Bitcoin bear market bottoms follow this price appreciation trend After Bitcoin bear market bottoms, we tend to see a month of drastic price appreciation followed by a month or period of consolidation. As February draws to a close, Bitcoin is up 1%, after appreciating 40% in January 32 seconds ago Source…
The supply of wrapped Bitcoin (wBTC) dropped to its lowest since May 2021 after the second-largest single-day burn on Feb. 27. A total of 11,500 WBTC worth about $260 million linked to now-bankrupt crypto lender Celsius was burned, turning its growth rate to negative. The current total supply of the…
Ad Wei Zhou, the CEO of Coins.ph argued that hyper-tokenization is a much more viable scenario than hyper-Bitcoinization. Speaking to Kitco News, Zhou gave his take on how mass adoption will happen, stating that Bitcoin’s volatility counts against it as the primary driver of cryptocurrency adoption on a global scale.…
The crypto industry has been raising its lobbying efforts amid the crypto winter that began last year. In 2022, market participants spent $25.57 million on lobbying in the United States. This number appears in a study published by the Money Mongers on Feb. 23. The count is based on data from…
Ad The following is a guest post from Anndy Lian. SEC Chair Gary Gensler reiterated that Bitcoin is not a security but a commodity under the Commodity Futures Trading Commission (CFTC) purview. He also stated that “everything else other than bitcoin is a security,” which has significant implications for regulating cryptocurrencies…
Bitcoin (BTC) exchanges have less BTC to buy than at any time since early 2018, the latest data shows. On-chain analytics firm Glassnode confirms that as of February 2023, exchange reserves are at five-year lows. “Wild stat” shows Bitcoin supply maturation The latest statistics to reflect the determination of Bitcoin…
Ad Gamium Corp token (GMM) rose over 600% in the last 24 hours to a new all-time high of $0.00437 in the previous 24 hours, according to CryptoSlate’s data. The token’s value had retraced to $0.00299 at press time. The surge in price follows from the protocol scoring a collaboration…
The community supporting Illuvium, an interoperable blockchain game, has demonstrated the power of decentralized autonomous organizations (DAOs) after blocking a scheduled nonfungible token (NFT) pack-opening event between Illuvium CEO Kieran Warwick and Three Arrows Capital (3AC) founder Su Zhu. Warwick was scheduled to go against Zhu in what’s called an…
The Ethereum blockchain’s Sepolia testnet has undergone a successful upgrade that simulates the upcoming Shanghai hard fork expected to take place on mainnet in March. The “Shapella” upgrade, which combines the names of the upcoming Shanghai and Capella hard forks, was successfully implemented on the testnet on Feb. 28. Sepolia…
One of the original core developers behind Bitcoin (BTC), Luke Dashjr, has taken to social media to call out an auction site that has used his name and code without his consent to create and sell a “misleading” NFT. The core developer said he hasn’t been the first Bitcoin developer to…