Day: April 5, 2022

US Sanctions Russia’s Hydra Darknet, Identifies Over 100 Virtual Currency Addresses

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Bitcoin Monthly Outflows Reach Historically High Value

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On-chain data shows the Bitcoin monthly outflows have recently reached values only seen a few times before in the crypto’s entire history. Bitcoin Exchange Outflows Now Have A Value Of 96.2k BTC Per Month According to the latest weekly report from Glassnode, a historically high amount of BTC has exited all exchange wallets recently. The relevant indicator here is the “exchange net position change,” which tells us the net amount of Bitcoin exiting or entering wallets of all exchanges. The metric’s value is simply calculated by taking the difference between…

Could ApeCoin be the go-to token of the Metaverse?

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What is it with these sly, funny, but boring-looking apes that continue to make headlines? Many collectors argue that it’s less about the image, itself, and more about the culture, social capital and wealth the community of owners has gained from Bored Ape Yacht Club (BAYC) that give the collection its value. Amassing over $1.42 billion in total volume, the community trusted that the creators would deliver on its promise for token emission.  On March 17, BAYC’s utility and governance token, ApeCoin (APE) was made eligible to claim for BAYC…

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More than a quarter of U.S. millennials plan to use crypto to fund retirement

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According to a recent survey published by Investopedia, 28% of the U.S. millennials polled said they expect to use cryptocurrency to support themselves in retirement — a figure that was higher than those who said they would use savings (25%) and stock investments (27%) to fund their retirement. Meanwhile, 20% of Gen X and 17% of Gen Z respondents said the same. The survey, conducted in the spirit of Financial Literacy Month, was administered to 4,000 U.S. adults ages 18 to 76. In other fields, approximately 50% of respondents of…

Crypto Fear And Greed Turns Neutral, What’s Next?

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Bitcoin and the crypto market have seen downside price action on shorter timeframes. The first crypto by market cap has been trading in a tight range this week with sudden spikes in volatility impacting smaller cryptocurrencies. Related Reading | Dogecoin Soared After Elon Musk Bought 9.2% Of Twitter, What’s Next? Momentum seems to be favoring the bulls as Ethereum (ETH), Solana (SOL), Terra (LUNA), keep their gains as Bitcoin hints at further lows. SOL’s price records a 22% profit which makes it the best performing asset in the crypto top…

US lawmakers introduce companion bill to ‘mitigate risks’ from El Salvador’s Bitcoin Law

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Two members of the House of Representatives have introduced legislation aimed at mitigating the risks to the United States financial system due to El Salvador adopting Bitcoin (BTC) as legal currency. In a Monday announcement, California Representative Norma Torres and Arkansas Representative Rick Crawford proposed legislation that would direct the State Department to create a plan to mitigate the potential risks to the U.S. financial system based on an analysis of the risks to El Salvador’s “cybersecurity, economic stability and democratic governance” following the country’s recognition of Bitcoin (BTC) as…

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