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On-Chain Metrics Suggest Crypto Is Nearing the Bottom of the Bear Market Despite Recent Price Woes

On-Chain Metrics Suggest Crypto Is Nearing the Bottom of the Bear Market Despite Recent Price Woes

According to a research firm, some on-chain metrics indicate that the bear market in cryptocurrencies may have peaked. According to a recent analysis by IntoTheBlock’s head of research, Lucas Outumuro, more than half of Bitcoin (BTC) holders are losing money on their investments, which is a level not seen since March 2020. This percentage peaked […]

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FTX hacker is now the 35th largest holder of ETH

FTX hacker is now the 35th largest holder of ETH

Last week, the hacker who exploited the now-bankrupt FTX exchange made a fortune that caused Ether ETHticker to lose $1,174 to whale status. A day after struggling exchange FTX filed for Chapter 11 bankruptcy, more than $663 million worth of various crypto assets were drained from its wallets, according to blockchain intelligence agency Elliptic. Elliptic

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FTX collapse won't impact everyday use of crypto in Brazil: Transfer CEO

FTX collapse won’t impact everyday use of crypto in Brazil: Transfer CEO

The collapse of the FTX crypto empire may have spoiled Brazilian institutional and retail sentiment toward crypto-currencies. However, its impact will not affect ordinary citizens who continue using cryptocurrencies for cross-border transactions. Regarding the recent FTX crash, Thiago César, CEO of fiat onramp provider Transfer Group, said that, like in many countries around the world,

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Ethereum Whales Are Quietly Increasing Their Crypto Holdings, According to Analytics Firm Santiment

Ethereum Whales Are Quietly Increasing Their Crypto Holdings, According to Analytics Firm Santiment

Crypto analytics firm Santiment claims that Ethereum (ETH) whales have not been discouraged by bearish market price action. Santiment notes that whale and “shark” addresses holding between 100 and 100,000 ETH increased their holdings by 3.5% over the past 12 days. Investor cohorts now hold the highest percentage of Ethereum supply since July 2021. At

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Visa CEO: “Good Stablecoin Regulation” Is “What’s Necessary to Build Back Confidence”

Visa CEO: “Good Stablecoin Regulation” Is “What’s Necessary to Build Back Confidence”

In a recent interview, Alfred F. Kelly, Jr. (aka “Al Kelly”), chairman and CEO of Visa Inc., said he hopes the collapse of FTX will lead to good regulation of cryptocurrencies, which is “what it takes to win back people’s trust.” According to a report by The Daily Hodl, the outgoing CEO of the world’s

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Tuvalu Aiming to Become First Country To Replicate Itself in Metaverse

Tuvalu Aiming to Become First Country To Replicate Itself in Metaverse

The tiny Polynesian island nation of Tuvalu has announced that it will use the Metaverse to create a digital version of itself in response to rising sea levels. According to a Reuters report, Tuvalu has announced plans to digitally replicate its islands and landmarks to preserve the country’s history and culture. Tuvalu’s Foreign Minister Simon

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Top Analyst Says Bitcoin Flashing Relative Strength Despite ‘Worst News Fathomable’ – But There’s a Catch

Top Analyst Says Bitcoin Flashing Relative Strength Despite ‘Worst News Fathomable’ – But There’s a Catch

A famous cryptocurrency strategist highlights Bitcoin’s (BTC) ability to sustain current price levels in the face of a prominent black swan event. The pseudonymous analyst known in the industry as Cred says Bitcoin is showing relative strength despite the collapse of the cryptocurrency exchange FTX. At its peak, FTX was considered the third largest cryptocurrency

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How to mine Bitcoin: A beginner’s guide to mine BTC

How to mine Bitcoin: A beginner’s guide to mine BTC

Bitcoin mining is making legitimate blocks that upload transaction facts to Bitcoin’s (BTC) public ledger, known as a blockchain. It is an essential element of the Bitcoin community because it solves the so-known “double-spend hassle.” The double-spend hassle refers to the difficulty of locating consensus on a record of transactions. Ownership of Bitcoin may be

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