Bitcoin has had an eventful few weeks in terms of price action. The world’s largest crypto is currently at a 19% increase in the past seven days and a 43% increase in the past 30 days, its highest percentage gain in over a year. As a result, a huge number of BTC addresses have been …
Continue reading “Bitcoin Profitability Reaches 97% For The First Time In Over 2 Years”
Exchange data has revealed continued bullish sentiment from Ethereum traders. According to IntoTheBlock, $906 million worth of Ethereum was withdrawn from crypto exchanges last week, indicating a holding mentality among investors. This massive exodus of ETH from exchanges could indicate that traders are anticipating higher prices and moving their holdings into private wallets for long-term …
Continue reading “$906 Million Worth Of Ethereum Leave Exchanges Last Week – ETH To $4,000?”
The world of meme coins, the often-controversial corner of the cryptocurrency market, is experiencing a surge in early March 2024. Led by the unexpected rise of Dogwifhat (WIF), several meme coins have seen their market capitalization explode, attracting significant investor interest. Source: Coingecko Dogwifhat: Meteoric Ascent Dogwifhat, a dog-themed meme coin launched on the Solana …
Continue reading “Solana Meme Coin Dogwifhat (WIF) Hits New ATH, Market Cap Breaks $1.6 Billion”
Balaji Srinivasan, venture capitalist and former CTO of Coinbase, has highlighted the real purpose of Bitcoin and its implications for geopolitical and financial issues. Srinivasan stated that Bitcoin at its core is a “political revolution,” because it challenges the centralized states’ business model, and the change brought by it will be fought by states who …
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The stablecoin sector experienced a $3.26 billion expansion within the last eight days, climbing from $140.82 billion to $144.08 billion by Sunday, March 3, 2024. During February, increases in supply were observed in four of the top five stablecoins by market cap, with FDUSD’s supply growth leading amongst the five. Stablecoin Economy Rises 2.31% in …
Nearly two decades before the Bitcoin network revolutionized the digital world, Nobel Laureate Milton Friedman foresaw the emergence of digital currencies. His prediction of an electronic currency facilitating anonymous transactions has become a cornerstone in understanding the evolution of digital finance. Ahead of His Time: How Milton Friedman Envisioned Bitcoin Before the conceptualization of Satoshi …
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A former IMF official believes the U.S. Federal Reserve has pushed America to the brink of another banking crisis. Desmond Lachman, who was deputy director in the International Monetary Fund’s (IMF) Policy Development and Review Department, says in a new blog post for public policy think tank The American Enterprise Institute (AEI) that Fed Chair …
Crypto analyst Jamie Coutts says Uniswap’s (UNI) recent proposal to alter its fee structure could be a pivotal moment for digital assets. Uniswap recently put forth a proposal that would reward traders who have staked and delegated UNI with portions of the protocol’s revenue. With Uniswap’s revenue on par with some stock markets in traditional …
Financial losses from crypto thefts significantly increased last month, according to blockchain security firm PeckShield. In a new post on the social media platform X, PeckShield says hackers stole around $360.83 million worth of crypto assets in February, up from just $182.54 million in January. Crypto gaming platform PlayDapp (PLA) accounts for the lion’s share …
A Wells Fargo branch manager has stolen over $1 million from customers via unauthorized cash withdrawals, money transfers and cashier’s checks, according to a statement from the U.S. Attorney’s Office in the Western District of Washington. Prosecutors say Brian Davie targeted eight different victims, one of them being a woman who lost over $566,000 from her …
The U.S. Department of Energy (DOE) is agreeing to stop gathering data about the energy usage rates of crypto mining firms. In a new court filing, the Energy Information Administration (EIA), which tracks statistics for the DOE, says it will not only halt gathering the data, it will destroy all information it has already collected …
The crypto market has entered March with its foot firmly on the accelerator despite showing signs of a slight slowdown from its recent rapid ascent. Bitcoin (BTC) has continued to hover around the $62,000 mark, showcasing a resilient stance amid varying market sentiments after its remarkable rally past the $60,000 threshold to a high of …
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Binance is in hot water in Nigeria in the aftermath of its settlement with the U.S. Department of Justice (DOJ). Nigeria’s House of Representatives Committee on Financial Crimes issued an ultimatum to Binance CEO Richard Teng on Friday, according to a local news report. Ginger Onwusibe, the chairman of the committee, has asked Teng to …
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What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you don’t …
Continue reading “Why has Bitcoin reached its ATH against major currencies but not USD?”
In an era where bitcoin’s value fluctuates wildly, a price model has emerged, offering a mathematical glimpse into its future price. The “Bitcoin Power Law,” suggests an interesting path for bitcoin’s price, rooted in the principles of algebra and natural laws. The model, representing a blend of science and finance, forecasts bitcoin’s journey to unprecedented …
