Susan Bertolino
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Mining difficulty passes 50 trillion
For $Bitcoin(BTC.CC$ network fundamentals, the trend is as decisively bullish as at any time this year, with new all-time highs imminent.
Mining difficulty is due to add 2.5% on May 31, taking it over 50 trillion for the first time ever, according to data resource BTC.com.
Add hash rate into the equation — itself circling the highest levels ever recorded — and the picture becomes clear regarding miner conviction and competition.
As noted by analytics firm G...
Mining difficulty is due to add 2.5% on May 31, taking it over 50 trillion for the first time ever, according to data resource BTC.com.
Add hash rate into the equation — itself circling the highest levels ever recorded — and the picture becomes clear regarding miner conviction and competition.
As noted by analytics firm G...
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Susan Bertolino
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Ethereum Burns 3.33 Million Ether Valued at $6.1 Billion in 21 Months
In the past 21 months following Ethereum’s London hard fork, the network has witnessed the destruction of over 3.33 million ether, valued at $6.1 billion. At present, roughly 3.51 ether is burned every single minute.
More Than $6 Billion in Value Destroyed Since EIP-1559
Back on August 5, 2021, a significant event occurred in Ethereum’s history with the implementation of the Ethereum Improvement Proposal (EIP) 1559 as part of ...
More Than $6 Billion in Value Destroyed Since EIP-1559
Back on August 5, 2021, a significant event occurred in Ethereum’s history with the implementation of the Ethereum Improvement Proposal (EIP) 1559 as part of ...
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Susan Bertolino
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Bitcoin Rises Past $28K on Debt Ceiling Deal
Crypto and Asian stock markets opened strongly as the White House announced a deal averting a debt ceiling crisis, with Bitcoin and Ether seeing increases of 5% and 4.9%, respectively.
China didn't say much new about Web3 in a paper it released over the weekend, but the report represented progress in a country that has scaled back its approach to cryptocurrencies.
$Bitcoin(BTC.CC$$Ethereum(ETH.CC$$Dogecoin(DOGE.CC$$Nasdaq Composite Index(.IXIC.US$$Coinbase(COIN.US$
China didn't say much new about Web3 in a paper it released over the weekend, but the report represented progress in a country that has scaled back its approach to cryptocurrencies.
$Bitcoin(BTC.CC$$Ethereum(ETH.CC$$Dogecoin(DOGE.CC$$Nasdaq Composite Index(.IXIC.US$$Coinbase(COIN.US$
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Susan Bertolino
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Bitcoin, Ether Prices Stuck in 'Wind Tunnel'
Quiet market translates to less bullish energy
Crypto markets were quiet, and prices for both $Bitcoin(BTC.CC$ and $Ethereum(ETH.CC$ were trading below their 20-day moving average.
As CoinDesk markets analyst Glenn Williams Jr. wrote, trading volumes will be key to watch, since they could amplify or mute the sentiment behind any directional move.
According to Jeff Dorman, chief investment officer at the digital-asset manager Arca, so-called bid/as...
Crypto markets were quiet, and prices for both $Bitcoin(BTC.CC$ and $Ethereum(ETH.CC$ were trading below their 20-day moving average.
As CoinDesk markets analyst Glenn Williams Jr. wrote, trading volumes will be key to watch, since they could amplify or mute the sentiment behind any directional move.
According to Jeff Dorman, chief investment officer at the digital-asset manager Arca, so-called bid/as...
3
Coinbase and Bitpanda reveal EU partnership
Bitpanda and Coinbase will work together
The partnership will allow Coinbase to offer institutional trading services outside of the United States. It will also see Bitpanda add Coinbase as a liquidity provider.
The announcement notes that Bitpanda offers KYC-as-a-service. This will allow institutional clients to go to market faster by integrating BitPanda’s existing services and existing regulatory licenses instead of seeking out new approvals.
Guillaum...
The partnership will allow Coinbase to offer institutional trading services outside of the United States. It will also see Bitpanda add Coinbase as a liquidity provider.
The announcement notes that Bitpanda offers KYC-as-a-service. This will allow institutional clients to go to market faster by integrating BitPanda’s existing services and existing regulatory licenses instead of seeking out new approvals.
Guillaum...
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Bitcoin climbs back above $27,000 after Hong Kong greenlights some retail crypto trading
Cryptocurrency prices moved higher on Tuesday after Hong Kong’s securities regulator announced it will allow retail trading of certain crypto assets starting June 1.
Late Monday night, Hong Kong’s Securities and Futures Commission said it would allow retail investors to trade certain crypto assets beginning next month on registered trading platforms. The move was widely expected, with the announcement marking...
Late Monday night, Hong Kong’s Securities and Futures Commission said it would allow retail investors to trade certain crypto assets beginning next month on registered trading platforms. The move was widely expected, with the announcement marking...
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Susan Bertolino
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Biden says he won’t agree to debt deal that protects crypto traders
Biden’s comments come after lawmakers failed to agree to a debt-ceiling deal on Friday, with the next week likely to be make or break. But even as the US comes dangerously close to a default, Biden is warning that he is not going to accept proposals that protect crypto traders.
He told reporters:
“I’m not going to agree to a deal that protects wealth tax cheats and crypto traders while putting food assistance at risk for...
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BREAKING: Largest Crypto Exchange Binance Allegedly Commingled Customer Funds & Company Revenue
Are you a believer in Web 3 or are you turned off by all the scams and the collapse in prices?
Binance, the world’s largest crypto exchange and many times larger than FTX before its collapse, allegedly mixed customer funds with company revenue, violating U.S. financial regulations, according to sources who spoke to Reuters.
Commingling occurred frequently at Silvergate Bank, with $20 million from a co...
Binance, the world’s largest crypto exchange and many times larger than FTX before its collapse, allegedly mixed customer funds with company revenue, violating U.S. financial regulations, according to sources who spoke to Reuters.
Commingling occurred frequently at Silvergate Bank, with $20 million from a co...
3
Susan Bertolino
liked
Supply of BTC and ETH on Exchanges Hits Historic Lows
The crypto market started 2023 off with a bang, with its collective market cap climbing from $794,812,541,836 at the start of the year to a high of $1,282,636,649,161 on 14 April, according to CoinMarketCap. In the month that followed, this total has been in a steady decline. However, a recent tweet by Santiment shows signs of hope for the crypto market.
In their latest post, Santiment revealed that the supply of $Bitcoin(BTC.CC$ and $Ethereum(ETH.CC$ on exchan...
In their latest post, Santiment revealed that the supply of $Bitcoin(BTC.CC$ and $Ethereum(ETH.CC$ on exchan...
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Susan Bertolino
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Tether buys bitcoin with a portion of its net profit to back USDT stablecoin
$Tether(USDT.CC$ Tether said it would invest 15% of its net profit into $Bitcoin(BTC.CC$ to "diversify" the reserves that back its USDT token, which aims to stick to a 1-to-1 peg to the U.S. dollar.
That would amount to roughly $222 million, based on the company's last attestation report, which said the company generate $1.48 billion of net profit.
USDT is the largest stablecoin in the market, with a circulating s...
That would amount to roughly $222 million, based on the company's last attestation report, which said the company generate $1.48 billion of net profit.
USDT is the largest stablecoin in the market, with a circulating s...
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