In mid-April, news.Bitcoin.com reported on a great number of BTC withdrawn from cryptocurrency trading platforms and after the third BTC halving, the trend has picked up once again. Data from Glassnode’s Bitcoin Exchange Net-Flow statistics show that close to 24,000 BTC has been withdrawn since May 11. Additionally, statistics from Bituniverse’s exchange reserve data indicate...Read More
Around the Block #6: Bitcoin’s dominance alongside Coinbase customer behavior, the coming DEX revolution, and other recent crypto news Coinbase Around the Block, sheds light on key issues in the crypto space. In this edition, Justin Mart analyzes Bitcoin’s continued dominance alongside Coinbase customer behavior, the coming DEX Revolution, as well as other notable news in...Read More
Bitcoin’s halving is behind us, and its price is nothing but soaring. Moreover, BTC is surging while legacy markets continue their downturn, strengthening the narrative that the cryptocurrency keeps on decoupling. Bitcoin Price Soars 9% in Less Than Three Days Bitcoin’s halving took place a little more than 48 hours ago. At the time, BTC...Read More
Americans could be getting their second stimulus checks as a new coronavirus relief bill has been introduced. It includes more direct payments of up to $6,000 per household. The new bill is expected to cost more than $3 trillion, making it the biggest emergency relief package in U.S. history. $3 Trillion Coronavirus Relief Bill U.S....Read More
Ethereum continued to trade in a range between $190 and $200. Against Bitcoin, the price may dip lower if the 0.021 BTC support fails to provide a rebound. The trend remains in a downward range on the 4-hours chart. ETH/USD: Ethereum Pushes Toward $200 Key Resistance Levels: $200, $215, $226 Key Support Levels: $175, $166,...Read More
Matic saw a 7.5% price surge over the past 24 hours and 22% in the past two days. The cryptocurrency rebounded from a rising trend line over the weekend and pushed higher. Against Bitcoin, Matic is facing resistance at the 200-days EMA at around 195 SAT. Key Support & Resistance Levels MATIC/USD: Support: $0.016, $0.014,...Read More
On May 11, 2020, the Bitcoin network completed it’s third block reward halving and the network seems to be chugging along just fine. However, it may take a while longer to see the halving’s effect on the mining industry and right now bitcoin transaction fees have risen exponentially. Despite the rising fees, the research firm...Read More
Many people were excited when Telegram announced its TON blockchain venture. Two and a half years later, the venture has been officially cancelled, allegedly due to pressure from US regulators. It was seemingly a matter of time until Telegram’s blockchain would be scrapped. No TON Blockchain After All Initial delays in delivering on the blockchain...Read More
The Ethereum blockchain is suffering a period of heavy congestion, partly caused by what appears to be a Ponzi scheme. Thousands of transactions are being pinged all across the network—all leading to a single address, which now holds $5.3 million worth of Paxos Standard (PAX) tokens. That address belongs to the operators of MMM Global...Read More
Whether one likes or dislikes privacy currencies, they seem to find their niche in many different ways. For Monero, a new all-time high in daily transactions was recorded last week, further confirming the potential of this project. There are many reasons as to why privacy-oriented crypto assets really matter. Ongoing Transaction Growth for Monero They...Read More
On Monday, Hut 8 Mining reported that first-quarter revenue rose 5% to $9 million from $8.59 million a year ago after the amount of bitcoin (BTC) extracted plunged sharply. Quarter-on-quarter, revenue fell 14%. For the three months to March 31, 2020, the Canadian bitcoin firm said it mined 1,116 BTC, down 54% from the 2,405...Read More
