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Bitcoin Miners Face a Squeeze as BTC Production Cost Remains Well Above Spot Market Value
21.11.2022
Bitcoin miners are dealing with lots of pressure following the recent difficulty adjustment increase on Nov. 20, 2022, and the leading crypto asset dropping further in value against the U.S. dollar following FTX’s collapse. Statistics recorded this past weekend show that bitcoin’s...
Binance’s Bitcoin Reserve Stash Nears 600,000, Company’s BTC Cache Is Now the Largest Held by an Exchange
20.11.2022
While there’s been a lot of discussions concerning proof-of-reserves, self-custody, and the more than $5 billion in bitcoin and ethereum that left exchanges between Nov. 7 through Nov. 14, 2022, Binance’s bitcoin stash has grown significantly since Nov. 12. In fact, metrics from...
Goldman Sachs Launches Data Service to Help Investors Analyze Crypto Markets
6.11.2022
Global investment bank Goldman Sachs has launched a new data service in collaboration with MSCI and Coin Metrics to help investors analyze crypto markets. The new system is “designed to provide a consistent, standardized way to help market participants view and analyze the digital assets...
Brokers speak of flat metrics in monthly turnover
4.11.2022
Because enormous amounts of incentives are being dished out frequently to all of the interactive brokers involved in trading practices, one would imagine a very conducive scenario. However, unfortunately, that is not what the case is all about at present. LLC (NASDAQ: IBKR) was responsible...
Goldman Teams With MSCI and Coin Metrics to Create Digital Asset Classification System
3.11.2022
The new system will be called Datanomy, and seeks to give crypto participants a standardized way to view and analyze the digital assets ecosystem
2 metrics signal the $1T crypto market cap support likely won’t hold
31.10.2022
Despite the 8.5% weekly rally in cryptocurrencies, the lack of stablecoin premiums in Asia and futures markets activity shows buyers’ lack of confidence
A stablecoin's rise in market share has ignited the ‘Second Great Stablecoin War’
24.10.2022
Since Binance announced it would auto-convert USDC, USDP and TUSD into BUSD on Sept. 6, BUSD’s share of the total stablecoin market has risen from 10.01% to 15.48%
An Unknown Miner Commands More Than 51% of BSV’s Hashpower, Consecutive Strings of Empty Blocks Makes Chain Unreliable
23.10.2022
A single miner has managed to overtake a large portion of the Bitcoinsv (Bitcoin Satoshi’s Vision) blockchain capturing more than 80% of the hashrate on October 17. Today, the unknown miner’s hashpower commands around 54% of the Bitcoinsv’s computational power and during...
3 historically accurate Bitcoin on-chain metrics are flashing 'bottom'
21.10.2022
Key Bitcoin indicators tracking its market versus fair value, as well as long-term holders' confidence, hint at a market bottom formation
3 key Solana metrics explain exactly why SOL price is down
19.10.2022
SOL price is down 29% since August, and three key metrics suggest bulls are in no rush to return
BTC Ownership in Canada Rises Sharply in 2021, Bank of Canada Study Shows 13% of Canadians Own Bitcoin
15.10.2022
This week researchers from the Bank of Canada published the central bank’s Financial System Review which highlights five key statistics tethered to Canadian bitcoin owners. According to the Bank of Canada’s metrics, 13% of Canadians own the leading crypto asset bitcoin,...
Ethereum’s Average Gas Fee Jumps More Than 80% Higher Nearing $5 per Transfer
11.10.2022
26 days ago, Ethereum transitioned from a proof-of-work (PoW) network to a proof-of-stake (PoS) blockchain and after the change, the network’s fees remained low. This week, however, Ethereum’s gas fees have increased as data from October 10 shows the average fee tapped a high of $4.75...
Metaverse platforms refute 'misinformation' about daily active users
11.10.2022
User data from DappRadar consists of metaverse users who have also made an in-game purchase with the project's native token, but the Decentraland and Sandbox projects disagree with that criteria
Bitcoin Price May Be Nearing Bottom if these Drilling Analogy Metrics Are Correct
10.10.2022
If there’s one thing practically every cryptocurrency holder or speculator has attempted to do, it's predict or identify the bottom of a bear market for the bitcoin price.
Given that the delta between a trough and a subsequent all-time price high can be in the range of tens to hundreds...
Fed’s Inflation Nowcasting Data Shows Future CPI Increases, US Gross National Debt Hits $31 Trillion
5.10.2022
A recently published forecast stemming from the Federal Reserve Bank of Cleveland’s Inflation Nowcasting data indicates upcoming U.S. consumer price index (CPI) metrics will likely be elevated. The newly predicted CPI levels were recorded the same day America’s gross national debt...
Upside capped at $980B total crypto market, according to derivatives metrics
3.10.2022
A bearish formation in the total market capitalization chart has been gaining strength after two failures to break its resistance level
Report: Uniswap Seeks to Raise $200 Million in Fresh Capital at $1 Billion Valuation
1.10.2022
The largest decentralized exchange (dex) platform by global trade volume, Uniswap, is looking to raise between $100 and $200 million, according to a report citing people familiar with the company. The funding round is currently in a nascent stage as the report claims Uniswap has been...
Crypto Intelligence Firm Coin Metrics Partners With Hedge Fund Two Sigma for Institutional Push
20.9.2022
Venn, the trading platform built by Two Sigma, announced last month it was working with Coinbase Institutional
Ethereum’s Post-Merge Transfer Fees Remain Low, Since Mid-May High-Priority ETH Fees Are 93% Cheaper
17.9.2022
Following Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoS) on September 15, the blockchain network’s transaction fees have been much lower than they were ten days before The Merge. Roughly four months ago on May 13, 2022, high-priority ether transactions could...
3 Bitcoin price metrics suggest today’s 10% pump marked the final cycle bottom
9.9.2022
Is the BTC bottom finally in? Data suggests that bears might be losing their tight grip on the market