Category: Uncategorized

[ad_1] The  Adjusted Spent Output Profit Ratio (aSOPR), a metric that indicates whether holders are selling at a profit or loss, recorded a downward trajectory below the 1-level, which suggests investors are selling their positions at massive losses.  According to CryptoSlate analysis, the aSOPR provided by Glassnode usually signals the transition to a bull market…

[ad_1] According to the on-chain data and analytics provider, CryptoQuant, the Coinbase Premium Index has turned green for the first time since the fallout of the FTX collapse. As an indicator that shows a sign of “whale accumulation,” Coinbase Premium is the price difference between Coinbase’s BTC/USD pair and Binance’s BTC/USDT pair. “For example. when…

[ad_1] The biggest news in the crypto-verse for Dec. 2 includes Bitcoin’s negative 1.4% reaction to the U.S. payroll data, FTX Japan’s efforts to bring liquidity back, and Binance’s $3 million freezing as a precaution after the Ankr protocol got exploited. CryptoSlate Top Stories Bitcoin drops 1.4% on better-than-expected U.S. payroll data The U.S. Bureau…

[ad_1] Crypto exchanges can earn revenue through various means, including lending to margin traders, liquidation fees, and on/off ramping charges. However, the core revenue generator remains taking a fee on transactions. There are multiple types of transactions and, therefore, many types of transaction fees. When comparing different transaction fees on the Bitcoin and Ethereum chains,…

[ad_1] Miners are still facing the worst of the crypto market’s turmoil, with profits down by 80% from top levels. In the wake of mounting capitulation pressure, the  Poolin multi-asset mining platform recorded the single largest miner outflow from wallets in 2-years, involving 10,000 Bitcoins. Poolin, a popular mining pool, reportedly witnessed the large outflow, …

[ad_1] The Bitcoin halving refers to an event where miners’ block rewards are cut in half. This occurs roughly every four years, depending on when a total of 210,000 blocks have been mined from the previous halving go-live date. As a result, the number of new tokens entering circulation slows and fewer tokens enter the…

[ad_1] Solana has been on a downtrend since the collapse of FTX, as investors have been selling their SOL holdings due to its connection with the Sam Bankman-Fried crypto empire. SOL down 55% According to CryptoSlate data, SOL was one of the worst-performing digital assets in the last 30 days. The digital asset is down…

[ad_1] November 2022  was one of the worst months for the two most popular cryptocurrencies — Bitcoin (BTC) and Ethereum (ETH). November was Bitcoin’s second worse month in 2022 According to CryptoSlate data, Bitcoin lost roughly 18% of its value in the past 30 days — making November the second-worst month for the year and…

[ad_1] Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam said the only cryptocurrency that should be classified as a commodity is Bitcoin. Behnam made the comment during a private crypto event at Princeton University. Under the context of the FTX collapse, Behnam took the opportunity to argue for appropriate legislation to counter the pitfalls of…

[ad_1] The Bitcoin inflation rate fell from 50% in 2011 to 4% in 2020 prior to the halving and now stands at 1.7%, a figure way below the U.S. Federal Reserve’s monetary inflation rate target of 2%.  While the rate demonstrates Bitcoin’s rapid and mainstream adoption, the digital currency’s fundamentals have remained unaffected by 2022’s…