FYBIT blog

The Canadian Bitcoin mining company Hut 8 continues to accumulate self-mined BTC amid the ongoing merger deal with the industrial cryptocurrency miner, US Bitcoin (USBTC).

Hut 8 boosts self-mined Bitcoin reserves to 9.4K amid USBTC merger

Spenser Reed - October 10, 2023 0

According to Hut 8 CEO Jaime Leverton, the new merged mining business will have “highly diversified fiat revenue streams.” The Canadian Bitcoin mining company Hut 8...

Bitcoin’s ongoing sideways price action could flip bullish as early as November if it behaves similarly to previous cycles leading up to a halving event, according to market observers.

Bitcoin analysts look to November as price action looks to mirror...

Spenser Reed - October 10, 2023 0

Bitcoin’s months of sideways action have been uncannily similar to the previous two BTC market cycles, which saw a pivot in November leading up...

Ethereum Foundation Sells 1,700 ETH: What Does It Mean for the...

Vincent Parks - October 10, 2023 0

Recently, the Ethereum Foundation sold 1,700 of its Ethereum (ETH) coins. This caused a slight drop in Ethereum’s price. People in the crypto world are now wondering why...

Bloomberg Analyst: Bitcoin Signals Unexpected Rise Amidst US Treasury Bond Crisis

Vincent Parks - October 10, 2023 0

Bloomberg cryptocurrency analyst Jamie Coutts claims that Bitcoin (BTC) is signaling an unexpected rise as US long-term bonds continue to collapse. Coutts noted on social media platform X...

Digital asset investment products continued to see significant inflows in the past week, reaching the highest volume levels since July 2023, according to a new report.

Crypto investment products see largest inflows since July

Spenser Reed - October 9, 2023 0

Cryptocurrency investment products saw inflows for the second consecutive week, totaling $78 million, according to CoinShares. Digital asset investment products continued to see significant inflows...

Crypto weekly: Grayscale Moves to Convert Its Ethereum Trust to a...

Martin Gordon - October 7, 2023 0

Welcome to our review of the main events from the world of cryptocurrencies. Over the past week, the market has demonstrated significant fluctuations, and...

The top United States agency for consumer financial protection is considering using the Electronic Fund Transfer Act (EFTA) to protect consumers from fraudulent crypto transfers.

US consumer watchdog mulls applying e-banking laws to crypto

Spenser Reed - October 9, 2023 0

The head of the U.S. financial consumer watchdog says it’s looking to issue guidance on how crypto could fall into electronic fund transfer laws. The...

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