04-JAN-2021

3 weeks ago

Bitcoin’s Rally to $30,000 Featured on Front Page of Financial Times – via U.TODAY
The 132-year-old Financial Times, one of the biggest international business newspapers in the world, has featured Bitcoin’s ascent to $30,000 on its front page. This comes right after the 12th anniversary of cryptocurrency’s genesis block that includes the iconic The Times headline about bank bailouts during the global financial crisis in early 2009.

3 weeks ago

$70 Billion Evaporated in 2 Hours As ETH Plunged From $1170 To $900 – via CryptoPotato
The total cryptocurrency market cap is down $70 billion in less than two hours following a massive correction across the board. It’s perhaps safe to say that the past two hours have been some of the craziest on the cryptocurrency market for the past few years. The total cryptocurrency market cap surged to more than $900 billion, only to lose around $70 billion in an instant.

3 weeks ago

Bitcoin Price Crashes by $5,000 as Asian Whales Start Selling, Would US Market Follow the Suit? – via CoinGape
Bitcoin price finally showed signs of market correction as its price crashed by over $5,000 to record a 24-hour low of $28,286. The selling pressure was mounting on the top cryptocurrency as it defied many odds to continue its rally above $34,000 initiating on Christmas eve. Many believe the current market correction was triggered by Asian whales who were seen selling in bulk as Bitcoin was selling for a premium on several exchanges in South Korea.

3 weeks ago

Stuck on Uniswap: Average Ethereum Transaction Fees Spike Above $10 – via CryptoPotato
While ETH’s price went on a wild ride in the past 24 hours, the average fees on the network have spiked to above $10 for the first time in four months. ETH’s price is not the only Ethereum metric rising in the past few days as the transaction fees on the network have skyrocketed to an average price of above $10. The popular decentralized exchange Uniswap still accounts for the largest share with over 30,000 ETH spent in the past 30 days.

3 weeks ago

How many Bitcoin does its inventor Satoshi Nakamoto still own? – via Decrypt
In the first seven months of Bitcoin’s existence, Bitcoin creator Satoshi Nakamoto mined as many as 1.1 million Bitcoin. This fortune, now worth in excess of $30 billion, remains untouched to this day. Numerous individuals have been put forward as the enigmatic Satoshi, but his identity has yet to be definitively proven.

3 weeks ago

Key Indicators For The 2021 Alt Season Start – via CRYPTOTICKER
Ethereum price was close to hitting $1,000 today, which is definitely the first indicator that the alt season might be coming soon. However, we need more than just one random pump on Ethereum, investors want to see a sustained move and Ethereum outperforming Bitcoin first. The alt season is characterized by altcoins exploding in price. The last alt season that started around November 2017 was massive. The total market capitalization at the time excluding Bitcoin was around $70 billion and exploded to $542 billion at its peak in January 2018.

3 weeks ago

There’s Now $10 Billion in Unsettled Bets on Bitcoin’s Future Price – via Decrypt
Open interest on Bitcoin futures has hit $10 billion, its highest ever, according to data from Skew Analytics. That means that there’s $10 billion worth of bets on the future price of Bitcoin. Coinciding with the record is a bumper weekend for Bitcoin’s price, which shot past $30,000 yesterday to reach its all-time high price of $34,608.

3 weeks ago

Lost Bitcoin: 3.7 million Bitcoin are probably gone forever – via Decrypt
Although more than 18.5 million BTC have been minted, some of these Bitcoin are inaccessible, reducing the circulating supply. Bitcoin can be lost, burned, or just plain forgotten, removing these coins from circulation. Current estimates suggest that around 20% of the current Bitcoin supply might be permanently lost.

3 weeks ago

So Bullish: Russell Okung Becomes First NFL Player To Receive Salary In Bitcoin – via ZyCrypto
After almost two years of persisting request, popular American football offensive tackle for the Carolina Panthers in the National Football League (NFL), Russell Okung has finally received half of his $13 million worth of salary in Bitcoin. Okung is recognized for his unwavering stance and confidence in Bitcoin. Over the years, he has been a steadfast advocate for Bitcoin. Due to Okung’s commitment to boost the adoption of cryptocurrencies, he has been consistently pleading to receive his payment in crypto since May 2019.

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