Ethereum definition If Bitcoin (BTC) is the alleged future of money, then what is Ethereum? For someone new to the cryptocurrency space, that’s the logical question to ask, considering they probably see Ethereum and its native Ether (ETH) cryptocurrency next to Bitcoin everywhere on exchanges and in the news. However, it’s not exactly fair to consider Ethereum to be in…
Abnormally large outflows from the Multichain multi-party computation (MPC) bridge platform are sparking fears of a multimillion-dollar exploit. On July 6, observers noticed that over $102 million worth of crypto had been withdrawn from Multichain’s Fantom bridge on the Ethereum side, as well as $666,000 from Dogechain and $5 million from Moonriver. Several on-chain sleuths took to Twitter to label the…
Data suggests that investors are better off buying spot Bitcoin than attempting to mine it unless the market is in a mega bull run. While, intuitively, mining Bitcoin may appear like a highly profitable endeavor, research suggests otherwise. After discovering Bitcoin most users go down the rabbit hole and consider whether it is better to mine or buy Bitcoin directly. They usually…
The average bear market length is 289 days, or roughly nine and a half months. For the first time since 2020, the S&P 500 closed in bear market territory on June 13, 2022, dropping by over 20% from its peak in January. So, are we in a bear market? The answer is yes. A bear market indicates a steep decline in stock prices. While bear markets…
he rehabilitation center cited estimates that about 1% of cryptocurrency traders will develop an “extreme” addiction to crypto trading. A luxury rehabilitation center in Spain has recently added services aimed at treating a relatively new kind of addiction — crypto trading. The center, called “The Balance,” is a Switzerland-founded wellness center, with its main facility located on the Spanish island…
Multi-month BTC price highs keep trickling in, but Fed volatility looms as the FOMC coincides with the Bitcoin monthly candle close. Bitcoin BTC $23,285 starts a key week with a familiar cocktail of price spikes mixed with fear that the bear market will return. After sealing its highest weekly close in almost six months, BTC/USD remains over 40% up year-to-date, with…
The price of one Bitcoin (BTC) in Nigeria has skyrocketed to the equivalent of $38,000 in the local currency, the naira. The price of Bitcoin BTC $23,546 in Nigeria has skyrocketed to well above global market levels amid continued efforts by the central bank to push its citizens into digitalized cash. At the time of writing, the price of 1 BTC…
Market analyst Cole Garner suggests that Bitcoin bulls are in for a treat amid an ongoing BTC price renaissance. Bitcoin BTC $23,030 remains firmly “bullish” at $23,000, according to new on-chain metrics from one of the industry’s best-known names. In a preview on Jan. 28, market cyclist and on-chain analyst Cole Garner revealed what he said were “backtested and validated” Bitcoin trading tools….
The U.S. will pay over $1 trillion in debt interest next year, the equivalent of three or more Bitcoin market caps at current prices. Commentators believe that Bitcoin BTC $23,010 bulls do not need to wait long for the United States to start printing money again. The latest analysis of U.S. macroeconomic data has led one market strategist to predict quantitative…
Hong Kong investors can now gain exposure to Bitcoin through Samsung new ETF listing, launching on Jan. 13. In Hong Kong, the bell rings for Bitcoin BTC $18,078 . Samsung Asset Management Hong Kong (SAMHK), a subsidiary of Samsung’s investment arm Samsung Asset Management, is set to list the “Samsung Bitcoin Futures Active ETF” on the Hong Kong stock market on…