[ad_1] The Bitcoin open interest has been a subject of debate over the past week, with various on-chain platforms revealing its recent record-breaking surge. However, investment analytics firm Alphractal disputed that the open interest in BTC had reached a new all-time high. Interestingly, a prominent crypto analytics platform has put forward new data on the Bitcoin open interest, disclosing that this indicator indeed forged a record high over the past week. Here is its potential implication on the price of BTC. Are Bitcoin Traders Taking More Risk? In a new post on the X platform, Glassnode revealed that open interest…
Author: dfrancis36
[ad_1] The decentralized oracle network Chainlink (LINK) is once again the top-ranked ERC-20 project in terms of recent development activity, according to the crypto analytics platform Santiment. Santiment notes on the social media platform X that Chainlink registered 649.03 notable GitHub events in the past 30 days, nearly double the number of the second-ranked project, Ethereum (ETH), which clocked 342.2. The decentralized oracle project also topped the list in June, July and September. The web3 project Status (SNT) ranked third in the past 30 days, registering 270.57 events. Status aims to offer users a secure messaging app, crypto wallet and…
[ad_1] Este artículo también está disponible en español. Analysts said that Bitcoin prices could drop slightly in the short term as whale accumulation reached a new record high. Whale’s Bitcoin holdings have reached 670,000 BTC, the largest accumulation of the digital currency in history. Related Reading Impact Of Whale Accumulation Crypto analysts said that one of the positive impacts of whales buying large volumes of Bitcoin is it helps stabilize the market. As a result, the crypto’s price could go down a little bit or become more stable. Reducing the volume of Bitcoin in the market could possibly make prices…
[ad_1] Este artículo también está disponible en español. Bitcoin has had a volatile week, with its price fluctuating between a local high of $69,500 and a low of $65,000. Following weeks of strong bullish momentum, the market has now cooled, and BTC is consolidating just below the crucial $70,000 level. This key threshold is seen as a trigger for intensified buying pressure if Bitcoin manages to break above it. Related Reading According to CryptoQuant data, there’s still room for further growth, as short-term holder (STH) coins are trading at a 6.2% net asset value (NAV) premium. This premium is often…
[ad_1] The Bitcoin and Ethereum price have crashed in the last 24 hours, dropping below $67,000 and $2,500, respectively. This price crash came following news about the alleged investigation into the USDT issuer Tether. Meanwhile, Israel’s attack on Iran was also a contributory factor. Why The Bitcoin And Ethereum Price Crashed The Bitcoin and Ethereum price crashed below $67,000 and $2,500 following the Wall Street Journal’s report that the US Department of Justice (DOJ) had launched an investigation into the crypto firm Tether. US federal investigations are allegedly investigating the stablecoin issuer for possible violations of sanctions and anti-money laundering…
[ad_1] Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the…
[ad_1] On-chain data shows the Bitcoin Realized Cap has set a new all-time high (ATH) recently as the market has witnessed sharp capital inflows. Bitcoin Realized Cap Has Just Set A New Record According to data from the on-chain analytics firm Glassnode, the capital inflows into Bitcoin have accelerated recently based on the trend in the cryptocurrency’s Realized Cap. The “Realized Cap” here refers to an on-chain capitalization model for BTC that calculates the asset’s total value by assuming that the ‘real’ value of each coin in circulation is the price at which it was last transacted on the network.…
[ad_1] Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and…
[ad_1] South Korean authorities announced their plan to fully regulate cross-border crypto transactions by the end of 2025 to combat a “blind spot” enabling tax evasion by foreign exchanges. Koran Authorities To Regulate Cross-Border Crypto Transactions According to local news media outlet Edaily, South Korea’s Deputy Prime Minister (DPM) Choi Sang-mok shared the country’s plan to regulate cross-border crypto transactions at a Group of 20 (G20) meeting in Washington. Choi revealed that the Korean government plans to create a legal basis for authorities overseeing foreign exchanges to monitor these transactions and share them with the pertinent financial authorities. Starting next…
[ad_1] Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the…