Author: e_cash_top
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Shorters get spanked as Bitcoin 2023 revival unfolds
[ad_1] Bitcoin short liquidations continue to pile up as BTC moves higher. Coinglass showed that $53.24 million in shorts were liquidated since the turn of the year. By contrast, $11.98 million in longs were liquidated over the same period. The four-hour chart showed the divergence between shorts and longs taking effect predominately on Jan. 8…
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Bitcoin in 2023: A Bitcoin market analysis, developer hacks & wallet security – BitTalk #3
[ad_1] In the latest episode of the “Bittalk” podcast, hosts Akiba and Nicholas Gregory discuss the state of the bitcoin market in 2023. The episode begins with Akiba asking Nicholas for his thoughts on the future of bitcoin this year. Nicholas starts by discussing a recent event involving bitcoin developer Luke Dashjr, whose PGP key…
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Liquid staking tokens surge 40% in seven days, Lido rises highest
[ad_1] Liquid staking derivatives tokens have increased by an average of over 40% in the last seven days, with Lido (LDO) rising the highest by over 64%, according to CryptoSlate’s data. Liquid staking platforms have enjoyed renewed interest following recent revelations that staked Ethereum could be unlocked as early as March when the network undergoes…
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Bitcoin’s energy efficiency will increase with adoption – proponent says
[ad_1] Popular BTC proponent Lyn Alden took to Twitter to explain how the Bitcoin (BTC) network will become more efficient with increasing adoption. Alden shared data sourced from Glassnode to indicate that BTC mining revenue grows more slowly than BTC market cap and transaction volume. BTC mining revenue as a percentage of market cap (Source:…
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Hong Kong set to enforce crypto regulation from June
[ad_1] Hong Kong’s Financial Secretary Paul Chan said that the government has completed its crypto regulation framework, which will come into effect in June 2023. Speaking at the POW’ER Web3 Summit on Jan. 9, Chan said that the legislative framework needed to issue licenses to virtual asset providers has been finalized. “We have recently completed…
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HIVE produced 213.8 BTC in December 2022
[ad_1] HIVE Blockchain produced 213.8 Bitcoin (BTC), earned $3.15 million in addition to the produced BTC, and installed 1,423 of its BuzzMiner BTC miners in December 2022, according to the company’s update. HIVE’s Executive Chairman, Frank Holmes, commented on the company’s production in December and said: “We are very happy to be producing over 213…
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Monster gains for Gala and Zilliqa overshadow large caps
[ad_1] The cryptocurrency market cap saw net inflows of $40.15 billion since the last wMarket report on Jan. 6 and currently stands at $852.81 billion — up 4.9% from $812.66 billion. Bitcoin’s market cap increased 3% to $332.25 billion from $322.33 billion on Jan. 6, while Ethereum’s market cap grew 6.1% to $161.43 billion from…
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Bears in disbelief as Gala defies crypto winter, jumping 60%
[ad_1] The recent price performance of Gala took the crypto community by surprise. At press time, the GALA token posted 60% gains over the last 24 hours to trade at $0.03691 — a nine-week high. Similarly, Zilliqa recorded 47% gains over the same period, while large caps Solana and Cardano were up 19% and 17%,…
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Bitcoin hash rate surges 17% to touch ATH before falling back
[ad_1] Bitcoin’s (BTC) hash rate surged 17% to an all-time high of 361.28EH/s on Jan. 6 from around 233 EH/s recorded on the same day — the second biggest one-day increase in the past year. It has since retraced to 269.56 EH/s, as of press time. Source: Glassnode Over the past week, data shows that Foundry…
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Nearly 65% of USDC reserves are held as US Treasury Bills
[ad_1] According to Circle’s most recent reserve report, around 65% of all USD Coin (USDC) reserves are held as US treasury bills. Circle held $43.4 billion in USDC reserves to back 43.23 billion USDC in circulation as of Nov. 30, 2022. Of these reserves, $12.79 billion lay in the Circle Reserve Fund, a registered government…