Bitcoin has been having a hard time since it hit strong support at $38,500. It is now worth $36,924, which is 1.1% less than it was 24 hours ago. There was a strong retracement after the top coin’s current pullback started, after it reached a high point of $38,400 on Saturday. Bitcoin’s Surge Fueled By … Read more
Bitcoin mining is a “critical tool” for clean energy and balancing the grid, according to a new working paper penned by Bitcoin advocates and the former president of ERCOT, the operator of Texas’ electrical grid. The Nov. 22 paper titled “Leveraging Bitcoin Miners as Flexible Load Resources for Power System Stability and Efficiency” argued that … Read more
In a cryptic announcement that has caught the attention of the crypto Twitter community, a popular on-chain investigator has promised to reveal hidden truths behind certain blockchain and crypto activities in the space. On-chain Sleuth Promises To Reveal New ‘Truths’ About Crypto On-chain detective, Boring Sleuth has taken to X (formerly Twitter) to announce that … Read more
Crypto exchange Coinbase (COIN) shares have hit an 18-month high after rival exchange Binance and its former CEO Changpeng Zhao pleaded guilty to money laundering and sanctions violations in the United States. On Nov. 27, Coinbase closed at $119.77, its highest since May 5, 2022, when it closed at $114.25, according to TradingView data. It … Read more
The Shiba Inu community burn has marked a rather historic moment with the amount of tokens that have been burned in the last day. According to data from the burn tracking website Shibburn, the initiative may have just set a new record after the burn rate jumped 499,416%. Shiba Inu Burn Rate Sees Impressive Spike … Read more
Understanding Stablecoins Stablecoins are a type of cryptocurrency that aims to maintain a stable value by pegging it to another asset, such as a fiat currency, precious metal, or a basket of assets. Stablecoins have gained significant popularity in recent years due to their potential to address some of the limitations of traditional cryptocurrencies, such … Read more
Bitcoin (BTC) exchange-traded products (ETPs) registered $312 million in inflows for the week of Nov. 24, bringing year-to-date inflows to around $1.5 billion, according to CoinShares. The weekly inflows for all cryptocurrencies totaled $346 million, continuing a nine-week trend of positive net flows. New record of inflows with US$346m this week, the highest total observed in … Read more