Bitcoin (BTC) and the rest of the crypto market have been in a bear market for almost a year. The top cryptocurrency has seen its market valuation plummet by more than $900 billion in the said period, with macro fundamentals suggesting more pain ahead. Another bear cycle produces more BTC hodlers But the duration of …
Continue reading “Bitcoin price bottom takes shape as ‘old coins’ hit a record 78% of supply”
MetaMask users will now have the ability to track the value of their nonfungible token (NFT) portfolio through its latest product. The wallet provider announced a new feature on Nov. 2, which will bring updated pricing information for the over 5,000 NFT collections held by MetaMask users. The new utility comes as a result of …
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A simple but elegant Bitcoin (BTC) price metric has returned to lows from before the 2017 bull market. As noted by its creator, Charles Edwards, CEO of asset manager Capriole, the Bitcoin Yardstick is now at its second lowest level in history. Yardstick prints second-lowest reading ever As on-chain metrics converge to put in a …
Continue reading “New Bitcoin Yardstick metric says $20K BTC now ‘extraordinarily cheap’”
Glassnode released a report detailing Bitcoin’s performance during the bear market and the potential for a break out from current levels. The report highlights that Bitcoin is performing similarly to how it did in other bear markets and may need more time to respond and move. The profitability of long-term holders is also at 60%, …
Continue reading “Bitcoin Could Have Found Its Bottom At $20,000 Level: Glassnode Report”
Summary: Crypto exchange Deribit was attacked and the hacker made off with $28 million in digital assets. The trading platform said the exploiter targeted one of its hot wallets. Security startup Supremacy said roughly $14 million in Bitcoin and Ether was stolen from the hot wallet. Deribit paused withdrawals temporarily but noted that user funds …
Continue reading “Deribit Hot Wallet Hacked For $28 Million In Bitcoin And Ether”
Over the last 24 hours, the cryptocurrency market cap saw net outflows of $21.1 billion to $1,004.8 billion from $1,025.9 billion as of press time — down 2%. During the reporting period, Bitcoin’s market cap fell 0.9% to $392.3 billion from $395.7 billion. Meanwhile, Ethereum’s market cap decreased by 2.6% to $189.8 billion from $194.9 …
The EU’s Markets in Crypto Assets (MiCA) bill could significantly impact crypto influencers as some clauses hint at strict regulation. Circle’s EU strategy and policy director, Patrick Hansen, pointed this out, saying that commenting on a digital asset and profiting from it without disclosure could be termed market manipulation. Crypto influencers beware: Commenting on crypto …
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Galaxy Digital plans to cut 20% of its staff, while BitMex is eyeing layoff of around 30%. Meanwhile, DCG laid off 10% of its 100 staff. 2 min read Updated: November 2, 2022 at 10:28 am Cover art/illustration via CryptoSlate Crypto companies Galaxy Digital, BitMex, and Digital Currency Group (DCG) announced staff cuts to deal …
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Euro Stasis chose XRPL because of its scalability, speed and cheap transaction costs. 2 min read Updated: November 2, 2022 at 9:03 am Cover art/illustration via CryptoSlate Ripple XRP Ledger (XRPL) will now support non-fungible tokens (NFTs) after the community passed the XLS-20 proposal on Oct. 31. With the new development, developers can create unique …
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Crypto derivatives exchange Deribit was compromised leading to the loss of BTC, ETH, and USDC. 1 min read Updated: November 2, 2022 at 8:07 am Cover art/illustration via CryptoSlate Crypto derivatives platform Deribit was hacked for $28 million late evening (UTC) on Nov. 1. The incident was confirmed via its official Twitter account several hours …
Continue reading “Hackers attack Deribit hot wallets, steal $28M in crypto”
A new report by Messari on the state of the Polygon network revealed an increase of new addresses QoQ of 180%. Active addresses also hit an all-time high of 6 million, while total transactions surpassed 2 billion during Q3. Other critical metrics for Polygon are shown in the table below. Messari’s data shows that the …
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According to the World Gold Council’s (WGC) latest quarterly report, worldwide gold demand, excluding over-the-counter (OTC) markets, was 28% higher year-over-year. While demand jumped higher than last year in the third quarter, central bank gold buying tapped an all-time quarterly record in Q3 2022. The quarterly report indicates that the world’s central banks purchased close …
sponsored VICUNA is designed to develop cutting-edge technology and applications that push users beyond the limits of immersive experiences. VICUNA team believes in building products that improve customers’ lives and advance the state of VR as an industry with a strong focus on innovation and Artificial Intelligence(AI)—backed by the UAE’s leading investors, including Smart Desert …
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A growing number of economists have warned about a severe recession in the U.S. if the Federal Reserve keeps up its fight against inflation. “Each adverse development in the outside world implies the Fed is going to have to do more in order to bring the situation under control,” said one economist. Economists Warn of …
According to Yi Gang, governor of China’s central bank, the process of designing the country’s digital currency is premised on two principles, the protection of user privacy as well as ensuring “financial security.” To achieve this, the central bank’s role will be limited to managing the digital currency’s “operating system” while the handling of personal …
