On-chain data shows that while miners are selling less BTC, old investors are realizing profits. On-chain analytics provider, Glassnode, has published data revealing that Bitcoin miners are accumulating while long-term investors are taking profits. Despite January seeing heavy selling from miners, Glassnode’s report shows that miner outflows have dried up during February so far. Chart…
Read more
Selling and frantic trading continue while exchanges see more BTC enter than leave. Bitcoin (BTC) fell towards $30,000 on Jan. 26 after higher levels evaporated and fresh miner outflows appeared to suppress price action. BTC price rally turns sour Data from Cointelegraph Markets and Tradingview showed the largest cryptocurrency abruptly U-turn as it neared $35,000 in…
Read more
The Bitcoin price has doubled since the halving in May, with Chainalysis attributing much of the bullish price action to the insatiable appetite of institutional investors. The price of BTC has more than doubled since the Bitcoin’s third block reward halving in May. Or to be precise, BTC has gained 110% since the halving, with…
Read more
Miner Extractable Value is no longer just a theoretical concept. Some Ether (ETH) miners appear to be re-engineering blocks to take advantage of DeFi opportunities in an instance of what is termed “miner extractable value,” or MEV. Miner extractable value was long anticipated by researchers as a potential exploit pattern for DeFi that leverages the…
Read more
Despite suffering its second 51% in a week, and major exchanges disabling deposit, withdrawal, and some trading services, Ethereum Classic is up 2% over yesterday. After suffering two major blockchain reorganizations over the past week, Ethereum Classic (ETC) has seen its hash rate plummet — exacerbating the risk of further 51% attacks targeting the network.…
Read more
A giant 14.95% advance makes analysts confident as miners appear to balance increased costs to retain profitability. The Bitcoin (BTC) mining difficulty has seen its biggest upward move for over two years after warnings over BTC price selling pressure. According to data from on-chain monitoring resource BTC.com on June 17, the latest difficulty adjustment saw…
Read more
Bitcoin’s mining difficulty is set to adjust by 10% within 3 days, meaning operational costs for miners could spike. Bitcoin’s mining difficulty is set for a minimum increase of 10% in the 3 days, according to data from BTC.com. That means the cost to mine Bitcoin(BTC) will increase significantly in a short period of time. …
Read more
In the wake of the recent pandemic, here’s how many different blockchain projects are stepping up to donate resources in the hopes of finding a vaccine. As the world is still reeling from the effects of the coronavirus pandemic, people everywhere are doing what they can to support the effort to find vaccines and treatments.…
Read more
Judge rules against entities who sued a utility district for introducing new electricity pricing targeting crypto miners in 2018. A Washington court has ruled against one individual and five companies that sued the Grant County Public Utility District No.2 for suddenly creating a new electricity pricing schedule for power consumed by “emerging industries” in December…
Read more
