Day: May 13, 2020

Many Ether Whales Might Be Leaving for Bitcoin: Data

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While etherโ€™s (ETH) price has risen by nearly 50% this year, the number of addresses holding large amounts of the currency, popularly known as whales, has declined significantly.ย  The seven-day average of the number of unique addresses holding 10,000 ethers or more fell to 1,050 on Tuesday. That’s the lowest level since January 2019, according to data provided by the blockchain intelligence firm Glassnode.ย  The whale addresses are down nearly 6% from the December high of 1,115. The metric represents externally owned accounts, or the ones controlled by private keys,…

As the Old Dai Shuts Down, Maker Must Deal With Centralized Collateral Risk

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The original MakerDAO (MKR) protocol shut down on May 12 at 4 PM UTC after an expedited shutdown procedure was initiated as a result of the Black Thursday events. With Single Collateral DAI, or Sai, only Ethereum (ETH) was usable as collateral for the lending platform. The upgrade to Multi Collateral DAI, which was launched in November, required a complete replacement of all previously launched smart contracts. While Basic Attention Token (BAT) was added as an option, ETH was still the primary collateral choice. Migration from the old Maker was…

Ether (ETH) Held by Bitfinex Exceeds Entire DeFi Market; Bitcoin Holdings Plunge by Half

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Major crypto exchange Bitfinex, while experiencing a sharp plunge in BTC balance since mid-March, is now holding more ETH than the total value locked (TVL) in the decentralized finance (DeFi) market.ย  Bitfinex Ethereum Balance Crosses 4 Million Tweeting on Tuesday, May 12, 2020, Elias Samos, Senior Research Analyst for digital assets platform Decentral Park, said that ETH holdings on Bitfinex rose from about 2Mย  to 4M in two months. Detailing the growth in Bitfinexโ€™s Ethereum balance, Simos tweeted: There is now more $ETH locked in @bitfinex than in the whole…

Mining-up Live Bitcoin Mining | Stay Home | Earn Money Free Bitcoin | Free Bitcoin Site 2020

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$200M Worth of BTC Removed From Exchanges Post-Halving

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Following Bitcoinโ€™s third block halving on May 11, users removed 23,540 Bitcoins (BTC) from online exchanges. This appears to indicate heightened levels of confidence in the asset. It also continues the recent trend of users moving their coins to wallets they control, and away from major centralized exchanges. In the two months since Black Thursday, the number of BTCs in exchange wallets has dropped from 2,634,574 to 2,332,524. Bitcoin Net Exchange Flow versus Bitcoin Exchange Balances. Source: Glassnode. User behavior One might make a logical assumption that users withdrawing funds…

Bitcoin Halving 2020 (Bitcoin Price) BTC Hitting $10,000 "Cryptocurrency"

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โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Bitcoin price $10,000. Top investment May 2020 Bitcoin $10000 #Bitcoin #Crypto #Altcoins Follow me : โ–บ Twitter! โ–บ Patreon = โ–บ Twitch! *********************************************************************** -SUPPORT THE CHANNEL : Support The Channel Here ๐Ÿ‘‡ โ–บ My Cryptocurrency Address To Donate Via Crpyo : – BTC: 1BwyAG1WmJHMwbzbG3AkEG26kv6p1NpcUx – LTC: LPos1uPAefopqmhKz5a5TGm9a7CYbP5yz7 โ–บPatreon = โ–บ Twitch = โ–บ PayPal Donation = paypal.me/AverageTuber โ–บ DONATE for ON SCREEN SHOUTOUT! Support us on Patreon here ๐Ÿ‘‡ โ–บPatreon = *********************************************************************** EXTRA TAGS: bitcoin,cryptocurrency,crypto,altcoin,altcoin daily,blockchain,altcoindaily,decentralized,news,best investment,top altcoins,ripple,ethereum,electroneum,tron,stellar,binance,litecoin,2019,2020,crash,bull run,bottom,Bob Loukas,2021,proof,evidence,down,rally,four,year,cycle,market,market cycle,week,technical analysis,prediction,breaking,explode,why…

Bitcoin Price Chart Fractal Seen in 2019 Hints at $14K Within Months

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Bitcoin (BTC) price is portraying a similar trend seen in April 2019, when BTC surged from $5,000s to $14,000 within two months. Based on the similarity of the price action, there is a possibility that the top-ranked cryptocurrency by market capitalization could gear towards a new local peak in the second half of 2020. After a price drop right before the halving to $8,200 on May 11, BTC recovered swiftly to over $9,100 within a 48-hour span. It indicates the strength of the current momentum of BTC. Fractals are typically…

BITCOIN: BIG NEWS!! MILLIONS of Investors BRAND NEW ACCESS to BTC! $3.8k FIRST?!

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2 Days After the Bitcoin Halving: Network โ€˜Remains Strong,โ€™ Higher Fees, Bullish Sentiment

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On May 11, 2020, the Bitcoin network completed itโ€™s third block reward halving and the network seems to be chugging along just fine. However, it may take a while longer to see the halvingโ€™s effect on the mining industry and right now bitcoin transaction fees have risen exponentially. Despite the rising fees, the research firm Glassnode explains that the Bitcoin blockchainโ€™s health โ€œremains strongโ€ after the reward reduction. Despite the Rise in Bitcoin Transaction Fees, Glassnode Report Says Overall Network Health remains strong The Bitcoin (BTC) network has halved its…

2 Days After the Bitcoin Halving: Network ‘Remains Strong,’ Higher Fees, Bullish Sentiment

boss

On May 11, 2020, the Bitcoin network completed itโ€™s third block reward halving and the network seems to be chugging along just fine. However, it may take a while longer to see the halvingโ€™s effect on the mining industry and right now bitcoin transaction fees have risen exponentially. Despite the rising fees, the research firm Glassnode explains that the Bitcoin blockchainโ€™s health โ€œremains strongโ€ after the reward reduction. Despite the Rise in Bitcoin Transaction Fees, Glassnode Report Says Overall Network Health remains strong The Bitcoin (BTC) network has halved its…