May 17, 2020

Crypto Traders Are Longing ETH (And Not Much Else)

May 17, 2020 boss

The number of Ethereum (ETH) longs has continued to surge after breaking into all-time highs at the end of March. Despite the broader crypto markets posting price gains alongside Bitcoin (BTC) in recent weeks, the number of open longs remains low for most crypto assets after plummeting during the mid-March crypto market crash. Ether longs dominate crypto markets Since breaking into record highs on Feb. 26, ETH/USD longs on major crypto exchange Bitfinex have increased by 170%, with the violent Black Thursday mid-March crash failing to drive even a modest…

S2F Hopium: Report and Twitter Critics Find Flaws With Bitcoin’s Stock-to-Flow Ratio

May 17, 2020 boss

In mid-April, news.Cryptox.trade researched the popular stock-to-flow (S2F), which shows the price of a single bitcoin reaching $55K and even six figures. At the time, analysts questioned measuring bitcoin’s price in this manner and more recently, a few others have been criticizing the method as well. Just recently, a research report written by the author Francis Tapon finds eight flaws in bitcoin’s S2F model. Additionally, the well known crypto proponent Eric Wall has shown criticism toward Plan B’s S2F tweets as well. Report Finds 8 Flaws With Bitcoin’s Stock-to-Flow Model…

S2F Hopium: Report and Twitter Critics Find Flaws With Bitcoin’s Stock-to-Flow Ratio

May 17, 2020 boss

In mid-April, news.Bitcoin.com researched the popular stock-to-flow (S2F), which shows the price of a single bitcoin reaching $55K and even six figures. At the time, analysts questioned measuring bitcoin’s price in this manner and more recently, a few others have been criticizing the method as well. Just recently, a research report written by the author Francis Tapon finds eight flaws in bitcoin’s S2F model. Additionally, the well known crypto proponent Eric Wall has shown criticism toward Plan B’s S2F tweets as well. Report Finds 8 Flaws With Bitcoin’s Stock-to-Flow Model…

Bitcoin Breakout Hopes, R.I.P. TON, Trump Threatened: Hodler’s Digest, May 11–17

May 17, 2020 boss

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin price charts hint at the most exciting breakout in over a year The halving has been and gone — and so far, it hasn’t been the cataclysmic event that some in crypto circles feared. Some market analysts have now set their sights on what…

Bitcoin Transaction Fees Are Up 800% in One Month

May 17, 2020 boss

From April 11 until May 14, Bitcoin (BTC) transaction fees increased by more than 1,250% from $0.38 to $5.16. While Bitcoin transaction fees have since fallen by 33.3% to sit at roughly $3.44 as of this writing, fees have increased by 36.5% since the block reward halving on May 11. Bitcoin fees double in three days after halving The average cost of executing transactions on the Bitcoin network has increased by more than 800% in just one month, with May posting the highest transaction fees since July 2019 so far.…

Fortnite Fans Race to Earn ETH-Based Rewards on Reddit, Crypto Users Saunter

May 17, 2020 boss

Within days of launching on the Rinkeby testnet, Reddit’s Ethereum (ETH)-based Community Points rewards system has seen more than 10,000 addresses created. Reddit’s points were rolled out across two subreddit communities pertaining to the topics of the popular video game Fortnight (r/fortniteBR) and cryptocurrency (r/cryptocurrency) from March 13 to March 15. Perhaps surprisingly, over 80% of wallets created on the testnet so far represent the Fortnight community. Reddit ‘Community Points’ wallets tag five-figures Within three days of completing its rollout, over 10,000 users have signed up to receive Reddit’s Community…