Category: Cryptocurrency News

The Cuba Bitcoin community hosted the country’s first-ever Bitcoin-only meetup in Havana over the weekend, attended by 60 crypto-curious Cubans.

Binance users in France, Italy, Poland and Spain will no longer be able to buy or sell 12 privacy tokens starting from June 26.

Several social media accounts followed the trend, with one requesting ETH to purchase an NFT and another pledging to spend the money on drugs.

A look at the different techniques employed by crypto phishing scammers and how users can stay protected.

Intent-centric blockchain protocol Anoma secures $25 million in funding to continue developing its third-generation architecture.

On-chain data shows Bitcoin is slowly moving from the old holders to new investors, a sign that could be positive for the market. Bitcoin RHODL Ratio Has Been Climbing Up In Recent Days According to data from the on-chain analytics firm Glassnode, this kind of trend is usually seen in the middle of cycle transitions. The “Realized HODL (RHODL) ratio” is an indicator that tells us the ratio between the supplies held by the 1-week-old holders and the 1 to 2 years old investors. To be more specific, this indicator doesn’t simply measure the amount of market cap held by these groups, but rather the “realized cap.” This capitalization method calculates the value of the supply by assuming that each coin is worth not the current spot price, but the price at which it was last moved on the blockchain. Here, the 1-week old investors represent the youngest of the BTC participants, who have just bought their coins. Thus, the realized cap held by them provides hints about the wealth owned by the newcomers. The 1-2 years old BTC investors, on the other hand, are a segment of the long-term holders, meaning that they are the more experienced players in the market. Since the RHODL ratio compares the supplies of these young and old holders (though, only some segments of them), it can deliver insight into how these supplies are changing relative to each other. Now, here is a chart that shows the trend in the Bitcoin RHODL ratio over the last few years: Looks like the value of the metric seems to have been going up in recent days | Source: Glassnode on Twitter As you can see in the above graph, Glassnode has marked the wider trends that the indicator has followed during the previous cycle as well as in the current Bitcoin cycle. It seems like during the bear markets in both the previous and the current cycles, the indicator had been observing a constant downtrend. This means that the young investors had been leaving the market while the long-term holders had been accumulating. Related Reading: Bitcoin Miners Receive Inflows Of 7,000 BTC, What Does It Mean? This trend makes sense, as the young investors would constantly get into losses during a bear market downtrend, so a lot of them would quickly sell their holdings. Following the bear market bottom formation in the last cycle, the Bitcoin RHODL ratio stopped its decline and soon reversed the trend when some fresh bullish momentum came in the form of the April 2019 rally. A similar trend has also been observed during the current cycle, implying that the bottom after the FTX crash back in November 2022 may have been the bottom after all. Just like during the April 2019 rally, the indicator has been moving up during the current rally. This suggests that new participants are once again interested in accumulating the cryptocurrency. Related Reading: XRP Bullish Signal: Address Activity Spikes To Historical Levels Such a signal has historically been constructive for Bitcoin, with this kind of market shift from the long-term holders towards new hands often leading to full-blown bull markets. BTC Price At the time of writing, Bitcoin is trading around $27,000, up 1% in the last week. BTC has gone down during the past day | Source: BTCUSD on TradingView Featured image from iStock.com, charts from TradingView.com, Glassnode.com

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Leaders in Beijing have stressed the need for “dedicated efforts” to protect national security and improve the security governance of artificial intelligence.

The licensed financial institutions would be required to verify the identities of all customers.