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Can Bitcoin whale deposits to exchanges actually predict BTC price?
Traders are increasingly checking on-chain data to "predict" both the short-term and long-term price trend of Bitcoin (BTC) using such platforms as CryptoQuant, Glassnode and WhaleAlert. Particularly, data points such as Bitcoin exchange inflows and outflows and stablecoin inflows are actively used by traders to anticipate where BTC may go next. 499 #BTC (29,979,163 USD) transferred…
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Analysts: Despite Crypto Mining Decline, Nvidia Will See Increased Revenue This Quarter
Analysts polled by FactSet suggest that Nvidia will see increased revenue this quarter despite “waning” cryptocurrency mining, Marketwatch reported August 10. The purported increase is due to strong demand for gaming devices and data-centers. While analysts suggest that the company’s revenue from crypto mining hardware will decline, the U.S.-based graphic processing units (GPU) manufacturer will…
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USDC whale holdings percentage lowest in almost two years
USDC tokens held by the largest addresses have dropped to a two-year low as Circle freezes Tornado Cash-related assets. 79 Total views 7 Total shares The percentage of USD Circle (USDC) stablecoins held by major wallet addresses dropped to its lowest point in almost two years as the cryptocurrency market downturn continues.Cryptocurrency analytics firm Glassnode…
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US prosecutors will search Do Kwon’s Twitter account for information
As part of discovery proceedings, prosecutors said they would search the Terraform Labs co-founder’s emails and Twitter account.
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Another mainstream company is seeking approval to invest in crypto
Anthony Scaramucci's investment firm, SkyBridge, seeks approval from the SEC to invest in crypto. 1771 Total views 16 Total shares Investment firm SkyBridge, founded by former Goldman Sachs' vice president Anthony Scaramucci, is one of the latest companies looking to invest in cryptocurrency.The company is putting together a hedge fund that includes Bitcoin (BTC) investment,…
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Canadian Blockchain Company Signs Contract with Seoul Ministry of Transportation
Canadian tech firm Graph Blockchain Inc. has partnered with the Ministry of Transportation in Seoul, South Korea, to run a pilot program for blockchain-based traffic data storage, according to a news release on June 24.Graph Blockchain reportedly signed a contract for around $55,000 CAD, or approximately $41,695 at press time, to run this pilot program…
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Price analysis 9/15: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC
Bitcoin (BTC) has been stuck inside a large range since April, indicating indecision about the next directional move. Efforts by the bears to sink the price below the support of the range were thwarted by the bulls on Sep. 11. However, Bitcoin is not out of the woods yet. Jamie Coutts, a chartered market technician and
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Polkadot parachains spike after the launch of a $250M aUSD stablecoin fund
Crypto prices have been exploring new lows for weeks and currently it's unclear what it will take to reverse the trend. Despite the downtrend, cryptocurrencies within the Polkadot (DOT) ecosystem began to rally on May 24 and have managed to maintain gains ranging from 10% to 25%, a possible sign that certain sub-sectors of the…