Bitcoin exchange inflows and outflows continue to be a way to determine what investors are doing with their coins. These usually follow a trend either in a bull or a bear market and deviate when there is a change in the market. This time around, with the market back in another surge, looking at the…
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The company indicated that the device is designed, in part, for energy-efficient blockchain hashing. On Monday, semiconductor manufacturing titan Intel unveiled its new Bitcoin (BTC) mining chip, Blockscale. The application-specific integrated circuit, or ASIC, hardware is designed to operate on proof-of-work blockchains using SHA-256 encryption. As told by Intel, Blockscale will have a hash rate…
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The crypto market performed well over the last week, but two key data points hint at a brief cooling off period. The total crypto market capitalization reached its highest close in three months on April 3 at $2.23 trillion, but the performance between March 28 and April 4 was a mere 1.9% gain. During this…
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BTC and altcoins are dropping to retest lower support levels and bulls have yet to buy into the current dip. Bitcoin (BTC) has been stuck between $45,400 and $47,500 for the past two days, indicating a tough tussle between the buyers and sellers as both attempt to establish control over the trend. Data from on-chain…
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The report by PwC shows that 80% of central banks are considering or have already launched a CBDC. More than 80% of central banks are interested in launching a Central Bank Digital Currency (CBDC) or have already done so according to research conducted by accounting firm PwC. The second annual Global CBDC Index report released…
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The U.K. government has unveiled a detailed plan to make the country a global crypto hub and “a hospitable place for crypto.” The plan includes establishing a dynamic regulatory framework for crypto, regulating stablecoins, and working with the Royal Mint to create a non-fungible token (NFT) to be issued by the Summer. U.K. Wants to…
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Coinbase is focusing on growing the crypto and Web3 ecosystem in India. “Combined with India’s world-class software talent, we believe that crypto and web3 technology can help accelerate India’s economic and financial inclusion goals,” said CEO Brian Armstrong. Coinbase Expanding in India With Web3 and Crypto Push The Nasdaq-listed cryptocurrency exchange Coinbase revealed its plan…
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Since September 18, 2021, close to 250 Casascius physical bitcoins were redeemed over the last 198 days. On that day six months ago, there were 19,920 Casascius physical bitcoins left active and today, there are approximately 19,676 left to peel. 19,676 Casascius Physical Bitcoins Left to Peel During the last six months, approximately 244 Casascius…
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Bitcoin price moved lower below USD 46,200 and even traded below USD 46,000, but the bulls were active above USD 45,500. It is currently (11:45 UTC) consolidating and struggling to gain bullish momentum. The price is unchanged in a day…. Read More: Bitcoin and Ethereum Consolidate, DOGE Rallies on Musk’s Twitter Deal Read more…
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Bears took a hefty swing at BTC price on April 4, but traders say on-chain and technical analysis data point toward a short-lived correction where investors choose to accumulate on each dip. The cryptocurrency market rally that began on April 1 ran into tough resistance on April 4, sparking a market-wide pullback during the afternoon…
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