Day: January 2, 2023

Bitcoin Taker Buy/Sell Ratio Can’t Give Any Clear Signals As Demand Remains Low

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On-chain data shows the Bitcoin taker buy/sell ratio has been unable to give any real signal recently as the demand has remained low in the market. Bitcoin Taker Buy/Sell Ratio Hasn’t Been Able To Catch Any Momentum Recently As pointed out by an analyst in a CryptoQuant post, the taker buy/sell ratio hasn’t moved much above or below 1 since August 2022. The “Bitcoin taker buy/sell ratio” is an indicator that measures the ratio between the taker buy volume and the taker sell volume. When the value of this metric…

Litecoin Surges 7% In Strong 2023 Start, Now #12 On Cap List

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Litecoin has kicked off 2023 to a bright start as the crypto has surged 7% in the last 24 hours and has climbed to 12th on the market cap list. Litecoin Starts 2023 On A Positive Note 2022 was a terrible year for the entire cryptocurrency sector as the long bear market resulted in losses of more than 50% for most of the coins. Litecoin was no exception; the asset ended the year with a drawdown of about 53%. This year, however, may very well turn out to be different…

EU Wants To Curb Bitcoin Mining

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Blockchains feature prominently in the European Union’s new action plan to digitalize the energy system. The world’s largest … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Crypto exchange adoption boosts ENS registrations to over 2.2M

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2022 proved to be a fruitful year for Ethereum Name Service, with the platform recording 2.2 million registered domains despite unfavorable market conditions for the cryptocurrency space. According to the service, over 80% of the total ENS domains created since the project’s inception were registered in 2022. Data from Dune Analytics shows that ENS has around 2.82 million names registered as of Jan. 2, with 630,340 owners of ENS domains. Happy New Year everyone! 2022 was an incredible year for ENS! Over 2.2m ENS names were registered in 2022 (that’s…

Crypto exchange adoption boosts ENS registrations over 2.2M

2022 proved to be a fruitful year for Ethereum Name Service, with the platform recording 2.2 million registered domains despite unfavorable market conditions for the cryptocurrency space. According to the service, over 80 percent of the total ENS domains created since the project’s inception were registered in 2022. Data from Dune Analytics shows that ENS has around 2.82 million names registered as of Jan. 2, with 630,340 owners of ENS domains. Happy New Year everyone! 2022 was an incredible year for ENS! Over 2.2m ENS names were registered in 2022…

Two-thirds of TradFi expects a 2023 recession

The United States economy could be in for an upset. Data from a Wall Street Journal survey revealed financial experts expect the country to face an economic downturn this year. Over two-thirds of economists at 23 major financial institutions that do business with the Federal Reserve believe the U.S. will have a “shallow” or “mild” recession in 2023. Two of the surveyed institutions predict a recession for the following year. The research included big names in the financial services sector, such as Barclays PLC, Bank of America Corp., TD Securities…

Disputed Venezuelan Gold Worth $1.8B in Bank of England Vaults Remains Uncertain After Dissolution of Interim Government – News Bitcoin News

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The status of the Venezuelan gold currently being held by the Bank of England might fall into regulatory limbo after the dissolution of the interim government of Juan Guaido. The 31 tons of gold have been the subject of dispute between the current president Nicolas Maduro and Juan Guaido since 2019, when Guaido integrated a parallel government. Status of Venezuelan Gold in the Bank of England Uncertain The status of the Venezuelan gold stash guarded in the vaults of the Bank of England in London is uncertain after the dissolution…

Türkiye to use blockchain-based digital identity for online public services

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Türkiye, formerly known as Turkey, plans to use blockchain technology for online public services logins. e-Devlet, Türkiye’s digital government portal used to access a wide range of public services, will use a blockchain-based digital identity to verify Turkish citizens during login. Fuat Oktay, vice president of the Republic of Türkiye, announced during the Digital Türkiye 2023 event that citizens will be able to use blockchain-based digital identity to access e-wallet application, Cointelegraph Turkey reported. Oktay called the blockchain-based application a revolution for e-government efforts, adding that online services will be more…