Category: Uncategorized
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Major sell-off sees total crypto market cap dip to $900B
[ad_1] The total crypto market cap is down 15% over the past seven days, dropping from $1.069 trillion to $903 billion at writing. Most of the losses came on Sunday, September 18, with a steady uptick in outflows beginning in the morning (UTC). This pattern continued into Monday morning, with the early hours seeing significant…
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August 2022 GameFi Report
[ad_1] While the number of new users entering GameFi has dropped precipitously, the average number of transactions per user is increasing steadily. Therefore, with the users in the market today more likely to be actively gaming, GameFi data from August can help us understand which projects and ecosystems are sustainable in the long run. Splinterlands…
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Bitcoin HODL waves show that this cycle is completely the same as all others
[ad_1] A look at a graph of Bitcoin’s (BTC) price performance in the past few months will show a see-saw chart, but with significantly more downs than up. While the current market cycle might seem different from previous ones, the HODL waves metric shows that it is not much different from previous cycles. The HODL…
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Ethereum switches to PoS, ETH falls below $1,500 as over $150M is liquidated
[ad_1] The biggest news in the cryptoverse for Sept. 15 includes ETH falling below $1,500 as over $150M is liquidated, the first post-merge NFT “The Transition” minting for $60,000, Charles Hoskinson saying that Ethereum’s Merge changes nothing. CryptoSlate Top Stories Ethereum switches to PoS after successfully completing the Merge Arguably the biggest moment in the…
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Santiment data shows 2 addresses controlling over 45% of Ethereum transactions post-merge
[ad_1] Two addresses have processed over 45% of Ethereum (ETH) transactions since the blockchain network completed its transition to a proof-of-stake (PoS) consensus mechanism, according to Santiment data. 📊 According to our #Ethereum Post Merge Inflation dashboard, 46.15% of the #proofofstake nodes for storing data, processing transactions, and adding new #blockchain blocks can be attributed…
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ETH falls below $1,500 as over $150M is liquidated in 24 hours
[ad_1] The largest liquidation candle in a month wiped out most of the gains Ethereum posted following the Merge. Following its transition to a Proof-of-Stake network, ETH touched $1,640 in what many believed would be the beginning of a rally. However, aggressive liquidation pushed its price below $1,500, with ETH standing at around $1,480 as…
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Bitcoin may be regaining dominance over altcoins
[ad_1] Breaking from the decade-long tradition of Bitcoin dominance, Ethereum has been outperforming the market in the past few months. While some saw this as the market pricing in the upcoming Merge, others argued that it showed the natural and expected decoupling of the market. Ethereum’s outperformance was clearly visible through the altcoin cycle signal,…
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Dutch police arrest suspected Bitcoin thief by tracing transactions on blockchain
[ad_1] The Dutch police arrested a 39-year-old man in the Netherlands on Sept. 6 for allegedly stealing Bitcoin worth tens of millions of dollars, according to a statement by Dutch authorities. Upon the arrest, the police raided his home and seized his data carriers and cryptocurrency profits. He remains a suspect, and investigations into his…
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Ethereum price volatility expected post-Merge as open interest options soar with bearish divergence
[ad_1] The eagerly anticipated Ethereum Merge is expected to occur on Sept. 15. This will consolidate the existing Proof-of-Work (PoW) execution layer to the concurrently running Proof-of-Stake (PoS) Beacon chain. Proponents expect this to bring scaling and environmental benefits. Although the run-up to the Merge has seen a significant jump in price, growing 90% since…
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Bitcoin sinks as CPI inflation hits 8.3%, shortening odds of 3rd consecutive 75 bps hike
[ad_1] The price of Bitcoin sank following the release of Consumer Price Index (CPI) data by the U.S. Bureau of Labor Statistics (BLS), showing a 0.1% increase in August, taking the unadjusted value to 8.3%. In response to last month’s BLS CPI report, released on August 10, Bitcoin closed the day up 5% to $24,050.…