Two Binance Executives are being held in Nigeria without any charges
submitted by /u/eyecandy99 [link] [comments]
submitted by /u/eyecandy99 [link] [comments]
A report issued by a United Nations panel of experts has concluded that cyber crypto heists have provided 50% of the foreign currency income for North Korea since 2017. The report indicated that North Korean actors have been linked to 17 theft and hack events involving over $750 million in 2023 alone, and details several […]
PRESS RELEASE. GAIMIN (www.gaimin.io), the world’s leader in delivering decentralised data processing power through gaimin.cloud (www.gaimin.cloud), and io.net (www.io.net) one of the world’s largest Decentralized Physical Infrastructure Network (DePIN) for AI compute have agreed to investigate how the synergistic technologies from both companies can be integrated to deliver the processing capability to support the growing […]
They are allowing scammers to get 100,000 or even more views. WTH! I think at this point it's intentional. Don't click on some video telling you to install some bot and make you thousands of dollars a day. I seriously reported over 100 videos tonight and its still the first (sponsored) video I see every…
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Ripple’s chief executive believes the U.S. Securities and Exchange Commission (SEC) will be unsuccessful in classifying ether as a security, similar to how the agency lost its legal battle, for the most part, against XRP. Noting that the SEC has been “losing badly in courts” against crypto firms, the Ripple CEO stated: “At what point […]
submitted by /u/EvilOne__ [link] [comments]
Huge news that made no news. submitted by /u/troythedefender [link] [comments]
The on-chain analytics firm Glassnode has explained that Bitcoin tends to reach a potential top when the long-term holders show this pattern. Bitcoin Long-Term Holders Have Been Ramping Up Distribution In a new report, Glassnode discussed the influence that the BTC long-term holders have on the cryptocurrency’s supply dynamics. The “long-term holders” (LTHs) here refer to the Bitcoin investors who have been holding onto their coins for more than 155 days. The LTHs comprise one of the two main divisions of the BTC user base based on holding time, with the other cohort known as the “short-term holders” (STHs). Related Reading: Bitcoin Cash (BCH) Surges 15% As Coinbase Plans Futures Listing Historically, the LTHs have proven themselves to be the persistent hands of the market. They don’t quickly sell their coins regardless of what is happening in the broader sector. The STHs, on the other hand, often react to FUD and FOMO events. As such, it’s not unusual to see the STHs participating in selling. However, the LTHs showing sustained distribution can be something to note, as selling from these HODLers, who usually sit tight, may have implications for the market. There are many different ways of tracking the behavior of the LTHs, but in the context of the current discussion, Glassnode has used the “LTH Market Inflation Rate” metric. As the report explains: It shows the annualized rate of Bitcoin accumulation or distribution by LTHs relative to daily miner issuance. This rate helps identify periods of net accumulation, where LTHs are effectively removing Bitcoin from the market, and periods of net distribution, where LTHs add to the market’s sell-side pressure. Now, here is a chart that shows the trend in the BTC LTH Market Inflation Rate over the past several years: The value of the metric seems to have been on the rise in recent days | Source: Glassnode In the chart, the analytics firm has also attached the data for the asset’s Inflation Rate, which is basically the amount that the miners are introducing into the circulating supply by solving blocks and receiving rewards for them. When the LTH Market Inflation Rate equals 0%, these HODLers are accumulating amounts exactly equal to what the miners are issuing. This implies that the indicator below the 0% mark suggests the LTHs are pulling coins out of the supply, while it being above is a sign that they are either distributing or just not buying enough to absorb what the miners are producing. The graph shows that historically, the cryptocurrency’s price has tended to reach a state of equilibrium and potentially even a top when the LTH distribution has peaked. Related Reading: Bitcoin Traders Capitulate: Here’s What Happened Last 2 Times The LTH Market Inflation Rate has been increasing recently, but it’s yet to reach any significant levels. As for what this could mean for the market, Glassnode says: Currently, the trend in the LTH market inflation rate indicates we are in an early phase of a distribution cycle, with about 30% completed. This suggests significant activity ahead within the current cycle until we achieve a market equilibrium point from the supply and demand perspective and potential price tops. BTC Price Bitcoin has retraced most of its recovery from the past few days, as its price has now declined to $63,800. Looks like the price of the asset has witnessed a drawdown again | Source: BTCUSD on TradingView Featured image from Kanchanara on Unsplash.com, Glassnode.com, chart from TradingView.com
The Avalanche Foundation announced the launch of Memecoin Rush, a program designed to incentivize meme coin liquidity providers on selected platforms in the AVAX environment. The program will allocate $1 million to participants that provide liquidity for these tokens on Trader Joe and Steakhut, two AVAX decentralized platforms, and expand to include other platforms. Avalanche […]
Bought eth ages ago and still have a lot, but I have more money now and I need to find more coins to diversify it into. Tell me the good things that will make this coin skyrocket. And tell me the bad things. But please during your shilling, please also try to be non biased…
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