Category: Uncategorized

[ad_1] On-chain data from Glassnode, analyzed by CryptoSlate, shows in the event of bad news, Bitcoiners act with bullish conviction 75% of the time. Furthermore, the analysis of the exchange inflow/outflow chart from Glassnode revealed that even during bearish events, Bitcoiners retain confidence regarding exchange trading. Inflows and outflows usually mirror one another. The chart…

[ad_1] Wrapped Bitcoin is the leading form of Bitcoin “wrapped” in a smart contract on the Ethereum network. This allows it to be used in Ethereum-based decentralized finance (DeFi) applications. WBTC is backed 1:1 to the value of Bitcoin, so one WBTC is theoretically equivalent to one BTC. BitGo is the main WBTC issuer, meaning…

[ad_1] There is data to suggest that the customer funds sent to Genesis Block were processed and received by Alameda, according to emerging reports from Mike Burgersburg of Dirty Bubble Media. Burgersburg recently provided critical insights into the space, such as the flawed tokenomics of FTX’s FTT token ahead of CZ’s decision to sell its…

[ad_1] The Artificial Intelligence (AI) cryptocurrency sector grew 12.3% over the last 24 hours, making it the second biggest gaining sector after cannabis. Notable top 10 AI cryptocurrency performers were Cortex, which develops machine learning models on blockchain, up 93.7%, and Fetch, which leverages AI and automation for dApp and peer-to-peer applications, gaining 33.7%. Source:…

[ad_1] The Bureau of Labor Statistics has released Producer Price Index (PPI) data for November showing a month-over-month increase of 0.3%. Expectations were for a 0.2% increase, giving a worse-than-expected result and further signs inflation is not under control. PPI shows the average change over time in the selling prices received by domestic producers for…

[ad_1] Mining companies have been releasing their November production rates throughout the week. CryptoSlate analysts brought the numbers together and revealed that Hut8, Riot, and Marathon are the only ones who increased their BTC holdings in November. The chart above includes the top nine BTC miners’ monthly reserves starting from January 2022. The numbers show…

[ad_1] Ethereum (ETH) developers will prioritize the withdrawal of staked ETH in the Shanghai upgrade scheduled to hold as early as March 2023. .@TimBeiko‘s summary in Eth R&D Discord of #AllCoreDevs call pic.twitter.com/RU4I2zdXKd — abcoathup.eth 🦇🔊🦆🌱 (@abcoathup) December 9, 2022 A Twitter thread from Tim Beiko revealed that the developers discussed the scope of the…

[ad_1] Leading crypto exchange Huobi Global in its 2022-2023 annual report, has predicted that the current bear cycle may soon be over, as it expects the crypto market to reach its bottom in early 2023. On Jan. 1, 2022, the global crypto market had a total market capitalization of approximately $2.2 trillion. However, the heat…

[ad_1] Looking at Bitcoin and Ethereum derivatives shows that they have been affected by the FTX fallout, with data analyzed by CryptoSlate showing that over 160,000 BTC has been unwound since the beginning of October. This data indicates that roughly $3 billion worth of futures contracts have been closed out in two months. Cryptocurrency derivatives are…

[ad_1] The Republic of El Salvador has announced that it has completed the second repurchase of its sovereign bonds maturing in 2023 and 2025. According to a press release shared by President Nayib Bukele, the country purchased $74 million worth of government bonds on Dec. 8. In September, the government bought back around $565 million…