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Bear Market Effects: Installation of New Crypto ATMs Slows Down

The latest figures show that the first eleven months of 2022 have seen the installation of 6,100 new crypto automated teller machines (ATMs). The temps have significantly slowed down due to the ongoing bear market. In comparison, over 20,300 crypto ATMs popped up in 2021 (when bitcoin and many altcoins charted their all-time high prices). Change of Trends The skyrocketing prices of most digital assets last year and the huge investor interest have prompted the planting of...

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Despite Crypto Winter, Bitwise Files for Bitcoin Futures ETF in the US: Report

Over a year after the first Bitcoin futures ETF went live in the States, Bitwise has filed to launch its own such product. This comes despite the ongoing bear market, which has seen prices decline and investor interest evaporate. Citing a filing with the US regulators, the Bloomberg report informed that Bitwise’s product would be called Bitcoin Strategy Optimum Yield ETF, under the ticker BITC. Similar to the previously approved ETFs in the US, this one would not hold the...

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Bitcoin Optech – Bulletin #226

Bulletin d’information hebdomadaire Bitcoin Optech du 16 novembre 2022. Traduction de @copinmalin. La newsletter de cette semaine décrit une proposition visant à permettre la mise en place de contrats intelligents généralisés sur Bitcoin et résume un article sur la lutte contre les attaques de brouillage des canaux LN. Sont également incluses nos sections régulières avec des résumés des...

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Australia Will Not Treat Digital Assets Like Foreign Currency

Australia has made a specific taxation decision when it comes to crypto assets, and members of the industry and active traders are not happy about it. Australia May Have Made a Severe Choice Regarding Crypto Not long ago, Australia announced that for tax purposes, it would continue to treat digital currencies as physical assets rather than foreign currency. The government of Australia is now set to introduce full legislation cementing the decision. What does this mean?...

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ETH Paints a Lower Low as a Retest of $1,000 Looking More Likely (Ethereum Price Analysis)

Unlike Bitcoin and many other crypto assets, Ethereum is forming a new low while testing a significant resistance level. ETH should be monitored closely, as the price action in the next few days could provide useful hints for the mid-term market trend. Technical Analysis By: Edris The Daily Chart: Looking at the daily chart, the price is still trapped between $1250 and $1000 levels but could soon break out. The $1250 resistance level is currently being tested, and if broken...

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Glass Node: Most Bitcoin Addresses Have Experienced Heavy Losses

For the first time in two years, most of the world’s active bitcoin addresses have experienced heavy losses and are now in the red. Bitcoin Addresses Are Seeing Fewer Returns The data comes from Glass Node, which measured all the current bitcoin addresses that are still sending funds to digital currency exchanges. The company says the activity is at a 23-month low, which means more selloffs could be in BTC’s future in the short term. Dan Ashmore – an analyst at Coin...

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Weekend Watch: Dogecoin Skyrockets 13%, BNB Breaks $300

Bitcoin continues to display little-to-no price swings and stands still around $16,500. Some altcoins, though, have significantly outperformed BTC, including Dogecoin and Binance Coin, both of which jumped to multi-week highs. DOGE, BNB Soar The altcoins were slightly in the red yesterday, but the landscape is quite different now, at least for some. Binance Coin is among those. Amid the latest rumors around the world’s largest crypto exchange, BNB has jumped by 7%. As a...

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Bitcoin-Anleihen: Investiere in Bitcoin City

Bitcoin City: Eine Vision von Nayib Bukele Lange hat es gedauert. Doch nun sollen jene gesetzlichen Rahmen geschaffen werden, welche es ermöglichen, El Salvadors Bitcoin Bonds herauszugeben. Dem Bau der sogenannten Bitcoin City dürfte somit theoretisch nichts mehr im Weg stehen. El Salvadors „Bitcoin City“ El Salvadors „Bitcoin Bonds“ dürften bald kein lang ersehnter Wunschtraum mehr bleiben. Obwohl das Land sich weiterhin in einer Krisenlage...

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Binance Removes Trading Pairs for FTX-Linked Serum Token

Binance, the world’s largest crypto exchange, will remove multiple trading pairs for the DEX protocol Serum (SRM), which is known to have deep ties to both FTX and Alameda Research.  The token will no longer be tradeable for Bitcoin (BTC), Tether (USDT), or Binance’s native BNB token.  What is Serum? Binance revealed Serum’s trading restrictions, alongside a handful of other pair removals, in an announcement on Friday. Other restricted assets include the BTC hash rate-backed...

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