Author: e_cash_top
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Poolin Bitcoin mining hash rate share falls by 94% from ATH
[ad_1] China-based Bitcoin mining pool, Poolin, registers a record decline in hash rate share to 1% from its all-time high of 18% – a 94% decline, according to data from Glassnode. Source: Glassnode Poolin contributed 4354 blocks in the Bitcoin mining pool with a hash rate share of 8.182% if we extend the timeline to…
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COTI CEO differentiates Djed as overcollateralized stablecoin
[ad_1] Shahaf Bar-Geffen, the CEO of COTI, said Djed is an overcollateralized stablecoin and not an algorithmic stablecoin. During COTI’s first update of 2023, Bar-Geffen took the opportunity to make clear that the soon-to-be-launched Djed stablecoin is to be referred to as an overcollateralized stablecoin, despite it operating on an algorithmic design. How does Djed…
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Implied volatility shows only sideways movements for Bitcoin
[ad_1] The crypto derivatives market has grown so big in the past few years that it can be used as an indicator of future price movements. Bitcoin options have captured the crypto industry and have quickly turned into mature products whose movements have the power to sway the rest of the market. Just like in…
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Sam Bankman-Fried wants to retain ownership of Robinhood shares worth $450M
[ad_1] FTX founder Sam Bankman-Fried wants to retain control of Robinhood shares worth $450 million on the basis that the bankrupt exchange has no “legal claims” over the assets, according to a Jan. 5 court filing. SBF said he and Gary Wang originally owned the shares. He added that the shares are not owned by…
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BTC second-worst YTD since 2011, expected to remain flat through 2023
[ad_1] Bitcoin (BTC) saw its second-worst year to date (YTD) in 2022 since launch — predicted to remain flat through 2023, according to Arcane Research (AR). Down 65% by the end of 2022, BTC performed worse on only one other occasion — in 2018, down 73% on the YTD. Source: Arcane Research Compared to gold…
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Huobi sees net ouflows of over $60M in 24 hours
[ad_1] Crypto exchange Huobi saw $94.2 million in net outflows over the last seven days –$60 million (63.8%) of the outflows were recorded in the previous 24 hours — according to Nansen data. DeFillama’s data shows that the exchange’s outflow in the last 24 hours had exceeded $70 million as of press time. The data…
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Gopax investors could face $471M loss if Binance acquisition fails
[ad_1] South Korean exchange Gopax needs to repay customers roughly $471 million in deposits locked up in Genesis Trading — which could be lost if Binance acquisition falls through. Binance reportedly completed due diligence for the acquisition of Gopax on Jan. 2, and purchased a stake in Gopax’s largest shareholder, Lee Jun-hang, who owns 41.2%…
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Bitcoin peaks to $16,800 on higher-than-expected US payroll data
[ad_1] The U.S. Bureau of Labor Statistics (BLS) released nonfarm payroll data showing 223,000 jobs were added in December 2022, marking a higher-than-expected increase. U.S. nonfarm payroll was forecast to rise by 200,000 for last month after recording an actual rise of 263,000 in November. As an initial response, Bitcoin recorded a 0.7% swing to…
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Shanghai upgrade to include Ethereum unstaking
[ad_1] Ethereum developers said the upcoming Shanghai upgrade, slated for March, would add functionality to withdraw staked ETH, according to Bloomberg News. The confirmation brings welcome relief for stakers and vested parties, who, following ongoing speculation over indefinite token lock-in, now see the light at the end of the tunnel. Since the Beacon Chain went…
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Solana re-enters top 10 despite slight market sell-off
[ad_1] The cryptocurrency market cap saw net outflows of $6.93 billion over the past 24 hours and currently stands at $812.66 billion — down 0.86% from $819.59 billion. Bitcoin’s market cap decreased 0.59% to $322.33 billion from $323.94 billion, while Ethereum’s market cap fell 0.86% to $152.17 billion from $153.30 billion. In the last 24…