Following crypto’s infamous Black Thursday on March 12, the amount of bitcoin (BTC) held on exchanges has continued to decrease rapidly, and has now reached levels not seen since June last year. Recent “large” over-the-counter (OTC) deals may have also played a part in the drawdown. The current decrease in the bitcoin balances held on…
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With more prominent investors raising the alarm bells over possible inflation as a result of fiat currency debasement by central banks around the world, gold has soared to its highest level since 2012. With all the fundamentals seemingly in place, the question for the bitcoin (BTC) community is when the digital gold will follow. Both…
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In the first quarter this year, US-based major crypto payments company BitPay processed 10% more volume in USD, compared to the last three months of 2019, while the number of transactions remained unchanged. It includes all cryptoassets the company supports, with bitcoin (BTC) representing the largest part, BitPay’s Chief Marketing Officer (CMO) Bill Zielke told…
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This past week, there was a downside correction in bitcoin price from the USD 10,000 resistance. BTC/USD traded below USD 9,550, but it found support near USD 9,200. Recently, it started a fresh increase and broke many hurdles near USD 9,550 to revisit the USD 10,000 region. Also, many major altcoins gained bullish momentum and…
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The first post-halving Bitcoin (BTC) mining difficulty adjustment is tomorrow, and it’s likely bringing much-needed relief to BTC miners that experienced their third pay cut a week ago. Just six days ago, following the historic third halving of BTC mining reward – lowering the block subsidy from BTC 12.5 to BTC 6.25 per block –…
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JK Rowling. Sourve: a video screenshot, Youtube/The Writer’s Block Library JK Rowling, one of the world’s most famous and outspoken authors has attempted to quell a crypto-themed Twitter tornado of her own making – and says she has learned never to be “flippant” about Bitcoin (BTC) on Twitter again. On Saturday, May 16, the Harry…
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tBTC – Bitcoin (BTC) on Ethereum (ETH) project by venture production studio Thesis – was put to sleep just two days after its launch on the mainnet. tBTC is a project meant to bridge Bitcoin and Ethereum by allowing BTC owners to access decentralized financial applications that run on Ethereum, turning their coins into tBTC…
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In what is likely to be the first such offering in the world, a crypto derivatives exchange has announced the launch of a new futures market that represents hashrate, or the computational power, of the Bitcoin (BTC) network. Announced today by Sam Bankman-Fried, CEO of crypto derivatives exchange FTX, the new product drew mixed reactions…
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While Bitcoin (BTC) fees keep rising, Ethereum (ETH) fees are also getting more expensive. Bitcoin fees have been rising following the third halving. On May 12, the average transaction fee reached USD 2.79, the highest in ten months, jumping further to USD 5.16 on May 14. Bitinfocharts.com shows the 7-day moving average jumping since May…
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Bitcoin price followed a bullish path after it settled above the USD 9,500 resistance. BTC/USD broke a couple of major hurdles near USD 9,800, but it faced an uphill task near the USD 10,000 resistance zone. As a result, there was a downside correction and the price is currently (08:30 UTC) consolidating above USD 9,500.…
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