STX, the cryptocurrency that power’s the Stacks protocol, a layer-2 scaling solution built on top of Bitcoin that aims to bring smart-contract programmability to the Bitcoin ecosystem, is pulling back on Monday after seeing a big pump on Sunday. STX/USD was last changing hands around $0.5750, down around 8% on the day and lower by…
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Ethereum was once again trading above $1,700 to start the weekend, as cryptocurrencies rebounded from Friday’s decline. The global crypto market cap rallied in today’s session, as bulls moved to buy yesterday’s dip. Bitcoin was also back in the green, with prices nearing the $25,000 mark. Bitcoin Bitcoin (BTC) moved toward the $25,000 mark on…
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Explore the economics of cryptocurrency mining and the challenges and opportunities that exist in this rapidly evolving industry. Mining refers to the process of verifying and adding new transactions to a blockchain network, such as in the case of Bitcoin (BTC) or other cryptocurrencies. The economics of mining refers to the economic incentives and costs…
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Earlier this week, eight out of eight key on-chain and technical indicators tracked by crypto analytics firm Glassnode’s “Recovering from a Bitcoin Bear” just signaled that the next Bitcoin bull market might be here. That was the first time that all eight indicators had been flashing a BTC buy signal in unison since March 2016….…
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Another key metric is flashing a Bitcoin buy signal. That’s according to a tweet by popular crypto analyst/influencer Mohit Sorout. According to Sorout, the so-called DCA Indicator, which he called “the mother of all BTC bullish signals” has flashed for only the fourth time ever…. Read More: Bitcoin Bears Beware – Yet Another Key Metric…
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Bitcoin fell below the $25,000 mark on Friday, as markets moved into consolidation, following recent gains. Prices fell by almost $1,700 in the last 24 hours, with the global cryptocurrency market cap down 1.89% as of writing. Ethereum also dropped, after breaking into the $1,700 level on Thursday. Bitcoin Bitcoin (BTC) fell sharply below a…
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Bitcoin funding rates on margin positions jumped to their highest levels in over two weeks in the past two days, according to data from the OKX and dYdX cryptocurrency exchanges and presented by crypto analytics website coinglass.com. Positive funding rates suggest that speculators are bullish and suggest that long traders are paying funding to short…
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Bitcoin short-sellers have taken a battering in the past two days. That’s according to data presented by crypto derivative analytics website coinglass.com, which shows liquidations in short Bitcoin future positions worth around $100 million across major exchanges over the past two sessions, during which time Bitcoin has gained an impressive 8.5%…. Read More: Bitcoin Shorts…
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Bitcoin moved significantly higher on Feb. 16, as the world’s largest cryptocurrency hit its strongest point since last August. Prices neared the $25,000 mark earlier in the day, following a breakout of a key resistance level. Several factors have contributed to the rally including strong U.S. retail sales, and an easing of regulatory concerns. Bitcoin…
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Two residents of the Russian city of Tomsk will be tried for “large-scale robbery” involving the theft of cryptocurrency worth millions of rubles from a local miner. The digital coins were stolen from the owner at gunpoint, authorities said, adding that both criminals are now in custody. Thieves Face Trial in Russia for Armed Robbery…
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