Bitcoin spot reserves continue the recent trend of decline as values now stand at the lowest since October 2017. This shows the supply shock is tightening its grip. Bitcoin Supply Shock Narrative Grows Further As Spot Reserves Decline To October 2017 Levels As pointed out by a CryptoQuant post, BTC spot reserves have dropped down …
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Bitcoin remains range bound in lower timeframes trading at $54,277. The first cryptocurrency by market cap records almost no gains in the daily chart, but a massive 23.9% in the 7-day chart. BTC moving sideways in the daily chart. Source: BTCUSD Tradingview The general sentiment in the market has flipped bullish, as investors seem to …
Continue reading “Bitcoin Back To $64K?, Why This Time The Bulls Have The Winning Edge”
Despite the Ethereum burn introduced with the London hard fork, miners are still making a good amount of revenue from mining. For ETH, the balance held by miners had been dropping since 2016. This was mostly a combination of poor market conditions and miners selling their holdings to fund their mining activities. With low prices, …
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Blockchain has been one of the greatest advancements we’ve witnessed in the past few decades and maybe even in history. Bitcoin creator Satoshi Nakamoto created it with a view to upend traditional financial institutions and remove the middleman from the majority of transactions. Based on a trustless system where ‘miners’ authenticate transactions through a consensus …
As September ended, the cryptocurrency markets recovered from the so-called “September curse” handsomely to hit a market capitalization of $2.32 trillion. The decentralized finance (DeFi) market has been an integral part of this growth. The total value locked (TVL) in DeFi protocols grew more than 20%, from $113.5 billion on Sept. 28 to hit $137 …
Continue reading “DeFi picks up the pace as alternate blockchains and NFTs boom”
A popular crypto strategist and trader says six mid-to-large cap altcoins will likely shine brighter than Bitcoin (BTC) in the coming months. The pseudonymous crypto analyst known in the industry as Capo tells his 173,000 Twitter followers that he expects big moves from the smart contract platform Cardano (ADA). ADVERTISEMENT ADA is currently trading …
Cryptocurrency analyst Michaël van de Poppe is saying that Bitcoin (BTC) is set to hit a six-figure price in the current bullish cycle. The crypto analyst notes that after Bitcoin broke above the $55,000 price for the first time since May, the flagship crypto asset’s current support is around the $49,800 to $51,000 level. ADVERTISEMENT …
Over the past few months, there have been some major developments coming out of China that have rocked the cryptocurrency market and the global financial markets. China’s Evergrande debt repayment crisis sent shockwaves throughout global equities markets, as well as the United States Securities and Exchange Commission’s (SEC’s) consistent signaling of upcoming regulation for stablecoins …
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Leading cryptocurrency exchange Binance is looking at a potential place to maintain a physical headquarters as it transitions away from a decentralized structure. After months of scrutiny from global regulators regarding Binance’s operations, corporate registry documents now reveal that the company has registered three different firms in Ireland. ADVERTISEMENT In July, CEO Changpeng Zhao …
MoneyGram is officially moving on from Ripple. This week, the payments giant announced a new partnership with the Stellar Development Foundation to use the Stellar blockchain, a Ripple Labs competitor, to facilitate cross-border payments. ADVERTISEMENT MoneyGram’s payments on the Stellar blockchain will utilize the world’s second-largest stablecoin, Circle’s USD Coin (USDC). USDC will allow …
Movie theater chain AMC says consumers can now purchase gift cards in crypto and use them at their venues. AMC chief executive officer Adam Aron tells his 187,000 Twitter followers that moviegoers can now load up gift cards with $200 worth of Dogecoin (DOGE) and other cryptocurrencies per day to use online and in physical …
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Moonstake is now an official ‘super partner’ of TRON Network. Users can stake TRX to earn staking rewards on Moonstake web wallet and mobile wallet. Hold, send, receive and stake TRX to receive rewards with the best user experience through one single click. TRON became the 13th available staking coin on Moonstake. Moonstake started its …
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Dfinity founder Dominic Williams believes content creation platforms like OnlyFans are ripe for disruption now that decentralized technologies have become mainstream. He’s inviting developers to build a blockchain-driven content platform on Internet Computer (ICP) — a powerful general-purpose blockchain launched by Dfiniity Foundation earlier this year. In an interview with Cointelegraph, Williams discussed recent attempts …
Bitcoin’s (BTC) rally above $50,000 seems to have received a boost from institutional buyers who are looking to hedge their portfolio against increasing inflation, said JPMorgan in a note to its clients on Oct. 7. The bank’s analysts speculated that institutional investors may be preferring Bitcoin over gold as a better hedge against inflation. A …
Continue reading “Price analysis 10/8: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LUNA, UNI”
A subsidiary of the blockchain software provider Powerbridge Technologies, Powercrypto Holdings, has announced the launch of a sustainable cryptocurrency mining initiative for Bitcoin (BTC) and Ether (ETH) in Hong Kong. The company plans to deploy a total of 2,600 first-grade mining rigs, comprising of 600 BTC mining machines operating at a hash rate of 60 …
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