A shocking amount of nearly 13 billion SHIB has already been removed from the systemic circulation supply over the past 24 hours. As tweeted by the Shiba Inu transaction tracker @Shibburn, this is because the coin is being sent to dead-end wallets. The platform also burns Shiba Inu to help keep the supply down. Most […]
U.S. Mining Stocks Drop Almost 50% Despite Hashrate Increasing
The Cambridge Center for Alternative Finance, a financial research institute affiliated with Cambridge University, has found that the Bitcoin hashrate was up by 4% in August from the previous year, from 35% to 39%. But, still, the mining stocks have seen declines in the last month, with Bitcoin prices going down. The concluded figure involves […]
TA: Bitcoin Trims Gains, Why BTC Could Start Fresh Decline
Bitcoin extended decline and traded below $29,000 against the US Dollar. BTC must stay above the $28,500 level to avoid a sharp decline in the near term. Bitcoin started a fresh decline from the $30,500 resistance zone. The price is now trading below the $30,000 level and the 100 hourly simple moving average. There was […]
Bitcoin Stable Near $30,000 But The Bearish Leg Is Far From Over
Bitcoin has been getting stable at its crucial support level of $30,000. For over a week now, Bitcoin has been trading near its immediate support level. Over the last week, the coin lost close to 6% of its value and in the last 24 hours, BTC fell by 3%. The past week has been extremely […]
ATOM Might Trade Below Its Immediate Support Level Despite A Recent Rally
ATOM had displayed optimistic price action recently after the coin rallied close to 14% a little over 48 hours ago. The coin had managed to undo the loss of 21% that it incurred in the past week with its recent rally. Bearish sentiments are still present across the whole industry and altcoins have also walked […]
Funding Rates Fall To Yearly Lows Following Bitcoin’s Fall Below $29,000
Bitcoin has had a rough couple of weeks leading up to this moment and the effects of this are still being felt all across the board. This has seen bitcoin’s price crumble below $30,000 once more. Along with this fall has come some other brutal news for the digital asset. One of these has been […]
Blockchain Data Indicates $10M Worth Of Ether From The Ronin Exploit In Rotation
More than 5,505 Ether of the Ronin Bridge exploitation seems to be transferred through Tornado Cash, a unique privacy crypto exchange. Blockchain data showed that the address associated with the $625 million Ronin Bridge Attack had begun transferring ether tokens valued at over $10 million. This occurred during the Asian morning hours. The data showed […]
Bitcoin Bearish Signal: Whales Ramp Up Dumping
On-chain data shows the Bitcoin exchange whale ratio has started to sharply rise, a sign that these humongous holders may be beginning to dump. Whales Are Behind Almost 90% Of Bitcoin Exchange Inflows Right Now As pointed out by an analyst in a CryptoQuant post, whales may be ramping up dumping, a sign that could […]
Sneakmart Brings Its Web3-oriented Metakicks NFTs To Market In June 2022
Various Metaverse and NFT initiatives aim to blur the line between the virtual and physical worlds. Sneakmart and its Metakicks NFT drops offer something virtual for sneaker collectors, with a chance to win physical items. The team works together with StockX and top-rated football stars and artists to tokenize limited-edition footwear. Metakicks Are Coming This […]
LUNA Supply Nears 7 Trillion, Is $1 Still Possible?
The circulating supply of LUNA has continuously gone up since the UST debacle began. This has mainly been from people redeeming their staked UST for the digital asset, which caused its supply to rise drastically in such a short amount of time. In turn, the price of LUNA had declined to reflect the enormous amount […]