Ethereum's transition from a system of deflation to inflation has seen a 0.178% rise over the last 17 days. This timeline has seen the network augment its total supply by 22,502 ether, equivalent to $35.31 million. Onchain Slump Leads to Ethereum's Inflation Upsurge Ethereum had previously adhered to a deflationary model, largely driven by the […]
Established cryptocurrency investors continue to absorb Bitcoin (BTC) at a rate of 50,000 coins per month, valued at $1.35 billion. This is according to the latest on-chain report by blockchain analytics firm, Glassnode. This demand surge is occurring as the broader digital asset market remains remarkably quiet, both on-chain and across exchanges. Bitcoin Long-Term 'Hodlers'
Allegations of financial misconduct at FTX have come to light, with former Alameda Research CEO Caroline Ellison detailing the alleged misuse of FTX client funds by its ex-CEO, Sam Bankman-Fried (SBF). This information emerged during the hearing in SBF's ongoing fraud case on Wednesday. The claims suggest SBF encouraged staff to exploit FTX client resources
Self-Directed Gold IRAs can be a fantastic way to invest in gold without dealing with the headaches associated with buying physical bullion. This kind of account allows investors to purchase gold straight from the federal government and then store it in their own name. Although many prefer the physical form of gold, it is not
The performance of key cryptocurrencies, Bitcoin and Ethereum, continues to fluctuate with Bitcoin (BTC) drifting under the $28,000 threshold and Ethereum grappling under the $1,700 mark. The impending Federal Open Market Committee (FOMC) minutes have heightened this uncertainty, warming traders for shifts based on the US economy's stance. Bitcoin Performance Bitcoin's performance continued to be
While the 4-year Bitcoin cycle is well-known, a larger, overarching 16-year cycle may be at play. This theory aligns with the human tendency to adopt new technologies in patterns and bears striking resemblance to another revolutionary technology – the internet. This article unpacks the hypothesis that Bitcoin is mirroring a 16-year cycle similar to the
Exploring the 16-Year Bitcoin Cycle: A Comparative Analysis with the Dot-com Bubble Read More »
On Tuesday, the cryptocurrency market experienced a mixed bag of outcomes, with Polygon experiencing a slump and Cosmos bouncing back. Polygon's value dropped for the fourth day in a row, hitting a ten-day low. In contrast, Cosmos showed signs of recovery from its mid-September lows. This article will delve into the performance of these two
Market Analysis: Polygon’s Downturn and Cosmos’ Resurgence Read More »
Bitcoin's hashrate recently reached an all-time high, marking a significant moment in the cryptocurrency's history. Just a week ago, Bitcoin miners faced a minor increase in difficulty at block height 810,432. However, the hashrate, measured by the seven-day simple moving average (SMA), soared to an impressive 440 exahash per second (EH/s) on October 8, setting
In a significant development on Monday, Shiba Inu took an unexpected turn south, plunging as much as 5%. This dip hinted at a bigger picture of cautious investor behavior, with the tide seemingly turning towards reliable reserves like gold. In the wake of this, Ripple's XRP also experienced a downtrend, reaching a three-week low. Shiba
Unsettling Tides: SHIB Plummets to a Four-Month Low Amid Crypto Market Uncertainty Read More »
Global market fluctuations were palpable on a particularly tense Monday as the four crucial U.S. indices veered off course. Such turbulence emerged as the animosity between Israel and Hamas intensified, transforming a diplomatic spat into an all-out war. This conflict sent shockwaves through the crypto economy, causing it to shrink by 1.8% against the U.S.