The supply of bitcoin (BTC) on centralized crypto exchanges has fallen to its lowest level in six years, indicating a decline in selling intent. According to the latest edition of the Bitfinex Alpha report, exchange-held BTC has reached its 45th consecutive month of diminishing supply. The development came when BTC hit a significant resistance level at $45,000. Bitcoin Supply on Exchanges Continue to Decline Long-term investors or large holders usually move their assets to...
Read More »Bitcoin Mining Investment Commitments Hit $1.2B YTD as BTC Halving 2024 Approaches
Several companies are anticipating the changes expected from the Bitcoin halving next year and have pumped in more mining investments. The Bitcoin mining industry has consistently picked up steam over the last few months. According to a report from Bitcoin mining consultancy and PR firm BlocksBridge Consulting, Bitcoin miner investment commitments have crossed $1.2 billion year-to-date. In its Miner Weekly report, BlocksBridge Consulting notes that since the year began, twelve public...
Read More »SEC, BlackRock, and Fidelity Iron Out Details for Potential Bitcoin ETF
As the SEC engages in detailed discussions with investment giants like BlackRock and Fidelity, the potential approval of a spot Bitcoin ETF seems to be moving closer to reality. The crypto market is abuzz following recent revelation that the Securities and Exchange Commission (SEC) engaged in discussions with major investment firms BlackRock Inc (NYSE: BLK) and Fidelity Investments, to iron out technical details for a potential spot Bitcoin Exchange-Traded Fund (ETF). Spot Bitcoin ETF and...
Read More »Cathie Wood’s Ark Invest Offloads Massive GBTC and Coinbase Shares, Eyes AI Push
While Cathie Wood has been aggressively selling off her investments in crypto firms, she’s making fresh bets in the AI space acquiring shares of top tech companies like Microsoft and Meta. Cathie Wood’s Ark Invest has been doing massive capital rotation by offloading its crypto investments and eyeing a push into AI. Ark Invest executed its most substantial sale in over a year by divesting approximately $12.85 million in Grayscale Bitcoin Trust (GBTC) shares from its Next Generation...
Read More »Active Addresses on Litecoin Network Reach Record High Four Months after LTC Halving
The number of daily transactions on the Litecoin network reached an all-time high of 1.09 million on November 14, surpassing even Bitcoin’s transaction count of around 523,284 at the same time. In a remarkable turn of events, the Litecoin (LTC) network has experienced an impressive surge in active addresses, achieving a new all-time high merely four months after the recent halving in August. As of December 8, 2023, blockchain data analytics company IntoTheBlock said the protocol had...
Read More »El Salvador’s Bitcoin-Backed Volcano Bonds Get Regulatory Approval
By securing outside funding support through the pioneering Volcano Bonds, El Salvador can continue progressing with Bitcoin integration across governmental services and society. El Salvador has successfully overcome a significant regulatory hurdle as it pursues the introduction of Bitcoin-backed sovereign debt instruments, referred to as “volcano bonds”. The nation’s Digital Assets Commission has provided the necessary approvals for the bonds to proceed, marking a significant milestone in...
Read More »Staking und Yield Farming: Die Kunst der Krypto-Ertragsgenerierung
In der aufstrebenden Welt der Kryptowährungen gibt es eine Vielzahl von Möglichkeiten, sein digitales Vermögen zu vermehren. Zwei besonders beliebte Methoden sind das sogenannte „Staking“ und „Yield Farming“. Beide Strategien bieten Anlegern die Möglichkeit, passive Einkommen zu generieren, indem sie ihre Kryptowährungen in bestimmten Protokollen oder Plattformen hinterlegen. In diesem Artikel werfen wir einen genaueren Blick auf das Konzept des Staking und Yield Farming. Staking: Staking...
Read More »Bitrefill: Einkaufen mit Bitcoin, Lightning-Netzwerk und USDT
Was ist Bitrefill? Bitrefill ist eine Plattform, die Produkte und Services zur einfacheren Nutzung von Kryptowährungen anbietet. Dieser Service umfasst eine Palette verschiedener Prepaid-Geschenkkarten und Handyaufladungen. Weitere Informationen zu Bitrefill finden Sie auf der offiziellen Website. Bitrefill ist ein innovatives Unternehmen, das eine Brücke zwischen Kryptowährungen und alltäglichen Einkäufen schlägt. Es ermöglicht Kunden, Gutscheine...
Read More »Cardano (ADA) Price Analysis: Dips Turn Attractive Near $0.50
ADA price started a downside correction from the $0.650 zone against the US Dollar. The price is now trading above $0.50 and the 55 simple moving average (4 hours). There is a connecting bullish trend line forming with support near $0.540 on the 4-hour chart (data feed via Coinbase). The price could start a fresh increase if it clears the $0.584 and $0.600 resistance levels. Cardano’s price is consolidating above $0.500 against the US Dollar, like Bitcoin. ADA...
Read More »Bitcoin wird immer resilienter: 2nd Layer und Auslagerung ins Weltall
Blockstream Satellite: Bitcoin blockchain broadcasts The Blockstream Satellite network broadcasts the Bitcoin blockchain around the world 24/7 for free, protecting against network interruptions and providing areas without reliable internet connections with the opportunity to use Bitcoin. Bitcoin, die erste und bekannteste Kryptowährung, zeigt eine zunehmende Widerstandsfähigkeit durch die Implementierung von Second-Layer-Technologien und die...
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