[ad_1] On-chain data shows the Bitcoin mining revenue has neared its yearly average, a sign that capitulation could be coming to a close for miners. Bitcoin Miner Revenue Is Now Close To Its 365-Day SMA In a new post on X, analyst James Van Straten has discussed about how the situation of the BTC miners is looking like right now. There are different ways to gauge the condition of the miners, with a popular one being the hashrate, which is a measure of the total computing power connected to the Bitcoin network. Here, though, the analyst has made use of…
Author: dfrancis36
[ad_1] As excitement regarding the launch of the much-anticipated Ethereum Spot Exchange-Traded Funds (ETFs) brews, asset management company, Bitwise, in a groundbreaking move for the crypto industry is set to donate a portion of its profits from its ETH spot ETF to Ethereum open-source developers. This move by Bitwise demonstrates the broader understanding of the value of supporting open-source initiatives that encourage and develop blockchain technology. Bitwise’s Ethereum Spot ETF Profits Goes To Open Source Developers The asset management firm Bitwise disclosed its plans to support open-source developers with part of the profits, particularly 10% from its Ethereum spot ETF…
[ad_1] Crypto gaming is making a comeback with Immutable leading the charge. This led IMX, the native token of the platform, to give strong bullish signals, giving investors and traders a substantial 10% uptick since last week. Related Reading The move was supported by an increase in activity within the Immutable network itself, with more than enough game announcements since last week. Hype aside, Immutable is currently solidifying its position within the crypto gaming industry. Major News For The Crypto Gaming Industry Immutable’s platform for the crypto gaming industry has been proven effective. With an active roster of over 200+,…
[ad_1] There have been many discussions and opinions about how much the Spot Ethereum ETFs will affect the ETH price. Crypto analyst and trader Raman has also joined the conversation and revealed how these funds provide upside catalysts for Ethereum. How The Spot Ethereum ETFs Provide A Bullish Setup For ETH Price While alluding to the Spot Ethereum ETFs, Raman claimed in an X (formerly Twitter) post that the second half of this year will be the “most obvious bullish setup for the Ethereum ecosystem in recent history.” First, he stated that the Ethereum ETFs will unlock new capital into…
[ad_1] Crypto Analyst World of Charts has highlighted a bullish pattern that could send the Dogecoin (DOGE) price to new highs. The analyst predicted that the foremost meme coin could rise to $0.22 when this move occurs. How Dogecoin Will Rise To $0.22 World of Charts mentioned in an X (formerly Twitter) post that Dogecoin is approaching a falling wedge resistance. If it breaks out, the meme coin could enjoy a 66% price move and rise to $0.22, based on the chart he shared. Interestingly, the analyst added that Dogecoin could rise sharply to $0.30. Related Reading Source: X Dogecoin…
[ad_1] Bitcoin casinos have become hugely popular platforms for online gamblers to play a vast array of games, ranging from classics such as Blackjack and Roulette to a wide variety of Slots, all using digital currencies like Bitcoin. This article compares and reviews all of the leading Bitcoin casino platforms in 2024. We assess the best Bitcoin gaming sites based on various criteria, including Bonuses, Range of games, Security, Software providers, Payout processes, and many other key factors. Bc.game – Best Overall Casino And Community Jackbit – Best for Mobile Devices CryptoGames – Best Crypto Casino Games Variation CryptoLeo –…
[ad_1] Ethereum ETFs (exchange-traded funds) began trading on Tuesday, generating significant volume within the first 2 hours of trading. Interestingly, the Ethereum ETFs ranked among the top 1% regarding ETF volume. Related Reading Ethereum ETFs Surpass Traditional Launch Volumes According to Bloomberg ETF expert Eric Balchunas, the ETH ETFs traded $361 million in the first 90 minutes on launch day, surpassing the typical volume seen at the launch of traditional ETFs. Blachunas said: Here’s where we at after 90 minutes. $361m total. As a group that number would rank them about 15th overall in ETF volume (about what $TLT and…
[ad_1] A recent security breach at WazirX, resulting in a staggering $230 million loss, has sent shockwaves through India’s cryptocurrency ecosystem. This incident has led to intense scrutiny of current security practices and crucial discussions about safeguarding digital assets in an increasingly risky environment. Users are concerned about the ease with which fraudsters can manipulate exchanges.The incident ranks among the major hacks in the history of crypto exchanges and has left the crypto community pondering how easily fraudsters can manipulate crypto exchanges. One X user named Chandrashekhar wondered how “hackers can withdraw funds from the exchange, but legitimate exchange users…
[ad_1] SunnySide Digital (SunnySide) and Cryptech Solutions (Cryptech), two wholesale distributors and service providers for digital asset mining and HPC data center equipment, have joined forces to launch Synteq Digital (Synteq).Synteq Digital aims to meet the needs of the digital mining and HPC industries at scale by growing the reach of its digital hardware wholesaling business as well as rolling out new services.“We are very excited to create a new market participant by combining our respective teams, core values, and reputational cache to form Synteq,” Taras Kulyk, CEO of Synteq and founder and former CEO of SunnySide, said in a…
[ad_1] In a day marked by the launch of the long-anticipated spot Ethereum (ETH) Exchange-Traded Fund (ETF) in the United States, the market’s response has been unexpectedly subdued. Analysts from Singapore-based crypto asset trading firm QCP Capital have shed light on the reasons behind this muted reaction, blaming the situation on previous market behaviors and other news from the broader market. Why The Ethereum Price Is Not Skyrocketing In their investor note, QCP Capital points out that the market may be adhering to a “buy the hype, sell the news” pattern, similar to the US spot Bitcoin ETF launch scenario.…