Tag: Cryptoslate
Blockchain
Bitcoin market absorbs 1 million BTC in 5 months
Quick Take While Bitcoin currently trades approximately 20% below its all-time high, the more compelling narrative unfolds within the dynamic flow of coins between short-term holders (STHs) and
Blockchain
McHenry slams Gensler for misleading Congress about Ethereum’s classification
House Financial Services Committee Chairman Patrick McHenry has accused SEC Chair Gary Gensler of misleading Congress concerning the classification of Ethereum during his testimony in April 2023 The
Blockchain
Expert fears resurgence of ‘environmental narrative’ as US coal miner generates $30 million by mining Bitcoin
Alliance Resource Partners (ARLP), a US-based coal mining company, said it has successfully mined 425 Bitcoin worth $30 million by harnessing excess energy from its facilities, according to its
Blockchain
Bitcoin retraces back to critical monthly all-time high support level from 2021
Bitcoin will close April down this evening following a drawdown of roughly 15% since the start of the month The close of the monthly candle will mark the end of seven successive green candles and the
Blockchain
15% decline in MSTR share price amid non-adoption of new FASB Bitcoin standards
Quick Take MicroStrategy, the business intelligence firm, has further solidified its position as a Bitcoin corporate treasury, holding approximately 1% of the total Bitcoin supply During the first
Blockchain
US Bitcoin ETFs record fourth consecutive trading day of outflows
Quick Take According to the latest data from Farside Investors, April 29 saw an outflow of $516 million from US Bitcoin ETFs, marking the fourth consecutive trading day of outflows While this figure
Blockchain
Monero hits eight-year low against Bitcoin as regulatory pressures mount
Monero’s XMR token has fallen to its lowest point against Bitcoin in the last eight years amid regulatory pressure on privacy-focused blockchain networks According to CoinMarketCap data, the
Blockchain
Ripple teams up with HashKey DX on blockchain-based supply chain finance in Japan
Crypto firm Ripple is expanding its XRP Ledger (XRPL) enterprise solutions to Japan through a strategic collaboration with HashKey DX, the Tokyo-based specialized consulting company of the HashKey
Blockchain
Cross-chain universal app states could reduce EVM development by 90% – Skate CEO
Siddharth Lalwani is on a mission to redefine the blockchain ecosystem with Skate, a universal application layer integrated with EigenLayer that enables apps to run seamlessly across thousands of
Blockchain
Hong Kong’s Bitcoin and Ethereum ETFs launch with lower than expected trading volumes
Hong Kong’s debut of Bitcoin and Ethereum exchange-traded funds (ETFs) commenced with modest trading volumes, tallying up to 8758 million HKD, equivalent to $1119 million, based on Hong Kong
Blockchain
Amboss CEO highlights Lightning Network’s role in enabling efficient Bitcoin transactions
The Lightning Network, a layer-2 solution for Bitcoin, has been touted as a game-changer for the world’s largest digital asset, enabling faster and cheaper transactions However, despite its
Blockchain
Bitcoin’s 2024 cohort sees over 10% profit, indicating a strong market support level
Quick Take Analyzing average prices at which Bitcoin was withdrawn from major digital asset exchanges using Glassnode data offers valuable insights into the market’s cost basis According to
