Monthly Archives: May 2020

Miner Survivability Post-Halving: A Hash Rate Comparison

Poolin releases figures showing current hashrate distribution in the lower quartile to calculate miner capitulation after the halving of Bitcoin’s block subsidy. The market for selling hash rate in exchange for Bitcoin (BTC) has undergone staggering growth in the epoch since the last halving. There is almost 100 times the level of competition today as there was four years ago, up 125 exahashes from 1.4 exahashes. After the last halving in 2016, 16nm chips were first hitting the market, pushing 14 terahashes per second, or T/s, at […]

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Bitcoin On-Chain Data Suggests Miners Expect Halving to Pump BTC Price

Bitcoin’s price is surging right before the halving event, but will it last? On-chain data may hold the answer. As the coronavirus pandemic continues to unfold and new signs of lockdowns beginning to be slowly lifted in Europe, all eyes in the crypto community are back on the Bitcoin (BTC) halving. The event is only 10 days away, and Bitcoin’s price seems to be acting accordingly, having surged an incredible 23% to a monthly high above $9,400 earlier this week.  A widely celebrated event in the cryptocurrency […]

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12 Months of Onchain Data Shows Bitcoin Whales Obtained Hundreds of BTC from Small Fish

According to recent data, crypto participants known as ‘bitcoin whales’ have been steadily accumulating bitcoins, and not selling since the ‘Black Thursday’ market carnage on March 12, 2020. Onchain data and blockchain analysis firms indicate that the number of bitcoin whales with 1,000 to 10,000 BTC or more on a single address has increased significantly. Small and Mega-Bitcoin Whales Accumulate More Coins During the Market Dip In the cryptocurrency world, investors who hold a large number of digital assets are typically called ‘whales.’ There are also all […]

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Study Shows UK Blockchain Companies Are Shifting Back To Traditional Funding Strategies

A study by MMC Ventures unveiled the return to the dynamics of traditional capital funding by blockchain companies. A new study released by venture capital firm, MMC Ventures, found that UK blockchain companies are turning to traditional capital raising strategies, noting that the Initial Coin Offering, or ICO, model is becoming “increasingly” difficult to utilize. According to the research published on April 30, ICOs represent a “valuable” funding source for open-source projects. However, they allege that cheap access to capital combined with a lack of understanding of […]

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Former Bakkt CEO and Current US Senator Loeffler Sees 20% Approval Among Voters

Senator Kelly Loeffler, formerly CEO of Bakkt and currently a member of the task force to reopen the U.S., sees plummeting approval ratings. Per a new poll of Georgia republicans released on April 29, Senator Loeffler (R-GA) seems to have a rough road ahead of her en route to the special election later this year. Loeffler’s appointment and coming election Georgia’s Governor Brian Kemp initially appointed Loeffler to her senate seat in December following Sen. Johnny Isakson’s announcement that he would retire at the end of 2019 […]

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Decentralized VPN Gaining Steam at 100,000 Users Worldwide

Tachyon, a blockchain-based ecosystem built with the help of proof-of-stake creator, Sunny King, already has 100,000 entities using its VPN. Blockchain-based ecosystem, Tachyon, has a decentralized virtual private network, or VPN, hosting 100,000 users as of April, according to V Systems chief architect, Sunny King.  “Tachyon has started open pilot testing,” King told Cointelegraph in an April 25 email. “Features are introduced step-by-step,” he said, adding: “I’m delighted that Tachyon VPN has just reached 100,000 users globally this month and I believe that eventually it would enable […]

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Bitcoin Has Entered “Optimismâ€� Phase — Is “Belief” Or “Fear” Next?

Bloomberg analyst concurs optimistic on-chain indicators. Data from the blockchain intelligence company, Glassnode, suggests that Bitcoin (BTC) has entered the “Optimism” phase amongst traders. The metric subtracts the net unrealized loss from the net unrealized profit of all circulating Bitcoin supply to gauge market sentiment. This indicator tends to increase during bull markets and the company suggests that the various value bands indicate market phases. Source: Glassnode With the recent increase in the price of Bitcoin, apparently, the market has migrated from “Hope” to the “Optimism” phase. Next, […]

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Price Analysis 5/1: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, XLM

Most major cryptocurrencies are facing resistance at higher levels, meaning a few days of consolidation could be needed before the rally can resume. The total crypto market capitalization has jumped from about $198 billion on April 22 to over $263 billion on April 30. This 32% rally in roughly eight days shows that investor sentiment is bullish. While this is a positive sign, the problem is that most people expect a repeat of the previous bull run. But with coronavirus still not reigned in, investors are likely […]

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CoinTracking Launches Two Powerful, Free Plug-ins for Crypto Traders 

Though the top cryptocurrency exchanges offer charts, many don’t offer the analytical features crypto traders need to make good trading decisions. To help fill this need, CoinTracking has partnered with two companies that specialize in cryptocurrency analytics: IntoTheBlock and Cryptosheets. These new integrations provide a whole new use case for the world’s most popular crypto tax software. What is CoinTracking? CoinTracking was founded in 2012 and went online in April 2013 as the world’s first cryptocurrency tax reporting tool and portfolio manager. The company now has over […]

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Is Elon Musk Selling His Bitcoin?

A recent tweet storm from Elon Musk begs the question — is Tesla’s founder selling his reportedly small Bitcoin holdings? As part of a recent series of nonsensical tweets, Tesla’s eccentric founder, Elon Musk, expressed plans to sell all his physical possessions. Are his Bitcoin (BTC) holdings included in the fire sale? “I am selling almost all physical possessions,” Musk tweeted on May 1. “Will own no house,” he noted, adding: “Just one stipulation on sale: I own Gene Wilder’s old house. It cannot be torn down or […]

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