One crypto analyst, Ali Martinez, has shed light on the significance of the $59,800 price level for the future trajectory of Bitcoin. According to Martinez, there are two possible outcomes if Bitcoin were to drop to that level. The short-term holder’s (STH) realized price for Bitcoin is currently at $59,800, a level at which BTC
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The recent CryptoQuant report has highlighted a significant drop in the portion of Bitcoin miner revenue derived from transaction fees. This decline comes after a surge on the day of the last halving event. The fourth Bitcoin halving, which occurred last Friday, resulted in miner block rewards being cut in half to 3.125 bitcoins (BTC).
The TON Foundation, a non-profit organization focused on promoting and developing the Ton blockchain, has recently unveiled an exciting airdrop for active NFT traders and holders. This airdrop aims to distribute 105,600 TON tokens, valued at around $600K, to eligible participants on popular Ton NFT marketplaces. Let’s delve deeper into this opportunity and explore how
Jabara Igbara, also known as “Jay Mazini,” recently faced the consequences of his fraudulent actions as he was sentenced to seven years in prison by U.S. District Judge Frederic Block. This sentence came after Igbara pleaded guilty to wire fraud and money laundering charges, admitting to scamming investors of at least $8 million. The United
The recent data from analytics platform IntoTheBlock has shed light on a concerning trend within the Cardano (ADA) network. The report reveals a significant dip in profitability for ADA holders compared to other cryptocurrencies like Bitcoin and TRX. Only 35% of Cardano holders are currently seeing gains, which raises questions about the underlying challenges faced
Bitcoin (BTC) has faced significant pullbacks since the bear market of 2022, with drops as high as 23% in value. These declines, while daunting, present an opportunity for investors to maximize their returns by buying at discounted prices and benefiting from subsequent rebounds. Crypto trader and analyst Rekt Capital highlighted the potential for good returns
Block Inc., the fintech company founded by Jack Dorsey, has recently announced the completion of its advanced Bitcoin mining chip. This development marks a significant milestone for the firm’s mining project, indicating a step forward in the evolution of Bitcoin mining technology. Block’s three nanometre (3mn) Bitcoin mining chip is currently undergoing the final stages
Venezuela’s state-owned oil and gas company PDVSA is reportedly planning to expedite its utilization of cryptocurrency, particularly USDT. This move comes as a strategic response to circumvent the tightening US sanctions on the country. PDVSA has gradually been integrating USDT for oil sales since 2023 and now has a new policy requiring new customers to
Bitfinex, a Hong Kong-based cryptocurrency platform, has recently released an Alpha report that delves into the market dynamics of Bitcoin following the recent halving event. One key takeaway from the report is the surge in exchange withdrawals of Bitcoin, reaching levels not seen since January 2023. This uptick in withdrawals signifies a trend of investors
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