CryptoQuant, an on-chain data analytics provider, has recently explored the changes to Bitcoin (BTC) over the last year. According to their findings, the BTC reserves on non-US-based exchanges have increased while the same number has declined in US-based exchanges. This hints at the possibility of institutional buyers accumulating the leading crypto asset by market cap.CryptoQuant […]
The United States Court of Appeals for the District of Columbia Circuit (DC Circuit) has ruled in favor of Grayscale in its dispute with the SEC over its Bitcoin ETF proposal. The SEC had previously denied Grayscale’s Bitcoin ETF based on the view that the proposal was not “designed to prevent fraudulent and manipulative acts […]
Shares Bot, a Telegram-bot crypto, has seen a rapid climb on the price charts and has increased by 248% in the last 13 hours. This increase is paired with a high RSI, edging above the oversold zone, and a positive Moving Average Convergence/Divergence. All indicators say that the bullishness around this token is high.Shares Bot […]
Blur, the NFT market’s new darling, has seen its native token, BLUR, fail to capture the bulls’ imagination. The token has dropped 85% from its record high of $1.40 in February 2023, and may decline further in the year due to a slew of negative catalysts. These include an increase in BLUR token transfers to […]
Bitcoin’s mining difficulty has reached a new peak as the cryptocurrency hovers around the $26,000 price level. According to the latest edition of the weekly report from crypto exchange Bitfinex, the mining difficulty hit an all-time high of 55.62 trillion hashes.The mining difficulty is a metric representing the challenge of validating a new block. High […]
Bitcoin (BTC) is currently trading around $26,060, offering investors a rare chance to buy at a support zone with a “100% long hit rate,” according to crypto asset manager Capriole Investments. The firm suggests watching for a BTC price dip to $24,000.Capriole’s founder Charles Edwards is “very confident” in the $23,000 BTC price support. This […]
Canaan Inc. (NASDAQ: CAN), one of the leading Bitcoin mining companies, has reported its unaudited financial results for Q2, 2023. The company saw its total revenue rise to $73.9 million, a 33.7% increase compared to Q1, 2023. Revenue from BTC mining also jumped 43.3% quarter-on-quarter, from $11.1 million to $15.9 million.Canaan CEO Nangeng Zhang commented […]
Canaan, a Bitcoin (BTC) miner, reported a loss in its second-quarter financial report despite increasing mining revenue and computing power. The miner generated a total revenue of $73.9 million, while its “cost of revenues” were $143.9 million, resulting in a gross loss of $70.1 million. The firm had recorded a gross loss of $47.5 million […]
The Hedera blockchain network is a decentralized, open-source public ledger that is revolutionizing the blockchain industry. It utilizes the hashgraph consensus algorithm to solve key issues facing blockchain users, such as speedy transactions and low fees. Hedera is capable of processing up to 10,000 Transactions Per Second (TPS) and has seen adoption rise, with more […]
The Shiba Inu (SHIB) token has experienced a 1% decline in value over the past 24 hours, disappointing holders who were expecting a surge in price after the launch of Shibarium. Over the past weeks, the team behind Shiba Inu has taken steps to reintroduce the Shibarium layer 2 network to the public, but the […]
