Day: April 12, 2022

Number Of Active Entities Remain In Bear Market Channel

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Data shows the number of active Bitcoin entities has been steadily going up, but the growth pattern still remains in the bear market channel. Number Of Active Bitcoin Entities Continues To Remain In Bear Market Channel As per the latest weekly report from Glassnode, the number of active BTC entities has observed a persistent user growth recently. The “number of active entities” is an indicator that tells us about the number of daily active users on the Bitcoin network. An entity here refers to a collection of addresses held by…

Bored & Hungry? Or want to listen to a podcast hosted by a Mutant Ape?

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Bored Apes take on the restaurant and movie business The Bored Ape Yacht Club, or BAYC, NFT holders own the intellectual property rights to their specific apes and can use the likeness of their ape(s) for commercial purposes. One such BAYC member, Andy Nguyen, decided to open a Bored Ape-themed restaurant aptly named Bored & Hungry in Long Beach, California.  Nguyen is a food entrepreneur who has co-founded various other culinary concepts in the Orange County area. He is the owner of Bored Ape #6184, which he purchased for $267,000, and…

Shiba Inu price soars 35% in one day as Robinhood lists SHIB for trading

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Shiba Inu (SHIB) prices soared on April 12 upon its debut on Robinhood, a U.S.-based commission-free trading platform. SHIB price climbed by more than 35% to 0.00003, its highest level in almost two months, before paring some gains. Nonetheless, SHIB was still on track to log its best daily performance since Feb. 6 when it rallied by nearly 27%. SHIB/USD daily price chart. Source: TradingView Strong crypto revenues precede SHIB’s listing Robinhood emerged as a go-to avenue for everyday investors since the pandemic’s start in March 2020. Last year, the retail…

Bitcoin Mining with UNDER $5000 Asic Mining Rigs in 2022 – Is it still profitable?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin Mining with an UNDER $5000 Asic Mining Rig in 2022 – Is it still profitable? Let’s take a look at several bitcoin asic mining rigs, and see if they still make sense in 2022. Can bitcoin mining still work in this budget range? #bitcoinmining #bitcoin #bitcoin2022 This video reflects my opinion only; numbers and data are approximate and may become inaccurate as time passes.This video may not be objectively accurate. It’s just my opinion. Images used are for educational purposes only.…

Bitcoin And Ethereum To See Carnage

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Former BitMEX CEO Arthur Hayes posted another prediction for Bitcoin and Ethereum. At the same time, the top cryptocurrencies by market cap continue moving in a tight range with today’s U.S. Consumer Price Index (CPI) increasing volatility across the board. Related Reading | TA: Bitcoin Resumes Decline, Why BTC Could Revisit $40K At the time of writing, Bitcoin trades at $40,500 with a 1% loss in the last 24-hours and a 13% loss in the last week. Ethereum trades at $3,000 with similar performance over this period. BTC moving sideways on…

Inflation Rises Sharply in the US as Consumer Prices in March Spiked to 8.5% – Economics Bitcoin News

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Inflation in the U.S. continues to remain red hot as consumer prices last month increased sharply to 8.5% in March compared to the same month last year. Metrics show the Bureau of Labor Statistics’ (BLS) Consumer Price Index (CPI) spiked last month at the fastest pace since December 1981. Inflation Continues to Hammer the US Economy — White House Blames Putin The latest data from the U.S. Bureau of Labor Statistics shows that inflation has continued to rise month over month in the United States. BLS published the organization’s latest…

A Spot Bitcoin ETF Still Seems Unlikely

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“Such possible sources have included (1) ‘wash’ trading, (2) persons with a dominant position in bitcoin manipulating bitcoin pricing, (3) hacking of the bitcoin network and trading platforms, (4) malicious control of the bitcoin network, (5) trading based on material, non-public information, including the dissemination of false and misleading information, (6) manipulative activity involving the purported ‘stablecoin’ Tether (USDT), and (7) fraud and manipulation at bitcoin trading platforms,” the SEC wrote. Original