Record whale accumulation precipitated latest all-time high Bitcoin breakout Bitcoin’s new all-time highs appear to have been triggered by a dramatic reduction in active supply over recent months. News Bitcoin investors appear to be increasingly sitting on their hands in hopes of higher prices, with the share of Bitcoin’s supply that has remained inactive for the past three months …
OpenSea extends NFT dominance with $10B cumulative volume
OpenSea extends NFT dominance with $10B cumulative volume Despite OpenSea’s massive lead in cumulative settlement volume, popular NFT game Axie Infinity ranks first by user base and total number of trades. News OpenSea has become the first nonfungible token (NFT) marketplace to process 11-figures worth of NFT trades. According to NFT data aggregator Dapp Radar, the pioneering marketplace has hosted …
Here Are the Five US Cities With the Most Crypto Hires in 2021, According to New Bloomberg Study
A new study is revealing the hottest cities in the US where companies have made the most crypto hires this year. The research, which was conducted by LinkedIn for Bloomberg, considers a crypto hire as any member of the online professional networking site who took a new job with titles that contain keywords such as “crypto,” “blockchain,” “Bitcoin,” “Ethereum” and …
Carbon neutral crypto spot ETFs to launch in Canada
Carbon neutral crypto spot ETFs to launch in Canada Purpose Investments will measure the carbon footprint associated with its portfolio and purchase carbon offsets accordingly. News Two carbon neutral cryptocurrency-backed exchange-traded funds are poised to launch in Canada offering a greener alternative for institutional investors. Canada-based asset manager Purpose Investments is readying to launch two new crypto-based ETFs on the …
New ATH renews faith in PlanB’s prediction of $98K BTC by December
New ATH renews faith in PlanB’s prediction of $98K BTC by December Will Bitcoin break above six figures before Christmas? PlanB’s Stock-to-Flow model suggests $100,000 BTC could be imminent. Bitcoin (BTC) has broken into new all-time highs, with the asset last changing hands in the mid $67,000-range. During the final hour of Nov. 8 UTC time, BTC pushed into uncharted …
Dogecoin Here To Stay, Says ‘Crypto King’ Barry Silbert – But There’s a Catch for Investors
Barry Silbert, the CEO of Digital Currency Group, says that he believes Dogecoin (DOGE) has staying power. Silbert, once dubbed as the “crypto king” by CNBC, tells his 522,000 followers in a new tweet that he looks forward to the evolution of the meme cryptocurrency. “I’m truly excited to see what DOGE can become over time. It certainly is not …
Bitcoin price bull run ‘starting to look like 2013’ after record red monthly candle
Long-term price forecasts based on stock-to-flow remain “intact,” said PlanB after last month’s record red candle. Bitcoin (BTC) may have just had its worst monthly candle in 10 years, but it could still surge to new all-time highs this year, said popular analyst PlanB. In a tweet on Tuesday, the creator of the stock-to-flow-based BTC price models said that Bitcoin …
Crypto exchange Korbit has launched South Korea’s first NFT marketplace
South Korean crypto exchange Korbit has launched a non-fungible token (NFT) marketplace, enabling NFT creators and investors in the region to participate in the NFT ecosystem. Korbit claims this will be the first NFT marketplace in South Korea. “The local NFT market is still in a fledgling stage, compared to global ones, and the Korbit platform will help create synergy …
Bitcoin and Ethereum usage fees drop 70–80% as market slide continues
Bitcoin and Ethereum usage fees drop 70%–80% as market slide continues Transaction fees are falling rapidly on Bitcoin and Ethereum as the coin prices of both recede from recent peaks. Transaction fees on Bitcoin and Ethereum have fallen by 81% and 71%, respectively, over the last few weeks as the broader cryptocurrency market continues to descend from its recent all-time …
Vitalik burns $6.7B of Shiba to reward generous hodlers
Vitalik Buterin has burned nearly half of Shiba’s supply in response to the “generosity” of the “dog token communities.” Ethereum co-founder Vitalik Buterin has burned nearly half of the supply of the popular Dogecoin (DOGE) clone Shiba Inu (SHIB). In a statement embedded into the transaction on Sunday, Buterin explained why he had decided to burn $6.7 billion worth of SHIB …