BTC’s reputation as a potential inflationary protection investment is in step with the crypto’s comparisons to digital gold. While Wood acknowledged that actual gold can also work as a hedge against both inflation and deflation, she maintained that bitcoin would be her choice “hands down” if she had to choose an asset to hold for the next 10 years. Original
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On-chain data shows Bitcoin has recently made a break that led to rallies of at least 99% during the last three times it happened. Bitcoin Has Now Crossed Above “Single Cycle HODLers” Cost Basis In a new post on X, analyst Ali has talked about a level that BTC has broken recently. The level in question is the cost basis of the single-cycle Bitcoin long-term holders. The terms may be unfamiliar, so here’s what they mean, one by one. First, the “long-term holders” (LTHs) here refer to the investors who…
Crypto exchange Binance’s market share in spot trading has fallen to 40% in late 2023, compared to 62% a year ago. According to the November 6 report by blockchain analytics firm 0xScope, the exchange has lost one-third of its market share in the past 12 months. “Binance’s spot trading volume has seen a significant decline in the past year, perhaps due to its listing strategy,” researchers wrote, “Most popular coins experienced a downturn immediately after being listed on Binance.” At the same time, Korean crypto exchange Upbit saw the most…
Attendees of a ApeFest, an event hosted by Bored Ape Yacht Club creators Yuga Labs, have been receiving medical care after reporting blurred vision and burning eyes. Source
Bitcoin (BTC) funds still dominate the asset class, bringing in most of the inflows, some $229 million last week and $842 million this year. This is likely supported by the growing odds of a spot-based bitcoin ETF getting an approval in the U.S. and some softer macroeconomic data, Butterfill explained. Source
Hackers managed to steal 16.8 bitcoin [BTC] over the weekend after a fake Ledger Live app was posted on the Microsoft app store. Original
Ether (ETH) price surged by 6.2% from Nov. 3 to Nov. 5, but the altcoin faces difficulty in breaking the $1,900 resistance. Despite the current bullish trend, Ether’s 17% return over the last 30 days falls short of Bitcoin’s (BTC) impressive 27% gain during the same period. Regulatory hurdles and ecosystem centralization critiques linger Analysts attribute some of Ether’s underperformance to uncertainty surrounding Consensys, a key player in the Ethereum ecosystem. Former employees have filed a lawsuit against the company and its co-founder, Joseph Lubin. Over two dozen shareholders of…
The long-awaited “crypto spring” may be upon us as Bitcoin (BTC) and other cryptocurrency markets rise in anticipation of a full-on bull market. Over the recent crypto winter, many different projects have been growing, gaining users and building new networks. Some of these, like Polygon, are layer-2 (L2) solutions to help scale the primary protocol, Ethereum. But what are the implications of L2s? Are they a better protocol to build on or invest in? Are other layer 1s (L1s) doing anything to stay competitive? These questions and more are the…
Klarna has established itself as a major player in the European payments industry, with a valuation of $6.7 billion. Klarna, a renowned fintech startup based in Stockholm, Sweden, has embarked on a significant corporate restructuring by establishing a holding company in the United Kingdom, signifying its intentions for a potential Initial Public Offering (IPO). Klarna and the Corporate Restructuring: Is IPO Close? Klarna’s spokesperson confirmed to CNBC that the establishment of the holding company is part of a broader legal entity restructuring process. This move aims to enhance corporate governance…