Category: Uncategorized

[ad_1] The U.S. Bureau of Labor Statistics (BLS) released nonfarm payroll data showing 517,000 jobs were added in January, marking a significantly higher-than-expected increase. Economists had forecast 185,000 nonfarm jobs to be added for the month, fewer than December’s actual 223,000 jobs added. As an initial response, Bitcoin recorded a 1.1% swing to the downside,…

[ad_1] Bitcoin reached $24,260 during the morning of February 02 (UTC) – marking a 24-week high. Similarly, the total crypto market cap touched $1,098.4 billion, a 24-week high. Approximately five hours earlier, the Federal Open Market Committee (FOMC) meeting concluded, announcing a 25 basis point rate hike in line with market expectations. Expectations are that…

[ad_1] Glassnode data analyzed by CryptoSlate analysts suggests that rising Bitcoin (BTC) price also increases miner profitability and revenue, which have been historical pointers for market bottoms. CryptoSlate looked into the Difficulty Regression Model and Miner Revenue vs. Yearly Average comparison metrics to evaluate miners’ profitability. While both metrics agree that things are going swimmingly…

[ad_1] Glassnode data analyzed by CryptoSlate analysts shows that Asia, the U.S., and the EU have been bullish on Bitcoin (BTC) and Ethereum (ETH) since late January. As the regional price metrics indicate, investors from all three regions feel more bullish on BTC than they do on ETH. In the meantime, year-over-year BTC supply for…

[ad_1] A lawsuit from Craig Wright that aims to have Bitcoin developers surrender crypto and modify code can go to court, Reuters reported  Feb. 3. Wright is suing 15 developers in an attempt to obtain 111,000 BTC worth $2.5 billion. Supposedly, Wright suffered a hack years ago, leading him to lose access to keys that…

[ad_1] A testnet that will demonstrate Ethereum staking withdrawals is set to go live on Wednesday, according to statements from developers on Jan. 30. Ethereum Foundation members Parithosh Jayanthi and Barnabas Busa said the Zhejiang testnet will go live on Feb. 1 at 15:00 UTC. The Shanghai and Capella upgrade will be triggered on the…

[ad_1] Ethereum briefly surpassed $1,700 on February 2, soaring more than $500 since the start of the year, but some analysts say the bullish activity on the crypto may be short-lived. A chart published by the market intelligence platform Santiment identified several key points that suggest a local top may be in. Ethereum, Ratio of…

[ad_1] Toward the end of 2022, the market saw some FUD (fear, uncertainty, and doubt) surrounding the safety and security of Binance, one of the world’s largest and most popular cryptocurrency exchanges. The concerns stemmed from various sources, including social media posts and online articles, that have raised concerns about the exchange’s security and the…

[ad_1] On the one hand, DeFi projects had countless hacks and one of the most disastrous collapses in tech/internet history with Terra. Combined with macro conditions, these factors caused the DeFi market to decline significantly, even more than other blockchain sectors, last year. On the other hand, you can’t have GameFi without DeFi, and NFT…

[ad_1] The value of Coinbase’s stock (COIN) rose nearly 90% over the past month. As of Jan. 27, 2023, COIN’s market value was $61.47. That represents an 88.27% price increase from Dec. 27, 2022, when the asset was valued at $32.65. Today’s price is also the highest value that the stock has reached since the…