking a noteworthy 13.1% increase over the past week. This surge has resulted in substantial profits for Tether, given its substantial holding of 57,576 BTC, bought at an average price of $22,480 per Bitcoin. Of Tether’s total Bitcoin holdings, 53,492 BTC were set aside before March 2023, and a strate

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Bitcoin Mining Pool F2Pool: A Case Study on Transaction Filtering based on US Sanctions

Bitcoin Proof of Work: Unveiling the Prospects of Alternative Cryptocurrencies

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Bitcoin, renowned for its proof of work blockchain, has experienced significant progress, creating numerous millionaires. Yet, for small-scale crypto investors with limited purchasing power, Bitcoin’s growth potential appears constrained. This is why alternative cryptocurrencies, especially those employing the Bitcoin proof work process, are seen as more promising investment options. Altcoins such as Qubic (QUBIC), Nexa (NEXA), and Firo (FIRO) present intriguing possibilities for retail investor

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: An In-depth Insight into Purchasing Bitcoin and Ether in the UK

An Insight into How to Buy Bitcoin and Ether in the UK

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This article provides an in-depth understanding of how to buy Bitcoin and Ether in the UK, considering the country’s legal framework, secure storage choices, and suitable cryptocurrency exchanges. Buying Bitcoin and Ether in the UK is perfectly legal, but it’s crucial to remember that these cryptocurrencies aren’t recognized as legal tender, like the British pound. The process to buy bitcoin UK involves picking a reliable crypto exchange, setting up a safe wallet, and making informed payment dec

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Bitcoin Mining Pool F2Pool: A Case Study on Transaction Filtering based on US Sanctions

Bitcoin Mining Pool F2Pool: A Case Study on Transaction Filtering based on US Sanctions

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Bitcoin is known for its anti-censorship nature and immunity against unwarranted regulations. Yet, a new study reveals that F2Pool, a leading Bitcoin mining pool, has been selectively filtering transactions in line with sanctions set by the US Office of Foreign Assets Control (OFAC). This is a stark contradiction to Bitcoin’s ethos that anyone can make transactions provided they can pay the network fees. The disclosure was made by an anonymous Bitcoin developer, 0xB10C, who discovered six transa

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Bitcoin's New Peak: Crypto Market Valuation Soars to $1.45 Trillion

Crypto Market Valuation Soars to $1.45 Trillion & Bitcoin Price Prediction hits $130,000

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Bitcoin, the leader in the world of cryptocurrencies, has set a ‘Bitcoin new record’ by witnessing a price increase to $38,400. This significant achievement can be attributed to various factors, including the expected approval of the BlackRock Bitcoin Spot exchange-traded fund (ETF) and rumours surrounding BlackRock’s impact on Bitcoin’s price through substantial buying pressure on Coinbase. This record-breaking achievement has not only elevated Bitcoin’s value but also led to a rise in other pr

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Binance's DOJ Settlement Fuels Bitcoin Price Increase

Binance’s DOJ Settlement Fuels Bitcoin Price Increase

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Binance’s settlement with the US Department of Justice has triggered a significant increase in Bitcoin’s price. This development has reignited traders’ hopes for the approval of a spot Bitcoin Exchange Traded Fund (ETF), which is expected to bring substantial capital into Bitcoin, thereby driving up prices across the crypto market. Despite Binance co-founder Changpeng ‘CZ’ Zhao’s guilty plea and a hefty $4.3 billion settlement, the market noticed Binance wasn’t suffering from a massive funds exo

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Bitcoin Supply Profit Soars as Majority of BTC Becomes Profitable Again

Bitcoin Supply Profit Soars as Majority of BTC Becomes Profitable Again

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The Bitcoin supply profit has experienced a notable surge, reaching heights not seen in the past two years, according to Glassnode. The Bitcoin supply in profit reached a zenith during the recent market surge, with approximately 83.6% of the circulating Bitcoin supply, equivalent to 16.36 million BTC, now held with profits. Despite the market’s slight dip from its November 2021 peak, the unrealized profit in these coins remains relatively moderate. This recent increase in Bitcoin supply profit h

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Grayscale Bitcoin Trust: Journey Towards Transformation Into a Spot Bitcoin ETF

Grayscale Bitcoin Trust: Journey Towards Transformation Into a Spot Bitcoin ETF

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In a recent meeting with the SEC, Grayscale executives discussed a potential rule change to transform the Grayscale Bitcoin Trust into a spot Bitcoin ETF. Grayscale’s partnership with BNY Mellon, aimed at assisting with share issuance and account management, was also disclosed. However, this does not guarantee immediate transformation of GBTC. The proposal, now termed ‘uplisting’, could see Grayscale controlling $20 billion in assets, thus dominating the ETF landscape. Despite competition from g

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Differing Opinions on Bitcoin’s Future Amid Expectations of Bitcoin ETF Authorization

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The crypto community eagerly awaits the US approval of Spot Bitcoin ETFs, anticipating it could launch a bullish Bitcoin surge. However, noted economist Peter Schiff counters this optimism, projecting a Bitcoin crash ahead of the SEC’s approval of spot Bitcoin ETFs. He recently used a social media survey to predict when the next Bitcoin downturn might occur. Despite most of his followers thinking the crash will happen post-ETF approval, Schiff asserts it will take place beforehand.

Sch

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Prospects for Spot Bitcoin ETF Approval Brighten, Yet Launch Could Be Postponed

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While a dozen asset managers have applied for a spot Bitcoin ETF with the SEC and the initial approval window is set to open on November 8, analysts forecast that even with approval, the real launch might see a month’s delay due to the ETF’s two-tier launch process. This involves obtaining SEC clearance from the Trading and Markets division and the Corporate Finance division. Despite nine of the twelve Bitcoin ETF applications having presented revised prospectuses, any SEC approval of the 19b-4

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Bitcoin's Market Trend: Bullish Surge or Imminent Correction?

Bitcoin’s Market Trend: Bullish Surge or Imminent Correction?

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Bitcoin has been exhibiting a strong bullish trend, with buyers’ dominance pushing the price to a significant resistance level around $35K. This trend, evident from the start of 2023, has been marked by an ascending channel pattern of higher highs and lows. However, a temporary market correction seems plausible due to the rapid price surge.

On a daily analysis, Bitcoin’s upward momentum has seen it surpass its previous significant daily swing high at approximately $31.8K, leading to a n

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