Bitcoin miners ‘near capitulation’ as profits dry up alongside BTC sell-off
CryptoQuant analysts say Bitcoin miners are showing signs of “capitulation” as profit margins tighten in the post-halving climate and BTC price falls close to $50,000.
Related Posts
22 More Crypto-Stealing Google Chrome Extensions Discovered
A security researcher discovered another 22 Google Chrome web browser extensions that tried to steal users’ cryptocurrencies. A security researcher has discovered another 22 Google Chrome web browser extensions built to steal their user’s cryptocurrencies.Cybersecurity news outlet, Naked Security, reported on May 8 that Harry Denley, a security researcher specializing in cryptocurrencies, discovered 22 more…
‘Final week of the bear rally’ — 5 things to know in Bitcoin this week
Bitcoin (BTC) enters a new week with a bang after sealing its highest weekly close since mid-June — can the good times continue?After a volatile weekend, BTC/USD managed to restrict losses into the later portion of the weekend to produce a solid green candle on weekly timeframes.In what could shape up to be the last…
Ethereum pares gains, Bitcoin pushed under $40K as Fed set to reveal tapering plans
Ether (ETH) and Bitcoin (BTC) pulled back on July 28 as investors awaited fresh guidance from the Federal Reserve.ETH price slipped by 0.57% to $2,857, while the BTC/USD prices were up 0.68%, changing hands at $39,739 at around 10:30 EST. Nonetheless, both the pairs reached their current levels following a downside correction from their respective…
Bitcoin UTXOs echoing March 2020 ‘black swan’ crash — New research
Bitcoin (BTC) is recovering from a “black swan” event last rivaled by the March 2020 COVID-19 crash, data suggests.In one of its Quicktake posts on Sep. 7, on-chain analytics platform CryptoQuant revealed a major spike in loss-making unspent transaction outputs (UTXOs).CryptoQuant: Bitcoin UTXOs in Loss "mirror" March 2020Bitcoin may be worrying market participants with current
Ethereum’s top 10 DApps hit 1M users this month
Ethereum-powered decentralized applications, or DApps, have attracted more than one million active users over the last 30 days according to analytics platform DappRadar. This milestone comes as interest in decentralized finance, commonly referred to as DeFi, received a second wind, with the number of users growing by 11% in the first 11 days of November. The…
No crypto ban in India: Finance Minister predicts “very calibrated” stance
No blanket ban on the horizon, with an open "window" for experimentation in India says Nirmala Sitharaman 3097 Total views 22 Total shares Yet another “crypto ban” turns out to be temporary FUD.In an interview with CNBC this morning, Indian Finance Minister Nirmala Sitharaman said that reports of a blanket ban on cryptocurrencies are overstated.…
The day the last withdrawal is locked
Imagine the feeling (maybe you’ve experienced this before): you’re a regular person, somewhat familiar with cryptocurrency. You’ve heard the phrase “Not your keys, not your crypto,” and sure, that makes sense for some of those sketchier exchanges, but this is Exchange Corp (let’s use this as a hypothetical example). Everybody trusts Exchange Corp. You saw…
Solana Spaces will close New York and Miami stores 7 months after opening
Solana Spaces will close down its two Solana (SOL)-themed, community-oriented retail stores in New York City and Miami at the end of the month, as the physical stores didn't onboard as many users as it initially anticipated.Solana Spaces tweeted the news on Feb. 21 sharing a note from its founder, Vibhu Norby, explaining the reasons…