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Bitcoin Bearish Signal: Aged Supply Flows Into Binance

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On-chain data shows a significant amount of old Bitcoin supply has flowed into Binance today, something that could be bearish for the crypto’s price.

Bitcoin Supply 1-6 Months Old Has Been Deposited To Binance

As pointed out by an analyst in a CryptoQuant post, this aged supply is likely to be in profits and hence the deposits could have been done to sell it. The relevant indicator here is the “Spent Output Age Bands” (SOAB), which measures the total amount of Bitcoin that each age band in the market is moving currently.  Read more...

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One Of America’s Largest Hemp Processors Makes Entry Into Sustainable Bitcoin Mining

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A new direction towards sustainable energy projects has been led with an investment into a Costa Rican bitcoin mining operation.

Generation Hemp Inc., the largest mid-stream hemp processing entity in the U.S., has renamed itself Evergreen Sustainable Enterprises, Inc., citing a new directional focus on sustainable energy projects, with their first project involving a bitcoin mining operation in Costa Rica.   Read more...

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Even Without A Mining Subsidy, These Two Factors Will Protect Bitcoin Into The Future

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Many speculate that Bitcoin’s security will lapse with the end of the mining subsidy. But other factors will continue to incentivize miners.

This is an opinion editorial by Dillon Healy, a member of the institutional partnerships team at Bitcoin Magazine and The Bitcoin Conference.

A topic that has received increased attention lately is the concern around Bitcoin’s future “security budget.”  Read more...

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Brazilian President Has Finally Signed The Crypto Bill Into Law

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The President of Brazil, Jair Bolsonaro, has just signed the crypto regulation bill into law. This will ensure a regulated framework within which cryptocurrencies will operate. It now concludes the regulatory aspect that Brazil has been talking about for more than a year.

The bill was passed by the country’s Chamber of Deputies and the Senate. This is the legislative body that sent the bill to the president on November 29. With the President’s signature, this move will permit Bitcoin trading and payments in Brazil, among other developments that will follow.  Read more...

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Turning Garbage Into Digital Gold: The Rise Of Landfill Bitcoin Mining

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Powering bitcoin mining operations with landfill waste is the latest trend in sector growth as miners capitalize on wasted and stranded energy resources.

Powering bitcoin mining machines with literal garbage is an emerging trend within the mining sector as a crop of new companies focus on harnessing this abundant and otherwise wasted energy resource. Contrary to the prevalent political narrative that bitcoin mining destroys the planet, the efforts of these landfill miners demonstrate that nothing could be further from the truth.  Read more...

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Samuel Adams’ Vision For Revolution Fits Into A Bitcoin Economy

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The framing of the American Revolution can be adapted to Bitcoin for helping people understand the values of community support and mutual aid.

This is an opinion editorial by Frank Nuessle, previously a TV executive, university professor and publishing entrepreneur.

This is the second part of an essay that explores lessons to be learned from how Samuel Adams framed the American Revolution and how that same framing can speed the evolution of the vibrant American bitcoin economy that we all know is somewhere invisibly over the horizon. Part one can be found here.  Read more...

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Forget Politics, Stop Asking For Permission And Lean Into Bitcoin’s Utility Instead

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When one considers the state of the Union today, it doesn’t really seem like there is a viable path to affect change via the political process.

The below is a direct excerpt of Marty’s Bent Issue #1281: “Posture from a position of strength.” Sign up for the newsletter here.

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Binance’s BNB Chain To Be Integrated Into CBDC Of Kazakhstan

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Binance CEO Changpeng Zhao revealed that the BNB Chain will play a role in Republic of Kazakhstan’s central bank digital currency (CBDC). The central Asian country has been in the race for a CBDC since May 2021.

As the country’s central bank announced late last year, a decision on the feasibility of launching a CBDC is to be made by December 2022.

Via Twitter, “CZ” wrote that the Binance team is relentlessly pushing the global adoption of cryptocurrencies and met with the First Deputy Governor of the National Bank of Kazakhstan (NKB), Berik Sholpankulov, and the Head of the Payments and Technology Center, Binur Zhalenov, in recent weeks.  Read more...

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Fed Rate Hike: Huge ‘Wrecking Ball’ About To Slam Into Bitcoin, Other Crypto

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The U.S. Fed rate hike mission this year has dealt a heavy blow on Bitcoin, ethereum, other major cryptocurrencies.

According to economists, it is meant to drain the system of liquidity, with high-growth tech stocks and cryptocurrencies leading market losses.

The broader crypto market is mostly smothered in crimson, with top crypto Bitcoin (BTC) losing its grip on the critical $ 19,000 handle, and trading at $ 18,872, down 6.5% in the last seven days.

