Dimon Faces Backlash Over Bitcoin ETF Role Despite Anti-Crypto Views
Crypto advocates called out perceived hypocrisy in Jamie Dimon helping enable a Bitcoin ETF via JPMorgan after claiming the asset mainly facilitates crime before Congress.
Crypto advocates called out perceived hypocrisy in Jamie Dimon helping enable a Bitcoin ETF via JPMorgan after claiming the asset mainly facilitates crime before Congress.
Bitcoin’s hash rate hits an all-time high, fueling speculation of a $400,000 price, but miners face profitability challenges amid a fading inscription trend.
Bitcoin evangelist Tuur Demeester’s labeling of altcoins as “zombiecoins” sparks controversy, drawing attention to the struggling altcoin Litecoin and raising doubts about its future.
After almost a decade of waiting, Mt. Gox creditors are now receiving repayments for their lost Bitcoin, bringing hope to those who suffered significant losses in the exchange’s collapse.
Data shows Bitcoin miners collected roughly $2 million per day on average in 2023 from transaction fees, representing a 400% increase over last year and $10+ billion total.
Solana has surged to become the 5th largest cryptocurrency by market cap. Analysts say Solana and altcoins could continue rallying if Bitcoin builds support above $44,200.
San Francisco’s Bitcoin Startup Lab has introduced the LABB token, a BRC-20 community token designed to support Bitcoin entrepreneurs. The total supply is capped at 21 million like Bitcoin.
Montenegro has begun consultations on utilizing its ample hydroelectric capacity for Bitcoin mining and potentially launching Bitcoin hydro bonds.
The SEC held another meeting with BlackRock to discuss the proposed iShares Bitcoin ETF on December 14th, fueling further speculation of imminent approval.
Bitcoin fell as much as 7.5% to $40,521, sparking a broader crypto market selloff that saw tokens like Ether, XRP, and Cardano also decline. Over $299 million in liquidations fueled the drop.