Bitcoin miners see worst revenues in 11 months as difficulty climbs

Increased stablecoin usage could be a sign of growing crypto adoption for a maturing industry.

The price of Bitcoin (BTC) has been bouncing in the range between $8,600 and $10,000 for the past two months. BTC has shown little volatility since May, following a critical rejection at $10,440. However, five major fundamental factors still point toward a prolonged uptrend by 2021.According to data from Skew, the 10-day realized volatility of…

The coming Eth2 Proof-of-Stake chain merge now has an Ethereum Improvement Proposal. 212 Total views 3 Total shares A formal Ethereum Improvement Proposal has been created for the network’s forthcoming chain merge, bringing Ethereum one step closer to realizing its highly anticipated Proof-of-Stake (PoS) transition.On July 22, ConsenSys researcher Mikhail Kalinin created a pull-request for…

The cryptocurrency market experienced a dull month with Bitcoin (BTC) dropping 7.37%, its worst performance since November 2022 and Ethereum (ETH) losing 0.22% in May. The average loss across the market stands at 5.62% on the last day before the monthly close. However, some outliers posted impressive gains thanks to popular investment narratives and the growth…

Recent data from crypto data site Coin Metrics shows USDT tokens change locations every eight days on average. “The trailing 12 month velocity of @Tether_to on Omni, Ethereum and Tron has rapidly and consistently increased since September and currently sits at ATHs, where on average each $USDT turns over 46 times per year,” Coin Metrics posted on its…

United States crypto exchange Bittrex has cancelled its first token sale, dubbed an Initial Exchange Offering (IEO), which it had been planning to host on its Malta-based counterpart, Bittrex International. The news was announced in an official statement published on March 14.Earlier this week, Bittrex International had announced plans to host the IEO today, March…

Crypto taxation in South Korea could increase to 20% for capital gains. 793 Total views 17 Total shares South Korean private sector members recently discussed a crypto-related taxation bill meant to establish capital gains tax for cryptocurrencies. During these discussions on July 13, members indicated crypto gains taxes could rise as high as 20%.Cryptocurrencies could…

The platform comes as a part of the plan to shift the regulatory oversight from the commodities agency to the securities authority. 296 Total views 10 Total shares Ho-ho-ho! Get Limited Holiday Trait!Collect this article as an NFTAs a part of its reform of crypto regulation, Indonesia will create a crypto exchange in 2023, according…

Bitcoin futures and options indicators remain stable even after BTC price swiftly rejected off the $63,500 level.