Category: Cryptocurrency News

Iris Energy’s filing suggested the company planned to use proceeds from the sale to fund growth initiatives including purchasing mining hardware and developing data centers.

I was scrolling through my emails and saw they I “supposedly” won a promo code for btc so i went to the website on an alt i just created and entered it and it gave me it and the website seems relatively safe to me, but I’m not sure the website is Trademing.com. submitted…
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On-chain data shows the Bitcoin aSOPR profit-loss junction has continued to act as resistance to the price of the crypto. Bitcoin aSOPR Bounces Back Down From The Breakeven Line As pointed out by an analyst in a CryptoQuant post, the aSOPR value equal to ‘1’ line has been acting as resistance for around 185 days now. The “Spent Output Profit Ratio” (or SOPR in short) is an indicator that tells us whether the average Bitcoin investor is selling at a profit or at a loss right now. When the value of this metric is greater than 1, it means the holders as a whole are moving their coins at some profit currently. On the other hand, the indicator’s value being lesser than the mark implies the overall market is realizing loss at the moment. Naturally, SOPR values exactly equal to 1 signify that the average holder is just breaking even on their investment. Related Reading: Will October Bring Fearfulness To Crypto For 200 Straight Days? A modified version of the metric is the “Adjusted SOPR” (aSOPR), which excludes from the data the transactions of all those coins that moved again within only an hour of their last transfer. Now, here is a chart that shows the trend in the Bitcoin aSOPR over the last couple of years: The value of the metric seems to have been in the loss region for a while now | Source: CryptoQuant As you can see in the above graph, the quant from the post has marked the relevant zones of trend for the Bitcoin aSOPR. During historical bear periods, the indicator has always found sharp resistance at the junction between the profit and loss regions, and has thus remained locked below the 1 level. In the current bear market as well, the metric has been staying at values less than one. It has made several attempts to break into the profit zone, but so far it has been rejected back down each time. Related Reading: TA: Bitcoin Price Remains Range bound, Why There’s Hope of a Fresh Rally The reason behind this is that the aSOPR reaching a value of 1 suggests investors, who were previously in loss, are now selling at the same price they got in. Psychologically, this appears to these holders as gaining their money “back.” Hence, a large amount of investors usually dump at this point, providing resistance to the price. In the past, proper breaks above the profit-loss junction have meant the start of a new bull rally. Since the Bitcoin aSOPR is still trapped in the loss zone, it’s safe to assume the market is yet to see through this bear. BTC Price At the time of writing, Bitcoin’s price floats around $18.8k, down 5% in the past week. BTC has been moving sideways | Source: BTCUSD on TradingView Featured image from Marco Pagano on Unsplash.com, charts from TradingView.com, CryptoQuant.com

The strength of the U.S. dollar continues to negatively impact risk assets, but that did not prevent Bitcoin and select altcoins from staging a few strong rallies this week.

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The creator of the Nakamoto Terminal will help the government and businesses understand the interaction of traditional and digital financial systems and track money into and out of blockchains.

Bitcoin mining firm Compute North filed for Chapter 11 bankruptcy protection in Texas on Thursday as the crypto winter continues to put pressure on crypto mining operations. The bankruptcy petition filed on September 22, indicates the company looks to stabilize operations in order to repay creditors. Compute North Files for Chapter 11 Bankruptcy Protection Five […]

API3 API3 is a collaborative project to deliver traditional API services to smart contract platforms in a decentralized and trust-minimized way. It is governed by a decentralized autonomous organization (DAO), namely the API3 DAO. Therefore, its code is open source and its operations are transparent. The vast majority of the external integrations that decentralized applications…
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I analyzed the entire history of Moons transaction data and found that ~5,000,000 Moons have been transacted between Redditor-owned vaults across ~50,000 transactions! Transactions Between Redditors Volume Between Redditors To see who the most generous Redditors are who account for most of these transactions, check out ccmoons.com/tipping. Note that on that website the definition of…
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NFTickets could potentially allow airlines and events to increase their revenue through resales on the secondary market.