Bitcoin traded at $40,300 on Friday afternoon (19th) and is down 18% since ETFs were approved in the US on the 11th. Although Grayscale’s ETF caused outflows of R$10.9 billion (US$2.2 billion), ETFs are not the most villainous in this story. The reason for mentioning this is related to the other nine ETFs on the […]
Tag: Mining companies
Small miners could be ‘swallowed up’ after Bitcoin’s halving
Bitcoin miner smiles next to machines After block 840,000, the block reward will be halved, from the current 6.25 to just 3,125 bitcoins. While this also affects large mining companies, it is likely that smaller companies will suffer more from this impact. Taking advantage of both Bitcoin’s appreciation and the rise in transaction fees, some […]