Month: January 2022

The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. In today’s Daily Dive, we’re covering the state of realized losses and profit in the market and an
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As the team behind the new metaverse game Cross The Ages (CTA) prepares for the upcoming release, CEO and co-founder Sami Chlagou explained the project’s innovative approach–poised to make waves in the GameFi market. Revealing some of the compelling facts about the 16-month-long development, Chlagou broke down how CTA aims to provide a deeper playing
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Bitcoin attempted a key upside break above the $38,500 resistance against the US Dollar. BTC failed to clear $38,500 and started a fresh decline. Bitcoin struggled to gain pace above the $38,200 and $38,500 resistance levels. The price is now trading below $37,000 and the 100 hourly simple moving average. There was a break below
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Elon Musk’s electric car company, Tesla, did not sell any bitcoin in the fourth quarter, according to the company’s latest financial statement. Tesla is holding bitcoin worth $1.26 billion. The company still has not resumed accepting bitcoin payments but now accepts the meme cryptocurrency dogecoin (DOGE) for some merchandise. Tesla Did Not Sell Bitcoin in
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2021 was a major year for Bitcoin mining. The third halving in May 2020 brought broader attention to mining at large, and the growing interest has never subsided. In 2021, favorable economics made mining profitable for almost all participants, drawing in more and more participants. The emergence of flare-gas mining, Elon Musk’s comments about Bitcoin’s
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Rumors spreading on Twitter say that the world’s largest NFT marketplace, OpenSea, might be planning support for Solana-based NFTs soon.  OpenSea website shows support for Solana NFTs Popular tech blogger, Jane Manchun Wong, released screenshots of OpenSea’s website showing Solana among the supported blockchains of Ethereum, Klatyn, and Polygon. The screenshot also shows the marketplace
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Ripple has bought back shares from its Series C funding round, which raised the company’s valuation to $15 billion, according to CEO Brad Garlinghouse. He added that despite the lawsuit by the U.S. Securities and Exchange Commission (SEC) over the status of XRP cryptocurrency, Ripple had the best year on record. Ripple’s $15 Billion Valuation
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In March 2019, an anonymous individual by the pseudonym “PlanB” astonished investors when he published “Modeling Bitcoin Value with Scarcity,” and introduced his now famous Stock-to-Flow (S2F) model. The model predicted exponential growth of the bitcoin market value, with what purported to be sound scientific methods. A year later, he introduced the Stock-to-Flow Cross Asset
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Bitcoin finally broke below the $40K point this past weekend. This had sent the cryptocurrency back towards six-month lows. One thing though was that liquidations or the digital asset remained lower than expected. The current liquidation volumes lay well below the volumes that have accompanied previous crashes like this one. This could be a very
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