Fri, October 16

A Crypto Exchange & a Russian: Third and Fifth Largest BTC Holders

In a recent report published by Arkham Intelligence revealed that the popular investing and trading platform Robinhood (HOOD) has amassed a significant bitcoin (BTC) holding amounting to over $3 billion. This substantial sum of Bitcoin, stored in a single wallet, has been accumulated over the course of several months. Robinhood’s

August 29, 2023 2 mins read

Bitcoin Miners Struggle as Profit per Terahash Reaches Record Lows

The “hash price” of Bitcoin mining, which is the amount of money miner’s make per terahashes per second, has fallen to levels not seen since the FTX crash of November 2022, despite the fact that the hash rate has hit all-time highs. On August 18, the Bitcoin network’s hash rate

August 28, 2023 1 min read

Hashdex Files Spot Bitcoin ETF Application With the U.S SEC

Hashdex, a cryptocurrency asset manager, has joined the U.S. spot Bitcoin ETF contest. A proposal to include spot Bitcoin in the Bitcoin futures ETF was submitted to the U.S. SEC by the crypto asset manager. Surprisingly, Hashdex will not use the Coinbase surveillance sharing agreement like other recently filed Bitcoin ETFs,

August 26, 2023 1 min read

Bitcoin (BTC) Struggles to Maintain its Price Above $26K Mark

Bitcoin (BTC), the world’s largest cryptocurrency, has shown strong bearish momentum over the past few weeks. Moreover, BTC is struggling to maintain its position around the $26,000 mark. While investors are expecting BTC to surge, it dropped below $26K. On the other hand, Bitcoin has experienced the highest address activity

August 26, 2023 2 mins read

Fed Chair Jerome Powell Hints at Potential Interest Rate Hike

In order to bring inflation down, U.S Fed Chair Jerome Powell has suggested that weaker labor markets are necessary. He issued a stern warning that the US Federal Reserve is ready to implement more interest rate hikes if they become necessary. Powell said that the Fed plans to keep interest

August 25, 2023 1 min read

Potential Cryptocurrencies to HODL in Q4 2023

In the midst of the highly unpredictable and volatile crypto market since the start of 2023, certain cryptocurrencies have managed to maintain their stability and some marked new lows. Despite the extreme fluctuations and declines, key players like Bitcoin (BTC) and Ethereum (ETH) attempted to exhibit enduring strength. Notably, the

August 25, 2023 6 mins read

Bitcoin Price Fails To Reverse Downtrend; Further Decline Likely?

Bitcoin (BTC) price failed to sustain the bullish momentum after the price spiked on August 23, and is now trading around the $26,000 mark. Despite the ongoing bear assault, on-chain data is showing signs of improvement for traders. The data shows that Bitcoin supply on cryptocurrency exchanges has hit a

August 25, 2023 2 mins read

Bitcoin Experiences Highest Wallet Activity in Past 30 Days

The crypto market has experienced a massive downtrend over the past few weeks. The top cryptocurrencies in the crypto market have shown strong bearish momentum. On the other hand, according to the Santiment data, several cryptocurrencies have witnessed the highest level of address activity. 📈🧐 The top 10 assets by

August 25, 2023 2 mins read

Bitcoin Fails to Recover. More Crash to Come?

The crypto market is currently locked in a fierce struggle against dominant bears, showing a glimmer of hope as the market capitalization rises by 1.82%, reaching $1.07 T. Bitcoin and Ethereum, the major coins, have made strides, surging by 1.70% and 2.59% respectively in the last 24 hours. However, these

August 24, 2023 2 mins read

Bitcoin Network’s Hash Rate and Difficulty Reach New Highs

The underlying Bitcoin network is not looking to follow the negative BTC price behavior. New records have been set for both difficulty and hash rate, as verified by the most recent on-chain statistics. Bitcoin miners seem to be unfazed by the recent price decrease of 10%. On August 22nd, the

August 23, 2023 1 min read