Monthly Archives: May 2020

Crypto Traders Are Longing ETH (And Not Much Else)

Ethereum longs on Bitfinex have increased 170% since breaking into record highs during late February. The number of Ethereum (ETH) longs has continued to surge after breaking into all-time highs at the end of March. Despite the broader crypto markets posting price gains alongside Bitcoin (BTC) in recent weeks, the number of open longs remains low for most crypto assets after plummeting during the mid-March crypto market crash. Ether longs dominate crypto markets Since breaking into record highs on Feb. 26, ETH/USD longs on major crypto exchange […]

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Bitcoin Breakout Hopes, R.I.P. TON, Trump Threatened: Hodler’s Digest, May 11–17

Bitcoin price charts hint at an exciting breakout, Telegram officially ditches TON, and why Trump could be the next victim of the REvil ransomware group. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin price charts hint at the most exciting breakout in over a year The halving has been […]

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S2F Hopium: Report and Twitter Critics Find Flaws With Bitcoin’s Stock-to-Flow Ratio

In mid-April, news.Bitcoin.com researched the popular stock-to-flow (S2F), which shows the price of a single bitcoin reaching $55K and even six figures. At the time, analysts questioned measuring bitcoin’s price in this manner and more recently, a few others have been criticizing the method as well. Just recently, a research report written by the author Francis Tapon finds eight flaws in bitcoin’s S2F model. Additionally, the well known crypto proponent Eric Wall has shown criticism toward Plan B’s S2F tweets as well. Report Finds 8 Flaws With […]

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Bitcoin Transaction Fees Are Up 800% in One Month

Transaction fees have seen anomalous volatility amid Bitcoin’s third halving, increasing over 800% in one month. From April 11 until May 14, Bitcoin (BTC) transaction fees increased by more than 1,250% from $0.38 to $5.16. While Bitcoin transaction fees have since fallen by 33.3% to sit at roughly $3.44 as of this writing, fees have increased by 36.5% since the block reward halving on May 11. Bitcoin fees double in three days after halving The average cost of executing transactions on the Bitcoin network has increased by […]

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Fortnite Fans Race to Earn ETH-Based Rewards on Reddit, Crypto Users Saunter

Over 10,000 Redditors have signed up for the platform’s ETH-based rewards, however, 75% of them are Fortnight players. Within days of launching on the Rinkeby testnet, Reddit’s Ethereum (ETH)-based Community Points rewards system has seen more than 10,000 addresses created. Reddit’s points were rolled out across two subreddit communities pertaining to the topics of the popular video game Fortnight (r/fortniteBR) and cryptocurrency (r/cryptocurrency) from March 13 to March 15. Perhaps surprisingly, over 80% of wallets created on the testnet so far represent the Fortnight community. Reddit ‘Community […]

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Centralized Exchanges Continue to Shed Bitcoin

The number of Bitcoins held on centralized exchanges has fallen by more than 10% since Black Thursday in March. Data compiled by Glassnode is showing that the number of Bitcoin (BTC) held on top crypto exchanges has steadily fallen since the violent mid-March crash that saw crypto prices tumble by 50% in a single day. The sum of BTC held on exchanges currently sits at a little over 2.3 million — the lowest it has been since May 22, 2019. As such, the percentage of BTC stored […]

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Cyprus Hospital to Deploy DLT-Based Medical Data Management

A hospital in Cyprus will soon deploy a blockchain-based medical data management system built by VeChain. Blockchain tracking platform, VeChain, announced that it co-developed a blockchain-based medical data management platform in partnership with digital healthcare solution firm I-Dante. The platform, dubbed “The E-NewHealthLife”, is set to see deployment at the Mediterranean Hospital of Cyprus — with the European island’s healthcare sector reportedly operating with numerous inefficiencies resulting from outdated technological infrastructure, VeChain announced on May 16. The Mediterranean Hospital of Cyprus has 300 employees and processed 38,000 […]

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Robert Kiyosaki Predicts Bitcoin Will Be Worth $75k in 3 Years

Robert Kiyosaki predicts that Bitcoin’s price will rise nearly 100% per year over the next three years. Robert Kiyosaki, businessman and best selling author of the book Rich Dad, Poor Dad, has taken to Twitter once again to proclaim his bullish position on Bitcoin. His prognosis? BTC’s price is heading to $75,000 in three years. How Kiyosaki values each asset In a May 16 tweet, Kiyosaki states that his fear of a dying economy has led him to purchase more of three assets that he ostensibly considers […]

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Hackers Are Using Supercomputers to Mine Crypto

Hackers attacking supercomputers across Europe, trying to get their hands on mining crypto. Hackers have attacked multiple supercomputers across Europe this week with the intention of mining cryptocurrency. Clusters of supercomputers have been forced to shut down in order to investigate the intrusions, according to a ZDNet news report on May 16. These security incidents were reported in the UK, Germany, and Switzerland. Additionally, another possible attack occurred in a high-performance computer center in Spain, according to the report. College campuses are the main victims Most of […]

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Long Squeeze Incoming? 3 Reasons Why Bitcoin Price May Correct Sharply

In the last week Bitcoin price rejected near $10,000 three times, raising the probability of a long squeeze. The price of Bitcoin (BTC) rose slightly above $9,900 on BitMEX, rising by nearly 9% within less than 48 hours since May 16. Despite the impressive recovery, the top ranked digital asset on CoinMarketCap faces a risk of a major long squeeze in the near-term. Three factors that suggest the price of Bitcoin may correct following its recent rally from $9,100 to $9,900 are the: overwhelmingly large number of […]

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