Category: Uncategorized

[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:…

[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…

[ad_1] Out of all the crypto derivative products, perpetual futures have emerged as a preferred instrument for market speculation. Bitcoin traders use the instrument en masse for risk hedging and capturing funding rate premiums. Perpetual futures, or perpetual swaps as they’re sometimes referred to, are futures contracts with no expiration date. Those holding perpetual contracts…

[ad_1] Glassnode data analyzed by CryptoSlate revealed that the total amount of Bitcoin (BTC) that was last active six months ago reached just below 15 million. The chart below represents the total BTC supply that has stagnated for at least six months with the blue area. The data starts from 2010 and shows a steady…

[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…

[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…

[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…

[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…

[ad_1] Bankrupt Bitcoin exchange Mt. Gox has extended the registration deadline for its BTC repayment process from Jan. 10 to March 10. On Oct. 6, 2022, the Japanese-based exchange announced that it has opened a registration portal for all affected creditors to register their payee information and select a repayment method in view of distributing…

[ad_1] Bitcoin bull Anthony Pompliano and author Michael Shellenberger debated the merits of cryptocurrency, with differences in opinion boiling down to contrasting outlooks on the role of government. Shellenberger is a staunch Bitcoin critic Shellenberger likened his Bitcoin stance to Senator Elizabeth Warren’s, who recently proposed harsh legislation “leveling the playing field between crypto and…