Crypto | Ethereum | Bitcoin

2024-02-25 10:00:58 Bitcoin network congestion eases as mempool clears in February

Bitcoin’s mempool is a holding area for transactions broadcast to the network but not yet included in a block. Analyzing the mempool provides insight into network congestion, transaction demand, and fee trends, offering a unique vantage point on the state of the Bitcoin ecosystem. Bitcoin network experienced significant congestion, as evidenced by the swelling size of the mempool. In mid-December, the mempool contained 117,813 transactions waiting to be processed, and transaction fees totaling 50.9 BTC.

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2024-02-24 19:20:26 Cash App Records 90% Surge in Bitcoin Sales Gross Profit

In the recently released earnings report for the fourth quarter, Jack Dorsey-led payments firm Block showcased impressive growth in its Bitcoin-related activities. Block, which operates the popular Cash App, disclosed a substantial increase in gross profit from selling bitcoin, reaching $66 million. The report unveiled the total sale amount of bitcoin to customers, denoted as Bitcoin revenue, standing at $2.5 billion for the fourth quarter, indicating a robust 37% year-over-year increase.

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2024-02-24 11:02:01 Bitcoin halving ‘blood bath’ could push US miners offshore

Hashlabs Mining co-founder and chief mining strategist Jaran Mellerud said Ethiopia, Nigeria, Kenya, Argentina and Paraguay could pick up more hash rate in the coming years. Potential sluggishness in the price of Bitcoin after the Bitcoin halving could tank the share prices of high-cost public miners in the United States, forcing some to even move offshore.

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2024-02-23 20:20:30 Bitcoin hits new all-time highs against 14 national currencies – Balaji

Analysis shared by Network State author Balaji Srinivasan indicates that Bitcoin has surpassed its all-time highs against currencies of fourteen different countries, which collectively represent over a billion people and account for more than $7 trillion in GDP. Among these countries are Argentina and Japan, which just entered a technical recession due to their recent economic developments.

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2024-02-23 11:35:17 Binance faces scrutiny as presidential adviser calls for Nigeria ban

An adviser to Nigeria’s president has called for a ban on Binance, KuCoin and other trading platforms in the country. Bayo Onanuga — President Bola Tinubu’s adviser on information and strategy — took to the X social media platform to allege that the platforms manipulated the country’s fiat currency, the Nigerian naira, contributing to the ongoing decline of the currency in the forex market. This is coming amid speculations that the government is already considering a ban.

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2024-02-22 20:10:28 South Africa to Start Work on Stablecoin Regime, Will Start by Considering Use Cases

South Africa's Intergovernmental Fintech Working Group will conduct analytical work on use cases for stablecoins and consider an appropriate policy and regulatory response during the course of this year. The group is also considering the impact of tokenization on domestic markets. Tokenization is the representation of real-world assets (RWA) like securities on a blockchain.

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2024-02-22 12:20:24 Bitcoin Could Hit $150K This Year, Says Fundstrat's Tom Lee

Bitcoin (BTC) may have stalled over the past week, but FundStrat head of research Tom Lee doubled down on his bullish outlook and said it could reach as high as $150,000 this year. "You have demand improving with the new ETFs, you have supply shrinking with the halving, and if monetary policy eases which we expect, that's supportive for risk assets," Lee told CNBC on Wednesday.

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2024-02-21 20:56:07 Exchange: KuCoin

New Trade for #ODDZ/USDT (Chart: 4 Hour TF)

ODDZ/USDT Looks good on 4 Hour time frame moving trendline support price has taken reversal several times from here. Also on a Breakout.

Entry: $0.01529 - $0.001383

Target 1 : 0.01606
Target 2 : 0.01684
Target 3 : 0.01842
Target 4 : 0.01993
Target 5 : 0.02301

SL : 0.01297

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2024-02-21 19:15:31 Bitcoin options worth $3.7 billion approaching expiration

Feb. 23, the last Friday of the month, marks the expiration of an impressive $3.7 billion in Bitcoin (BTC) options, a situation that could notably influence the Bitcoin market, according to Deribit data. Deribit data shows that the options, totaling $3.7 billion for BTC, feature a significant open interest – a total of 71,340 contracts for both calls and puts combined. The put/call ratio for BTC stands at 0.76, reflecting 76 put options for every 100 call options.

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2024-02-20 18:50:22 Hong Kong's Central Bank Issues Guidance for Firms Offering Crypto Custodial Services

Hong Kong's central bank issued guidance for authorized institutions interested in offering custody services for digital assets as the territory attempts to reclaim its title as a crypto hub. The Hong Kong Monetary Authority (HKMA) guidance issued Tuesday adds to the licensing regime introduced last year that gives crypto exchanges a pathway to operate in a regulated manner.

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