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Ether Inferno: Ethereum Network Burned Over $2.4 Billion Worth of ETH in 87 Days
31.10.2021
87 days ago, the Ethereum network successfully implemented the London hard fork upgrade, and ever since then over 700,000 ether has been burned, or more than $2.4 billion using today’s exchange rates. 702,886 Ethereum Burned Since the London Hard Fork Data from Dune Analytics indicates that...
Finder Survey: Nigeria’s 24.2% Adoption Rating Is the Highest Rate of Crypto Ownership Globally
31.10.2021
According to the latest Finder Cryptocurrency Adoption Index, in October 2021, Nigeria had the highest rate of cryptocurrency ownership globally, at 24.2%. Bitcoin Is the Most Popular Coin in Nigeria In addition to finding the West African nation as the country with the highest proportion...
Kazakhstan expects at least $1.5B in economic activity from crypto mining within 5 years
29.10.2021
Kazakhstan currently ranks No. 2 in the world in terms of Bitcoin mining hash rate
No Plans to Make US Dollar Sole Currency, Zimbabwean Finance Minister Calls Idea ‘Suicidal’
29.10.2021
The Zimbabwean Finance Minister, Mthuli Ncube, recently told business leaders that he is not planning to make the U.S. dollar the country’s sole currency again. Government Focused on Strengthening Local Currency Instead of entertaining those calling for the dollarization of the Zimbabwean...
Bitcoin hodling rate reaches 9-month high, boosting hopes of 'bull flag' rally to $70K
28.10.2021
The number of "hodled" and presumably lost Bitcoin tokens continues to surge in sync with the BTC price
New Bitcoin hash rate highs remove any trace of China mining ban
28.10.2021
China's exit from Bitcoin mining is now all but unnoticeable as network fundamentals take care of their own recovery
Russia, Belarus Move to Introduce Special Electricity Tariffs for Crypto Miners
18.10.2021
Authorities in Belarus and the Russian Federation are taking steps to separate cryptocurrency miners from other groups of power users and deny them access to subsidized energy. This could lead to the adoption of differentiated electricity rates for businesses involved in digital coin minting...
Nigerian Presidency: Vice President Yemi Osinbajo Against ‘Willy-Nilly Devaluation of the Naira’
15.10.2021
The Nigerian presidency has denied reports that the country’s Vice President (VP), Yemi Osinbajo, was calling for the devaluation of the local currency when he recently questioned the naira’s official exchange rate. The Huge Arbitrage In fact, according to a report that quotes Laolu...
US dominates global Bitcoin hash rate distribution after China crackdown
13.10.2021
The United States now accounts for more than a third of the total Bitcoin mining activity with Kazakhstan and Russia also becoming major locations
Traders pin Ethereum’s route to new ATH to eventual Bitcoin ETF approval
12.10.2021
ETH price is lagging behind BTC's recent gains, but data signals that traders are confident in the altcoin breaking through $4,000 in the short-term
China’s crypto ban: Buy the dip or cause for concern?
12.10.2021
China's regulatory policies toward crypto used to be a major factor in market activity
Nigerian Vice President Says Current Naira Exchange Rate ‘Artificially Low’
12.10.2021
Nigerian Vice President Yemi Osinbajo recently warned that the country’s official naira exchange rate of N411 for every dollar is artificially low. This exchange rate, according to Osinbajo, discourages foreign exchange entrance into the country. Naira Exchange Rate Must Reflect Realities...
What Bitcoin correction? BTC price holds $55K despite several bearish indicators
9.10.2021
Bitcoin price refuses to pull back despite Bollinger Bands and Fear and Greed pointing to an overheated rally
Amount of ETH held by miners reaches highest level since 2016
8.10.2021
Ethereum miners are reluctant to sell their assets and appear to expect further price increases
Seoul to Hold Firm on Crypto Tax Launch, Suggests NFT Tax May Follow
7.10.2021
dozen or so non-big four crypto exchanges are allowed to go bust.A number of online petitions have called on the government to reverse its bid to begin taxing crypto trading profits at a flat rate of 20% from January 1. Seoul will order tax filings from anyone earning over USD 2,1
Lawmakers in Kazakhstan Propose Registration for Crypto Farms, Higher Electricity Rate for Miners
7.10.2021
Members of the parliament in Kazakhstan have proposed the establishment of a state register for cryptocurrency farms operating in the country. Alarmed by the growing consumption of energy in the sector, the lawmakers also want to charge miners a higher price for the electricity they use. Mazhilis...
Pro traders cut their EOS longs, but retail FOMO and $50K+ BTC could tip the scale
6.10.2021
On paper, EOS has great fundamentals, but derivatives markets suggest traders don’t feel the same about the altcoin’s price potential
Hash rate and difficulty rebound shows miners have recovered from China exodus
5.10.2021
Bitcoin mining profitability is up 275% since before the May 2020 halving
Nigerian Lawmaker Proposes Closure of All Domiciliary Accounts in Order to Save Imperiled Naira
30.9.2021
Nigerian lawmaker Ibrahim Obanikoro has called on Nigerian authorities to “close all domiciliary accounts for the next 12 months.” Such a move, he argues, will help to ease pressure on the naira, which has depreciated by more than 10% in the past two months. The Naira’s...
Traders sit idly by as Ripple (XRP) price struggles to avoid a drop to $0.70
29.9.2021
Like other large-cap legacy altcoins, XRP is stuck in a rut, and data suggests investors are content just to sit and watch