“Over +50k BTC per month are currently being Vaulted by HODLers, suggesting both a tightening supply and a widespread reluctance to transact,” Glassnode said in the latest weekly report, adding that the market is experiencing a sustained regime of coin dormancy. Source
In a rapidly changing blockchain and cryptocurrency landscape, staying informed is crucial. Cointelegraph has launched its new Research Terminal — an all-in-one destination for comprehensive crypto insights, detailed reports and extensive data. The revamped terminal offers an improved user experience with a user-friendly interface, making it effortless to explore our wealth of content, whether on a desktop or mobile device. Check out the new Cointelegraph Research Terminal here The updated Cointelegraph Research Terminal covers the crypto ecosystem like never before. Cointelegraph Research is still committed to free public reports An…
In the past, many have argued whether or not the XRP token was deflationary or not. In support of the former, pro-XRP crypto analyst Panos Mekras has provided data that suggests that the token has deflationary characteristics. Number Of Tokens Burned So Far In a tweet shared on his X (formerly Twitter) platform, Mekras referenced another tweet showing that over 11 million tokens had been burned. This stat undoubtedly suggests that the token is deflationary since its total supply has decreased over time due to the burn mechanism. However, another…
On-chain data shows that mid to large Bitcoin holders have purchased almost $2 billion in the asset during the past six weeks. Bitcoin Holders With 1 To 10,000 BTC Have Neared All-Time High Holdings According to data from the on-chain analytics firm Santiment, the mid to large-sized BTC addresses have added 71,555 BTC to their holdings recently. The relevant indicator here is the “BTC Supply Distribution,” which keeps track of the total amount of Bitcoin that each holder group in the market is holding right now. The investors or addresses…
Bitcoin (BTC) saw a snap retest of $27,000 around the Oct. 6 Wall Street open as wildcard United States employment data rattled markets. BTC/USD 1-hour chart. Source: TradingView Analysis: Jobs data “not what Fed wanted to see” Data from Cointelegraph Markets Pro and TradingView followed BTC price action as the largest cryptocurrency lost 2.1% in a single hourly candle. A subsequent rebound saw bulls recover those losses, with $27,700 — the area of interest from before the data release — now back in focus. The volatility came thanks to U.S.…
The social media platform Snapchat has received a warning from the United Kingdom’s data watchdog over its new artificial intelligence (AI) chatbot known as “My AI,” according to an update posted by the regulator. On Oct. 6, the U.K. Information Commissioner’s Office (ICO) issued a preliminary notice to Snap Inc. and Snap Group, the parent companies of Snapchat, for the potential failure to “properly assess the privacy risks” posed by the chatbot. We have issued Snap, Inc and Snap Group Limited with a preliminary enforcement notice over a potential failure…
Apart from Spot Bitcoin ETFs, Ethereum Futures ETFs have been the talk of the crypto industry for months as investors look toward a catalyst for the next bull run. However, data has shown the highly anticipated ETFs have had underwhelming results in trading volume. Although the crypto market has witnessed some gains in the past few days, this hasn’t flowed into Ethereum Futures ETFs as investors seem hesitant to adopt these new Ethereum investment vehicles. How Have Ethereum Futures ETFs Fared So Far? Ethereum futures ETFs provide indirect exposure to…
Bitcoin (BTC) is beating inflation better than the United States dollar, the U.S. Federal Reserve says — but unintentionally. In a blog post first released in June 2022 and since updated, the St. Louis Fed compares buying eggs with BTC compared to dollars — still with surprising results. Bitcoin vs. U.S. dollar: “Eggflation” has gone nowhere Bitcoin hodlers arguably have many better use cases for their BTC holdings than buying eggs, but that is the topic of a dedicated Fed blog post that attempts to demonstrate Bitcoin’s uncompetitive buying power…
XRP, the digital currency associated with Ripple Labs, has been making headlines with its recent price rally. However, a report suggests that the hype surrounding its performance might be overstated, as market data paints a different picture. Despite a positive legal ruling and a robust community, XRP seems to struggle to gain the same level of confidence as Bitcoin (BTC) and Ethereum (ETH) among investors. Liquidation data from CoinGlass reveals that in the past 24 hours, approximately $4.20 million worth of XRP has been liquidated. Interestingly, the short positions accounted…
For developers looking to integrate blockchain data into their applications, Flarescan will also offer a developer API, simplifying the process of harnessing blockchain insights. Blockchain for data company Flare has partnered with the Avascan Block Explorer team to launch Flarescan, a comprehensive web explorer explicitly designed for the Flare ecosystem. In a press release shared with Coinspeaker on October 4, the company said the new block explorer is designed with a keen focus on detail and user-friendliness, incorporating all the impressive features of Avascan. Flarescan Scheduled for Launch on October…