Crypto News
Insights: Profitable Bitcoin Supply Nears Cycle Peak, Potentially Preceding Market Correction
Insights: Profitable Bitcoin Supply Nears Cycle Peak, Potentially Preceding Market Correction Quick Take Analyzing the supply dynamics of Bitcoin reveals a telling story of profit and loss convergence, a significant indicator of market fluctuations. Of the approximately 19.3 million Bitcoin in circulation, an estimated 17.3 million are in profit, leaving 1.9 million at a loss….
Bitcoin Futures on the Decline: CME’s Open Interest Drops as 2020 Comes to a Close
The Chicago Mercantile Exchange Bitcoin Futures Open Interest Falls as Year-End Approaches Quick Take From mid-October, the Chicago Mercantile Exchange (CME) has maintained its position as the premier exchange for Bitcoin futures, augmenting its Open Interest by approximately 45,000 BTC through the end of November. However, this shift was marked by approximately 20,000 Bitcoin contracts…
Unlocking the Potential of Cryptocurrencies: Insights from CFTC Chairman on their Status as Commodities Amid SEC Challenges
The Chairman of the U.S. Commodity Futures Trading Commission (CFTC) has recently reiterated a crucial stance. Amidst ongoing debates and a noticeable struggle between different regulatory bodies, the chairman has firmly stated again that most cryptocurrencies are considered commodities according to the current legal framework. Crypto Tokens as Commodities: CFTC Chief’s Stand During Ongoing Regulatory…
Unleashing the Next Bull Market: A Comparison of Litecoin, Polkadot, and VC Spectra – Who Will Take the Lead?
Litecoin vs. Polkadot vs. VC Spectra: Who Will Lead the Next Bull Market? Coinpedia Fintech News Despite the Litecoin (LTC) halving event in August, its current market sentiment remains bearish, prompting investors to consider what crypto to invest in. Similarly, Polkadot (DOT) is experiencing a loss of the bullish momentum it gained in the past…
Breaking News: OKX DEX Falls Victim to Hackers – What Happens to Customer Funds?
Breaking News: OKX DEX Falls Victim to Hackers – What Happens to Customer Funds? Introduction Recently, blockchain security company SlowMist revealed that OKX DEX, a decentralized exchange aggregator platform, was targeted by hackers. The hackers managed to steal cryptocurrency worth over $400,000 from the platform. This breach has raised concerns about the safety of customer…
Unlocking the Potential: AVAX Projected to Triple in Value in December, with Presale Offering Potential 10x Returns
Unlocking the Potential: AVAX Projected to Triple in Value in December, with Presale Offering Potential 10x Returns Introduction Over the last two months, Avalanche ($AVAX) has been one of the best cryptocurrencies to invest in, gaining more than 300%. However, analysts believe the gains could continue into December, with $AVAX projected to further increase by…
Uncovering the Future of Bitcoin Mining: Inscriptions and Transaction Fees Projected to Generate $500M in Revenue by 2023
Bitcoin miner revenue reshaped by Inscriptions, transaction fees hit $500M in 2023 An analysis of Bitcoin transaction fees Over the past three years, there has been a noticeable shift in the dynamics of Bitcoin transaction fees. With miners relying more on transaction fees as block rewards decrease, the landscape of revenue generation in the industry…
Unlocking the True Value of Bitcoin: Why Experts Believe it Could Reach $36,000
Bitcoin Undergoing Period of Consolidation and Profit-Taking The Current State of Bitcoin Bitcoin seems to be undergoing a period of consolidation and profit-taking after eight weeks of phenomenal price growth. The world’s largest crypto has had incredible growth this year, with a special surge starting in the middle of October. However, after hitting a yearly…