Author: News Room
The realized Bitcoin price represents the average on-chain acquisition cost. It’s a handy metric as it perfectly gauges the market’s valuation baseline at any given point. When dissected through the lens of short-term and long-term holders, it provides insights into the cohorts’ investment horizons and their acute effect on Bitcoin’s price. These cohorts’ 7-day change in realized price provides a much better metric visualization. The 7-day change in realized price for short-term holders reached its three-year high on Mar. 13, at 10.62%. The 7-day change in realized price for long-term holders the same day stood at -0.183%, representing a slight…
Last Monday, an on-chain photo of a puppy in a knit beanie sold for slightly more than $4.3 million. While such a statement might sound absurd—and this might not make a huge difference—the dog featured in the photo was no random hound, but Achi: the Shiba Inu from the iconic Dogwifhat internet meme. At over $4.3 million, the Achi NFT became the most expensive meme NFT ever sold. But it was hardly the first. For years, the healthy overlap of internet and crypto cultures has spawned NFT incarnations of some of the most famous memes of all time. Here’s a…
The Internet Computer Protocol (ICP) appears to be ushering in a new era of decentralized cloud computing innovation, as evidenced by the vibrant ecosystem of developers and projects showcased in the recent CryptoSlate Twitter Space. Hosted by CryptoSlate’s Akiba, the space featured insightful dialogue with key figures from the ICP community, including Isaac from the ICP Code & State team, Max from Bitfinity, Kyle from The Swop, and Darren, an ICP content creator. Listen back to the recording on X. As Isaac explained in the space, ICP is a decentralized cloud at its core, bridging the gap between Web2 and…
According to crypto analyst Ali, nearly 420,000 Ethereum (ETH) have been transferred to various crypto exchanges over the past three weeks. This steady shift of ETH, valued at approximately $1.47 billion, has caught the attention of investors and analysts alike. The influx of such a large volume of Ethereum to exchanges is noteworthy because it can imply a variety of strategies by holders. Typically, large-scale transfers to exchanges can suggest that investors are preparing to sell, potentially leading to a price drop. Nearly 420,000 $ETH have been sent to #crypto exchanges in the last three weeks, worth around $1.47 billion!…
TerraClassic has witnessed a remarkable uptick in its market performance, marking a significant increase over the previous month. In the recent week, LUNC’s price movement has been somewhat unpredictable, alternating between upward and downward trends moving laterally in the market. Read the full article here
U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) says cryptocurrency is the “best hedge against inflation.” He stressed that crypto “takes control away from the government and from the monopolistic banking system which uses money printing to shift wealth upward to the oligarchy of billionaires while impoverishing regular Americans.” RFK Jr. Says ‘Crypto Equals Freedom’ U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) reiterated his support for cryptocurrency in a post on social media platform X Thursday. RFK Jr. is a son of former U.S. Attorney General and Senator Robert F. Kennedy and nephew of former U.S. President…
Spain’s High Court has ordered a temporary suspension of the popular messaging app, Telegram, effective from March 25, 2024. This decision comes after several media companies, including Atresmedia, EGEDA, Mediaset, and Telefonica, lodged complaints alleging that Telegram facilitated the unauthorized sharing of their content. Judge Santiago Pedraz sanctioned the suspension to allow a thorough investigation into these claims. Spain Suspends Telegram Under this directive, it will be incumbent upon mobile service providers across Spain to implement the blockade against Telegram’s operations. This measure marks a significant development, considering Telegram’s status as the country’s fourth most utilized messaging platform. The platform,…
El Salvador continues its daily bitcoin purchases, aiming to keep buying until the cryptocurrency becomes too expensive. The top 10 bitcoin mining rigs of 2024 show significant profit margins due to recent value increases. Blackrock, has submitted a form to the SEC for the initiation of a tokenized investment fund called “BUIDL.” “Rich Dad Poor […] Read the full article here
In the face of relentless inflation and economic instability, Argentinians are increasingly turning to Bitcoin as a refuge, with recent data indicating a surge in purchases of the cryptocurrency. This trend comes as Bitcoin has experienced a remarkable rally in recent months, hitting record highs and outpacing traditional hedges against inflation, such as the U.S. dollar. Bitcoin Purchases Soar in Argentina According to a Bloomberg report, in the first week of March alone, the number of weekly Bitcoin purchases in Argentina soared to 34,700, marking the highest volume seen in the country in 20 months. This surge represents more than…
Bitcoin, the first and most popular cryptocurrency, has been making headlines with its recent surge to a new all-time high of over $72,000. This remarkable price increase has sparked renewed interest in Bitcoin as an investment opportunity, leaving many wondering what this means for their financial future. Investors may see this surge as a validation of Bitcoin’s potential as a long-term store of value and may allocate more of their portfolio to cryptocurrencies. However, the rapid rise in price may also raise concerns about potential volatility and the sustainability of such gains, prompting investors to carefully evaluate the risks before…