The price of Bitcoin, which is 70% lower than its all-time high from late 2021, has consistently failed to maintain its position above $ 20,000.  Read more...

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Death Of GPU Mining? Popular Crypto Profits Go Into Negative As Ethereum Miners Flood Market

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Mining profits of the PoW cryptos have gone into the negative following the Ethereum merge as ETH miners flood the hashrates of these other coins.

Mining Profits Of Popular Proof-Of-Work Cryptos Like Ethereum Classic Crater After The Merge

A couple of days ago, the much awaited ETH merge finally arrived and transitioned the network into a PoS-based consensus mechanism.

Since proof-of-stake chains don’t rely on miners for hashing blocks, every miner attached to Ethereum was left without the whole of their revenues.

Some of these miners have sold off their mining rigs in order to exit the market, while others have moved onto the remaining proof-of-work networks.  Read more...

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What Do We Know About The Crypto.com Expansion Into South Korea

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Crypto.com is one of the world’s fastest growing digital asset trading platform. It has recently spoken about its acquisitions in South Korea which would help in Crypto.com’s South Korea expansion plan.

The trading platform is of the belief that the collapse in the market can be reversed this year itself.

It has now secured its access to the crypto and payment sector in South Korea, thereby, strengthening the plans of the expansion in South Korea. This happened after the company acquired two companies.  Read more...

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Virginia Fairfax County Pours $70 Million Into Crypto Lending As Investment

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The crypto winter brought more devastating impacts on some crypto lending platforms. There was a lot of battling by most lending firms to evade liquidation. Their turbulent waves created distrust, loss of hope, and funds for many investors.

In the history of the crypto lending space, instability and quaking are connected to the collapse of the Terra ecosystem’s algorithmic stablecoin. This was closely followed by the fall of the LUNA token, which has metamorphosed recently to Luna Classic.  Read more...

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How Summer Is Turning Into A Short-Lived Altcoin Season

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Altcoin season is a phenomenon that excites investors in the crypto market. It often means a period of multiple gains as the altcoins see their valuations and prices grow rapidly. This usually comes after a bull run in the price of bitcoin, which is now the case with the current market. With summer coming into full bloom, altcoins seem to be having the time of their lives as performance has been outstanding all around.

Altcoin Run Up The Market  Read more...

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Crypto Collapse Pulls Celsius Network Down Into Bankruptcy

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Crypto lender Celsius Network, one of the biggest in the world, has filed for Chapter 11 bankruptcy protection, joining a string of crypto asset organizations that have restructured in response to a severe sell-off in cryptocurrencies this year.

The news is the latest high-profile crypto bankruptcy as crypto values collapse, making Celsius the latest victim of a $ 2 trillion meltdown that has crippled some of the sector’s most popular companies and left hundreds of thousands of individual investors losing significant amounts of money.

Suggested Reading | Bitcoin Will Reach ATH In Next 24 Months, Coinshares CSO Predicts  Read more...

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Bitcoin Bear Market Sends On-Chain Metrics Into Sideways Trend

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Data shows the Bitcoin bear environment has caused the market to become inactive as transaction fees continues to be extremely low.

Bitcoin On-Chain Activity Remains Low As Price Action Stays Stale

As per the latest weekly report from Arcane Research, the last week saw the lowest average daily transaction fees since April 2020.

The “transaction fees” is an amount that senders have to attach with their transactions whenever transferring on the Bitcoin blockchain.

This is one of the two sources of revenue for miners (the other being the fixed block rewards), and so, they usually handle transactions with the higher fee first.  Read more...

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FaceApp Thrusts User Privacy into Spotlight amid Russian Ties

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The “FaceApp” craze, in which users can use an application to see what they will look like when they are elderly, is experiencing a second wave of popularity. Yet privacy experts point out that FaceApp may just make it that much easier for your privacy to be invaded. Your Data Is Your Concern Nobody ever […]

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Dow Spins Tires as Timid Investors Plow Back Into Stocks

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The Dow struggled to assemble a fifth consecutive gain on Tuesday, even as timid investors raced back into equities just one week after triggering the largest domestic stock fund exodus in half a decade. Dow, S&P 500, and Nasdaq All Struggle Wall Street’s major indices were little changed during the morning session, placing the stock […]

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Ripple Shills Twist Into XRP-Shaped Pretzels to Spin Trump Bitcoin Tweets

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The importance of the government’s blessing for supposedly regulator-friendly cryptocurrencies like Ripple (XRP) and its horde of social media shills cannot be overstated. Donald Trump is not a fan of crypto. Point blank. That’s all there is to that. Donald Trump Alienates the Techno-Right A rift between the crypto community and the alt-right community who […]

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