Category: Uncategorized

[ad_1] Freeway, a crypto-staking platform that touted up to 43% annual rewards, halted withdrawals and deposits on its platform on Oct. 23, citing market volatility. According to the notice posted on its website, the firm has “decided to diversify its asset base” to avoid future market volatility and increase the sustainability of the platform. Notice…

[ad_1] Bitcoin (BTC) network’s mining difficulty recorded a new all-time-high (ATH) on Oct. 23 as the difficulty increased by 3.4% to reach 36.84 trillion. At the same time, the Difficulty Ribbon has started to compress, which historically indicates good buying opportunities. Mining difficulty The chart below demonstrates mining difficulty with the orange line. The final…

[ad_1] The cryptocurrency industry has historically been more volatile than either equities or forex markets. However, since COVID, there has been increased volatility across most investible assets. Interestingly, the pound fell at one of its sharpest rates in history following the recent mini-budget, while Bitcoin has remained relatively stable around the $19,000 market. Equities correlation…

[ad_1] The cryptocurrency market cap saw net outflows of $9.1 billion since the last wMarket report. As of press time, the total crypto market cap stood at $910.96 billion, down 1% over the last 24 hours. Bitcoin’s market cap fell 0.1% over the reporting period to $365.4 billion from $369.10 billion. Meanwhile, Ethereum’s market cap…

[ad_1] Bitcoin (BTC) miners had a rough third quarter, with the cost of mining increasing, although BTC’s price continued to fall, according to the Hashrate Index report. According to the report,  the rate at which public miners sold mined BTC dropped for the first time since May. Hashprice decrease The best sign of how unprofitable…

[ad_1] The current bear market has shown that it is not like previous ones in several ways. One way to track the difference is by looking at the behavior of short-term holders of Bitcoin (BTC) versus long-term holders. In previous bear markets, short-term holders — who have held BTC for six months or less —…

[ad_1] The digital asset subsidiary of Fidelity Investments has released a research document titled “The Rising Dollar and Bitcoin,” which takes a bullish view of Bitcoin in rising dollar markets. The research piece assessed the future potential of Bitcoin vis a vis its relationship with traditional currencies. Notably, the report sees the largest cryptocurrency by…

[ad_1] The has been debate on Ethereum’s potential to become deflationary after The Merge but the issuance increase in the days following the move to proof-of-stake appeared to negate the deflationary theory; however, the burn rate throughout October has led to ETH recording its first 30 deflationary days in history. After The Merge was completed…

[ad_1] Twitter user @tier10k posted a Bloomberg chart showing the pound’s volatility nearing that of Bitcoin. In recent weeks, the pound has seen an uptick in volatility against the dollar, primarily spurred by political instability due to weaknesses in the U.K. economy. Particularly the fallout from the disastrous “mini budget.” Newly appointed Chancellor Jeremy Hunt…

[ad_1] “Hodlonaut,” also known as Magnus Granath, took to Twitter to declare victory in his defamation lawsuit against self-described Bitcoin creator Craig Wright. I won. Welcome to law. — hodlonaut 🌮⚡🔑 🐝 (@hodlonaut) October 20, 2022 The six-day trial ended on Sept. 20, but an embargo prevented the result from being disclosed until Oct 20.…