Chinese Bitcoin Miners Turn to Ethiopia for Low-cost Electricity
Ethiopia has been attracting Bitcoin miners from China by offering extremely low electricity costs, establishing itself as the new mining refuge. The most recent report indicates that Chinese Bitcoin miners have been relocating their operations to Ethiopia, an African country, due to the region’s exceptionally inexpensive electricity rates and the local government’s efforts to foster […]
Memeinator Presale Gets 70% Sold, MMTR Token Rises
The Memeinator presale has achieved substantial financial backing, accumulating investments amounting to nearly $4.4 million in total. With 70% of the allocated tokens already sold, the Memeinator presale has accomplished a remarkable milestone. Presently at its 14th phase, the presale has demonstrated substantial advancements, signifying robust investor enthusiasm for the undertaking. Investors encounter restricted prospects for […]
BTC Price Eyes $51,000 In Pre-Halving Rally as Whales Stack
As the BTC price catches up to the S&P 500 rally, the pre-halving rally could commence at any moment, with investors targeting $51,000. Amidst the overall market recovery, Bitcoin (BTC), the largest cryptocurrency in the world, is exhibiting robust performance, increasing by more than 4% and approaching $45,000. Massive whale accumulation has been occurring in Bitcoin […]
Bitcoin ETFs Gained $33 Million, BlackRock Inflow Hits Record Low
BlackRock Bitcoin ETF inflows decelerated to $45.2 million on Tuesday, compared to $33 million in net inflows for spot Bitcoin ETFs. BitMEX Research reports that, as of Tuesday, inflows into most of spot Bitcoin ETFs plummeted due to dwindling liquidity and demand. Grayscale Bitcoin Trust (GBTC) spot Bitcoin ETF outflow has, intriguingly, reached an all-time […]
CoinDCX CEO Expects India Crypto Tax Cut After 2024 Elections
Post-2024 elections, CoinDCX CEO Sumit Gupta foresees a substantial reduction in the country’s cryptocurrency tax rate. Recently, Sumit Gupta , co-founder and chief executive officer of CoinDCX, a notable Indian crypto exchange, expressed optimism regarding crypto tax reform in India. Although the Interim Budget did not provide any immediate relief for high TDS and crypto tax rates, […]