On-chain data shows Ethereum supply is barely changing anymore following the London hard fork. This means ETH is becoming a scarce asset now. Following London Fork, Ethereum Supply Rate Of Change Drops To Nearly Zero As pointed out by a CryptoQuant post, ETH’s supply curve has nearly flattened now as rate of change drops to almost zero. This has made the asset scarce. The Ethereum supply indicator tells us about the total amount of ETH that’s currently in circulation. As miners receive a block reward (in ETH) for mining blocks,…
Day: November 12, 2021
⚠️ *URGENT!* MASSIVE BITCOIN PRICE UPDATE!!!! ⚠️ Crypto Analysis TA & BTC Cryptocurrency News Today
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin Price Analysis & Crypto News Update! 👍 THUMBS UP & SUBSCRIBE NOW + 🔔! *** VIP PRIVATE TRADE IDEAS & ALERTS – *** ************** 2021 VIP ELITE INFO: ************** 🚨 VIP PRIVATE TRADE IDEAS & ALERTS – 👆 VIP Link doesn’t open properly on Safari browser- use a different browser! 👆 ************** Is the Bitcoin (BTC) price potentially headed higher or lower, in my opinion?! Let’s discuss this potential chart signal live today and some cryptocurrency trading technical analysis (TA) +…
Bitcoin Decline Could Stabilize Around $60K Support
Bitcoin (BTC) dipped below $65,000 as buyers continue to take some profits. The cryptocurrency was trading around $64,000 at press time and is down 2% over the past 24 hours. Lower support is seen around $60,000, which could stabilize the current pullback. The relative strength index (RSI) on the four-hour chart is near oversold levels, similar to Oct. 27, which preceded a near 10% price rise. This time, however, buyers could face resistance around $65,000 given the loss of upside momentum this week. Indicators suggest a period of consolidation could…
Kazakhstan’s Crypto Miners Face New Regulations After Contributing to Power Shortages
In a Nov. 4 interview with local news outlet Tengrin News, Minister of Energy Magzum Myrzagaliev said that Kazakhstan’s electricity demand had been steadily growing by 1%-2% annually until about 10 months ago. Starting 2021, demand has grown 8%, or about 1,000MW-1,200MW, which Myrzagaliev said was due to crypto mining. Source
Is Bitcoin & Crypto in a Supercycle? | Bitcoin Sentiment & Technical Analysis
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The “supercycle” thesis is the bold but vague idea that crypto is on the verge of mass adoption because of a series of technical and exogenous factors. Guest: Gareth Soloway Chief Market Strategist of InTheMoneyStocks.com website ➜ #Bitcoin #BTC #Crypto ~Is Bitcoin & Crypto in a Supercycle? | Bitcoin Sentiment & Technical Analysis~ ⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺ Become a Diamond Circle Member FREE! ➜ Subscribe on YouTube ✅ Facebook 📱 Twitter 📱 Find the Top Crypto to invest in based on machine learning – start…
Loopring Price Up 7-Fold This Month on GameStop Speculation, Metaverse Bets
CryptoX – Cryptocurrency Analysis and News Portal Loopring runs on the Ethereum network, specifically on “layer 2″ zero knowledge rollups (zkRollups). Layer 2, or “L2,” refers to a secondary protocol that builds on top of an existing system, in this case, on top of Ethereum. ZkRollups allow blockchains to validate transactions faster whilst ensuring that gas fees are minimal. They combine processes handled both on-blockchain and off-blockchain. Original Source The post Loopring Price Up 7-Fold This Month on GameStop Speculation, Metaverse Bets appeared first on CryptoX. CryptoX Portal
13,000 BTC Moved in 20 Months — 2010 Mystery Miner Transfers Another String of 20 Decade-Old Block Rewards – Bitcoin News
Two days ago on November 10, a mystery whale transferred 20 block rewards from 2010, which saw the movement of 1,000 decade-old bitcoins worth $68 million at the time of transfer. Two days later on November 12, the miner from 2010 returned once again, in order to transfer another string of 20 block rewards from 2010 worth roughly $64 million at the time it was sent. After Transferring 1,000 Bitcoins 2 Days Ago, the Mega-Whale From 2010 Has Returned Again Last year, Bitcoin.com News, the members of the Telegram research…
SEC rejects VanEck’s spot Bitcoin ETF as BTC price falls below $63K
The U.S. Securities and Exchange Commission, or SEC, has officially disapproved asset manager VanEck’s spot Bitcoin exchange-traded fund months after the firm submitted its application. According to a Nov. 12 filing, the SEC rejected a proposed rule change from the Cboe BZX Exchange to list and trade shares of VanEck’s Bitcoin (BTC) Trust. Specifically, the SEC said any rule change in favor of approving the ETF would not be “‘designed to prevent fraudulent and manipulative acts and practices” nor “protect investors and the public interest.” “The Commission concludes that BZX…
AMC Now Accepts Bitcoin, Ethereum, Two Other Cryptos, Dogecoin To Follow
AMC has now officially become the first theater chain to accept Bitcoin, Ethereum, and cryptocurrency payments on its platform. This has been a long time coming after CEO Adam Aron had first announced the entertainment giant’s plans to accept crypto payments by the end of the year. The announcement had said that it would accept crypto payments online for both movie tickets and concessions. Crypto Payments On AMC Are Official Everything on AMC’s end looks to have worked right on schedule as the annulment three months ago had stated that…
SEC Rejects VanEck’s Spot Bitcoin ETF Proposal
The SEC rejected investment firm VanEck’s proposal for a spot bitcoin exchange-traded fund (ETF) on Friday. The decision was widely expected as SEC chair Gary Gensler has indicated his preference for a bitcoin futures ETF over a spot bitcoin ETF several times in the past. Two bitcoin futures ETFs, the ProShares Bitcoin Strategy ETF (BITO) and the Valkyrie Bitcoin Strategy ETF (BTF), began trading last month, leading to a significant rally in the price of bitcoin. VanEck has its own bitcoin futures ETF that has received permission from the SEC…